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    Hon’ble Prime Minister’s Letter
    INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR APRIL, 2020
    Shri Piyush Goyal meets the representatives of traders associations;
    CCI approves acquisition of Emami Cement Limited by Nuvoco Vistas Corporation Limited
    Cabinet approves waiver of interest of Hindustan Organic Chemicals Limited
    Cabinet approves extension of ‘Pradhan Mantri Vaya Vandana Yojana
    Cabinet approves adoption of methodology for auction of coal and lignite mines/blocks for sale of coal / lignite on revenue sharing basis and tenure o...
    Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiy...
    Presentation of details of 4th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiy...
    CCI invites public comments regarding examination of non-compete restrictions under regulation of combinations
    Presentation of details of 3rd Tranche by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to sup...
    Presentation of details of Tranche 2 by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to suppo...
    Presentation made by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy i...
    Repayment of 8.27% GS 2020- Issue of Press Communique
    Price Movement of Selected Sub-Groups/Groups of Consumer Price Index on Base 2012=100 for Rural, Urban and Combined for the month of April 2020
    TAL PENSION YOJANA (APY) – Completion of 5 years
    Pradhan Mantri Garib Kalyan Package : Progress so far
    The Insolvency and Bankruptcy Board of India invites comments from the public on the Regulations notified under the Insolvency and Bankruptcy Code, 20...
    Shri Piyush Goyal tells Foreign Mission that India is open to mutually benefitting collaborations with interested countries as far as the reciprocity ...
    CCI approves the acquisition of less than 5% shareholding in Intas Pharmaceuticals Limited by Canary Investments Limited and Link Investment Trust II
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    May 30, 2020
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    Aatmanirbhar Bharat policy package to promote self-reliance through fiscal stimulus and targeted support for farmers, workers, and MSMEs.
    The address outlines executive, legislative and judicial measures framed as advancing national unity and inclusiveness, noting abrogation of special status provisions, a unanimous judicial settlement of a longstanding religious title dispute, prohibition of an identified personal law practice, and amendment to citizenship legislation. It summarises statutory reforms in consumer protection and chit-fund law, institutional reforms including a Chief of Defence Staff, and expanded social and economic programmes-farm support, pensions, rural water and education infrastructure-complemented by a pandemic-related fiscal package under the Aatmanirbhar Bharat policy to promote self-reliance.
    May 29, 2020
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    Industrial output contraction: provisional April core industry index shows sharp sectoral declines after COVID related lockdown.
    Release of the Index of Eight Core Industries for April 2020 records a provisional overall contraction due to the nationwide COVID 19 lockdown, with large year on year falls across most sectors. The Office of the Economic Adviser provides sectoral indices, weights (total 40.27% of IIP), monthly and cumulative growth rates, and methodological notes: industry weights are derived from IIP, electricity now includes renewables, a new steel product was added in March 2019, and Feb-Apr 2020 figures are provisional.
    May 29, 2020
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    MSME credit guarantee extended to traders; government to provide B2B support and technical assistance for expansion.
    Eligibility for credit support under the Aatmanirbhar package is extended to traders, with the Minister stating that the MSME credit guarantee covers traders and that changes to the MSME definition will assist them; unresolved issues on term loans and Mudra loans will be taken up with the finance ministry, while the government will facilitate B2B mechanisms and provide technical support to help retail traders expand their reach.
    May 22, 2020
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    Merger clearance enables acquisition of Emami Cement by Nuvoco, consolidating overlapping cement manufacturing operations nationwide.
    CCI approval granted for the proposed acquisition of 100% of the issued and paid up share capital of Emami Cement Limited by Nuvoco Vistas Corporation Limited, structured as a full share acquisition on a fully diluted basis; parties operate overlapping cement manufacturing and sales businesses producing a range of grey cements and ancillary products across multiple states, and a detailed CCI order will follow.
    May 20, 2020
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    Ex post facto waiver of interest enables regularisation and audit closure for a public sector loan.
    The government granted ex post facto waiver of interest on GoI loans to Hindustan Organic Chemicals Limited to regularise an amount already written off in the accounts and to formalise relief provided under a prior rehabilitation package, thereby enabling HOCL to settle a pending audit observation.
