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    India calls for restoration of Appellate Body and Dispute Settlement Reforms at ongoing WTO Ministerial Conference-13 in Abu Dhabi
    Triple track of strong macroeconomic fundamentals, infrastructure push and social welfare powering India’s growth: Sh. Goyal
    WTO negotiation session on Fisheries Subsidies held at ongoing Abu Dhabi Ministerial Conference-13
    WTO negotiation session on Agriculture held at ongoing Abu Dhabi Ministerial Conference-13
    Domestic Regulations on Services: A Big Win for Multilateralism
    PFRDA notifies amendments to Retirement Adviser (RA) regulations for Good Governance and ease of compliance
    ‘Startup Mahakumbh’ is reflective of India growth story: Sh. Goyal
    India opposes fragmentation of multilateral trading system and inclusion of non-trade topics at WTO MC13
    Government of India approves interest free Loan to FCV Tobacco growers in Andhra Pradesh
    NICDC and IIT Delhi sign MoU to Collaborate on Assessment of Location Optimality for the National Industrial Corridor Development Programme using PM G...
    GeM carries out registration drive to increase its MSME seller base in Karnataka
    Press Brief on the G33 Trade Ministers Meeting in Abu Dhabi preceding the MC 13- 25 Feb 2024
    Procurement of services through GeM grows from nearly ₹8,500 crore in FY21 to nearly ₹1,82,000 crore in FY24 (up to 22nd February 2024); m...
    India does not rush into trade negotiations, follows careful and calibrated approach: Sh. Piyush Goyal
    CCI approves acquisition of up to 8.79% (approx.) of equity share capital of Pricol Limited by Minda Corporation Limited
    3rd Meeting of ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee, 16-19 February 2024
    Financial assistance for rubber sector raised by 23% to Rs 708.69 crore for FY24-25 and FY25-26
    India on track to become $35 trillion, fully developed economy by 2047: Shri Piyush Goyal
    Government will appoint Member to the 16th Finance Commission in lieu of Dr. Niranjan Rajadhyaksha
    Ministry of Defence records ₹1 lakh crore total order value on Government e-Marketplace since portal’s inception
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    February 28, 2024
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    Restoration of the Appellate Body urged to secure a credible, inclusive and formalized dispute settlement reform process.
    Restoration of the Appellate Body is the principal objective, with India urging transition of reform talks into WTO formal bodies under Dispute Settlement Body guidance, and demanding a genuinely multilateral, member-driven, open, transparent and inclusive process that permits new proposals, yields consensus-based texts, accommodates hybrid participation, and prioritises the Appellate Body's reinstatement.
    February 28, 2024
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    Manufacturing promotion as national strategy to expand production, integrate into global value chains and boost exports and jobs.
    Policy statement emphasising a tripartite strategy of macroeconomic strength, infrastructure expansion and social welfare to drive growth and advance a manufacturing promotion agenda. It seeks to expand domestic production footprints, integrate India into global value chains, and position the country as a preferred investment and sourcing destination, while targeting sectoral development in renewable energy, automobile and auto components, electrical and electronic goods, construction manufacturing, shipbuilding and semiconductors to boost exports, capacity and job creation.
    February 28, 2024
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    Fisheries subsidies discipline urged to protect small-scale fishers and include CBDR RC and special treatment provisions.
    WTO fisheries-subsidy disciplines should balance sustainability with fisher livelihoods by applying Common But Differentiated Responsibilities and Respective Capabilities and Special and Differential Treatment, assessing subsidy intensity relative to EEZ size and small-fisher populations rather than aggregate values, and extending disciplines to non-specific fuel subsidies, transfer-of-rights payments including G2G arrangements, and subsidies by distant-water fishing nations while protecting sovereign rights under UNCLOS.
    February 28, 2024
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    Public Stockholding must be permanently resolved to safeguard food security and protect Special and Differential Treatment.
    India urged finalization of a permanent solution to Public Stockholding at MC13, recalling mandates from Bali, the General Council and Nairobi, and emphasised prioritising food security and livelihoods over exporters' trade interests. It noted broad co sponsorship by G33, ACP and African Groups, highlighted large notified disparities in domestic support and called for a level playing field for low income farmers. India proposed a sequential approach: first deliver the PSH solution; then protect treaty embedded Special and Differential Treatment in the Agreement on Agriculture; and subsequently address domestic support reductions beginning with elimination of massive per capita subsidies.
