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    April 28, 2017
    4th National Standards Conclave
    April 28, 2017
    The Minister of State (MoS) for Finance Shri Santosh Gangwar says that there is a need for creating awareness on pension at the grassroots level; expr...
    April 28, 2017
    Commerce and Industry Minister says mindset of the government is to make IPR(Intellectual Property Rights) policy more efficient
    April 25, 2017
    Online Statement Of Transaction (e-SOT) and the e-PRAN card launched for Atal Pension Yojana (APY) subscribers; More than 45 lacs subscribers to be be...
    April 25, 2017
    Establishment of Spices Farmers Producer Companies (SFPCs) in Arunachal Pradesh - Inauguration by Commerce and Industry Minister Smt. Nirmala Sitharam...
    April 25, 2017
    Launch of IPR Awareness Campaign for Schools
    April 24, 2017
    Commerce Minister reiterates that GeM is the most transparent, accountable and efficient public procurement portal
    April 24, 2017
    PM delivers closing remarks at 3rd Meeting of Governing Council of NITI Aayog
    April 24, 2017
    PM delivers opening remarks at 3rd Meeting of Governing Council of NITI Aayog
    April 22, 2017
    Consumers get a free hand on hotel service charge payout
    April 22, 2017
    Commerce and Industry Minister has said that Government believes in active sharing of ideas and responding to citizen’s queries
    April 21, 2017
    Service charge not mandatory; govt issues guidelines
    April 21, 2017
    World Bank Approves $ 375 Million Loan for Developing National Waterway-1
    April 21, 2017
    The Union Finance Minister holds a bilateral meeting with the US Commerce Secretary
    April 20, 2017
    Commerce and Industry Minister says Government will engage constructively with US and other countries to resolve the visa issues
    April 20, 2017
    Fin Min ratifies 8.65% rate on EPF: Labour Minister
    April 19, 2017
    Cabinet approves permission to avail external assistance by State Government entities from bilateral agencies for implementation of vital infrastructu...
    April 18, 2017
    Vijay Mallya arrested in UK by Scotland Yard, gets bail
    April 15, 2017
    Commerce and Industry Minister highlights the investment opportunities available in India to increase the contribution of manufacturing sector to 25% ...
    April 14, 2017
    BHIM-Aadhar –a digital payment platform launched by the Prime Minister on Ambedkar Jayanti in Nagpur
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    News
    All› News and Press Release › News and Press Release - 2017
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    April 28, 2017
    4th National Standards Conclave
    Show AI Summary
    Standards adoption must align industry and policy with global norms to secure market access and consumer safety.
    Promotion of adoption of Standards as a regulatory and trade instrument to align Indian industry and public policy with global norms is the principal objective, convening ministries, regulators, standards-setting and conformity assessment bodies and industry to eliminate differential domestic/export standards, integrate global standards into government initiatives, prevent unsafe or sub standard imports, and support domestic competitiveness through development of an Indian National Strategy for Standardization (INSS)
    April 28, 2017
    The Minister of State (MoS) for Finance Shri Santosh Gangwar says that there is a need for creating awareness on pension at the grassroots level; expresses satisfaction that the National Pension System (NPS) is gaining recognition
    Show AI Summary
    Pension awareness and expansion: NPS outreach measures and proposed auto enrolment to increase retirement income security.
    The communication emphasises expanding coverage of the National Pension System through mass awareness, financial literacy, online registration, lifecycle fund options and consideration of an auto enrolment mechanism by the Pension Fund Regulatory and Development Authority, targeting informal and seasonal workers and addressing barriers to sustainable pension participation.
    April 28, 2017
    Commerce and Industry Minister says mindset of the government is to make IPR(Intellectual Property Rights) policy more efficient
    Show AI Summary
    Intellectual property policy modernization: government stresses TRIPS compliant reform, school awareness, and incentives for enforcement.
    Government policy seeks to make intellectual property administration more efficient and speedier, affirming India's IPR framework is TRIPS compliant. The approach prioritizes a CIPAM led school awareness campaign to foster respect for innovation and introduces awards to encourage start ups to protect IP and to recognize police stations for IP enforcement; the National Intellectual Property Awards recognize strategic use of IPRs in commerce and industry.
    April 25, 2017
    Online Statement Of Transaction (e-SOT) and the e-PRAN card launched for Atal Pension Yojana (APY) subscribers; More than 45 lacs subscribers to be benefitted
    Show AI Summary
    Digital access to pension records enables APY subscribers to view transactions and obtain electronic PRAN cards for service updates.
    Electronic statement of transaction (e-SOT) and e-PRAN issuance allow APY subscribers to view and print account and transaction details by providing APY/PRAN or date of birth plus bank account information; service providers may access the tool for customer servicing and reprinted e-PRANs reflect updated subscriber demographics.
