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    PM’s ‘Panch-Pran’ to make India a developed country by 2047: Shri Piyush Goyal
    Commerce Minister asks business community to give primacy to products that are made in India
    CBDT extends due date for filing of TDS statement in Form 26Q for the second quarter of Financial Year 2022-23
    CCI imposes a monetary penalty of Rs. 936.44 crore on Google for anti-competitive practices in relation to its Play Store policies
    Shri Jaxay Shah nominated as the new Chairman of Quality Council of India
    Cabinet approves Minimum Support Prices for all Rabi Crops for Marketing Season 2023-24
    Office of Controller General of Patents, Designs and Trade Marks (CGPDTM) initiates open house dialogue for IP Fraternity under the directions of the ...
    Suggestions from Industry & Trade Associations for Budget 2023-24 regarding changes in direct and indirect taxes
    India offers the unbeatable combination of talent, scale and skill to the world: Shri Piyush Goyal
    Market Study on the Film Distribution Chain in India
    Annual rate of inflation based on all India Wholesale Price Index (WPI) number eases to 10.7% (Provisional) for the month of September, 2022 (over Sep...
    PM GatiShakti National Master Plan has the potential to save over Rs. 10 Lakh Crore annually by improving logistics efficiency: Shri Piyush Goyal
    CCI issues cease and desist order against Kraft Paper Manufacturers and their four associations for indulging in anti-competitive practices
    CCI issues cease and desist order against firms found guilty of bid rigging and cartelization in tender floated by Eastern Railway
    Repayment of ‘3.96% GS 2022’
    Union Commerce and Industry Minister invites businesses to locate to modern industrial townships like Aurangabad Industrial City
    Department for Promotion of Industry and Internal Trade (DPIIT) hosts Conference on B20 Indonesia Global Dialogue
    4th NICDC Investors' Roundtable Conference to be held in Mumbai today
    Department for Promotion of Industry and Internal Trade (DPIIT) asks businesses and citizens to flag issues faced in starting and running a business
    Artificial Intelligence to act as a catalyst in India's development journey and help realise goal of becoming a developed nation by 2047: Shri Goyal
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    October 29, 2022
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    National development pledge urges youth-led mobilisation, relying on welfare and infrastructure to elevate living standards.
    Prime Ministerial Panch-Pran sets a national development pledge to make India a developed country by 2047, urging youth to place India first while pursuing ambitions. The initiative relies on flagship welfare and infrastructure initiatives expanding access to food security, housing, sanitation, water, cooking fuel, road connectivity and digital services as instruments of social protection and livelihood sustainability.
    October 29, 2022
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    Prioritise made in India products to strengthen domestic manufacturing, employment and international trade opportunities for industry.
    The Commerce Minister urged businesses to prioritise domestically manufactured products to boost industry, manufacturing employment, and prosperity, endorsing consumer spending on local goods and support for artisans and entrepreneurs. He connected this policy emphasis to structural reforms and social programmes-sanitation, food security, healthcare, and water supply-that enable youth entrepreneurship. The Minister also called for nationwide awareness and access to subsidised sanitary napkins to prevent girl child school dropouts, and noted accelerated free trade agreement activity as an opportunity for Indian industry.
    October 27, 2022
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    Due date extension for TDS filing in Form 26Q allows later submission following CBDT guidance.
    CBDT granted a due date extension for filing TDS statements in revised Form 26Q for the second quarter, shifting the filing deadline from the original end-October date to end-November; announcement made by CBDT Circular No. 21/2022 in F.No.275/25/2022-IT(B) dated 27.10.2022.
    October 25, 2022
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    Abuse of dominance in app distribution: mandatory billing and anti steering rules found anticompetitive, prompting remedial measures.
    The Commission found that conditioning Play Store access on mandatory use of the Google Play Billing System and anti steering restraints imposed unfair and discriminatory conditions on app developers, denied market access to payment aggregators and rival payment processors, distorted incentives for technical development in in app payment processing, and amounted to leveraging dominance; it identified discriminatory treatment of Google's own apps and differing integration methods for UPI apps as additional anticompetitive conduct, and prescribed measures to permit third party billing, prohibit anti steering, ensure non discrimination, and require transparent data and fee policies.
