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    NCAVES India Forum 2021
    Cabinet approved Minimum Support Price of Copra for 2021 season
    Total FDI inflow of US$ 58.37 billion received during April to November, 2020
    CCI approves acquisition of a minority stake in Aditya Birla Fashion and Retail Limited (ABFRL) by Flipkart Investments Private Limited (FIPL)
    NITI Aayog Releases Second Edition of India Innovation Index
    Launch of Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens
    States to join the Centre and the Private sector to improve the Country’s Logistics performance
    NITI Aayog Releases Report on Faecal Sludge and Septage Management in Urban Areas: Service and Business Models
    Shri Piyush Goyal addresses1st National Conference of States on Logistics;
    Nomination of members to the National Startup Advisory Council
    First India-EU IPR dialogue held to strengthen relation and facilitate enhanced cooperation in the field of Intellectual Property Rights
    NITI Aayog to Launch Second Edition of India Innovation Index 2020
    Report of the Company Law Committee on Decriminalization of The Limited Liability Partnership Act, 2008
    Roundtable meeting with Global Funds at the Startup India International Summit sees participation of around 70 funds from around the world
    PM to interact with Startups and address ‘Prarambh: Startup India International Summit’ today
    Shri Piyush Goyal inaugurates the ‘Prarambh: Startup India International Summit’
    CCI approves Proposed Combination in acquisition of 100% equity interest and joint control in Virtusa Corporation by Austin HoldCo., GIC Investor and ...
    CCI approves acquisition by Total SE through its subsidiary Total Renewables SAS in share capital of Adani Green Energy Limited
    Japan’s Official Development Assistance for the COVID-19 crisis response support loan for social protection
    India’s response to S 301 Report of U.S. on Equalisation Levy
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    January 29, 2021
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    Environmental Economic Accounting adopted to integrate nature and economy, with a national strategy and valuation tool advancing policy use.
    The Forum promoted SEEA as the framework to integrate environmental and economic information for sustainability-focused policymaking, noted MoSPI's modular implementation and release of the India EVL Tool summarising environmental valuation studies, and announced development of a "Strategy for Environmental Economic Accounting for India" to institutionalise SEEA, strengthen national and sub national environmental accounts, and enhance collaboration among central and state agencies, scientific bodies, business and academia.
    January 28, 2021
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    Minimum Support Price for copra raised, reinforcing cost-benchmark policy and continued price support operations to benefit farmers.
    Approval established increased Minimum Support Price levels for milling (Fair Average Quality) and ball copra for the 2021 season, linked to a policy of setting MSPs at a specified multiple of the all India weighted average cost of production to secure targeted farmer margins. The decision follows recommendations of the price advisory body and continues designation of cooperative central nodal agencies to undertake price support operations and procurement at MSP in coconut growing States.
    January 27, 2021
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    Foreign Direct Investment policy reforms drive record early-year inflows and signal stronger investor confidence in market openness.
    The Government's investor friendly FDI policy, together with targeted reforms in investment facilitation and ease of doing business, has resulted in the highest ever aggregate FDI inflows for the first eight months of a financial year and a marked increase in FDI equity inflows compared to the same period in the prior year, indicating strengthened investor confidence and the effectiveness of the measures taken.
    January 21, 2021
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    Approval of minority acquisition in ABFRL by Flipkart unit under competition law, subject to a detailed order.
    CCI approved the acquisition by a newly incorporated wholly owned Flipkart subsidiary of a minority stake in ABFRL by way of subscription to equity shares; ABFRL operates in manufacturing and retail of branded apparel and related products across physical and online channels, the Flipkart/Walmart group undertakes e-commerce marketplace and related services in India, and a detailed CCI order will follow.
    January 21, 2021
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    Innovation Index promotes competitive federalism by ranking states' innovation capacities and guiding targeted policy interventions.
    NITI Aayog released the second India Innovation Index, ranking states and union territories by innovation capacity using five enabler parameters (Human Capital; Investment; Knowledge Workers; Business Environment; Safety and Legal Environment) and two performance parameters (Knowledge Output; Knowledge Diffusion), aiming to benchmark regional performance, identify policy priorities, and promote competitive federalism to strengthen subnational innovation ecosystems.
