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    Commerce Minister says trade initiatives to develop strong India-CLMV vertical within the ASEAN market at the 4th India – CLMV Business Conclave
    Doubling of SIDBI Fund of Funds Operations Focusing MSME and Startups
    BEL OFS got an enthusiastic participation both from retail and the non-retail investors including domestic institutional investors and foreign institu...
    Commerce Minister emphasizes the need to focus on Research, Standards and Aggregation to enhance Farmers income
    Ms. Suman Saxena takes charge as the Whole Time Member of the Insolvency and Bankruptcy Board of India (IBBI)
    Commerce Minister says sustainability of initiatives and programmes for empowerment of women is the biggest challenge
    Making Digital Payments a Mass Movement in India
    Cabinet approves Amending the Collection of Statistics Act, 2008 (7 of 2009)
    Agreement between India and Croatia on Economic Cooperation
    Central Government clarifies that there is no proposal in the Union Budget 2017-18 to levy 5% service tax on healthcare services
    Over 8 lakh people win ₹ 133 cr under digital payment scheme
    Chidambaram asks Jaitley to cut indirect taxes immediately
    Note-ban takes toll on IIP; Dec output shrinks 0.4%
    Probe Into Illegal Dumping of Rubber
    A fillip to NITI Aayog’s incentive schemes on Digital Payments promotion
    Profit/Loss making PSUS
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    Cashless Initiatives in Indian Railways
    Amitabh Kant launches India Innovation Index A joint initiative of NITI Aayog, DIPP and CII States will be ranked on innovations from 2017
    India Signs Financing Agreement with World Bank for US$ 201.50 Million for “Third Technical Education Quality Improvement Programme (TEQIP III)”
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    February 28, 2017
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    India CLMV trade partnership to deepen sectoral cooperation through a business conclave, exhibitions and strengthened investment links.
    The document promotes a targeted India-CLMV trade vertical under the Act East orientation, inviting CLMV governments and businesses to partner in strengthening manufacturing, value added agriculture, healthcare, skilling and renewable energy. It identifies specific sectoral verticals-organic produce from Myanmar, value added coffee and pepper from Vietnam, two and three wheeler exports to Lao PDR-and announces an India BSM cum exhibition in Myanmar to showcase pharmaceuticals, medical technology and health services as mechanisms to deepen market access and investment linkages.
    February 27, 2017
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    Fund of funds support for startups expands SIDBI-backed AIF approvals, accelerating venture investments and fund-of-funds disbursements.
    SIDBI manages government-supported fund-of-funds programmes, including a government-announced fund to be released across finance commission cycles, and other vehicles such as the India Aspiration Fund and ASPIRE. A Venture Capital Investment Committee advises on approvals; SIDBI conducts detailed appraisal and due diligence before formal sanctions and contribution agreements. Programmes operate as complementary schemes governed by specific guidelines, intended to mobilise private co-investment and support AIF investment cycles to increase deployment into startups and MSMEs.
    February 24, 2017
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    Disinvestment via Offer for Sale sees heavy investor subscription, resulting in substantial government proceeds from share sale.
    The Government offered 5% of its paid-up equity in BEL by Offer for Sale, allocating 89.34 lakh shares to non-retail investors and 22.34 lakh shares to retail investors with a fixed floor price and a retail discount on the cut-off. The non-retail tranche was subscribed 234% and the retail tranche 367%, producing an overall oversubscription and projected government receipt as stated in the press release.
    February 23, 2017
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    Research and standards for agriculture to stabilise production and guide policy coordination enhancing farmers' incomes.
    Prioritise agricultural research, standards and market aggregation to enhance farmers' incomes, with crop-specific research to identify alternatives and stabilise supply (noting tobacco and onion examples). Coordinate interministerial and central-state actions to align export and domestic trade policy and international standards, inviting stakeholder suggestions and centring farmer interests in all measures.