    October 21, 2022
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    Chairmanship appointment at Quality Council of India signals leadership change to advance national quality and accreditation initiatives.
    Shri Jaxay Shah has been appointed Chairman of the Quality Council of India for three years from 21 October 2022, drawing on extensive industry leadership to further QCI's mandate. The outgoing Chairman's eight year tenure is credited with institutional growth, financial independence and expanded sectoral impact. QCI's core functions-national accreditation of testing, inspection and certification bodies, capacity building, third party assessments and a national quality campaign-are emphasized, along with its role in supporting flagship government schemes and quality related transformational projects.
    October 18, 2022
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    Minimum Support Prices increased for mandated Rabi crops, raising producer returns and supporting oilseed and pulse production.
    Approval of increased Minimum Support Prices (MSP) for mandated Rabi crops for Marketing Season 2023-24 raises guaranteed procurement prices and specifies per crop absolute MSP increases and returns over cost. The adjustments implement the policy objective of setting MSPs at least 1.5 times the All India weighted average cost of production, with cost defined to include paid out costs, imputed family labour, depreciation and interest on working capital. The announcement ties MSP changes to production strategies and supporting measures including seed minikits and the Digital Agriculture Mission.
    October 17, 2022
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    Open House IP Dialogue launched to solicit practitioner concerns and propose process changes strengthening the national IP ecosystem.
    Open House IP Dialogue established by the Office of the Controller General of Patents, Designs and Trade Marks creates recurring daily virtual sessions to collect practitioner, inventor and industry concerns, discuss suggested process changes and facilitate stakeholder-driven reforms to strengthen the national IP Innovation ecosystem, with public notice and broad participation.
    October 17, 2022
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    Budget 2023-24 suggestions: industry to submit justified proposals on direct and indirect tax changes with supporting data.
    Industry and trade associations are invited to submit justified proposals for changes in direct and indirect taxes for Budget 2023-24, including duty-structure changes, rates and tax-base broadening, with statistical support and quantified revenue implications; inverted duty structure corrections must include value-added details. GST-related requests are excluded from annual budget examination and Customs/Central Excise proposals must follow a specified format and Annexure-A data requirements, with electronic and hard-copy submission channels and a recommended deadline.
    October 17, 2022
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    Innovation and talent position India to meet global demand for affordable sustainable technologies, urging bold student ambition.
    India is framed as having a competitive combination of talent, scale and skill that enables it to supply affordable sustainable technologies globally. Demand for sustainability, energy efficiency and electric mobility creates large market opportunities that Indian innovation and manufacturing can address, underpinned by a vast aspirational domestic market and demographic dividend. Students are urged to pursue bold, long-term goals to contribute to national technological development during the next 25-year period.
    October 14, 2022
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    Competition concerns in film distribution prompt self-regulatory recommendations to curb bargaining imbalances and opaque revenue practices.
    The study identifies competition concerns from bargaining power imbalances, tying and opaque revenue-sharing in the film chain and recommends stakeholder-led self-regulatory measures: tailored contracting and aggregate revenue splits, cost-sharing for promotions, non-restrictive exhibition practices, immutable box office monitoring with independent audits, phased Virtual Print Fee phase-out with negotiated interim terms, prohibitions on association bans or boycotts, institutionalised dispute resolution, competition compliance education, and negotiation-friendly digital cinema agreements.
    October 14, 2022
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    Wholesale Price Inflation eases as WPI and Food Index moderation signals short term easing in price pressures.
    Annual wholesale price inflation moderated to 10.7% (provisional) in September 2022 with a month over month decline of -0.65%. The WPI Food Index fell from 176.0 to 175.2 and its annual inflation eased to 8.08%. Primary Articles and Manufactured Products registered month to month declines, Fuel & Power was near flat month to month but remained a major year on year contributor, and the provisional series was compiled at an 85.1% weighted response rate and is subject to revision.
    October 13, 2022
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    Integrated infrastructure planning drives synchronized multimodal connectivity to boost logistics efficiency and guide state interventions.
    PM GatiShakti National Master Plan establishes a unified platform mapping economic zones and multimodal connectivity to improve logistics efficiency and synchronize project implementation across Central Ministries, Departments and State Governments. Through a digital PMG Portal and inter ministerial coordination the Plan identifies and examines critical infrastructure gap projects-197 projects were screened across multiple sectors-and resolves inter ministerial issues to enable integrated, time bound infrastructure planning and optimized resource use.
