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    Union Commerce and Industry Minister Shri Piyush Goyal to attend G7 Trade Ministers’ Meeting in Osaka, Japan - Meet to discuss the current global ch...
    "5 MINS Sureshot profit" - SEBI Bans Mohammad Nasiruddin Ansari - Social Media Influencer/youtuber who provided stock recomendations under brand 'Baa...
    Union Minister of Commerce and Industry Shri Piyush Goyal attends 7th Future Investment Initiative in Riyadh, Saudi Arabia
    Cabinet Committee on Economic Affairs approves inclusion of Jamrani Dam Multipurpose Project of Uttarakhand under Pradhan Mantri Krishi Sinchayee Yoja...
    DPIIT notifies Quality Control Orders for ‘Copper Products’
    DPIIT notifies Quality Control Orders for ‘Drums and Tins’
    Union Minister of Commerce and Industry Sh. Piyush Goyal to attend 7th ‘Future Investment Initiative’ in Riyadh, Saudi Arabia
    Cabinet approves Green Energy Corridor (GEC) Phase-II – Inter-State Transmission System (ISTS) for 13 GW Renewable Energy Project in Ladakh
    Cabinet approves Minimum Support Prices (MSP) for Rabi Crops for Marketing Season 2024-25
    Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief due from 01.07.2023
    Union Minister of Commerce & Industry Shri Piyush Goyal releases a “Compendium of PM GatiShakti” to mark completion of two Years of PM GatiShakti ...
    Fourth G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting on 12-13 October 2023 culminates in Marrakech, Morocco
    G20 Finance Ministers and Central Bank Governors (FMCBGs) adopt Communiqué at fourth and final G20 FMCBG meeting in Marrakech, Morocco
    IBBI invites suggestions to simplify, ease and reduce cost of compliance of Regulations notified under the Insolvency and Bankruptcy Code, 2016
    Repayment of ‘8.20% OIL MKN GOISPL BOND 2023’
    Changes notified in Production Linked Incentive Scheme for White Goods (ACs and LED Lights)
    CCI approves acquisition of certain shareholding in Hitachi Astemo Ltd. by JICC-01 Limited Partnership and Honda Motor Co. Ltd. ; and acquisition of c...
    Directorate General of GST Intelligence (DGGI) carries out drives under Shramdaan and Jan Bhagidari, and Swachhta Hi Seva campaigns across India
    Union Commerce and Industry Minister Shri Piyush Goyal meets CEOs of leading companies of UAE, discusses their investment plans in India
    11th Meeting of the India-UAE High Level Joint Task Force on Investments
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    October 26, 2023
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    Supply chain resilience and sustainable trade advanced through ministerial outreach and bilateral engagements.
    Union Minister of Commerce and Industry will attend the G7 Trade Ministers' Meeting and outreach program under Japan's presidency, participating in ministerial sessions and bilateral meetings with G7 members, selected invitee countries, and international organisations. The outreach program will address Supply Chain Resilience and Trade and Sustainability, including environmental, development and digital aspects and prospects for the WTO Ministerial Conference, with the stated aim of confronting global trade and investment challenges through coordinated policy engagement.
    October 26, 2023
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    Social media influencer's paid courses and private trade calls deemed unregistered investment advice; assets impounded and trading restrained.
    Prima facie, the influencer operating as 'Baap of Chart' provided buy/sell recommendations and personalised trading guidance to paying subscribers through closed groups and paid courses, constituting investment advice for consideration rather than mere public education. Payments routed to bank accounts and related entities were identified as proceeds of the activity. On this basis interim directions restrained the principal noticees from holding out as investment advisers or dealing in securities, ordered impoundment of alleged unlawful gains into an escrow account with a regulatory lien, prohibited diversion or disposal of assets, and required withdrawal of public solicitations and furnishing of asset inventories.
    October 25, 2023
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    Investment cooperation advances through high level meetings and a chamber MoU to strengthen bilateral economic ties.
    Senior-level engagements at the 7th Future Investment Initiative advanced investment cooperation between India and Saudi Arabia through plenary addresses, a conclave on industrial policy, bilateral meetings with Saudi ministers and investment entities, and support for a Memorandum of Understanding between industry chambers, all framed within the Strategic Partnership Council to enhance economy and investment collaboration.
    October 25, 2023
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    Inclusion under PMKSY-AIBP provides central share funding for completion, enabling irrigation, drinking water and hydropower benefits.
    Inclusion under PMKSY-AIBP: Jamrani Dam Project has been approved for central financial support to complete construction of the dam, extension and renovation of canal systems and field channels, and related works to deliver irrigation, drinking water and hydropower benefits, with inter state cost and benefit sharing governed by an existing memorandum of understanding.