    February 22, 2017
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    Whole Time Member appointment expands regulatory oversight of insolvency, liquidation, data and capacity building programmes at the board.
    Appointment of Ms. Suman Saxena as Whole Time Member of the Insolvency and Bankruptcy Board of India places her in charge of the Research and Regulation Wing-covering Corporate Insolvency, Corporate Liquidation, Individual Insolvency, Individual Bankruptcy, Research and Publications, Data Management and Dissemination and Advocacy-and of the National Insolvency Programme, Continuing Professional Programme, and Knowledge Management and Partnership.
    February 21, 2017
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    Sustainability of women's empowerment initiatives requires integrated economic programmes and concurrent safety and legal measures to secure lasting impact.
    Sustainability of initiatives for women's empowerment is the principal challenge, requiring conversion of short term momentum into durable programmatic outcomes through sustained funding, institutional support and monitoring. Economic programmes - including entrepreneurship supports, cleaner energy access and financial inclusion - advance women's economic empowerment but must be complemented by concurrent non economic measures such as safety and legal protections to secure holistic and lasting benefits.
    February 21, 2017
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    Incentive schemes for digital payments use prize draws to boost consumer and merchant adoption through specified payment channels.
    Two centrally promoted incentive schemes deploy daily and weekly prize-draw mechanisms to promote adoption of designated digital payment instruments, with disbursement executed by the payment operator and outreach via organized mass events. Eligibility extends to consumers and merchants using specified channels including card, UPI/BHIM, USSD and Aadhaar-enabled services during a defined campaign period.
    February 16, 2017
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    Extension of central statistics jurisdiction strengthens national data collection and mandates nodal officers for coordination and duplication avoidance.
    Amendment extends the Collection of Statistics Act, 2008 to subjects in the Union and Concurrent Lists as applied to Jammu & Kashmir under the application order, addressing the legislative gap caused by the State's prior exclusion and parallel State legislation, and enables concurrent central jurisdiction on those matters.
    February 15, 2017
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    Economic cooperation agreement strengthens bilateral trade framework and renews cooperative mechanisms between India and Croatia.
    An Agreement on Economic Cooperation between the Governments of India and Croatia was signed to renew and establish a bilateral framework to promote and develop trade and economic relations, serving as continuity after the prior Trade and Economic Cooperation Agreement expired, and to consolidate governmental cooperation for sustained commercial engagement.
    February 14, 2017
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    Service tax on healthcare clarified as not proposed in the Union Budget, removing reported proposal concerns.
    The Central Government announced by press release that there is no proposal in the Union Budget 2017-18 to levy a service tax on healthcare services, countering reports circulating on social media and confirming that healthcare remains outside any new service-tax proposal.
    February 13, 2017
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    Digital payment promotion: prize-based schemes incentivise consumer and merchant transactions under Lucky Grahak and Digi-Dhan Vyapar.
    Promotion of digital payments through two short-term, prize-based schemes - Lucky Grahak Yojana for consumers and Digi-Dhan Vyapar Yojana for merchants - using periodic draws and DigiDhanMelas to allocate awards and accelerate merchant and consumer adoption within a fixed campaign period.
    February 13, 2017
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    Indirect tax cuts urged to revive consumption and production after demonetisation, with GST transition cited as timing factor.
    Immediate reduction of indirect taxes is urged to revive demand and production after demonetisation; the commentator criticises the 2017-18 budget as directionless, argues a broad-based cut before or even after the Budget-during the pre-GST window-would boost consumption and production, and acknowledges short-term revenue loss that could be offset if consumption increases.
    February 11, 2017
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    Demonetisation impact on industrial production causes sectoral contraction and sharp declines in consumer goods output.
