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    Extension of Emergency Credit Line Guarantee Scheme through ECLGS 2.0 for the 26 sectors identified by the Kamath Committee and the healthcare sector
    Shri Piyush Goyal stresses upon the need to re-think, re-orient & re-design practices and processes for the further progress of the Gems & Jewellery i...
    UNDP and Invest India launch the SDG Investor Map for India
    Cabinet approves the Memorandum of Understanding between the Institute of Chartered Accountants of India(ICAI) and the Vereniging van Registercontroll...
    Cabinet approves FDI of ₹ 2480.92 crore in M/s. ATC Telecom Infrastructure Private Limited by M/s. ATC Asia Pacific Pte. Ltd.
    Shri Piyush Goyal has called upon the Indian industry to focus on improving Quality and Productivity
    CCI approves acquisition by Reliance Retail Ventures Limited (“RRVL”), Reliance Retail and Fashion Lifestyle Limited (“RRVL WOS”)of the retail...
    Payment of ‘11.60% Government Stock 2020’
    Repayment of ‘Government of India Floating Rate Bonds (FRB)2020’
    India will play an important role in ensuring cost-effective and innovative healthcare solutions for future: Shri Piyush Goyal
    $120 million loan signing between Government of India and the World Bank for the implementation of Meghalaya Integrated Transport Project (MITP)
    DIPAM signs an agreement with World Bank for advisory services on Asset Monetization
    Repayment of ‘8.12% Government Stock 2020’
    Last date for filing applications under Sabka Vishwas (Legacy Dispute Resolution) Scheme extended to 31st December, 2020 for UT of Jammu & Kashmir and...
    Presentation of details under Aatmanirbhar Bharat Package 3.0 to support Indian economy in fight against COVID-19 as announced by Union Finance & Corp...
    CCI approves acquisition of 7.73% equity share capital of Jio Platforms Limited by Google International LLC
    Shri Piyush Goyal invites the global investors to invest in India
    The 15th Finance Commission submits its Report for 2021-22 to 2025-26 to the President of India
    Corrigendum - Arbitration and Conciliation (Amendment) Ordinance, 2020
    Arbitration and Conciliation (Amendment) Ordinance, 2020.
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    November 27, 2020
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    Emergency Credit Line Guarantee Scheme extension allows additional collateral free GECL funding for eligible sector borrowers with specified credit vintage.
    ECLGS 2.0 extends collateral free Guaranteed Emergency Credit Line support to the 26 Kamath Committee sectors and healthcare, for borrowers with outstanding credit above fifty crore and up to five hundred crore as on 29.02.2020 who were not more than thirty days past due; additional funding up to twenty percent of total outstanding credit is available, fully guaranteed, with a five year tenor and a twelve month principal moratorium. ECLGS 1.0 is also extended to entities with fund based credit up to fifty crore previously excluded for exceeding the turnover ceiling; other terms remain unchanged and operational guidelines have been issued.
    November 26, 2020
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    Self-reliance in gems and jewellery: push for MSME support, technology adoption and export-led quality enhancement.
    Reorientation of industry practices is urged to advance national self reliance in the gems and jewellery sector by prioritising technology adoption, innovation, skill development and enhanced quality and productivity. The Government expresses readiness to engage with the industry to support MSMEs through joint participation with industry associations to facilitate marketing, access to low cost finance, logistics and to consider suggestions on duties, SEZs, tax refunds and financing to promote exports, check leakages and encourage orderly sectoral behaviour.
    November 26, 2020
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    SDG investment mapping highlights investable opportunity areas balancing commercial returns with development impact and public private alignment.
    The SDG Investor Map identifies 18 Investment Opportunity Areas across six SDG-enabling sectors, classifying ten as mature, eight as emerging, and eight "White Spaces" that could mature with policy support within a five- to six-year horizon. It highlights short- to medium-term investment timeframes and historical returns that signal commercial viability, and maps overlaps between public priorities and private interest to guide coordinated public support and private-sector participation in IOAs that advance job creation, inclusion, digital delivery, and scalable development impact.
    November 25, 2020
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    International accountancy cooperation expands through an MoU enabling joint technical events and professional exchanges between institutes.
    Cabinet approval authorises signing of a Memorandum of Understanding between the Institute of Chartered Accountants of India and the Vereniging van Registercontrollers, Netherlands to establish a formal framework for bilateral cooperation in accounting, finance and audit, including joint technical events, cooperation on member management, professional ethics, technical research, continuing professional education, accountancy training and institutional capacity building.
