d

Cabinet approves e-auction to roll out FM Radio stations in 234 new cities

The Cabinet also clears the proposal to change annual licensing fee conditions




d

Paytm gets Finmin approval for downstream investment into its payment services arm 

PPSL will now resubmit application with RBI for Payment Aggregator licence



  • Money & Banking

d

Cabinet approves ₹6,456 crore worth of new rail projects across West Bengal, Jharkhand, Odisha and Chhattisgarh

Three projects include setting up of two new lines and one multi-tracking project across Indian Railways




d

Defence Ministry cautions firms using Chinese parts for drones

Ministry dashes off a letter to industry bodies asking them to sensitise manufacturers against using Chinese parts for drones




d

A dozen industrial smart cities worth ₹28,602 cr get CCEA approval

Projects to be completed by 2027, attract investment of ₹1.5 lakh crore, general 10 lakh direct jobs, says Piyush Goyal




d

Govt proposes new window in NRS auctions for buying coal without end use requirement

Coal Ministry proposes new window in NRS Linkage Auction Policy for long-term coal linkages without end use restrictions




d

Government may approve fresh applications for chip facilities in India

New projects could be announced in the upcoming Semicon India between September 11 and 13




d

IT Dept rolls out e-dispute resolution scheme

A DRC may make modification to the variations in the specified order and decide to grant reduction/waiver of penalty and prosecution




d

NFRA-ICAI tussle over key audit standard overhaul: CA Institute Council to meet on Sep 17 to discuss future strategy

ICAI to debate NFRA’s plan to overhaul audit standard SA600, fearing concentration of market in few hands




d

Govt extends interest equalisation scheme for exporters till September 30

This extension aims to promote the country’s outbound shipments and provide exporters with interest benefits.




d

Most powers of controversial patents chief Pandit withdrawn 

businessline was the first to report administrative head of intellectual property rights in the country, Prof Unnat P Pandit, has been indicted in a computer purchase case




d

India enforces mandatory CCI approval for M&As over ₹2,000 crore under new regulations

The updated regulations define ‘India nexus’ criteria, including user metrics and turnover, and introduce a ₹500 crore monetary threshold.  




d

Centre Notifies NaBFID as a ‘Public Financial Institution’

NaBFID expects its total sanctions loan book to touch ₹2 lakh crore by March 2025, while disbursements are likely to be around ₹ 1 lakh crore



  • Money & Banking

d

Govt brings all citizens aged 70+ under Ayushman Bharat’s ₹5 lakh health scheme

India expands Ayushman Bharat to cover 6 crore senior citizens aged 70+ with ₹5 lakh free health insurance per family, at a total cost of ₹3,437 crore




d

Ayushman Bharat scheme could see addition of more geriatric care packages: Health Ministry officials

Suggestions have been sought to increase the number of geriatric care packages under the health insurance scheme




d

Finance Ministry notifies new rules for compounding under FEMA

The new rules aim to further promote ease of investment




d

India and Brazil to collaborate on SAF, leverage biofuel expertise to decarbonise aviation

The joint statement emphasised collaboration in technology exchange, joint research, and development initiatives to optimize SAF production processes and create frameworks encouraging investment in SAF production.




d

Legislative bodies should use technology to discuss, shape welfare schemes for the poor, says LS Speaker Birla

By ensuring accountability and transparency of the Executive, democratic institutions make governance more responsible and efficient, says the Lok Sabha Speaker




d

Regulatory, policy reforms crucial for future of India's pharma R&D: Report

Inadequate capacity for drug regulation, need for advanced testing facilities, lack of strong framework for monitoring quality compliance among policy challenges, says report




d

Chennai Metro Phase 2 now a ‘Central Sector’ project, Centre to fund 65% of costs

The decision shifts financial responsibility largely to the central government, freeing up state resources and triggering loan renegotiations with international agencies. 




d

Need clear laws, standard operating procedures to protect workers, manufacturers' interests: GTRI

