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NDA Govt under CM Chandrababu Naidu to implement major policy overhaul in Andhra Pradesh

Andhra Pradesh Chief Minister Chandrababu Naidu expected to personally examine policy changes in all departments




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Atmanirbhar push: MoD requests 156 LCH Prachand from HAL for Army and IAF

Of the 156 helicopters, 90 are designated for the Army Aviation Corps and 66 for the Indian Air Force 




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Cabinet clears ₹2,254 crore for national forensic infra enhancement scheme

Under this scheme, the MHA will establish campuses of the National Forensic Sciences University and central forensic science laboratories in the country




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Indian government hikes kharif crops support price by 1-13%

Farmers will receive ₹2-lakh crore from the new minimum support prices




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Govt approves viability gap funding for offshore wind energy projects

The outlay also includes ₹6,853 crore for installation and commissioning of 1 GW of offshore wind energy projects and a grant of ₹600 crore for upgradation of two ports to meet logistics requirements for offshore wind energy projects




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₹76,000-cr greenfield Vadhavan Port gets Cabinet nod

The greenfield port will be a key infra asset in IMEEEC project




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Union Cabinet announces economic decisions worth over ₹2.88-lakh crore

These include the MSP hike for 14 Kharif crops, Varanasi airport expansion, and a new major port at Vadhavan




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Consumer Affairs Ministry releases draft guidelines to curb pesky promotional calls, messages

Draft guidelines released by DoCA protect consumers from unsolicited and unwarranted communications business communication




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Centre notifies new Telecom Act effective June 26, replaces 138-year-old Telegraph Act

Key provisions include user protection, reforms in the right of way, optimal spectrum utilisation, and the introduction of biometric identification for new SIMs




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PM Modi pledges threefold effort and results in third term; appeals for responsible Opposition

Emphasising the increased responsibility following a significant electoral victory, Modi promised to work harder and achieve greater outcomes 




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CBIC issues valuation norms for foreign company supplies to Indian subsidiaries

Additionally, CBIC clarified that for calculating the time limit to avail ITC under the Reverse Charge Mechanism, the relevant financial year will be when the recipient issues the invoice




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Interest subsidy scheme for exporters extended for 2 months for MSMEs

Claims of non-MSME exporters not to be entertained beyond June 30, 2024, says DGFT




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Periodic review likely of PSBs, CPSEs employees

New instructions from DoPT require PSUs and Banks to review employees monthly for integrity and effectiveness.




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Govt hikes NDRF risk and hardship allowance by 40%: Amit Shah

Union Home Minister Amit Shah made the announcement at the Flag-in ceremony of the NDRF’s Mountaineering Expedition Vijay, emphasising the crucial role NDRF plays in national and international disaster response




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Modi pivots to welfarism, free private sector growth

PM’s replies to the debate in Parliament with aggressive rebuttal of the Opposition’s barbs and a vision for the economy




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Self-declaration for advertisers limited to food, health sectors

I&B Ministry stated that advertisements issued for products related to food and health sectors will be required to upload an annual self-certificate on the Broadcast Seva Portal and Press Council of India portal.  




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Government reconstitutes 8 Cabinet Committees

Government has reconstituted 8 Cabinet Committees with the Prime Minister heading six of them.




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Govt announces guidelines for funding testing facilities under National Green Hydrogen Mission

With a budget of ₹200 crore till FY26, the scheme aims to support the development of standards and regulatory frameworks in the Green Hydrogen sector.




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On eve of Modi’s Moscow visit, Indo-Russia JV delivers 35,000 AK-203s to Indian Army

The Indo-Russian Rifles Private Ltd, a joint venture between India and Russia, has production facility at Amethi, UP and is expected to manufacture more than 600,000 rifles as per a deal between the two sides




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UP’s subsidy policy on strong hybrid cars different from FAME scheme: officials

The policy offers no registration cost for strong hybrid vehicles and provides a subsidy of ₹1 lakh or 15% of the ex-factory cost to customers, with a total outlay of ₹250 crore for 25,000 units




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Karnataka temporarily suspends job quota bill after backlash from industry

Influential figures such as Kiran Mazumdar-Shaw and TV Mohandas Pai had voiced strong opposition to the draft bill, citing concerns about its potential impact on business activities and the overall investment climate




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New MCA rule allows Directors to update KYC details throughout the year

This change offers more flexibility compared to the previous system, which only allowed updates during the annual KYC filing




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Two pre-Independence era acts to be re-enacted: Aircraft Act and Boilers Act get modern overhaul

In the upcoming Lok Sabha session, the Government will re-enact the Aircraft Act of 1934, introduce the Coffee Promotion Bill, and revamp the Indian Boilers Act of 1923 to modernise regulations and support the ‘Make in India’ initiative




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Oil Ministry announces plans for energy security fund

The Minister highlighted the importance of creating an energy security fund and exploring rare earth minerals




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Health Ministry directs FSSAI to waive off registration fee for street food vendors

Union Health Minister, Jagat Prakash Nadda also stressed on providing ‘Street Safe’ Rapid Testing Kit to ensure safe food is used by street food vendors and highlighted the need to empower them by enrolling them on food delivery platforms




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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




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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.




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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.




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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




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Govt set to bring in changes in banking laws

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



  • Money & Banking

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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




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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




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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




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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




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Andhra to announce new industrial, liquor policies soon

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




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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




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Government partners with MicroSave to optimise Community Investment Support Fund

MicroSave has signed MoU with Rural Development Ministry on July 29




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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




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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




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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




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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

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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




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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




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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




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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




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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




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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




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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




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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.




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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