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    Economic Survey 2016-2017 - Finance Minister Shri Arun Jaitley Presented Economic Survey 2016-17 in the Parliament as on 31.1.2017
    Text of PMs statement ahead of Budget Session of Parliament, 31.01.2017
    Varishtha Pension Bima Yojana - 2017
    Cabinet approves Interest waiver for the two months of November and December, 2016 for farmers accessing short term crop loans from Cooperative Banks ...
    Cabinet approves setting up of a world class Integrated Exhibition-cum-Convention Centre at Pragati Maidan, New Delhi by ITPO
    Rubber Soil Information System (RubSIS) for Rubber Growers
    India participates in JITSIC meeting on ‘Panama Papers’ where 30 Revenue Authorities shared their findings on investigations arising from the Pana...
    Interaction with Beneficiaries of Up-scaled: Revised 2013 Lean Manufacturing Competitiveness Scheme (LMCS)
    The Central Government releases Special Central Assistance to various States to expedite their completion of area specific ongoing approved Schemes in...
    CCI imposes penalty on bidders for cartelisation in tenders of Indian Railways
    CCI imposes penalties on cement companies for bid-rigging
    Union Minister of Statistics & Programme Implementation Sh. D.V. Sadananda Gowda says that Statistics plays important role in Good governance
    Government Approves Six (6) Proposals of Foreign Direct Investment (FDI)
    Make in India Pharmaceuticals Sector - Achievement Report
    Make in India Oil & Gas Sector - Achievement Report
    Make in India New and Renewable Energy Sector - Achievement Report
    Make in Indian Gems and Jewellery Sector - Achievement Report
    Make in India Chemicals & Petrochemicals Sector - Achievement Report
    Make in India Biotechnology Sector - Achievement Report
    Make in India Railways Sector - Achievement Report
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    January 31, 2017
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    Economic policy assessment highlights structural reform priorities and fiscal and federal challenges informing national reform agenda.
    Presentation of the Economic Survey 2016-17 assesses India's macroeconomic outlook and structural vulnerabilities, addressing demonetization's implications, the twin balance sheet problem, and a shifting fiscal framework. It highlights sectoral strategies for low skill manufacturing, considers a Universal Basic Income, examines income health fertility convergence puzzles, and analyses market integration, state development narratives and cities' role in competitive sub federalism.
    January 31, 2017
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    Parliamentary budget scheduling prompts comprehensive debate and urges focus on public interest and rail budget merger.
    Prime Minister emphasised detailed parliamentary scrutiny of the Budget and called for extensive, constructive debate on public-interest matters, noting the procedural change to Budget timing and the administrative merger of the rail budget with the general budget and urging the House to examine the potential benefits.
    January 24, 2017
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    Assured pension return guarantees elderly periodic pension payments, with government subsidy covering any shortfall.
    The Cabinet authorised Varishtha Pension Bima Yojana 2017 to provide an assured pension for persons aged sixty years and above through LIC; subscribers may elect payment periodicity, and the Government will annually subsidise the difference if LIC's returns fall below the assured rate. The scheme is open for subscription for one year from launch.
    January 24, 2017
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    Interest waiver for short-term crop loans: two-month relief and NABARD refinance support to cooperative banks.
    Cabinet approved an ex post facto interest waiver for two months (November-December 2016) for farmers with short term crop loans from Cooperative Banks and authorised interest subvention to NABARD on additional refinance to Cooperative Banks; the waiver applies to loans disbursed between 1 April 2016 and 30 September 2016 and is intended to ensure liquidity and enable access to crop finance amid cash shortages.
    January 24, 2017
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    Integrated Exhibition-cum-Convention Centre approved; funding plan with government guarantee and global bidding for project execution.
    Approval authorises redevelopment of Pragati Maidan by creating an Integrated Exhibition-cum-Convention Centre (IECC) to be delivered by ITPO using a mix of internal reserves and external financing with a government guarantee for institutional loans; NBCC has been appointed as Project Management Consultant and ITPO will run global competitive bidding for construction, with phased delivery and specified transport connectivity improvements.
    January 24, 2017
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    Soil management tool: online fertiliser recommendations tailored to plantation soil to promote sustainable agriculture and reduce production costs.
    Launch of Rubber Soil Information System (RubSIS), an online fertiliser recommendation platform that uses integrated soil survey, land-use and remote-sensing data to provide site-specific chemical fertiliser mixes and quantities for rubber growers, aiming to prevent indiscriminate fertiliser use, reduce soil degradation and environmental pollution, lower production costs, and increase productivity; initially deployed in Kottayam with planned extension across Kerala and Tamil Nadu.
    January 21, 2017
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    Exchange of information on Panama Papers probes strengthens cross-border tax cooperation and standardised information requests.
    Thirty revenue authorities exchanged Panama Papers investigation findings, highlighting tax intermediaries' roles in facilitating evasion and emphasising coordinated exchange of information under tax treaties and multilateral conventions. The meeting advanced uniform approaches to information requests, clarified evasion typologies used by intermediaries, and developed techniques for collating and analysing intelligence, with members committing to continue sharing information under existing legal frameworks.
    January 20, 2017
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    Lean manufacturing scheme improves MSME productivity and efficiency through waste reduction and capacity building.