Amid the ongoing Samsung workers’ strike in Tamil Nadu, economic think tank GTRI suggests seven-step strategy to foster a more stable industrial environment in the country




d

Wage ceilings likely to be hiked for EPS, EPF and ESIC: Labour Ministry sources

Talks are at an advanced stage to firm up the quantum of increase




d

Parliamentary panel expresses concern over CCI budget cuts

Panel seeks updates on pending competition cases, CCI’s backlog, and progress of the Draft Digital Competition Bill targeting the digital market




d

FDI policy: Instead of overall review, govt may continue with tweaks

Focus will be on liberalising sector specific policy as and when required; improving processes




d

QR code diktat to be widened for more medicines, says DCGI Raghuvanshi 

already Top 300 drug brands are already under mandatory QR code net 




d

Centre releases ₹1.78 lakh crore to States towards tax devolution

Aimed at enabling States to accelerate capital spending ahead of festive season




d

Aadhaar made mandatory for PM Internship Scheme

Internship opportunities surges to touch 50,000 mark; 130 companies have onboarded the internship portal




d

Government schemes catapulting India to become developed nation: Amit Shah

Modi government has ended “policy paralysis” and transformed India into an economic bright spot, says Union Home Minister Amit Shah




d

GoM for freeing health insurance for senior citizens, all policies up to ₹5-lakh cover from GST burden

GoM suggests rate hike on high-end wrist watches, shoes; GST on packaged water to be cut




d

Invoice Management System may add compliance for GST assesses, say tax experts

First GSTR-2B based on IMS to be generated for October on November 14.




d

Family pension in case of two widows to be paid after deciding legality of second marriage

Existing rule says ‘widow’ or ‘widower’ shall mean a spouse, legally wedded to deceased government servant or pensioners.




d

No merger of 50% DA into basic, as finance ministry issues order payment for 53% DA

DA to central government employees was enhanced from 50 per cent to 53 per cent of the basic pay with effect from July 1, 2024




d

Bond between India, Russia is deep-rooted: Modi

Modi meets Putin on the sidelines of  BRICS summit in Kazan; talks focus on partnership across diverse sectors




d

Finmin gives effect to revised consolidated pay for IRDAI Chairman, members

Revised pay to be effective from January 1 this year



  • Money & Banking

d

Bharat dal sales resume; chana and masur dal offered at reduced prices

Chana (whole) is being sold at ₹58 per kg and masur dal at ₹89 per kg through cooperative networks like NCCF, NAFED, and Kendriya Bhandar.




d

India to continue supporting Global South with strong forex reserves, says FM Sitharaman

At a Centre for Global Development event, Sitharaman highlighted India’s use of foreign reserves to aid distressed nations without conditions.




d

Govt plans to issue ALMM for PV cells to push India's green energy transition

The 2019 ALMM order (List-I) specified models and manufacturers of solar PV modules, whereas List-II will identify and include models and manufacturers of solar PV cells




d

Govt proposes 15-year PPA for FDRE projects with battery storage

The Power Ministry seeks stakeholder feedback on amendments




d

India’s new biodiversity strategy aims to protect 30% of ecosystems, restore degraded habitats by 2030

This plan aligns with the global targets set by the Kunming-Montreal Global Biodiversity Framework.




d

PM E-DRIVE: Government starts disbursal of incentives amounting to ₹320 crore in first month of scheme

Total 28,81,436 units of EVs to be incentivised with an outlay of ₹10,900 crore in the next 2 years




d

Aviation Minister proposes over 50 helicopter emergency medical units along highways

This initiative aims to enhance rapid medical assistance, particularly in remote areas, and align with global healthcare standards




d

Indirect tax related quasi-judicial adjudication, appeal cases to mandatorily heard in virtual mode

An advisory issued on GST portal lowered the AATO (Aggregate Annual Turnover) for reporting e-Invoices on IRP portals within 30 days to Rs ₹10 crore and above from Rs ₹100 crore and above




d

CCI sharpens penalty recovery rules, seeks public input on new amendments

Stakeholders invited to share feedback by December 6 on proposed changes aimed at a more streamlined and effective penalty recovery process




d

GoI invites proposals for establishing Centres of Excellence under Green Hydrogen Mission

This initiative, launched by the Ministry of New and Renewable Energy, aims to position India as a global leader in Green Hydrogen technologies by enhancing research in production, storage, and utilization




d

Precooked, ready to eat food to attract 18% GST: Kerala AAR

Kerala Chicken Curry, Chettinadu Chicken Curry, Chicken Biryani, Mutton Curry, Mutton Roast, Beef Fry, Beef Roast etc. constitutes ‘ready to eat packaged food’ more specifically than ‘prepared or preserved meat: AAR




d

Vehicle scrappage policy receives lukewarm response: Auto dealers

State incentives boost scrappage uptake, but space limitations hinder progress




d

Kawasaki Ninja ZX-6R Launched




d

Bigger and better

Can the refreshed Mercedes-Benz GLS be your premium, full-sized SUV of choice?




d

Hyundai Creta: In the lead

New design and tech might headline the new Hyundai Creta’s list of updates, but how good is it to drive?




d

2024 Land Rover Discovery Sport launched