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    Loans worth more than ₹ 1 lakh crore sanctioned under ECLGS
    15th Finance Commission holds meeting with the Ministry of Human Resource Development
    “Statistics Day” to be celebrated on 29th June, 2020
    Finance Commission holds meeting with The Ministry of Rural Development
    Finance Commission meets its Advisory Council
    CCI approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLC
    National Online Quiz on Insolvency and Bankruptcy Code,2016 from 1st July,2020 -31st Jul,2020
    Prime Minister Garib Kalyan Package-Progress So Far
    PM Modi to launch Garib Kalyan Rojgar Abhiyaan on 20th June to boost livelihood opportunities in Rural India
    CCI approves acquisition by MacRitchie Investments Pte. Ltd. (MacRitchie) in 91 Streets Media Technologies Private Limited (91 Streets), Ascent Health...
    Shri Piyush Goyal reviews the Quality Council of India
    QCI Celebrates the World Accreditation Day 2020
    THE ESSENTIAL COMMODITIES (AMENDMENT) ORDINANCE, 2020
    THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2020
    Implementation of paperless process for grant of Industrial Entrepreneur Memorandum(IEM)
    CCI approves proposed merger between Peugeot S.A and Fiat Chrysler Automobiles N.V.
    Government approves setting up of an “Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs)” in Ministries/Departments for at...
    PRIME MINISTER GARIB KALYAN PACKAGE-PROGRESS SO FAR
    Shri Piyush Goyal asks NPC to leverage its strengths for expansion of its Advisory & Capacity Building services;
    Minimum Support Prices (MSP) for Kharif Crops for marketing season 2020-21
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    June 30, 2020
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    Emergency Credit Line Guarantee Scheme increases guaranteed credit access for MSMEs, enabling widespread sanctioned loans under government guarantee
    The Emergency Credit Line Guarantee Scheme provides a 100% government-backed guarantee to expand credit for MSMEs and eligible businesses, permitting additional loans calculated as a proportion of existing borrowings at capped interest rates. The scheme, part of the Aatmanirbhar package, is implemented through public and private banks, with recorded sanctioned and disbursed amounts and state-wise reporting to monitor uptake and assistance to business units.
    June 29, 2020
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    Education incentive framework: commission seeks measurable learning outcomes and state targets to guide funding recommendations.
    The Commission sought clarity on seven specified learning indicators-language and mathematics scores at Classes 3, 5 and 8, plus gender difference in transition to secondary-and requested state wise targets and preparatory measures so incentive linked grants can be awarded based on performance and improvement. The Ministry outlined digital and multi modal initiatives (DTH channels, DIKSHA, e pathshala, PM eVIDYA), proposed use of a Performance Grading Index with third party school level assessment, and submitted multi year financial projections tied to National Education Policy implementation and ICT provisioning for Commission consideration.
    June 29, 2020
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    Statistics Day celebration focusing on Sustainable Development Goals: health, gender equality, virtual event with awards and report release.
    The Government will observe Statistics Day virtually on 29 June to promote the use of statistics in policy formulation and public awareness, adopting themes from the Sustainable Development Goals emphasising health and well being and gender equality. The programme includes participation by senior statistical and policy officials and international stakeholders, presentation of national awards for official statistics and research, release of an updated National Indicator Framework progress report, and launch of the Indian Statistical Services Cadre Management Portal, with workshops and seminars planned to strengthen statistical application in socio economic planning.
    June 26, 2020
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    Maintenance funding for rural roads: Commission to consider state eligibility, governance conditions, and utilisation linked grants.
    The Fifteenth Finance Commission met the Ministry of Rural Development to consider proposals for a dedicated Maintenance Grant for PMGSY roads for the 2021-26 period. The Commission emphasised the need for recurring, predictable funds for the large PMGSY asset base and indicated post-five year maintenance funding would be addressed in its recommendations, conditioned on resource availability and demonstrable state earmarking. The Ministry's proposal sought eligibility proxies (state backwardness and road length), higher cost norms for hill roads, governance preconditions, separate budget heads, transfers to executing departments, state shares, and utilisation linked releases.
    June 26, 2020
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    Fiscal transfers face uncertainty as the pandemic disrupts tax revenues, expenditure burdens and prospects for public debt consolidation.