    The Lean Manufacturing Competitiveness Scheme (LMCS) is a productivity programme for MSME clusters that applies lean tools to reduce waste, enhance productivity, increase inventory turnover and shorten manufacturing lead times. Implemented and monitored by the National Productivity Council as the National Monitoring and Implementation Unit, the scheme combines cluster formation, process interventions and capacity building, yielding both measurable operational gains and ancillary benefits such as safer workplaces, improved quality, environmental improvements and enhanced business opportunities.
    January 20, 2017
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    Special Central Assistance accelerates completion of area-specific development projects, enabling states to finish ongoing infrastructure and welfare schemes.
    The Central Government provides Special Central Assistance as targeted, project-specific releases to States to expedite completion of ongoing area-specific approved schemes addressing backward-region development. This funding bridges resource and implementation gaps post-devolution, supports infrastructure and social-sector projects (power transmission, thermal plant modernization, irrigation, roads, education, pollution control), and includes counterpart funding for loan-supported projects and interest subvention for livelihood restoration to facilitate timely project completion.
    January 20, 2017
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    Cartelisation in public procurement leads to penalties; cooperation under lesser-penalty rules reduced one firm's sanction.
    CCI found three firms guilty of coordinated market allocation and collusive bidding in Indian Railways tenders for Brushless DC fans, based on exchanged pricing instructions, frequent calls among key personnel, and an admission by one firm. The Commission imposed monetary penalties on the firms and on persons-in-charge, using profit multiples, turnover percentages and averaged personal income as bases, and granted a reduced penalty to a cooperating firm under the Lesser Penalty regime.
    January 20, 2017
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    Bid rigging in public procurement confirmed; companies penalised and ordered to cease anti competitive coordination in bidding processes.
    CCI concluded seven cement companies engaged in bid rigging in a 2012 Haryana government tender, based on higher-than-previous rates, reverse calculation of basic prices, quantity quoting that matched total tendered supply, district-wise rate patterns producing multiple L1 allocations, and corroborative SMSes and calls. Penalties were imposed at 0.3% of each company's average turnover for the preceding three years; the Commission considered potential project delays from tender cancellation, tender peculiarities, tender size and firms' competition compliance programmes. Companies were directed to cease the prohibited conduct and the order is in Ref. Case No. 05 of 2013.
    January 19, 2017
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    Official statistics enable data-driven governance and policy oversight, with digital collection modernising key economic indicators.
    Role of official statistics in good governance is emphasised, linking reliable data to effective delivery of public services and policymaking; formulation of indicators for Sustainable Development Goals in consultation with states; federal coordination via COCSSO for harmonising statistical activities; and a ministry shift to digital data collection, including online Consumer Price Index and Index of Industrial Production, to modernise statistical operations.
    January 19, 2017
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    Foreign direct investment approvals include acquisitions and share issuances, while several proposals were deferred or rejected by authorities.
    Government approved six FDI proposals across pharma, investing company arrangements and telecom, authorising acquisitions, share issuances, implementation of global non compete covenants, and recognition of increased foreign ownership in a telecom subsidiary. Several distinct proposals were deferred pending further scrutiny of large cross border acquisitions, amalgamation schemes and downstream transactions. Three proposals were rejected for seeking post facto regularisation or inappropriate investing company structures, and two proposals were held not to lie before FIPB due to their subject matter.
    January 18, 2017
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    Pharmaceuticals sector policy update: public achievement report signals government promotion and information dissemination.
    Achievement report concerning the Pharmaceuticals Sector under the Make in India initiative issued as a news press release dated 18-1-2017, announcing a public summary of sectoral achievements and directing readers to a detailed report; the text is informational and non-adjudicatory.
    January 18, 2017
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    Make in India initiative: Oil and Gas sector achievement report released summarising sectoral progress and policy measures.
    Make in India Oil & Gas Sector achievement report published as a government news press release summarises reported outcomes and developments within the Oil & Gas sector under the Make in India initiative, functioning as a public communication announcing the availability of the achievement report and associated press materials.
    January 18, 2017
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    Renewable energy achievement report published under Make in India, summarising sector progress and policy initiatives.
    Press release announcing publication of the Make in India New and Renewable Energy Sector achievement report dated 18-1-2017, providing an online link for stakeholders and the public to access the detailed report.
    January 18, 2017
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    Make in India initiative: Gems and Jewellery sector achievement report announced summarising sector progress and policy measures.
    Announcement of an achievement report concerning the Make in India initiative for the Gems and Jewellery sector, issued as a press release; it summarises sector progress, initiatives and measures taken under the programme and is informational rather than adjudicatory.
    January 18, 2017
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    Manufacturing policy progress under Make in India highlights sector achievements and implementation milestones for chemicals and petrochemicals sectors.
    Announcement of an achievement report summarizing implementation outcomes under the Make in India manufacturing initiative for the chemicals and petrochemicals sectors, serving as an official informational release that records and publicizes government actions, milestones, and sectoral performance tied to national industrial promotion policy.
    January 18, 2017
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    Biotechnology sector achievement report published under Make in India, announcing progress and linking to the full report.
    Announcement of the publication of an achievement report for the Biotechnology Sector under the Make in India initiative dated 18-01-2017; the notice notifies stakeholders of the report's availability and provides a link to the full press release but does not set out the report's substantive findings within the supplied text.
    January 18, 2017
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    Domestic manufacturing policy in railways publicises achievements under the Make in India initiative.
    Press release announcing the "Make in India: Railways Sector" achievement report, summarising accomplishments and progress under the Make in India initiative as applied to the railways sector and directing readers to the full report.

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