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    Cabinet approves recommendations of the 7th CPC on allowances
    The Central Board of Direct Taxes (CBDT) entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers;
    Commerce and Industry Minister writes to Members of Parliament to consider setting up co-working spaces/incubators for Start-ups
    India Signs Loan Agreement with the World Bank for USD 35 Million for “Assam State Public Financial Institutional Reforms Project”
    PFRDA conducts workshop on National Pension System (NPS) for Corporates in coordination with FICCI at Bhubaneswar today; More than 10.83 lacs subscrib...
    Training of Trainers Programme on Capacity Building for Six Waste Management Rules (2016) - National Productivity Council
    Commerce & Industry Minister launches the Startup India Hub
    Atal Pension Yojana (APY) can now be subscribed digitally;
    India Pavilion at Expo 2017 Astana – A Mega Attraction
    Public Procurement (Preference to Make in India), Order 2017
    Task Force on Innovation
    States shortlisted by NITI for transformative change in Health and Education
    CCI issues order against Hyundai Motor India Limited (HMIL) for anti-competitive conduct, imposes penalty of ₹ 87 crore for the anti-competitive...
    Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017
    Repayment of (i) GOI Floating Rate Bonds (FRB), 2017, (ii) 8.07% GS 2017 (Jul), and (iii) 7.99% GS 2017
    Atal Pension Yojana (APY) included under Section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act 2016...
    SATH program launched by NITI Aayog
    Cabinet approves agreement between India and Cyprus on Merchant Shipping
    Mizoram may not be able to fully implement the GST on July 1: Minister
    Highlights of initiatives under NITI Aayog
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    June 29, 2017
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    Allowances reform via Risk and Hardship Matrix reshapes pay protections and raises targeted operational and welfare allowances.
    Cabinet approved modifications to the 7th CPC allowances effective 1 July 2017, retaining and enhancing selected allowances, instituting a Risk and Hardship Matrix to govern risk/hardship rates with two slab rates per cell and an RH Max cell, setting minimum floors and accelerated revision triggers for House Rent Allowance, substantially increasing Siachen and several operational allowances, consolidating uniform payments into a Dress Allowance, subsuming certain locality allowances into a Tough Location Allowance, and increasing selected education, childcare, qualification and pensioner medical allowances while rationalising the total number of allowances from 197 to 128.
    June 28, 2017
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    Advance Pricing Agreement provides transfer pricing certainty across future and prior years through pre-agreed pricing methods.
    The APA scheme prescribes methods for determining the arm's length price of international transactions in advance, fixing transfer pricing methodology for a specified forward period and permitting a rollback option for preceding years to extend certainty. The mechanism provides multi year tax certainty to multinational enterprises by pre agreeing pricing approaches and supports a non-adversarial tax regime.
    June 28, 2017
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    MPLADS funding for startup co working spaces urged to strengthen infrastructure and accelerate local entrepreneurship ecosystem.
    Minister requests Members of Parliament to use MPLADS funds to establish co working spaces and incubators for Startups in their constituencies to address infrastructure constraints, support commercialization of ideas, provide mentorship and networks, and promote employment as part of the Startup India initiative.
    June 28, 2017
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    Loan agreement for state public financial reforms to improve budget execution predictability and tax administration efficiency.
    The Government of India and the World Bank executed an IBRD Credit loan agreement and an Implementing Entity Agreement with the Government of Assam to fund the Assam State Public Financial Institutional Reforms Project, financing USD 35 million from the Bank and additional co-financing from the State for a five-year programme. The project targets improved predictability and transparency in budget execution and greater efficiency in tax administration through electronic payments and collections, public procurement improvements, and enhanced taxpayer services.
    June 24, 2017
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    National Pension System reforms enable easier fund transfers, flexible investment choices, digital onboarding, and lower contribution thresholds.
