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    News
    All› News and Press Release › News and Press Release - 2019
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    December 31, 2019
    Finance Minister Smt Nirmala Sitharaman releases Report of the Task Force on National Infrastructure Pipeline for 2019-2025
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    National Infrastructure Pipeline to coordinate multi-year infrastructure investment and mandate monitoring mechanisms to accelerate project implementation.
    The National Infrastructure Pipeline projects total capital expenditure of about Rs. 102 lakh crore for FY 2019-20 to FY 2024-25, with Energy, Roads, Urban and Railways comprising around 70% of the outlay. The Task Force's compiled pipeline classifies projects as under implementation ( 42%), in conceptualization ( 32%) and in development, and recommends sectoral policy reforms and a monitoring mechanism to ensure timely implementation and coordinated financing.
    December 30, 2019
    NITI Aayog Releases SDG India Index and Dashboard 2019
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    SDG India Index tracks state progress on sustainable development goals and ranks performance to guide policy and reveal data gaps.
    The SDG India Index 2019 provides a subnational measurement of progress on 16 SDGs using 100 indicators from the National Indicator Framework, yielding a composite 0-100 score per State/UT that aggregates performance across goals. States/UTs are classified as Aspirant, Performer, Front Runner, or Achiever based on score bands; the Index supports policy dialogue, benchmarking, and evidence-based policymaking via state profiles and an online dashboard, while flagging gaps in data collection, reporting, methodology and needs for data disaggregation and capacity building.
    December 30, 2019
    THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2019
    Show AI Summary
    Insolvency and Bankruptcy Code amendments set creditor thresholds, protect moratorium rights, secure critical supplies, and limit corporate liability after approved plans.
    The Ordinance raises creditor thresholds for initiating corporate insolvency (including specified thresholds for real-estate allottees), advances appointment timing of interim resolution professionals to the insolvency commencement date, protects licenses and critical supplies during the moratorium (subject to payment of current dues), requires the resolution professional to manage operations until plan approval or liquidator appointment, and creates limited cessation of corporate liability and protection of property for offences committed prior to insolvency where an approved plan changes control to an unaffiliated, non-implicated acquirer, while preserving prosecution of responsible officers.
    December 27, 2019
    CCI approves acquisition of shares in My Home Industries by My Home Constructions and its affiliates
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    Acquisition approval: approval granted for acquisition of shareholding in My Home Industries by My Home Constructions.
    CCI approves a combination in which My Home Constructions and its affiliates acquire fifty percent of the shareholding in My Home Industries, a joint venture between CRH India Investments B.V. and the Acquirers. My Home Industries manufactures and supplies grey cement under the "Maha Cement" brand and undertakes captive power generation from waste heat and solar sources, with operations across several Indian states and union territories. The Commission's detailed order will follow.
    December 27, 2019
    Three Technology Development Projects Inaugurated
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    Centres of Excellence expand technology development, scaling a competitiveness scheme to boost indigenous capital goods capabilities.
    The Department of Heavy Industry inaugurated multiple technology development projects and expanded a competitiveness scheme for the capital goods sector by establishing Centres of Excellence, Integrated Industrial Infrastructure, Common Engineering Facility Centres, Testing and Certification Centres, and a Technology Acquisition Fund Programme to fund institutional R&D and industry partnerships developing indigenous technologies and shared facilities to strengthen domestic manufacturing capabilities.
    December 26, 2019
    Reforms by boiler division for EoDB
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    Self-certification and third-party inspection of boilers enabled to simplify compliance while maintaining safety standards.
    Departmental reforms authorize self-certification and third-party inspection and certification of boilers to streamline administration of the Boilers Act, 1923 and promote Ease of Doing Business. Specimen notifications under section 34(3) have been provided to State Governments to enable these measures while maintaining safety standards. Implementation mechanisms include recognition of third-party inspecting authorities, authorization of independent competent persons for in-service inspection under section 8, decentralized inspection during manufacture and use, and online registration with prescribed time limits for approvals.
    December 24, 2019
    NITI Aayog to Launch SDG India Index & Dashboard 2019–20