    November 25, 2020
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    Foreign direct investment approval increases investor's stake in telecom infrastructure after exercise of a put option.
    Approval was granted for M/s ATC Asia Pacific PTE Limited to acquire a minority equity stake in M/s ATC Telecom Infrastructure Private Limited following exercise of a put option by Tata entities, increasing the acquirer's cumulative foreign investment in the company. The approval is situated within the telecom sector framework where FDI up to 100% is permitted, with up to 49% via the automatic route and any excess requiring government route approval subject to licensing and security conditions by the Department of Telecommunications.
    November 24, 2020
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    Quality and productivity urged as strategic priorities to boost industry competitiveness and convert crisis into opportunity.
    Directive urging industry to prioritise quality and productivity, with industry associations asked to hold sectoral or regional brainstorming days to promote knowledge sharing and focused action plans. The Minister related improved corporate profitability to pandemic-era adjustments and framed quality and productivity as tools to convert crisis into opportunity. The statement also stresses maintaining health precautions, records that government will examine association suggestions before responding, and situates the interaction within an ongoing post Covid consultation series involving multiple departments.
    November 21, 2020
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    Competition approval for acquisition of Future Group retail, wholesale and logistics undertakings enables transfer to Reliance Retail entities.
    CCI grants competition approval under Section 31(1) for RRVL and its wholly owned subsidiary to acquire the retail and wholesale undertaking and the logistics and warehousing undertaking of FEL after the amalgamation of several Future Group entities into FEL; the transferred businesses comprise pan India retail, wholesale, logistics and warehousing operations across segments such as food and grocery, apparel, footwear, consumer electronics and other merchandise.
    November 20, 2020
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    Payment of Government Stock due; maturity paid by electronic credit or pay order; holders must provide bank mandate in advance.
    Repayment of the Government stock is payable on the effective date shown; if a State holiday under the Negotiable Instruments Act falls on that date, repayment in that State is made on the previous working day. Maturity proceeds to registered holders in SGL/CSGL or by Stock Certificate are payable by pay order with bank particulars or by credit to a bank account able to receive electronic funds; holders must submit bank account particulars or an electronic mandate in advance, or tender duly discharged securities at designated paying offices twenty days prior to the due date to facilitate repayment.
    November 20, 2020
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    Repayment of government floating rate bonds repayable at par on maturity; holders must provide bank details for electronic credit.
    Outstanding GoI Floating Rate Bonds 2020 are repayable at par on the maturity date and stop accruing interest thereafter. Payments will be made by pay order with bank particulars or by electronic credit under sub regulations 24(2) and 24(3) of the Government Securities Regulations, 2007. Holders must submit bank account particulars or an electronic mandate in advance; absent those, holders may tender duly discharged securities at Public Debt Offices, Treasuries/Sub Treasuries, or specified bank branches twenty days before the due date to obtain repayment.
    November 20, 2020
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    Vaccine access: India commits to affordable, cost effective solutions and public private partnerships for equitable delivery globally.
    The statement affirms a government commitment to ensure affordable vaccine access and cost effective, innovative healthcare solutions through public private partnership to secure availability, last mile connectivity and delivery of COVID healthcare and vaccines to the population and less developed countries, emphasising affordability for the poor as a collective responsibility.
    November 19, 2020
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    Project financing for Meghalaya transport upgrades secures international loan to improve climate-resilient roads and connectivity.
    A multilateral loan and project agreement between the Government of India, the Government of Meghalaya and the World Bank finances the Meghalaya Integrated Transport Project to upgrade about 300 km of strategic roads and stand-alone bridges using climate-resilient, nature-based and innovative techniques such as precast bridges. The IBRD loan has a long tenor with a grace period; the project supports state implementation, restoration of transport services, regional connectivity objectives and substantial direct employment generation.
    November 17, 2020
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    Asset monetization advisory: World Bank-led support to accelerate unlocking value of non-core public assets for fiscal resource mobilisation.
    The World Bank will advise DIPAM on asset monetization of non-core public assets by benchmarking institutional and business models against international best practices, developing operational guidelines, and building implementing capacity to accelerate monetization of surplus or marginally used assets and augment public financial resources.
    November 12, 2020
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    Government stock repayment requires a bank mandate or pay order; submit account details or tender securities for payment.