    PFRDA promoted NPS to corporates, outlining employer onboarding, annuity options, transfer of superannuation/recognized provident funds, and operational reforms including electronic e-sign onboarding, biannual investment allocation changes, a new Alternative Investment Fund asset class, additional lifecycle funds, and a reduced Tier-I minimum annual contribution requirement to facilitate corporate and all-citizen uptake.
    June 22, 2017
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    Waste Management Rules capacity building trains master trainers to strengthen urban local bodies' implementation under a national project.
    Six Waste Management Rules (2016) are the subject of a national capacity building project to strengthen Urban Local Bodies and stakeholders in collection, treatment and disposal of wastes, promote 3Rs, disseminate good practices, and support integrated waste management. A national implementing arrangement designates a programme coordinator and implementing agency to convene a Training of Trainers to create Master Trainers who will cascade technical guidance to identified cities.
    June 20, 2017
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    Startup ecosystem platform connects stakeholders and provides access to legal, HR, accounting and regulatory resources and mentorship.
    Launch of the Startup India Virtual Hub as a single online nodal platform to aggregate ecosystem offerings and enable discovery, connection and engagement among startups, investors, mentors, incubators, accelerators, corporates, academia and government bodies, providing centralized access to resources, tools and experts including legal, HR, accounting and regulatory templates, curated government schemes, and planned state-level aggregation and SAARC exchange initiatives.
    June 16, 2017
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    Atal Pension Yojana digital enrolment launched: APY@eNPS enables fully digital subscription with provider rollout deadline.
    PFRDA has implemented APY@eNPS, a fully digital enrolment channel for Atal Pension Yojana, directing APY service providers to develop platform features by 30 June 2017. APY, operational from 1 June 2015 for citizens aged 18-40, offers guaranteed pension tiers of Rs. 1,000-5,000 per month at age 60 depending on contributions and joining age, has over 54 lakh subscribers, and reported fund manager returns of 13.91%.
    June 16, 2017
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    India Pavilion showcase advances future energy, green airport model and smart India exhibits at an international expo
    India's national pavilion, organized by the national trade promotion agency, presents future energy and sustainability through exhibits including a green airport model, a proposed integrated exhibition cum convention center redevelopment, and science and renewable energy demonstrations, alongside cultural and smart city themed displays to engage visitors and visiting delegations.
    June 15, 2017
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    Local content preference in public procurement drives priority for domestic suppliers, with adjustable thresholds and purchase margins.
    The Order grants purchase preference to local suppliers in procurement by procuring entities, subject to the Order and Nodal Ministry directions. It establishes an ordinary minimum local content requirement of 50%, allows the Nodal Ministry to vary that percentage and prescribe the calculation method, and sets a purchase preference margin of 20%. Ministries, departments and government company boards may issue clarifications and instructions to resolve implementation difficulties.
    June 15, 2017
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    Innovation policy: targeted recommendations to strengthen the innovation ecosystem and revise index methodology for accurate assessment.
    A government mandated Task Force on Innovation evaluated all 82 GII indicators and proposed targeted policy interventions, national and international program models to address indicator specific weaknesses and build institutional and private sector capabilities. It also critically reviewed the GII 2016 methodology and recommended re examination and modification of indicator selection, weighting and measurement approaches so the Index more accurately reflects country realities.
    June 15, 2017
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    Cooperative federalism fosters state partnerships for outcome-oriented health and education reforms with implementation support.
    NITI Aayog's SATH program offers time bound, outcome oriented partnerships in health and education where NITI Aayog and knowledge partners provide strategic, technical and implementation support, establish a Program Management Unit at State level, and require State commitments to governance reforms and measurable outcomes as conditions for final selection.
    June 15, 2017
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    Resale price maintenance prohibited - penalty and cease and desist for manufacturer enforcing discount controls and mandated lubricant use.