    January 20, 2021
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    Regulatory compliance minimisation: central portal to identify burdensome rules, record action plans and enable real-time monitoring.
    The Department for Promotion of Industry and Internal Trade launched a central Regulatory Compliance Portal to serve as an online repository of Central and State compliances, enabling submission of compliance items by stakeholders and recording action plans by Ministries/Departments and States/UTs to rationalize processes, decriminalize provisions and repeal redundant laws, with real-time monitoring and customised reporting for senior officials including the Cabinet Secretary.
    January 20, 2021
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    Logistics coordination to integrate modes, simplify approvals and strengthen state nodal mechanisms for streamlined supply chains.
    States are invited to partner with the Centre and private sector to boost logistics via an 18-point agenda prioritizing city logistics, simplified warehouse approvals, warehousing facilitation, easing truck movement burdens and addressing driver shortages. Institutional measures include appointment of State Nodal Officers, formation of State Level Coordination Committees, Central State coordination through designated nodal officers, and a Logistics Division survey to rank States on data-driven logistics performance. Ministries will pilot logistics planning in selected cities and collaborate with the Smart City Mission to align urban infrastructure and data for supply chain efficiency.
    January 20, 2021
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    Faecal sludge and septage management: report outlines service and business models to scale safely managed sanitation nationwide.
    The compendium on Faecal Sludge and Septage Management consolidates case studies and service and business models to guide urban sanitation planning, advancing the policy shift from Open-Defecation-Free to ODF+ and ODF++ by prioritizing containment management, scheduled emptying, transport, treatment, safe disposal, and reuse. It underscores that most urban households depend on onsite sanitation systems, necessitating dedicated FSSM plans featuring mechanization, private-sector participation, community engagement, and municipal capacity building under the national FSSM policy framework.
    January 20, 2021
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    National Logistics Policy to streamline multimodal transport and institutional coordination, enhancing ease of doing business and logistics efficiency.
    The proposed National Logistics Policy, supported by a National Logistics Council and State Logistics Coordination Committees, will serve as a template to coordinate integrated logistics development by simplifying documentation, integrating multimodal transport and stakeholders through technology platforms, and thereby enhancing the Ease of Doing Business; operational measures include use of Indian Railways and Dedicated Freight Corridors to increase freight speed, expand capacity, and reduce logistics costs.
    January 19, 2021
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    Nomination of non-official members to the National Startup Advisory Council establishes two-year terms to advise on startup ecosystem measures.
    The Central Government nominated non-official stakeholders-founders, entrepreneurs, investors, incubators, accelerators and industry association representatives-to the National Startup Advisory Council, specifying a two-year term or until further orders. The Council advises the Government on strengthening the startup ecosystem, including fostering innovation, promoting sectoral and regional innovation, supporting incubation and R&D, facilitating industry and public-sector adoption of innovation, promoting intellectual property commercialization, easing regulatory burdens for start-up lifecycle, and improving access to domestic and global capital while safeguarding promoter control.
    January 19, 2021
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    Intellectual Property Rights cooperation advances between India and EU, strengthening enforcement dialogue and policy coordination for mutual benefit
    The first India-EU dialogue on Intellectual Property Rights, co chaired by DPIIT and DG Trade officials, convened government representatives to exchange information on legislative and administrative IPR developments, enforcement initiatives, and sectoral frameworks. India outlined reforms to support start ups and MSMEs and efforts to reduce trademark pendency; the EU presented updates on digital copyright measures and its dual trademark system. Discussions also covered plant variety protection, farmers' rights, and continued technical cooperation to strengthen enforcement and policy coordination.
    January 19, 2021
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    Innovation index benchmarks states on outcome and governance to drive policy learning and competitive federalism.