    October 12, 2022
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    Anticompetitive agreements: cartel conduct among kraft paper associations led to a cease and desist order, with no monetary penalties.
    The Commission found coordinated conduct by regional associations and member mills constituting anti-competitive agreements to raise prices and create artificial shortages through collective shutdowns and directed communications. Documentary and testimonial evidence supported findings of price-fixing and supply restriction amounting to cartel conduct. Several parties applied for the lesser penalty mechanism; considering admissions, cooperation, MSME status and pandemic-induced distress as mitigating factors, the Commission issued a cease and desist order and did not impose monetary penalties.
    October 12, 2022
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    Cartelization and bid rigging found in railway procurement; cease and desist order issued without monetary penalties.
    CCI found eight suppliers guilty of cartelization and bid rigging in Eastern Railway axle bearings tenders, supported by emails, call records and statements, and noted two lesser penalty applicants. Considering MSME status, cooperative acknowledgment, COVID related economic stress and cessation of conduct after investigation began, the Commission issued a cease and desist order without imposing monetary penalties.
    October 11, 2022
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    Repayment of government security at par: holders must provide bank account details or tender securities for payment.
    The Government Security '3.96% GS 2022' is repayable at par on November 09, 2022 and interest will not accrue thereafter; if a repayment-day holiday is declared under the Negotiable Instruments Act, 1881, paying offices will repay on the previous working day. Payment of maturity proceeds to registered holders shall be by pay order or credit to the holder's bank account through electronic means per the Government Securities Regulations, 2007, and holders must submit bank account particulars in advance or tender discharged securities at designated paying offices 20 days before maturity.
    October 11, 2022
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    Industrial Smart Cities drive investment: integrated townships with digital single window approvals and coordinated infrastructure support.
    The central government is promoting Industrial Smart Cities like Aurangabad Industrial City as master planned investment nodes offering integrated infrastructure and sectoral clusters, supported by the National Single Window System for digital approvals, measures to reduce logistics costs, coordinated central-state infrastructure delivery under the National Industrial Corridor Development Programme, and institutional partnerships including MITL as a central-state joint venture with state incentive packages to attract investors.
    October 10, 2022
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    Policy representation: Indian industry perspectives aligned for Business twenty Indonesia recommendations ahead of summit through targeted dialogues.
    DPIIT hosted a conference bringing government sherpa representatives, senior officials and industry leaders together with Indonesian B20 delegates to align Indian industry perspectives with Business twenty Indonesia policy recommendations. Sectoral dialogues addressed Trade and Investment; Energy, Sustainability and Climate; Digitisation; and Finance and Infrastructure, enabling Indian responses to inform the B20 deliberative process and contribute to preparations for the B20 final summit.
    October 10, 2022
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    Greenfield industrial smart city investments spotlighted as conference seeks investor collaborations and project development opportunities.
    The 4th NICDC Investors' Roundtable promotes investment in greenfield industrial smart cities under the National Industrial Corridor Development Programme, showcasing four Maharashtra cities and facilitating investor-government collaboration. National Industrial Corridor Development Corporation, as a Special Purpose Vehicle, and MITL, highlighting AURIC as a flagship industrial township with planned textile and food parks and a convention centre, are presented as institutional drivers for manufacturing-led planned urbanization and project implementation.
    October 7, 2022
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    Decriminalization of minor offences encouraged to simplify business compliance and streamline permissions, filings, inspections, and incentives.
    Invitation for public suggestions to streamline regulatory and administrative processes affecting business formation and operation, including decriminalization of minor violations, simplification of permissions, renewals, filings, inspections, recordkeeping, online systems, and incentive procedures to reduce compliance burden and improve digital service delivery.
    October 7, 2022
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    Government use of AI to redesign public service delivery accelerates infrastructure and welfare program efficiency.
    The Government is integrating Artificial Intelligence into national platforms and public programmes to enhance efficiency and targeting of service delivery and infrastructure planning, using AI in logistics interfaces, infrastructure master planning, public procurement and e commerce enablement, and applying AI in welfare schemes to assess beneficiary needs, monitor fair price shop performance and analyse migrant mobility under a unified ration card framework.

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