Foreign Direct Investment approvals permit inbound projects following FIPB recommendations, formalizing regulatory clearance for capital inflows.
Government approval has been granted to a package of Foreign Direct Investment proposals following recommendations from the investment promotion body, providing administrative clearance for multiple inbound investments and permitting foreign capital entry under the prevailing procedural framework as recorded in the official press release.

Product classification of quilts dictates excise exemption eligibility; handicraft status may preserve relief or invite retrospective liability.
Classification of quilts and quilted bedspreads was revised by the revenue authority to a non-textile heading, removing their eligibility for a general exemption; this reclassification exposes manufacturers to excise liability for the period previously covered. A separate exemption for handicraft items may apply if these products, often produced with significant manual stitching by specialist labour, qualify as handicraft, otherwise manufacturers face current and potential retrospective excise demands.

Job work valuation: transaction value governs excise liability, replacing routine cost-plus practices where rule conditions apply.
Payment liability for central excise on goods manufactured on a job work basis is to be determined by reference to the transaction value where conditions of the valuation rule are met, following insertion of Rule 10A. A departmental clarification reiterates that Rule 10A applies to job work manufacture and directs verification of field practices to ensure duty is paid according to the rule rather than by a cost-plus method.

Continuation of stimulus urged until robust growth is secured to support fragile global recovery and economy.
Continuation of fiscal stimulus is advised until the economy reaches a sustained seven per cent growth rate; concessions to industry enacted to address the global financial downturn should remain in place and stimulus moderation should be considered only after stronger growth is secured.

Trade contraction: exports and imports declined significantly year on year, narrowing the trade deficit and reflecting reduced oil and non oil demand.
India's merchandise trade contracted in August 2009 and for April-August 2009, with exports and imports falling year on year in dollar and rupee terms. Imports declined more steeply than exports, driven by large reductions in oil imports and substantial falls in non oil imports, which together narrowed the April-August trade deficit. The release provides provisional monthly and cumulative figures in dollars and rupees and notes that prior year figures are revised while current year figures are provisional.