    April 25, 2017
    Establishment of Spices Farmers Producer Companies (SFPCs) in Arunachal Pradesh - Inauguration by Commerce and Industry Minister Smt. Nirmala Sitharaman
    Show AI Summary
    Farmer Producer Company formation for spice farmers launched to improve post harvest processing and market linkages.
    The pilot programme will form Spices Farmers Producer Companies to organize small and marginal spice growers into collectives for better price realization through aggregation, post-harvest management, primary processing, value addition, packing and organic certification. Each SFPC will comprise 500 members formed by 25 Farmer Interest Groups of 20 farmers each, combining organizational structuring with buyer-seller linkages and capacity building to empower farmers, especially women.
    April 25, 2017
    Launch of IPR Awareness Campaign for Schools
    Show AI Summary
    IPR awareness expands school outreach to nurture creativity through nationwide programmes, multilingual materials and interactive educational resources.
    Launch of a nationwide IPR awareness campaign for schools led by the Cell for IPR Promotion and Management with the International Trademark Association under the National Intellectual Property Rights (IPR) Policy, focusing on outreach to children to nurture creativity and implementing extensive programmes across urban and rural areas with translated regional materials; delivery mechanisms include interactive sessions, games, posters and distribution of kid oriented brochures.
    April 24, 2017
    Commerce Minister reiterates that GeM is the most transparent, accountable and efficient public procurement portal
    Show AI Summary
    Transparency in public procurement ensures lower rates and stronger accountability through the Government e Marketplace platform.
    Transparency in public procurement is asserted as the core principle of the Government e Marketplace (GeM), described as a transparent, accountable and efficient portal yielding savings. The Ministry denies irregularity allegations, attributes them to vested interests harmed by reduced use of traditional rate contracts, and records parliamentary communications contesting the complaints. GeM's operative features include public disclosure of procurement data, wider vendor access through removal of registration restrictions, checks preventing suppliers from charging above market or last procurement prices, and advisories/enforcement against delinquent suppliers.
    April 24, 2017
    PM delivers closing remarks at 3rd Meeting of Governing Council of NITI Aayog
    Show AI Summary
    State implementation of GST legislation urged to enable uniform taxation and efficient resource use across jurisdictions.
    States are urged to adopt and finalise GST legislative arrangements without delay and to work with the Union Government in coordinated mission mode planning. States should use the Government e Marketplace for procurement, adopt digital tools such as BHIM and Aadhaar to reduce corruption and save costs, and improve utilisation of funds like the District Mineral Fund, CAMPA and construction workers' welfare fund, with NITI Aayog tasked to prepare a roadmap for better use of these resources.
    April 24, 2017
    PM delivers opening remarks at 3rd Meeting of Governing Council of NITI Aayog
    Show AI Summary
    Cooperative federalism: GST and consultative State involvement underscore collaborative policy-making and fiscal devolution.
    Emphasis on collaborative federal governance through NITI Aayog as an idea driven policy platform where States and external experts contribute to policy design; State recommendations on centrally sponsored schemes and sharing patterns were accepted. The Prime Minister noted increased transfers to States with a reduced proportion tied to central schemes and a rise in untied funds, urged faster capital expenditure, supported earlier budget presentation to ensure timely fund availability, and framed GST as an example of cooperative federalism achieved by State consensus.
    April 22, 2017
    Consumers get a free hand on hotel service charge payout
    Show AI Summary
    Voluntary service charge: consumers may choose whether to pay service charge on hotel and restaurant bills.
    Guidelines declare service charge on hotel and restaurant bills voluntary, require a blank service charge column on bills for customers to decide the amount, prohibit establishments from pre-determining service charges, and permit consumers to file complaints where mandatory levies are imposed; guidelines will be sent to states, and the proposed Consumer Protection Bill would establish an authority with stronger enforcement powers.
    April 22, 2017
    Commerce and Industry Minister has said that Government believes in active sharing of ideas and responding to citizen’s queries
    Show AI Summary
    Grievance redressal mechanism via social media ensures timely response to citizen queries and encourages public use.
    A grievance redressal mechanism using a ministry-specific social media hashtag enables citizens to raise queries and complaints about the Ministry of Commerce & Industry; the service operates under a prescribed response timeframe, has addressed a substantial volume of interactions including matters pertaining to other ministries, and encourages continued public use.
    April 21, 2017
    Service charge not mandatory; govt issues guidelines
    Show AI Summary
    Service charge voluntary: customers decide on payment; mandatory levies may be complained of under consumer law.
    Service charge is voluntary and must be left to the discretion of the customer; bills should show a blank service charge column for customers to complete. Consumers subjected to mandatory levies may file complaints under consumer law. The ministry currently lacks power for stringent fines, but a proposed Consumer Protection Bill would establish an authority with enforcement powers. The guidelines will be sent to states for action.