    May 20, 2020
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    Senior citizens annuity scheme extension: assured interest rate set with annual reset tied to senior savings returns.
    Extension of the Pradhan Mantri Vaya Vandana Yojana continues the annuity scheme with an initial assured rate of return set for the opening year and an annual reset tied to Senior Citizens Saving Scheme returns (subject to a ceiling and fresh appraisal on breach). The Finance Minister is delegated authority to approve the annual reset. Government financial liability is limited to the gap between LIC's market returns (net of expenses) and the guaranteed rate; management expenses are capped at specified percentages and minimum subscription levels for pension payouts are revised.
    May 20, 2020
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    Revenue share auction for coal replaces fixed bids, sets payment formula and incentives, and extends coking coal linkage tenure.
    Approval establishes a revenue-share auction for coal and lignite where bids are percentages of revenue payable to the government with a floor and defined increments; sale and utilization of coal are unrestricted. Monthly payments equal the bid percentage times the quantity of royalty-bearing coal times the higher of notional or actual price. An upfront amount based on estimated geological reserves is payable in instalments subject to upper ceilings. Commercial exploitation of Coal Bed Methane is permitted and revenue-share rebates are available for early production and for coal used in gasification or liquefaction. Tenure for coking coal linkage in the non-regulated sector is increased up to thirty years.
    May 18, 2020
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    Economic support measures under Aatmanirbhar Bharat Abhiyaan: fifth tranche announced to bolster COVID-19 affected sectors.
    Presentation of the fifth tranche of Aatmanirbhar Bharat Abhiyaan sets out a package of economic support measures announced by the Union Finance and Corporate Affairs Minister to address COVID-19 economic disruption, outlining scope, beneficiary categories, financial instruments, sectoral relief objectives, and implementation mechanisms, and referring to accompanying presentation materials and a press release for operational details.
    May 16, 2020
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    Economic relief package under Aatmanirbhar Bharat Abhiyaan announces additional tranche measures to support the economy amid COVID-19.
    Presentation outlines an economic relief package component announced under the Aatmanirbhar Bharat Abhiyaan, providing details of an additional tranche intended to support the Indian economy in response to the COVID-19 crisis, issued as a press release presentation dated 16-5-2020 and referencing accompanying presentation materials.
    May 16, 2020
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    Non-compete restrictions: proposal to remove Form I disclosure while parties remain responsible for competition compliance under law.
    The Commission's Guidance Note treats non-compete clauses as ancillary restraints when limited to the business sold and its territory, accepting longer durations where goodwill and know how transfer occur, and clarifies that a non-ancillary finding is not a presumption of infringement. To reduce information burden and allow contractual flexibility, the Commission proposes deleting the Form I disclosure requirement for non-compete justifications; parties remain responsible for ensuring competition compliance and substantive concerns may be examined under competition law.
    May 15, 2020
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    Economic relief measures presented under Aatmanirbhar Bharat to support economy amid COVID-19 disruptions via press release.
    Presentation of Third Tranche of fiscal support measures under the Aatmanirbhar Bharat initiative: the Union Finance and Corporate Affairs Minister set out details of a package to support the Indian economy in response to COVID-19 and referred readers to an accompanying presentation and press release for operative particulars.
    May 14, 2020
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    Economic relief package details under Aatmanirbhar Bharat Abhiyaan announced to support the economy during the COVID pandemic.
    Announcement of the second tranche details of the government's economic relief initiative presented by the Union Finance and Corporate Affairs Minister under Aatmanirbhar Bharat Abhiyaan to support the Indian economy in response to the COVID emergency; the release is an official press communication referencing supplemental presentation material.
    May 13, 2020
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    Aatmanirbhar Bharat Abhiyaan support measures announced to bolster economic response to COVID-19 under Finance Minister presentation
    Presentation of policy measures under Aatmanirbhar Bharat Abhiyaan addressing economic support in response to the COVID-19 pandemic, delivered by the Union Finance and Corporate Affairs Minister as an official presentation and press release dated 13-5-2020, with a detailed PPT referenced for fuller exposition of the announced measures and implementation modalities.
