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    Govt. is promoting India as global MICE destination to showcase India’s MSME sector, traditional handicrafts, artisanal offerings, weavers and manuf...
    Cabinet approves Minimum Support Price for Copra for 2024 season
    CCI seeks comments on draft of Competition Commission of India (Determination of Turnover or Income) Regulations, 2023
    Factual position vis-à-vis IMF's Article IV consultations with India
    Centre releases ₹72,961.21 crore as additional installment of Tax Devolution to States
    Department of Commerce supports Trade Promotion Council of India to organize Indus Food
    Hon’ble Union Minister Bhupender Yadav launches a NITI Aayog report, ‘A Green and Sustainable Growth Agenda for the Global Economy’
    Sh. Piyush Goyal releases “Compendium of PM GatiShakti: Volume II”,
    BISAG-N Office inaugurated in New Delhi
    Shri Piyush Goyal releases the “Logistics Ease Across Different State (LEADS) 2023”
    Central Public Sector Enterprises procurement through Government e-Marketplace surpasses INR 1 lakh crore in 6.5 months of FY 23-24; marking 166% incr...
    CCI approves combination involving acquisition of certain equity shares and special rights in Niva Bupa Health Insurance Limited by India Business Exc...
    Commission approves subscription to equity shares of Niva Bupa Health Insurance Company Limited by V-Sciences Investments Pte. Ltd.
    CCI approves proposed acquisition of certain shareholding in Constantia Flexibles Holding GmbH (Constantia) by Capripack BidCo GmbH (Capripak)
    DRI rescues 436 baby Indian Tent Turtles in Lucknow
    Atal Pension Yojana (APY) enrolments crosse the 6 crore mark
    India to host 27th WAIPA World Investment Conference in New Delhi
    Over 3000 Farmer Producer Organisations and 400 Self-Help Groups, micro-entrepreneurs and social sector enterprises register to be a part of Open Netw...
    62nd Network Planning Group Meeting under PM GatiShakti discussed four Infrastructure Projects worth Rs 15,000 Crore
    Union Minister of Commerce & Industry Shri Piyush Goyal commends the remarkable contribution of the consumer electronics industry in India
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    December 29, 2023
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    Promotion of India as a MICE destination to expand market access for MSMEs and artisanal value chains through mega expos.
    The Government is positioning India as a global MICE destination to advance market access and visibility for MSMEs, artisans, weavers and manufacturers through a sequenced programme of large trade events designed to create direct producer-buyer interfaces, promote value added agricultural and textile sectors, and support employment and income enhancement in processing and cottage industries.
    December 27, 2023
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    Minimum Support Price for Copra raised to ensure remunerative returns and sustain procurement under the Price Support Scheme.
    The Cabinet approved revised Minimum Support Prices for milling and ball copra for the 2024 season, set above 1.5 times the all India weighted cost of production to provide remunerative returns. The increases continue a multi year rise in MSPs and aim to incentivize greater copra production. Procurement under the Price Support Scheme recorded a marked increase in volumes and beneficiaries, with NAFED and NCCF retained as Central Nodal Agencies for procurement of copra and de husked coconut.
    December 23, 2023
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    Determination of turnover or income: draft regulations invite stakeholder comments on calculation methodology under the amended law.
    The Competition Commission of India published a draft regulation to prescribe the methodology for the determination of turnover or income required by the Explanation to clause (b) of section 27 and the Explanation to section 48 of the Act following the Competition (Amendment) Act, 2023, and has invited written stakeholder comments via a prescribed form on its website during the consultation period.
    December 23, 2023
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    General government debt profile largely rupee denominated with low rollover risk; IMF worst case scenario remains conditional.
    General Government Debt is primarily composed of central and state borrowings and is overwhelmingly rupee denominated, with domestically issued medium to long term bonds implying low rollover risk and limited exchange rate exposure. The IMF Article IV presents an extreme hypothetical shock that could raise the debt to GDP ratio, but that is a worst case scenario; under favourable assumptions the ratio may decline, while domestic fiscal consolidation targets and state Fiscal Responsibility Legislation support a medium term downward debt trajectory.
    December 22, 2023
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    Tax devolution additional instalment authorised to bolster state financing for social welfare and infrastructure support.