    Repayment of maturing Government stock will be made on the effective date, with no interest accrual from the scheduled repayment date; if a State holiday under the Negotiable Instruments Act falls on the effective date, repayment in that State will occur on the previous working day. As per Government Securities Regulations, 2007 (sub regs 24(2) and 24(3)), maturity proceeds to registered holders shall be paid by pay order incorporating bank account particulars or by electronic credit to a bank account with electronic receipt facility. Holders must submit bank account particulars in advance, or otherwise tender duly discharged securities at designated paying offices twenty days before maturity to obtain repayment.
    November 12, 2020
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    Sabka Vishwas scheme extension gives eligible taxpayers in the two Union Territories extra time to file legacy tax declarations.
    Extension of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 filing period to 31 December 2020 is granted for eligible taxpayers in the Union Territory of Jammu & Kashmir and the Union Territory of Ladakh, allowing them to settle legacy Central Excise and Service Tax disputes under the Scheme's terms. The Scheme provided for reduced payment of disputed tax (approximately 70%-40% depending on category) and full waiver of interest and penalty; detailed guidelines for the extension will be issued shortly.
    November 12, 2020
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    Atmanirbhar Bharat 3.0: employment EPF subsidies, expanded ECLGS credit guarantees, and production linked incentives for manufacturing.
    Atmanirbhar Bharat Package 3.0 provides targeted support through an employment subsidy under the Atmanirbhar Bharat Rozgar Yojana (central government pays specified EPF contributions for qualifying new and re employed workers for two years), an extension and expansion of the fully guaranteed, collateral free Emergency Credit Line Guarantee Scheme with ECLGS 2.0 for stressed sectors (additional credit up to 20% of outstanding and five year tenor), and production linked incentives across ten additional manufacturing sectors alongside allocations for housing, infrastructure financing, fertiliser subsidy, rural employment and procurement relaxations.
    November 12, 2020
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    Competition approval for Google's acquisition of minority equity in Jio Platforms under merger control, detailed order to follow.
    The Competition Commission of India approved the proposed acquisition by Google International LLC of a minority equity stake in Jio Platforms Limited under Section 31(1) of the Competition Act, 2002, treating the transaction as a notifiable combination. Google International LLC is described as a holding company and wholly owned subsidiary of Google LLC. Jio Platforms Limited is a subsidiary of Reliance Industries Limited offering digital, telecommunications and technology services. A detailed order will follow.
    November 11, 2020
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    Production-Linked Incentive scheme invites global investors to boost manufacturing, exports and private participation under supportive policy measures.
    The statement announces the Production-Linked Incentive (PLI) scheme for multiple key sectors to build manufacturing capacity, boost exports and promote self reliance, with the government committing to hand hold approved sectors over a five year period; it also identifies cluster development, logistics support and a Viability Gap Funding mechanism to attract private investment into social sectors, alongside broader sector liberalisation to welcome private capital.
    November 9, 2020
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    Finance commission recommendations submitted affecting intergovernmental fiscal devolution and grants, with state-specific and Union analyses.
    Submission of the Fifteenth Finance Commission Report for 2021-22 to 2025-26 setting out recommendations on vertical and horizontal tax devolution, local government grants, a disaster management grant, and performance incentives for States (power sector, DBT adoption, solid waste management); examining a possible dedicated funding mechanism for defence and internal security. The Report is organised in four volumes-main report and annexes, Union departmental analysis and roadmap, and State-specific fiscal assessments-and will be tabled in Parliament and placed in the public domain with an explanatory memorandum.
    November 6, 2020
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    Typographical correction: marginal heading in Arbitration and Conciliation amendment corrected to "Substitution."
    Corrigendum corrects a typographical error in the Gazette publication of the Arbitration and Conciliation (Amendment) Ordinance, 2020: the marginal heading to Section 3 mistakenly read "Subsitution" and is corrected to "Substitution"; the correction is confined to the published marginal heading and does not alter substantive provisions.
    November 5, 2020
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    Stay of arbitral awards in fraud or corruption cases: unconditional stay pending annulment challenge under court proceedings.
    The Ordinance amends the Act to require courts to grant an unconditional stay on enforcement of an arbitral award where a prima facie case shows the arbitration agreement, contract, or making of the award was induced or effected by fraud or corruption, applying retrospectively to specified earlier proceedings; it also provides that arbitrator accreditation norms shall be set by regulations and omits the Eighth Schedule.

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