    May 13, 2020
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    Government securities repayment: maturity payments require bank account mandate or timely tendering of discharged securities for payment.
    Payment of maturity proceeds to registered holders of Government Securities held in Subsidiary General Ledger, Constituent Subsidiary General Ledger or by Stock Certificate must be made by pay order incorporating the holder's bank account particulars or by credit to the holder's bank account through electronic means under relevant regulations; holders must submit bank account particulars in advance, or, lacking those particulars, may tender duly discharged securities at prescribed paying offices twenty days before the due date to enable repayment. If a State Government declares a holiday under the Negotiable Instruments Act on the effective repayment date, repayment in that State will be made on the previous working day.
    May 12, 2020
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    CPI reporting adjusted: provisional indices released for select groups after in person price collection shifted to telephonic methods.
    Provisional Price Movement for selected CPI sub groups for April 2020 was released with adjusted procedures due to COVID 19: in person price collection was suspended and telephonic enquiries supplemented by selective purchases were used. Indices were compiled only for items reported from at least 25% of markets and exceeding 70% subgroup weight, using a direct approach at the all India level for Rural and Urban sectors. Several sub groups and groups were not compiled; released components include Food & Beverages (excluding some sub groups), Housing, Fuel & Light, Health subgroup and the CFPI (excluding Meat and Fish).
    May 11, 2020
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    Social security guarantee: Atal Pension Yojana ensures a minimum lifetime pension with spouse continuity and corpus payout.
    Atal Pension Yojana is a PFRDA administered social security scheme permitting eligible Indian citizens with bank accounts to subscribe for a minimum guaranteed pension at age sixty, with lifetime pension continuity to the spouse on the subscriber's death and payment of the pension corpus to the nominee if both subscriber and spouse die; the scheme is implemented through banks and postal services nationwide and forms part of the broader National Pension System coverage expansion.
    May 6, 2020
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    Direct benefit transfers under PMGKP secured cash and food support to millions of poor households across multiple targeted schemes.
    The Pradhan Mantri Garib Kalyan Package channels targeted cash and in kind relief via Direct Benefit Transfer and digital payments to vulnerable groups: front loaded PM KISAN payments to farmers, first and second instalments to women Jan Dhan account holders, full disbursement to old age persons/widows/divyang beneficiaries, support to construction workers, EPFO online advances and a one time EPF contribution, large scale distribution of food grains and pulses, mass Ujjwala cylinder deliveries, increased MGNREGA wages and released funds to clear dues, and insurance for government health workers.
    May 5, 2020
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    Public consultation on insolvency regulations invites stakeholder comments and establishes a timetable for consolidated revision and re-notification.
    The IBBI invites public comments on regulations under the Insolvency and Bankruptcy Code, 2016, outlining its consultative regulation making process and encouraging stakeholders to submit general or specific comments online via the IBBI website. The notice lists the regulations open for comment and prescribes categorisation of comments (intraregulation/interregulation inconsistencies, inconsistencies with rules, the Code or other laws, implementation difficulties, omissions or inappropriate inclusions) and the procedural steps for submission; the IBBI commits to process comments together and consider modifications for re notification within the stated timetable.
    May 2, 2020
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    Reciprocity in international collaboration: India conditions trade and cooperation agreements on fair reciprocal terms and sustainable pharma trade.
    India conditions bilateral and multilateral collaborations on reciprocity and fair dealing, citing those principles as the reason for non participation in the Regional Comprehensive Economic Partnership and inviting digital engagement to draft road maps for future agreements. The government links trade policy to health diplomacy by committing Indian pharmaceutical capacity to supply essential medicines internationally where feasible, while urging development of a sustainable roadmap for the pharmaceutical sector and identifying reliable international partners for long term collaboration.
    May 1, 2020
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    Competition approval for acquisition of minority shareholding in Intas permits investment subject to proposed modifications.
    The Competition Commission of India approved under Section 31(1) the acquisition by Canary Investments Limited and Link Investment Trust II of less than five percent shareholding in Intas Pharmaceuticals Limited, a vertically integrated Indian public pharmaceutical company; approval is subject to modifications proposed by the acquirers and the Commission's detailed order will follow.

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