    February 28, 2024
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    GATS Article VI:4 multilateral approval secured for certification of updated services domestic regulation commitments, preserving WTO process.
    India objected to certification of updated GATS schedules on the ground that development of domestic regulation disciplines is vested in the Working Party on Domestic Regulations under GATS Article VI:4. India required confirmations that certification would not create precedent for incorporating Joint Statement Initiative outcomes, that additional commitments remain subject to multilateral disciplines, and that such commitments would be MFNised without affecting rights or obligations of other Members. The WPDR reviewed and concurred with the procedural path and understandings, after which India withdrew its objections.
    February 27, 2024
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    Regulatory eligibility expansion for retirement advisers streamlines registration, removes security deposit, and mandates expedited disposal.
    The Retirement Adviser amendments expand eligibility to non individual applicants regulated by other financial regulators, eliminate the requirement for a security deposit, and mandate expedited processing of registration applications within a specified short period to simplify compliance and reduce costs.
    February 27, 2024
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    Startup Mahakumbh highlights Bharat Innovates theme and launches a national startup registry to boost district-level participation.
    Startup Mahakumbh establishes an annual national platform emphasising the Bharat Innovates theme, launches the Bharat Startup Ecosystem Registry with a website and logo, and seeks to aggregate diverse regional startup footprints. DPIIT is urged to enable district-level representation through financial and logistical support so that at least one startup from each district participates, while promoting youth entrepreneurship and leveraging national MICE infrastructure to scale the event and connect grassroots innovation to broader economic growth.
    February 27, 2024
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    Multilateral trade integrity: Opposition to mixing non trade topics in trade negotiations to prevent fragmentation and preserve policy space.
    India opposed inclusion of non trade topics in multilateral trade negotiations, warning that mixing issues like gender and environmental measures with trade rules risks trade fragmentation and trade distortive subsidies. It stressed the need for policy space and flexibility in existing WTO agreements to address industrialization constraints of developing countries, advocated that inclusion issues be dealt with by national measures and relevant international fora, and highlighted domestic initiatives using digital public infrastructure while reaffirming commitment to a rules based multilateral trading system.
    February 26, 2024
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    Interest-free loan and penalty waiver enable tobacco growers to sell damaged or excess FCV crop via auction platform.
    Approval of a one-time interest-free loan from the Grower Welfare Fund for Andhra Pradesh FCV tobacco growers affected by cyclonic rains, recoverable from their 2023-24 auction sale proceeds; and a permissive authorization for sale on the Tobacco Board auction platform for Karnataka growers with a waiver of penalties on excess and unauthorized production for the 2023-24 crop season only.
    February 26, 2024
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    Location optimality assessment to guide greenfield industrial smart city planning using PM GatiShakti data-driven framework.
    A Memorandum of Understanding creates a collaboration between NICDC and FITT IITD to assess location optimality for Greenfield Industrial Smart Cities using PM GatiShakti's spatial and analytical tools; FITT IITD will evaluate factors such as ease of business, logistic costs, multi modal connectivity, ease of living, living costs, industry potential, raw material availability and sustainability, and produce a comprehensive report to guide future urban and industrial planning decisions.
    February 26, 2024
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    Public procurement access expanded for MSMEs through digital onboarding, buyer engagement and expedited collateral-free credit.
    GeM conducted a Karnataka-focused registration and onboarding drive linking Central and State PSU buyers with local MSE sellers to expand participation in public procurement. The campaign provided live digital onboarding integrated with the Udyam portal, on-the-spot redressal, and buyer-seller interactions to clarify procurement needs. GeM promoted inclusion of marginalised seller groups and announced GeM Sahay 2.0 to provide expedited collateral-free loan access to address working-capital constraints.
    February 26, 2024
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    Public stockholding for food security seeks ministerial conference decision to secure a permanent solution and separate safeguard mechanism.
    The G33 urged a permanent solution to public stockholding for food security through text-based negotiations informed by a joint proposal and India's textual inputs, which produced a COASS Chair's text for ministerial consideration. The group emphasized food security as a non-trade concern and cited national PSH programmes' role in protecting vulnerable populations. Ministers also demanded advancement of a Special Safeguard Mechanism as a distinct mandated deliverable, opposing any linkage to market access, and called for united advocacy at the ministerial conference.