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    SDG monitoring at the sub national level: new Index ranks and diagnoses state progress to inform policy prioritisation.
    The summary announces NITI Aayog's SDG India Index and Dashboard 2019-20 as a sub national monitoring tool developed with MoSPI, the UN in India, and the Global Green Growth Institute to measure and rank States and Union Territories on progress toward the 2030 Sustainable Development Goals. NITI Aayog's mandate to oversee SDG adoption and monitoring is linked to the Index, which uses a targeted set of indicators from MoSPI's National Indicator Framework, expands goal coverage from the prior edition, and combines quantitative rankings with a qualitative assessment of implementation architecture.
    December 24, 2019
    Cabinet approves Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019
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    Cessation of corporate liability when a resolution plan effects a genuine change in management, subject to investigative cooperation.
    The ordinance amends the insolvency framework so that a corporate debtor's liability for offences committed before the insolvency process ceases and prosecution shall not continue from approval of a resolution plan that effects a change in management or control to persons who are neither promoters/related parties nor persons against whom investigating authorities have material and have filed a report; the corporate debtor must nonetheless assist investigating authorities, and the amendment was approved to remove ambiguities and smooth implementation.
    December 24, 2019
    GeM Samvaad takes off in Four States
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    Public procurement outreach drives seller onboarding and feedback-led enhancements to the national government e-marketplace platform.
    A national outreach initiative for the government e-marketplace was launched to facilitate onboarding of local sellers, to raise awareness of portal features, and to collect stakeholder input under a Voice of Customer mechanism. Senior GeM officers engage with buyers and sellers while State Governments arrange logistics; the programme is staged across States and Union Territories with the operational aim of using user feedback to inform portal improvements and broaden participation by State Departments, Public Sector Enterprises and MSMEs.
    December 21, 2019
    Innovation & Infrastucture will help India to become USD 5 trillion economy: Piyush Goyal
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    Regulatory reform: government seeks industry feedback to remove impediments and foster innovation and investment growth.
    The Government will act as a facilitator and enabler for industry by soliciting continuous industry feedback to identify and remove regulatory, non regulatory and judicial impediments, addressing harassment by central and state functionaries, and prioritizing reform actions. Industry-government dialogue is urged to streamline compliance and approvals.
    December 21, 2019
    Repayment of 8.19% GS 2020
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    Government securities repayment requires bank mandate or tendering discharged securities at paying offices before maturity date.
    Repayment of the Government Security scheduled for January 2020 requires payment to registered holders on the effective repayment date with interest ceasing from the scheduled date; if a state holiday under the Negotiable Instruments Act falls on that date, repayment is made on the previous working day. Payment will be by pay order or electronic credit to the holder's bank account per Government Securities Regulations, 2007, and holders must furnish bank account particulars in advance or tender duly discharged securities at paying offices up to twenty days before repayment.
    December 20, 2019
    Chairman 15th Finance Commission holds meeting with the CM Andhra Pradesh
    Show AI Summary
    Fiscal support requests: State seeks revenue deficit relief and debt relief; Commission to examine and continue dialogue.
    The State highlighted revenue shortfalls and obligations under the State Reorganisation Act, requested recognition of Special Category status and expedited release of pending central dues, and sought substantial revenue deficit grant assistance, increased borrowing limits and waiver or restructuring of legacy loan liabilities; the Finance Commission chair agreed to examine the representations, advised prioritising revenue-generating investments and committed to continued dialogue for the Commission's forthcoming recommendations.
    December 20, 2019
    Chairman 15th Finance Commission holds meeting with the CM Andhra Pradesh
    Show AI Summary
    Special Category status demand to secure fiscal support and pending dues for post bifurcation state finances.
    The Chair of the Fifteenth Finance Commission met the Andhra Pradesh Chief Minister to consider the State's fiscal challenges post bifurcation and requests for central support, including Special Category status, release of pending dues, a revenue deficit grant, increased borrowing limits and relief of past NSSF liabilities; the Chair undertook to examine the matters and continue dialogue while urging prioritised investment to secure future revenue.