    An additional tax devolution instalment has been authorised by the Union Government to bolster State finances for social welfare and infrastructure, stated to be in addition to the instalment due on 10 January 2024 and the instalment released on 11 December 2023, with an aggregate amount provided and a state-wise breakup of allocations.
    December 21, 2023
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    Government support for trade promotion enables expansion of Indus Food, broadening exporter access and industry engagement.
    The Department of Commerce is supporting the Trade Promotion Council of India to organize an expanded Indus Food trade fair at the India Expo Centre, Greater Noida, with a substantially larger exhibition area, increased global and domestic buyer and exhibitor participation, additional product and machinery categories, and integrated Knowledge Sessions, an International F&B Standards Conclave, Masterclasses, and Innovation Awards to support industry capacity and market access.
    December 20, 2023
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    Climate finance must be scaled and accessible to enable the Global South's just transition and international cooperation on sustainable growth.
    A Green and sustainable growth agenda emphasizes scaling climate finance and technology transfer to enable an equitable transition for Global South economies. The report advances the principle that accessible and affordable climate finance and technology are prerequisites for a swift, just and equitable shift to renewable energy and deep emissions reductions, framing finance and technology as essential to redress disproportionate historical contributions to the climate crisis and to operationalize international commitments.
    December 19, 2023
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    PM GatiShakti National Master Plan promotes integrated area development planning, data governance, and district-level implementation support.
    Three guidance documents for the PM GatiShakti National Master Plan were released: a Volume II compendium of use cases showcasing integrated NMP adoption across sectors and jurisdictions; a Handbook for District Collectors to operationalise Area Development Planning at district/local level; and a Compendium of Roles and Responsibilities detailing stakeholder accountabilities and data management standards, including data quality, interoperability, updating, sensitivity and cybersecurity for the NMP platform.
    December 19, 2023
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    Technical partnership for PM GatiShakti enables GIS platform operation and a training centre to build stakeholder capacity.
    BISAG-N is the technical partner for the GIS-based PM GatiShakti NMP platform and has established an Office cum Training Centre to conduct workshops, provide hands on training to stakeholders to update portal databases for real time analysis and monitoring, showcase use cases for visiting delegations, and build capacity of PM GatiShakti cells across central and state entities, supported by dedicated IT infrastructure and staffing as an extension of its headquarters.
    December 18, 2023
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    Logistics performance improvement via LEADS report encourages state reforms and adoption of digital and sustainable logistics.
    LEADS 2023 combines perception and objective data from a pan India survey and stakeholder consultations to assess logistics performance across States/UTs, classifying jurisdictions and evaluating three pillars: Logistics Infrastructure, Logistics Services, and Operating and Regulatory Environment. The report highlights multimodal connectivity, PM GatiShakti, City Logistics Plans, digital platforms, and the need for State Logistics Policies, industry status for logistics, monitoring frameworks, skill development, and promotion of green logistics to guide targeted reforms and improve competitiveness.
    December 14, 2023
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    Public procurement digitisation via GeM boosts CPSE purchasing share and streamlines complex service procurements.
    Central Public Sector Enterprises' adoption of the Government e Marketplace (GeM) has expanded their public procurement footprint, with CPSEs contributing a dominant share of platform Gross Merchandise Value and large year on year increases in procurement volume. GeM's tailored interventions, dedicated nodal officers and bid publishing support accommodated complex procurements and increased service procurement across energy, mining and heavy industry sectors.
    December 13, 2023
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    Merger control: CCI approval for acquisition of equity and special rights in a health insurance company by a private fund.
    Approval by the Competition Commission of India of a proposed combination where India Business Excellence Fund IV, a Category II AIF managed by MO Alternate Investment Advisors, will acquire certain equity shares and obtain specified special rights in Niva Bupa Health Insurance Limited, a standalone health insurer offering health and travel insurance products; a detailed CCI order will follow.
    December 13, 2023