    February 23, 2024
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    Services procurement on GeM now dominates procurement value, driven by digital categories and competitive e bidding efficiencies.
    GeM's expanded digital procurement platform and dedicated service categories have caused services procurement to surpass goods procurement in value; adoption of e bidding, reverse auction and modular service offerings (including insurance, chemist empanelment, sanitation, consultancy and event management) has produced cost efficiencies and enabled large scale and programmatic procurements by central and state buyers and urban local bodies, thereby integrating services into mainstream public procurement and improving buyer capability and service delivery.
    February 23, 2024
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    Carbon Border Adjustment Mechanism concerns to be pursued within WTO rules and bilaterally with EU.
    India adopts a cautious, consultative approach to trade negotiations to ensure Free Trade Agreements are fair and balanced, emphasising stakeholder and inter-ministerial consultations. India will seek to preserve WTO guiding principles at the ministerial, oppose inclusion of non-trade issues, and pursue institutional reforms. The government identified the Carbon Border Adjustment Mechanism as a concern to be addressed within WTO rules and bilaterally with the EU while aiming to turn challenges into opportunities through domestic reforms and competitiveness measures.
    February 20, 2024
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    Merger control: Competition approval granted for minority share acquisition affecting automotive component supply to OEMs and Tier 1 suppliers.
    Approval by the Competition Commission of India is recorded for Minda Corporation Limited to acquire up to 8.79% of the equity share capital of Pricol Limited, a minority equity acquisition; both parties operate in the automotive components sector supplying OEMs and Tier 1 suppliers, and the detailed CCI order will follow.
    February 20, 2024
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    AITIGA review advances negotiations to update market access, rules of origin and standards to enhance trade facilitation.
    The Joint Committee convened its third meeting to assess progress under the structured review of the ASEAN-India Trade in Goods Agreement (AITIGA), receiving reports from eight Sub-Committees on market access, Rules of Origin, and standards, technical regulations and conformity assessment procedures, updating the review work programme, identifying focus areas for further deliberations, and providing guidance to advance the negotiations.
    February 19, 2024
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    Financial assistance increase for natural rubber sector expands planting, nursery support and digitization to benefit growers.
    The programme raises assistance under the Sustainable & Inclusive Development of Natural Rubber Sector for 2024-25 and 2025-26, increasing per hectare planting aid, supplying planting material, promoting sponsored nurseries, and providing targeted planting support for SC growers in non traditional areas. It funds productivity interventions (rain guarding, plant protection), formation of circa 250 Rubber Producers Societies and 1,450 farmer clusters, grants for RPS equipment and mechanisation, construction and modernisation of Group Processing Centres, research into clones, Board digitisation and regional training institutes, and worker welfare measures.
    February 19, 2024
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    Economic development ambition: Government aims to make India a fully developed economy by mid-century and ensure food and energy security.
    The government's stated objective is to make India a fully developed economy by 2047 by substantially expanding the national economy and ensuring food and energy security. This objective is presented as supported by macroeconomic measures including strengthened foreign exchange reserves, favourable currency performance, reduced inflation, controlled interest rates, and targeted welfare policies in food, healthcare and education to sustain inclusive growth.
    February 19, 2024
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    Appointment of Member: replacement to be made after a nominated member declines to serve on the Finance Commission.
    A notified Member of the 16th Finance Commission declined the appointment due to personal reasons, and the government will take administrative action to appoint a replacement Member to fill the resultant vacancy.
    February 14, 2024
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    Public procurement via GeM increases defence sourcing transparency and MSE participation, enhancing cost effective government purchases.
    Public procurement through the Government e Marketplace (GeM) is the principal procurement channel for the Ministry of Defence, which has recorded total order value through GeM above one lakh crore and executed over 5.47 lakh orders; the MoD awarded a large share of transactions via GeM and applies demand aggregation to secure cost effective procurement. The portal advances inclusion by directing a majority share of orders to Micro and Small Enterprises and enables Defence PSUs to both procure and sell on GeM, extending procurement reach into remote regions.

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