    Demonetisation led to a 0.4% contraction in December IIP driven by a 2% decline in manufacturing, with 17 of 22 manufacturing groups in negative growth. Consumer durables and non durables contracted, producing an overall fall in consumer goods, while capital goods declined. By use based classification, basic goods and power grew and mining expanded, but intermediate goods contracted. The release links the December weakening to the cash shortage after withdrawal of high denomination notes and notes that year to date IIP growth remained nearly flat.
    February 8, 2017
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    Anti-dumping investigations target rubber imports to address alleged dumping and protect domestic industry through measures.
    DGAD initiates anti-dumping investigations on petitions by domestic industry alleging dumped rubber imports causing injury, aiming to eliminate injury and restore competitive parity. Current investigations cover Polybutadiene Rubber from multiple exporting countries petitioned by Reliance Industries Limited; Styrene Butadiene Rubber (1500 and 1700 series) from the European Union, Korea RP and Thailand petitioned by Indian Synthetic Rubber Pvt. Limited and Reliance Industries Limited; and specified rubber chemicals (TDQ, PX-13, MOR, MBTS) from the European Union and China PR petitioned by NOCIL Limited under formal DGAD notifications.
    February 8, 2017
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    Incentivising digital payments through consumer and merchant prize draws using RuPay, UPI, USSD and AePS.
    NITI Aayog's Lucky Grahak Yojana and Digi Dhan Vyapar Yojana incentivise consumer and merchant adoption of digital payments by entering eligible transactions using RuPay, BHIM/UPI, USSD *99# and AePS (from November 9, 2016 to April 14, 2017) into daily and weekly prize draws, with all such transactions remaining eligible for a Mega Draw on April 14, 2017; NPCI administers reward disbursement and organises Digi Dhan Melas for product demonstration and awareness.
    February 8, 2017
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    Winding up petition for a trading public sector undertaking while another firm pursues a revival plan under DPE guidelines.
    Six Central Public Sector Undertakings - MMTC Ltd., State Trading Corporation of India Ltd., STCL Limited, PEC Ltd., ECGC Limited and Indian Trade Promotion Organization - are trading PSUs; all are profit-making except STCL Limited, against which a winding up petition is pending, and PEC Ltd., which has incurred losses and has commissioned a consultancy study to prepare a Revival plan under Department of Public Enterprises guidelines.
    February 6, 2017
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    Merchant Discount Rate cap for debit card transactions limits merchant charges and promotes wider adoption of cashless payments.
    Commercial establishments registered as merchants must remit to the acquiring bank a portion of collections under a Merchant Discount Rate applicable to card transactions; the Government specifies a maximum MDR for debit card transactions to limit merchant charges and promote electronic payments.
    February 3, 2017
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    Cashless transactions promoted through deployment of POS machines prioritising PRS, UTS and parcel locations using GPRS.
    Policy to install 10,000 Point of Sale (POS) machines with a banking partner to expand cashless ticketing and freight payments, following reported high cashless uptake. Deployment will prioritise PRS locations, suburban UTS sites, parcel/goods cash accepting counters and other UTS points. The GPRS based POS units function without relying on the railway communications network, as stated in a ministerial written reply.
    February 2, 2017
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    State innovation ranking to benchmark and spur subnational innovation via a national online data portal.
    A national India Innovation Index will rank states on innovation using an online portal hosted by NITI Aayog that adapts Global Innovation Index methodology with added India-centric indicators. The portal will collate, update and disseminate state-level data in real time, serve as a central data warehouse to fill gaps for global indices, and be developed jointly by NITI Aayog, DIPP and CII in consultation with domestic and international stakeholders.
    February 2, 2017
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    Disbursement-linked financing: outcome-conditioned World Bank credit to improve technical education quality and governance across targeted regions.
    A Financing Agreement inaugurates a program to improve quality and equity in participating engineering institutes and to strengthen system-level governance and performance in specified states and territories. The project comprises two components - institution-level quality and equity interventions and system-level governance initiatives - and features disbursement-linked financing that conditions World Bank credit on achievement of specific outcomes, with a defined project closing date.

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