    NITI Aayog's India Innovation Index benchmarks states and union territories in three peer groups using a two-part outcome and governance architecture with 36 indicators, including hard-data and composite metrics, and incorporates global and India-specific parameters such as R&D share of GDP to identify strengths and weaknesses and to guide policy learning and improvements in subnational innovation ecosystems.
    January 19, 2021
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    Decriminalization of LLP Act offences, IAM adjudication, Small LLP status and permitting LLPs to issue secured NCDs.
    The Committee recommends decriminalizing twelve compoundable offences and omitting one provision of the LLP Act, moving those defaults to an In-house Adjudication Mechanism with revised penalty schedules; retaining criminal sanctions for offences involving fraud, deceit or public interest harm. It also proposes a Small LLP category, authority for LLPs to issue secured non convertible debentures to regulated entities, relaxation of additional fee rules under Section 69, new provisions for registration offices and adjudication officers, and enabling accounting and auditing standards for classes of LLPs.
    January 16, 2021
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    Cross-border venture investment facilitation to boost startup scaleup by addressing regulatory barriers and easing fund operations.
    A government-led roundtable with around seventy global and domestic venture funds focused on mobilising foreign capital into Indian startups by addressing regulatory issues, promoting ease of doing business for global funds, and leveraging platforms such as GIFT City. Chaired by the Commerce and Industry Minister with senior DPIIT officials and regulators present, the session reviewed sectoral recovery patterns, government measures to support startups, and invited VC engagement from early stages to bolster scaling and investor sentiment.
    January 16, 2021
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    Startup internationalisation fosters cross-border collaboration, policy coordination and global capital mobilisation to strengthen early-stage ecosystems.
    The summit convened global stakeholders to accelerate cross-border collaboration, policy coordination and mobilisation of global capital for early-stage enterprises, emphasising internationalisation pathways, ease of doing business for global venture funds, a Virtual Startup Showcase, investor pitching, and strengthening incubation, procurement and market access for startups.
    January 15, 2021
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    Startup international cooperation advances cross border mentorship, investor engagement and regional ecosystem building for startups.
    The press release describes the Summit as a policy instrument to advance neighbourhood-first startup cooperation among BIMSTEC countries by fostering investor engagement, mentoring, startup to startup collaboration, skill development, and policy dialogue. It highlights government commitment to create an enabling ecosystem through reforms and programmes, proposes annual conclaves and a BIMSTEC startup hub, and frames the Summit's multi session structure as a mechanism to convert policy support into cross border partnerships, knowledge exchange, and capacity building for startups.
    January 12, 2021
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    Merger control approval: acquisition of full equity and joint control in a global IT services firm permitted by regulator review.
    Approval was granted for the Proposed Combination comprising the acquisition of 100% equity interest and joint control in Virtusa Corporation by three investment holding vehicles, each described as private equity, sovereign-wealth-managed, or pension-fund-managed investment entities, with the target operating as a global IT services group; a detailed order will follow.
    January 12, 2021
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    Competition clearance for minority investment by international energy group in Indian renewable power company granted.
    Approval under Section 31(1) is granted for a minority equity investment by Total SE, through its wholly owned subsidiary Total Renewables SAS, in the share capital of Adani Green Energy Limited (AGEL), constituting a competition clearance under the Competition Act, 2002, with a detailed CCI order to follow.
    January 8, 2021
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    Official Development Assistance loan supports expanded social protection for poor and vulnerable households affected by COVID-19.
    Japan committed an Official Development Assistance programme loan to support coordinated social protection measures for poor and vulnerable households impacted by COVID-19; Exchange of Notes was completed and a Loan Agreement executed between Indian officials and the Japan International Cooperation Agency representative to establish the financing and legal framework for the programme.
    January 8, 2021
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    Equalisation levy challenged as discriminatory by USTR, India maintains it ensures tax parity for digital commerce.
    India's Equalisation Levy applies to non resident e commerce operators without a permanent establishment who earn revenue from the Indian market; it is intended to level the tax treatment between resident and non resident suppliers, is prospective and territorially confined to India, and was defended to the USTR as non discriminatory and consistent with OECD BEPS work, though the USTR subsequently found it discriminatory.

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