    October 23, 2023
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    Quality Control Order mandates BIS certification for specified copper products, prohibiting non certified manufacture, sale and storage after transition.
    Notification establishes a Quality Control Order making compliance with nine specified Indian Standards for copper products mandatory under BIS Conformity Assessment Regulations. The QCO will come into force six months after Gazette notification, with additional three month and six month implementation relaxations for small and micro industries respectively. Upon commencement, manufacture, storage and sale of non BIS certified listed copper products will be prohibited, and violations under the BIS Act, 2016 will attract imprisonment and escalating fines. The Order aims to improve manufacturing quality, curb substandard imports, prevent unfair trade practices and protect health and the environment.
    October 23, 2023
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    Quality Control Order for drums and tins mandates BIS certification, restricting manufacture and sale of non certified products.
    Notification establishes a Quality Control Order making specified Indian Standards for drums and tins mandatory, requiring BIS conformity for manufacture, storage and sale. The QCO takes effect six months after gazette notification, grants extended implementation timelines for small and micro industries, and exempts drums and tins imported when already filled. Noncompliance attracts penalties under the BIS Act, 2016, including imprisonment and escalating fines, and the QCO is intended to improve product quality, curb sub standard imports and support development of testing and quality infrastructure.
    October 23, 2023
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    Strategic partnership drives enhanced trade and investment cooperation through high-level participation in global investment forum engagements.
    The Union Minister will attend the 7th Future Investment Initiative to co-chair a conclave on industrial policy, meet senior ministers and investment leaders, engage global business CEOs and the expatriate business community, and pursue trade and investment linkages across priority sectors including AI, education, healthcare and sustainability within the framework of the Strategic Partnership Council to deepen economic cooperation and investment ties.
    October 18, 2023
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    Green Energy Corridor approval enables inter-state transmission for large-scale renewable integration in Ladakh and grid linkage.
    Cabinet approval authorises the Green Energy Corridor Phase II Inter State Transmission System for renewable generation in Ladakh, designates Power Grid Corporation as Implementing Agency, and requires VSC HVDC and EHVAC systems to link Pang and Kaithal terminals with the national grid, interconnect with the Ladakh grid and Leh-Alusteng-Srinagar route, and provide central financial assistance to support completion and grid integration.
    October 18, 2023
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    Minimum Support Prices increase to ensure remunerative farm returns and incentivise crop diversification and food security measures.
    The Government approved revised Minimum Support Prices (MSP) for all mandated rabi crops for marketing season 2024-25 to ensure remunerative returns and meet the Budget target of MSP at least 1.5 times the All-India weighted average cost of production, producing specified percentage margins over cost for each crop and aiming to incentivise crop diversification toward oilseeds, pulses and millets.
    October 18, 2023
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    Dearness allowance increase approved for central employees and pensioners, raising pension relief and impacting public finances.
    Approval is granted for an additional instalment of Dearness Allowance for Central Government employees and Dearness Relief for pensioners, increasing the existing rate with effect from the stated reference date under the accepted Central Pay Commission formula to compensate for price rise. The action applies to the identified employee and pensioner cohorts and produces a recurring fiscal impact on the exchequer due to the upward revision of pay and pension entitlements.
    October 14, 2023
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    Infrastructure planning modernized through GIS-driven integration, accelerating surveys and reducing governance and environmental risks in project delivery.
    PM GatiShakti is a centralized, data-driven infrastructure planning platform integrating multiple data layers on GIS maps to streamline decision-making, accelerate digital surveys and detailed surveys, increase planning throughput across expressways, railways, energy corridors and pipelines, enhance visibility of connectivity points, mitigate investment and governance risks, reduce environmental impact during route selection, and promote Next Generation Infrastructure and Ease of Doing Business.
    October 14, 2023
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    Strengthening Multilateral Development Banks: endorsing expert recommendations to mobilise private capital and enhance MDB capacity for global challenges.
    G20 Finance Ministers and Central Bank Governors endorsed the G20 Independent Expert Group report on strengthening Multilateral Development Banks, emphasising mobilisation of private capital through enabling conditions and risk-sharing instruments, exploring options to boost MDB financial capacity including potential capital increases, and encouraging system-wide MDB cooperation; they called for further deliberations and steps toward implementation under subsequent presidencies.
    October 13, 2023
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    Multilateral development bank reform urged to mobilize private capital and strengthen financial capacity; global crypto roadmap adopted.