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    Competition clearance for proposed equity subscription in a health insurer by a foreign investment vehicle with additional rights.
    Competition approval in principle for the proposed equity subscription by V-Sciences Investments Pte. Ltd. in Niva Bupa Health Insurance Company Limited, including certain additional rights as part of the combination; acquirer is an indirectly wholly owned subsidiary of a larger investment company and the target offers health indemnity, fixed-benefit and travel insurance products; a detailed regulatory order will follow.
    December 13, 2023
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    Merger control clearance for acquisition creating sole control over a global flexible-packaging company; detailed order to follow.
    The Commission approved a notified combination in which Capripack BidCo GmbH will acquire sole control of Constantia Flexibles Holding GmbH by purchasing 100% of its shareholding and voting rights from Constantia Lux S.a r.l. Capripack is an acquisition vehicle indirectly majority owned by funds managed or advised by One Rock Capital Partners; the seller is indirectly controlled by funds affiliated with the Wendel Group. Constantia is a global flexible-packaging producer whose products include aluminium foil, film and paper-based materials for food, pharmaceutical, household and other end uses. A detailed order will follow.
    December 13, 2023
    Show AI Summary
    Protected species enforcement: seizure of illegally transported Indian Tent Turtles and transfer to forest authorities under wildlife law.
    Seizure and enforcement action followed intelligence-led interception of interstate transport of baby Indian Tent Turtles, with arrest of the transporter and seizure under the Wild Life (Protection) Act; the species is listed as a protected species under Schedule I and the matter was handed over to the Forest Department for further investigation and management.
    December 13, 2023
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    Social pension guarantee expands as Atal Pension Yojana widens coverage, ensuring lifelong pension and spousal benefit.
    Under the scheme, subscribers who contribute until age sixty become entitled to lifelong monthly pension within a prescribed range determined by contribution levels and entry age. The scheme provides triple benefits: a guaranteed lifelong pension to the subscriber, continuation of the same pension to the spouse on the subscriber's death, and return of accumulated pension wealth to the nominee upon the death of both subscriber and spouse.
    December 11, 2023
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    Investment promotion: global IPAs convene to advance policies, collaboration and sustainable foreign direct investment opportunities.
    India will host the 27th World Investment Conference, gathering IPAs, multilateral organisations, the private sector and startups to advance investment promotion and facilitation under the theme "Empowering Investors: IPAs Pioneering Future Growth." The four day programme includes meetings of IPAs of G20 nations and WIDA, sectoral parallel sessions, policy roundtables, white papers on priority sectors, an Experience India Centre showcasing services and technology, and a Startup Investor Connect to facilitate funding and international engagement.
    December 8, 2023
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    Open Network for Digital Commerce expands onboarding of small producers and enterprises, enabling transactions without central monitoring.
    The Open Network for Digital Commerce operates as a decentralised facilitation network that does not directly onboard sellers or centrally monitor transactions, and has expanded participation by onboarding Farmer Producer Organisations, Self Help Groups, micro entrepreneurs and food sellers through seller network participants while pursuing MSME marketplace integration.
    December 8, 2023
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    Multimodal connectivity promotes infrastructure projects to improve logistics, shorten travel times, and boost regional socio economic development.
    Two rail projects-a Greenfield last mile link to coal blocks and a brownfield corridor upgrade to relieve congestion-plus two roads reducing travel distances and times were reviewed under PM GatiShakti to promote multimodal connectivity, increase rail and port cargo share, and support socio economic upliftment of tribal and industrial regions through integrated area development planning.
    December 8, 2023
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    Quality Control Orders and product quality: industry urged to prioritise high standards and domestic sourcing to boost competitiveness.
    The Minister urged the consumer electronics industry to prioritise product quality and adopt Indian-made components, noting the issuance of Quality Control Orders as a regulatory step to protect consumers and enhance industry competitiveness; he framed these actions as central to job creation, scaling domestic and global competitiveness, and aligning industry practices with broader economic and social development objectives.