    December 20, 2019
    Afghanistan first country to recognize Indian Pharmacopoeia
    Show AI Summary
    Recognition of Indian Pharmacopoeia: Afghanistan adopts IP standards for medicines quality and laboratory testing, enabling official use.
    Afghanistan has formally recognized the Indian Pharmacopoeia as a reputable standard for laboratory testing of medicines and health products, enabling the IP to be used as an accepted reference for assessing identity, purity and strength. The IP, designated under the Drugs and Cosmetics Act, provides authoritative standards and IP Reference Substances developed by the Indian Pharmacopoeia Commission to support regulatory quality control, implementation and enforcement for medicines.
    December 20, 2019
    EChO Network launched to catalyze cross-disciplinary leadership in India; will train educators and students in interdisciplinary manner
    Show AI Summary
    Interdisciplinary leadership: new national network to train educators and researchers for ecology, environment, and applied problems.
    EChO Network was launched to build cross-disciplinary leadership in Indian ecology and the environment by training educators, students, and postdoctoral leaders to address real-world problems in medicine, agriculture, ecology, and technology. It will identify knowledge gaps through stakeholder engagement, integrate public and private efforts into a national network, provide research and outreach training, promote nationwide awareness and education at all levels, and develop an international distributed institute combining expertise from industry, government, private, and academic sectors.
    December 18, 2019
    DISPOSAL MANUAL - 2019
    Show AI Summary
    Disposal Manual 2019 updates procedures for disposal of seized, confiscated and unclaimed goods, including e auction and valuation rules.
    Consolidated operational procedures for disposal of seized, confiscated, unclaimed/uncleared goods and time expired bonded goods: seven category classification with priority timelines; mandatory inventories, sealing, photographic records and secure storage; transfer of charge, stock taking and inspection protocols; valuation by a Joint Pricing Committee; and disposal modes including e auction, auction/tender and destruction, with processes for unclaimed cargo (Section 48), time expired bonds (Section 72) and apportionment of sale proceeds (Section 150).
    December 17, 2019
    GEM launches National Outreach Programme - GEM Samvaad
    Show AI Summary
    Public procurement outreach expands onboarding of local sellers to a national e-procurement marketplace, enhancing access and feedback mechanisms.
    A national outreach programme, GeM Samvaad, has been launched to facilitate onboarding of local sellers onto the Government e Marketplace (GeM) and to solicit user feedback for portal improvements. The outreach will cover all States and UTs, align seller capabilities with government buyer needs, broaden access for local suppliers including MSMEs, and collect feedback to guide functional enhancements on the GeM portal.
    December 16, 2019
    Fifth meeting of the Economic Advisory Council of the Fifteenth Finance Commission held today
    Show AI Summary
    Fiscal Responsibility focus as commission mandate extended and tasked with reports on macro, tax, GST, and fiscal transparency.
    The meeting recorded extension of the Commission's mandate via additional terms of reference requiring a one year and a multi year report; discussions centered on framing macroeconomic assumptions for the award period and on Union and State revenue and expenditure patterns, with focus on tax revenue mobilization, GST stabilization and compensation, and compliance with Fiscal Responsibility Legislations to strengthen fiscal transparency.
    December 13, 2019
    Predatory Pricing by e-COMMERCE Companies
    Show AI Summary
    Predatory pricing allegations against e commerce marketplaces risk competition scrutiny and enforcement proceedings.
    Allegations assert that e commerce marketplaces engaged in predatory pricing and discriminatory vendor treatment in breach of FDI e commerce guidelines requiring that marketplaces not influence sale prices and that services to vendors be provided at arm's length and in a fair, non discriminatory manner; platforms deny such control and contend discounts originate from sellers. These complaints implicate competition law's prohibition on unfair or discriminatory pricing by dominant enterprises and the Competition Commission's enforcement role.
    December 13, 2019
    CCI approves acquisition of shares in SBI General Insurance by Honey Wheat
    Show AI Summary
    Merger control: approval of a minority share acquisition in a general insurer under competition law with conditions pending order.
    The Competition Commission of India approved Honey Wheat Investment Limited's acquisition of a minority equity stake in SBI General Insurance, treating it as a notifiable combination under the merger control regime. The notification identifies Honey Wheat as an investor within a global investment group and SBI General Insurance as a provider of diverse general insurance products in India. A detailed CCI order setting out any conditions or further findings will follow.