    April 21, 2017
    World Bank Approves $ 375 Million Loan for Developing National Waterway-1
    Show AI Summary
    Infrastructure financing secures loan for inland waterway capacity upgrade, enabling multimodal terminals and navigation improvements.
    Approval of a major loan facilitates capacity augmentation of National Waterway 1 under the Jal Marg Vikas Project, funding construction of multi modal and inter modal terminals, a navigation lock, Ro Ro and ferry terminals, and vessel maintenance facilities, alongside performance based maintenance dredging to secure least assured depths, implementation of a River Information Service, and development of low draft cargo vessels for improved inland navigation.
    April 21, 2017
    The Union Finance Minister holds a bilateral meeting with the US Commerce Secretary
    Show AI Summary
    Work visa regime concerns raised; call to consider skilled professionals' contributions amid proposed regulatory tightening.
    The principal regulatory concern was potential tightening of the work visa regime in the United States; the Finance Minister emphasized the significant contributions of skilled Indian professionals to the US economy and urged that those contributions be considered by the US administration when evaluating or implementing changes to visa policy, seeking that any policy adjustments reflect bilateral economic interests and the role of skilled migration in supporting bilateral commerce.
    April 20, 2017
    Commerce and Industry Minister says Government will engage constructively with US and other countries to resolve the visa issues
    Show AI Summary
    Trade facilitation in services: government seeks multilateral study of India's WTO proposal and engagement to resolve visa issues.
    Government will engage constructively with the United States and other countries to resolve visa impediments and has submitted a proposal on Trade Facilitation in Services at the WTO seeking member study; domestic priorities include strengthening infrastructure, removing bottlenecks to support export growth, and implementing new measures to maintain youth competitiveness amid ongoing globalisation and currency volatility.
    April 20, 2017
    Fin Min ratifies 8.65% rate on EPF: Labour Minister
    Show AI Summary
    EPF interest rate ratified, enabling crediting to members' accounts and prompting policy alignment talks on savings rates.
    Ratification of the Employees' Provident Fund interest rate for 2016-17 authorises the retirement fund administrator to issue a formal notification and credit the trustee-approved rate into the accounts of over four crore subscribers, completing the approval chain and triggering the administrative steps to effectuate the return.
    April 19, 2017
    Cabinet approves permission to avail external assistance by State Government entities from bilateral agencies for implementation of vital infrastructure projects
    Show AI Summary
    Direct external borrowing by state entities permitted, enabling infrastructure financing subject to state guarantee and central counter guarantee.
    The Cabinet authorises financially sound State Government entities to undertake direct external borrowing from bilateral ODA agencies for major infrastructure projects, subject to direct repayment by the borrower, a state guarantee from the concerned State Government, and a central counter guarantee by the Government of India. This dispensation departs from prior practice of routing external assistance through the Union Government and aims to mobilise additional funding for high cost projects without exhausting State borrowing limits.
    April 18, 2017
    Vijay Mallya arrested in UK by Scotland Yard, gets bail
    Show AI Summary
    Extradition request prompts arrest and bail, initiating legal procedures to determine surrender for fraud charges.
    An Indian extradition request alleging fraud and loan defaults prompted the arrest of a proclaimed offender in London, his appearance before a magistrates' court and release on bail; the matter will proceed under the receiving state's extradition framework through warrant issuance, preliminary hearings, an extradition hearing and a final secretary of state decision, with rights of appeal available.
    April 15, 2017
    Commerce and Industry Minister highlights the investment opportunities available in India to increase the contribution of manufacturing sector to 25% of GDP
    Show AI Summary
    Investment opportunities in India emphasise manufacturing growth, reforms and sector diversification to attract foreign investors.
    The Minister highlighted investment opportunities and policy reforms aimed at raising manufacturing's share of GDP by promoting infrastructure financing via the National Investment and Infrastructure Fund, enhancing digital connectivity and financial inclusion, and improving ease of doing business and the intellectual property regime. Targeted sectors for diversification include electric vehicles, renewable energy and medical devices, while bilateral discussions focused on Japanese industrial townships, expanding trade and investment, and resolving operational issues faced by Indian pharmaceutical and IT firms.
    April 14, 2017
    BHIM-Aadhar –a digital payment platform launched by the Prime Minister on Ambedkar Jayanti in Nagpur
    Show AI Summary
    Aadhaar-based biometric payments expand merchant digital acceptance, paired with cashback and referral incentives to boost adoption.
    The government launched an Aadhaar-enabled merchant payment interface allowing biometric authentication for digital transactions at merchants, expanding access to those without smartphones or cards; 27 banks and over seven lakh merchants were onboarded. Two short-term incentive mechanisms - a Cashback scheme for merchants and a Referral bonus for referring and adopting users - are to be administered by MEITY and implemented by NPCI. Selected less-cash townships undergo independent assessment and must report over 80% digital transactions, with payment infrastructure and training completed.

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