s

Budget 2024: ₹5,000 monthly internship allowance announced for 1 crore youth

Internship scheme aims to create job opportunities in top 500 companies over next five years




s

Union Budget 2024-25: India slashes aid to Maldives, boosts support for Sri Lanka and Mauritius

Aid to the Maldives has been cut by 48%, reducing the grant from ₹770 crore to ₹400 crore, reflecting strained diplomatic ties following the election of pro-China President Mohamed Muizzu.




s

Disaster management Bill tabled in LS; Opposition says Bill encroaches on States’ jurisdiction

Centre asserts that there is no interference in the rights of the States as disaster management is the first responsibility of the States.




s

Govt issues fifth draft notification to declare Western Ghats as ecologically sensitive area

The notification aims to safeguard the region by prohibiting activities such as mining, quarrying, sand mining, and new thermal power projects, while also restricting large-scale construction projects and townships




s

Govt set to bring in changes in banking laws

Amendments likely to raise number of nominees in a bank account to 4



  • Money & Banking

s

Oil Ministry introduces Bill to amend Oilfields Regulation Act

Oil Ministry’s move to enhance the ease of doing business in the exploration and production sector




s

Nirmala Sitharaman introduces Banking Laws (Amendment) Bill in Lok Sabha

The Bill seeks to give customers an option to increase the number of nominees per bank account to four, from existing one, among others




s

Entering a decade of financial inclusion: PMJDY reaches 53 crore beneficiaries and ₹2.28 lakh crore in deposits

The scheme has largely been women-centric with 29.48 crore beneficiaries while 35.27 crore of total accounts are from rural and semi-urban branches




s

Govt issues operational guidelines for under PM-Surya Ghar: Muft Bijli Yojana

A total financial outlay of ₹800 crore has been allocated for this component, providing ₹1 crore per selected model solar village, the Ministry said




s

Andhra to announce new industrial, liquor policies soon

Pharma, automobiles, mining, energy and shipping, likely to be given special thrust by the State Government




s

DPIIT may take a relook at FDI restrictions from China in policy review: Sources

No country in the world has been able to decouple with China, says Commerce Secretary




s

Government partners with MicroSave to optimise Community Investment Support Fund

MicroSave has signed MoU with Rural Development Ministry on July 29




s

Govt supports e-commerce but demands fair play and honesty, says Piyush Goyal

Goyal highlighted the benefits of e-commerce while expressing concerns about predatory pricing practices and the need to protect small retailers




s

Govt to provide financial assistance to North Eastern States for hydro power development

This scheme has an outlay of ₹4,136 crore to be implemented from FY25 to FY32




s

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




s

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

s

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




s

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




s

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




s

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




s

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




s

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




s

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




s

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.




s

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




s

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.  




s

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

s

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




s

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




s

Finance Ministry notifies new rules for compounding under FEMA

The new rules aim to further promote ease of investment




s

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.




s

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




s

Govt to launch another PLI scheme for speciality steel: Steel Secy

Speciality steel is an area where more needs to be done, says Steel Secretary Sandeep Poundrik




s

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




s

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. 




s

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




s

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




s

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




s

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




s

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

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




s

Centre releases ₹1.78 lakh crore to States towards tax devolution

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




s

Aadhaar made mandatory for PM Internship Scheme

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




s

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




s

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




s

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.




s

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.




s

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




s

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




s

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

Revised pay to be effective from January 1 this year



  • Money & Banking

s

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.