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      News and Press Release

      Three Technology Development Projects Inaugurated

      December 27, 2019

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      Three Technology Development Projects Inaugurated

      8 Centres of Excellence for Technology Development Established by DHI

      Scheme for Enhancement of Competitiveness in Capital Goods Sector to be Scaled up

      Secretary, Department of Heavy Industry (DHI),Dr. A.R. Sihag inaugurated three Technology Development Projects at IIScBangalore and Central Manufacturing Technology Institute (CMTI) Bengaluru recently. He also inaugurated two Technology Development Projects at PSG College of Technology and Scientific and Industrial Testing and Research Centre(SiTARC), Coimbatore respectively.

      IIScBangalorehas developed a technology for metal additive printing machine with DHI support. This is niche technology and the development is being done for the first time in India.

      An Industry 4.0 SAMARTH UDYOG Centre is also coming up at IIScBangalore in order to support Indian manufacturing to adopt and assimilate Industry 4.0 technology such as Data Analytics, 3 D Printing, Artificial Intelligence, Virtual Reality, roboties machine to Machine Communication, Smarting of Legacy machine.

      A Sensor Technology manufacturing / Fabrication facility is also coming up at CMTI, Bengaluru with the help of the DHI. Sensor Technology will help in making products and machines smart through deployment of function specific sensor specially designed for data extraction. Another Facility for Nano technology is also coming up in CMTI that will provide better alternative route for precision manufacturing in strategic sectors.

      PSG CollegeCoimbatorealong with Industry partners developed Welding Robots, special alloy electrodes, power supply with the support of DHI. Indigenous technology has been developed at SiTARC by triad of Academia, Industry and Government for development of Smart Submersible Pumping Solutions for Industrial and Water Supply Applications.

      Department of Heavy Industry in the Ministry of Heavy Industries and Public Enterprises had launched a pilot scheme in November 2014 for enhancement of competitiveness in the Indian capital goods sector. The scheme is focused on making the Indian capital goods sector globally competitive and give a boost to the Indian economy. The scheme addresses the issue of technological depth creation in the capital goods sector besides creating common industrial facility centers.

      The scheme consists of five components which are Advanced Centres of Excellence, Integrated Industrial Infrastructure Facilities (IIFC), Common Engineering Facility Centre (CEFC), Testing & Certification Centre (T&CC) and Technology Acquisition Fund Programme (TAFP).

      A Screening Committee of DHI has selected 25 projects which include:

      Development of Shuttle less rapiers looms of 450 RPM at CMTI, Bengaluru

      • Additive Manufacturing technology for High Performance Metallic Alloys at IISc ,Bengaluru
      • Development of Smart Submersible (6 inch) Pumping Solutions for Industrial and Water Supply Applications at SiTARC, Coimbatore
      • Development of 5 Cubic Meter Hydraulic Excavator - HEX 400 at HEC, Ranchi

      IIT Madras:

      • Development of Orbital Motion Abrasive Cutting
      • Development of Multi-station Grinding and Polishing Machine
      • Development of 5-axis Multi-tasking Machine
      • Development of Direct Drive Machine
      • Development of Ultra Precision Micromachining Center
      • Development of Low Cost Machine Tending Robot
      • Automation of Grinding Process Intelligence
      • Thermal Compensation System for CNC Lathes
      • Development of 5kW feed drives and 25kW spindle drives for machine tool

      Advanced Centres of Excellence (CoEs):

      Eight Centres of Excellence (CoEs) for Technology Development have been established at IIT Madras, IIT Delhi, IIT Kharagpur, IISc, CMTI, HEC/PSG College of Technology etc. Technologies have been developed with industry partners in sectors like machine tools, textile machinery, earth moving machinery, metallurgical machinery and welding, submersible pumps.

      CoEs at IIT Madras, IISc, Bengaluru, PSG College of Technology, Coimbatore, Sitarc, Coimbatore and HEC Ranchi have already been completed. Shuttle less rapier looms of 450 RPM developed by CMTI are under testing at the facility of the industry partner at Surat. Development of the rest of the Centres of Excellence at IIT Kharagpur and IIT Delhi is at an advanced stage.

      The list of 8 CoEs is as under:

      1. CoE at CMTI, Bengaluru by TMMA for development of shuttle less rapiers looms of 450 RPM
      2. CoE at IIT, Madras for development of 11 advanced technologies for Machine Tools & Production Technology
      3. CoE at PSG College of Technology for development of three Welding Technologies
      4. COE at Coimbatore by Sitarc on Smart Submersible (6 inch) Pumping Solutions for Industrial and Water Supply Applications
      5. CoE at IIT Delhi for Textile Machinery
      6. CoE at IIT Kharagpur for Advanced Manufacturing
      7. CoE at HEC, Ranchi for manufacturing Hydraulic Excavator by HEC with institutional support of ISM Dhanbad
      8. CoE at IISc-Bengaluru with Wipro 3D for design and development of 3 D Printing technologies

      A 500-acre world class machine tool park has been established in Tumkuru, Karnataka in partnership with Government of Karnataka. The Park is in the centre of machine tools cluster and will strengthen the output of the machine tools sector. 108 acres of land has already been allotted to 12 companies.

      R&D capabilities in Institutions of Eminence are being leveraged to develop cutting edge industrial technologies so that challenges of manufacturing sector emerging from huge imports of high tech products can be dealt with. India also lags behind in manufacturing technologies. These challenges are being addressed through this scheme of DHI that will soon be scaled up and is specifically designed to tackle these challenges.

      The manufacturing sector is crucial for the development of the country’s economy as the Capital Goods industry contributes about 12% to the total manufacturing activity in India that is about 2% of the GDP. The Government of India has set a target of USD onetrillion manufacturing economy in the next five years and to achieve this the sector has to grow at double digits.

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