    The Commission found Hyundai Motor India Limited responsible for imposing resale price maintenance through contractual discount controls and for mandating use of recommended lubricants, thereby restricting dealer pricing and product choice; the Commission issued a cease and desist order and imposed a monetary penalty calculated on relevant turnover derived from motor vehicle sales.
    June 14, 2017
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    Financial resolution framework: Bill creates a Resolution Corporation to protect depositors and limit public bailouts.
    The Financial Resolution and Deposit Insurance Bill, 2017 establishes a comprehensive financial resolution framework for specified financial sector entities and provides for a Resolution Corporation to assume deposit insurance powers, repeal or amend resolution-related provisions in sectoral Acts, protect financial system stability, protect consumers of covered obligations up to a reasonable limit, and safeguard public funds while reducing time and costs in resolving distressed financial entities.
    June 12, 2017
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    Government securities repayment requires bank account mandates for electronic credit or physical surrender before maturity.
    Outstanding balances of the specified Government securities are payable on the effective date of repayment; if a State declares a holiday under the Negotiable Instruments Act, repayment in that State will be made on the previous working day. Maturity proceeds to registered holders will be paid by pay order with bank particulars or credited to a bank account capable of receiving electronic funds, per Government Securities Regulations, 2007. Holders must submit bank account particulars in advance; lacking those, holders may tender duly discharged securities at designated paying offices twenty days before the due date.
    June 12, 2017
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    Aadhaar linkage required for scheme benefits; APY subscribers must promptly seed Aadhaar to receive entitlements.
    Inclusion of Atal Pension Yojana under Section 7 of the Aadhaar Act requires APY beneficiaries to furnish Aadhaar or enroll and to have their Aadhaar recorded in both their APY pension account and the savings account used for contributions and receipt of government co-contribution; PFRDA identified eligible subscribers for co-contribution and advises seeding of Aadhaar, while introducing online transaction statements and PRAN card facilitation.
    June 10, 2017
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    Cooperative federalism partnership expands technical assistance to states for health system reform, formalised through MoUs and objective selection.
    SATH creates a state-center partnership under cooperative federalism for technical assistance and institutional strengthening in health and education, to be implemented with competitively procured partners and formalised through MoUs. States are selected through a three stage process-expression of interest, presentations, and commitment assessment-using impact metrics (maternal and infant mortality, disease incidence) and capacity metrics (health workforce density, facility norm compliance) to determine potential for impact and likelihood of success, with NITI providing governance design, monitoring and execution support.
    June 7, 2017
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    Merchant Shipping Agreement enhances bilateral cooperation to remove trade barriers and strengthen seafarer employment, welfare and working conditions.
    Ex post facto approval was granted for the Merchant Shipping Agreement between India and Cyprus establishing a bilateral framework to remove impediments to maritime trade, facilitate transport of goods including via third countries, and promote cooperation on seafarer labour matters covering employment, working conditions and welfare of seafarers on each other's vessels.
    June 5, 2017
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    Implementation of GST may be delayed due to connectivity issues, affecting rollout and compliance readiness in some regions.
    Implementation of the Goods and Services Tax in Mizoram may be delayed because inadequate internet connectivity and regional digital infrastructure constraints threaten the state's ability to join the national rollout; officials are working intensively to resolve these bottlenecks to achieve compliance while expecting efficiency gains for tax collection and consumer benefit once implemented.
    June 2, 2017
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    National Development Agenda advances layered planning and state incentivised reforms in agriculture, digital payments and innovation.
    NITI Aayog is implementing a layered planning framework - a 15 year vision, a 7 year strategy and a 3 year action agenda - and advancing cooperative federalism through outcome based indices, Sub Groups and Task Forces. It promotes agricultural reforms via a Model Agricultural Land Leasing Act, a revised Model APMC Act and an Agricultural Marketing and Farmer Friendly Reforms Index, supports medical education institutional reform, leads a Digital Payments Movement with incentives and outreach, and fosters innovation through the Atal Innovation Mission.

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