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      News and Press Release

      Sh. Piyush Goyal releases “Compendium of PM GatiShakti: Volume II”,

      December 19, 2023

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      “Compendium of Roles and Responsibilities on PM GatiShakti National

      Master Plan” and “Handbook for District Collectors: PM GatiShakti

      National Master Plan for Area Development Approach”

      Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Sh. Piyush Goyal released three documents, namely, “Compendium of PM GatiShakti: Volume II”, “Compendium of Roles and Responsibilities on PM GatiShakti National Master Plan” and “Handbook for District Collectors: PM GatiShakti National Master Plan for Area Development Approach”, yesterday at Vanijya Bhawan, New Delhi.

      Union Minister of State for Commerce & Industry, Sh. Som Parkash, Secretary,  Department for Promotion of Industry and Internal Trade (DPIIT), Sh. Rajesh Kumar Singh, Special Secretary (Logistics) DPIIT,  Smt. Sumita Dawra, Director General, BISAG-N, Sh. T.P Singh, members from Network Planning Group, and other senior officials were also present during the release.

      Union Minister of Commerce & Industry, Consumer Affairs, Food Public Distribution, and Textiles, Sh. Piyush Goyal, congratulated everyone for the efforts that have propagated outcomes and significant achievements made under PM GatiShakti in the last two years. He highlighted the benefits of PM GatiShakti NMP in addressing significant problems through integrated data-driven mechanisms, ensuring cost effectiveness in project planning and implementation in time bound manner, and expeditious NOC approvals and land acquisitions.

      Union Minister of State for Commerce & Industry, Sh. Som Parkash, emphasised onboarding of infrastructure, economic, and social Ministries/ Departments that has enabled holistic and integrated planning of complete areas on PM GatiShakti principles. He asserted that the release of these three documents will make our country’s infrastructure planning more synchronised and help improve India’s logistics efficiency.

      Secretary, DPIIT, Sh. Rajesh Kumar Singh,  asserted the tremendous improvement made in terms of area planning at the District/Local root level for hard infrastructure and soft infrastructure. He remarked that these documents will benefit all stakeholders and enable integrated planning, elimination of ad-hoc issues and bring synergy amongst all relevant stakeholders at all Central, State and Local level.

      Special Secretary (Logistics), DPIIT, Smt. Sumita Dawra,  in her introductory remarks highlighted that the Logistics Division, DPIIT has undertaken concerted efforts pertaining to data ownership and quality management, and use cases of PMGS. In the last week, many of these initiatives have reached their logical conclusion. These include (i) the release of Report on “Logistics Cost in India: Assessment and Long-term Framework”; (ii) the release of “Logistics Ease Across Different States (LEADS) – 2023”; (iii) the Inauguration of BISAG-N Office-cum-training Centre at New Delhi. She further emphasized that the three documents released will streamline the roles and responsibilities of stakeholders in PM GatiShakti, facilitate area development planning at the District/Local level, and promote cross-learning amongst stakeholders.

      “Compendium of PM GatiShakti: Volume II”

      To commemorate two years of the launch of PM GatiShakti, a “Compendium of PM GatiShakti” was released on October 13, 2023. In continuation, a second edition “Compendium of PM GatiShakti: Volume II” has been developed to showcase 11 successful use cases of adoption of PM GatiShakti NMP by various line Ministries and States/UTs across different sectors.

      These cases encompass a wide array of projects, including the construction of a high-speed highway connecting Bareilly, Gorakhpur, and Siliguri; addressing urban congestion in Bengaluru; and tourism initiatives in Arunachal Pradesh to improve connectivity and empower communities.

      It underscores the benefits of adopting PM GatiShakti, inter alia including expeditious decision-making, integrated planning reducing time and cost overruns, and replacing manual planning processes with digital tools. The compendium aims to be a valuable resource, facilitating cross-learning among all stakeholders to enable Ease of Doing Business and Ease of Living.

      “Handbook for District Collectors: PM GatiShakti National Master Plan for Area Development Approach”

      Since, PM GatiShakti emphasizes comprehensive area-based socio-economic development, its adoption at District/Local level planning is imperative. A “Handbook for District Collectors: PM GatiShakti National Master Plan for Area Development Approach” was also released to facilitate the onboarding of district-level officers.

      The handbook provides a detailed overview of the principles of Area Development Planning, and the critical role of District/Local level administration in achievement of the desired objectives.

      Intended as a comprehensive guide, it provides a complete understanding of the roles and responsibilities of stakeholders at the district/local level, involved in the planning and implementation of social and economic infrastructure, for seamless district-level adoption of PM GatiShakti. It will play a pivotal role in the implementation of schemes and programmes of the Central/State Government such as the Aspirational Blocks Programme.

      “Compendium of Roles and Responsibilities on PM GatiShakti National Master Plan”

      During the event, a “Compendium of Roles and Responsibilities on PM GatiShakti National Master Plan” was also launched, meant for circulation for Ministries/States & UTs. It provides an overview of the roles and responsibilities of stakeholders including line Ministries / Departments, States/UTs, BISAG-N and Logistics Division.

      This document will act as a valuable resource for promoting clarity, collaboration, and efficient data management practices by emphasizing on the formulation of a checklist for setting data management standards by each Ministry/Department/State /UT, Quality and updation mechanism, data editing, data interoperability, data sensitivity, Cyber security of the NMP platform, etc.

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