    The G20 FMCBG Communique endorses strengthening multilateral development banks by urging private capital mobilisation, enhancing MDB financial capacity via capital adequacy framework implementation and potential capital increases, and promoting MDBs working together as a system; it also adopts a G20 Roadmap on crypto assets to coordinate global policy, devise regulatory and mitigation strategies, and address implications for Emerging Markets and Developing Economies.
    October 13, 2023
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    Regulatory simplification: call for suggestions to ease and reduce compliance costs under insolvency regulations and streamline review
    Invitation for suggestions to simplify, ease and reduce compliance costs of regulations under the Insolvency and Bankruptcy Code, 2016, with comments to be submitted online through the Board's consultation portal. The process follows the IBBI (Mechanism for Issuing Regulations) Regulations, 2018, and an announced dual-review mechanism comprising Annual Review and Triennial Review, the former conducted after public comment and the latter assessing regulations against intended objectives and outcomes.
    October 11, 2023
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    Bond repayment at par on maturity; holders must provide bank details for electronic credit or tender securities early.
    Outstanding principal of the 8.20% OIL MKN GOISPL BOND 2023 is redeemable at par on the maturity date with no interest payable thereafter; if a State Government holiday occurs under the Negotiable Instruments Act, repayment in that State will be made on the preceding working day. Payment to the registered holder will be by pay order incorporating bank particulars or by electronic credit to a bank account able to receive funds; holders must submit bank account particulars in advance. Absent such particulars, holders may tender discharged securities at Public Debt Offices, Treasuries/Sub Treasuries, or specified bank branches twenty days before maturity to enable repayment.
    October 11, 2023
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    Cost-Plus pricing adoption replaces CUP for captive and intra-group supplies, altering arm's length pricing and investment eligibility.
    The PLI Scheme for White Goods amends operational rules: adopts the Cost-Plus method for captive and intra-group pricing with a revised arm's length definition; treats tool rooms for moulds and dies as eligible capital investment; extends the notification period by one year for additional manufacturing facilities; revises claim submission and excess incentive refund timelines where statutory compliance discrepancies arise; and provides for administrative site visits, bank guarantee rollover, and updates to scheme annexures to streamline implementation and compliance.
    October 10, 2023
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    Competition approval granted for automotive components and electric motor systems acquisitions consolidating shareholdings and governance rights.
    The Competition Commission of India approved a proposed combination comprising JICC-01 Limited Partnership's acquisition of 20% voting rights in Hitachi Astemo Ltd. with certain control rights and board representation; Honda Motor Co. Ltd.'s acquisition of an additional 6.6% voting rights in Hitachi Astemo Ltd. resulting in Honda holding 40% of voting rights; and Hitachi Astemo Ltd.'s acquisition of 49% shareholding in Hitachi Astemo Electric Motor Systems resulting in Hitachi Astemo Ltd. holding 100% of HAEMS.
    October 9, 2023
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    Environmental cleanliness campaign mobilises agency units for nationwide cleanups and commits to disposal of obsolete records and e-waste.
    Directorate General of GST Intelligence conducted nationwide cleanliness and public-engagement drives mobilising its Sub National, Zonal and Regional Units to clean public and office spaces, promote tree plantation and reduce single-use plastics, and committed under Special Campaign 3.0 to disposal of old records, obsolete goods including e-waste, and condemned vehicles.
    October 7, 2023
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    Investment facilitation: government support for UAE companies expanding into India and deeper food-sector trade ties.
    Government commitment to investment facilitation was reaffirmed when the Union Minister met UAE corporate leaders to discuss their India investment plans and promote bilateral economic ties, while separate engagements advanced food-sector trade and supply-chain cooperation with GCC countries and Egypt, and outreach to Indian chartered accountants in the UAE aimed to support professional contributions to India's development agenda.
    October 5, 2023
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    Comprehensive Economic Partnership Agreement implementation advances, paired with accelerated bilateral investment treaty talks and new mechanisms to facilitate cross border investment.
    Review of implementation of the Comprehensive Economic Partnership Agreement emphasised tariff reductions, expanded non oil trade and the Joint Task Force's role in sustaining market access. Parties agreed to accelerate Bilateral Investment Treaty negotiations, promote incentives for UAE sovereign investment into Indian priority sectors, and strengthen a Fast Track Mechanism to facilitate Indian investment into the UAE. Operational initiatives include the India UAE Start Up Bridge, the Abu Dhabi-India Virtual Trade Corridor for paperless trade, progress on a food security corridor, and institutional arrangements including an industry and advanced technology MoU and a domestic card scheme partnership.

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