    The Advisory Council reviewed pandemic effects on Union and State fiscal positions, highlighting uncertainty in GDP growth, asymmetric reductions in tax revenue due to disrupted supply chains, and resultant pressures on deficits and general government debt. Members emphasised expenditure burdens from health and social support and discussed constraints and options for establishing a path for public debt consolidation, stressing the challenge of designing equitable fiscal transfers and the need for ongoing monitoring of economic and fiscal indicators to inform assessments.
    June 25, 2020
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    Competition clearance granted for acquisition of minority stake in Jio Platforms by Facebook subsidiary Jaadhu.
    The Competition Commission approved Jaadhu Holdings LLC's proposed acquisition of an approximately 9.99% minority stake in Jio Platforms Limited, a combination involving Jaadhu as an indirect wholly owned subsidiary of Facebook and Jio Platforms as the parent of Reliance Jio Infocomm Limited, with the approval to be formalised in a detailed CCI order under the statutory merger review framework.
    June 24, 2020
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    National online Quiz on the Insolvency and Bankruptcy Code promotes awareness; single attempt 20 MCQs, time based ranking and prizes.
    The IBBI, as the statutory regulator for insolvency professionals and related processes, launched a national online Quiz on the IBC to promote awareness. The Quiz runs 1-31 July 2020 on MyGov, is open to Indian citizens aged 18+, requires unique registration permitting one attempt, comprises 20 MCQs to be answered in ten minutes, and is evaluated by maximum correct answers with time as a tie breaker. Top performers receive medals, cash prizes and certificates; winners must submit identity details and the IBBI may amend or cancel the Quiz, its decision being final.
    June 20, 2020
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    Pradhan Mantri Garib Kalyan Package continues delivering targeted cash transfers and free food grains to millions, tracking implementation progress.
    The summary documents implementation of the Pradhan Mantri Garib Kalyan Package, reporting operational progress across cash transfers (PM-KISAN front-loaded payments; Jan Dhan instalments; NSAP pensions), EPFO advances and contribution transfers, support to construction workers, and rural workfare fund releases. It also records large-scale distribution of free food grains and pulses, emergency rations and chana for migrants, PMUY free LPG cylinder deliveries, District Mineral Fund spending, and an operational health-worker insurance scheme, with aggregate beneficiary and disbursement figures presented to demonstrate programme reach.
    June 18, 2020
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    Rural employment scheme to deploy focused public works and create infrastructure, providing jobs for returnee migrant workers.
    Launch of Garib Kalyan Rojgar Abhiyaan: a centrally coordinated 125 day rural employment and infrastructure programme targeting 116 districts in six States to implement 25 categories of public works, generate local employment for returnee migrant workers, and create durable rural assets through a specified resource envelope.
    June 15, 2020
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    Competition approval granted for acquisition of equity and convertible instruments in multiple Indian pharmaceutical and healthcare companies.
    Competition approval under Section 31(1) clears MacRitchie Investments Pte. Ltd.'s acquisition of equity and certain convertible instruments in 91 Streets, Ascent and API. The Proposed Combination comprises purchase of percentages of compulsorily convertible debentures, compulsorily convertible preference shares and/or common shares. 91 Streets operates an e commerce pharmacy and tele medical platform, B2B wholesale pharmaceutical distribution and logistics; Ascent conducts pan India wholesale B2B distribution and provides an order management application for pharmaceutical sales; API is not engaged in business.
    June 12, 2020
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    Quality standards must be rational, transparent and reliable to underpin self reliant national growth and sectoral recovery.
    Quality is identified as central to national development and Aatmanirbhar Bharat; the Quality Council of India must expand and adapt its accreditation and National Quality Campaign activities to post Covid norms, pursue international best practices and Gap Analysis, and ensure that quality evaluation and certification are rational, transparent, reliable and free from malpractices. QCI should collaborate with Government e Marketplace to certify high value products, develop implementable standards across key sectors, and assist private sector adoption while exploring scalable online training models.
    June 10, 2020
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    Accreditation improves food safety by ensuring reliable testing and coordinated surveillance across regulators and industry stakeholders.
    Accreditation is advanced as the primary mechanism to improve food safety by ensuring credible testing and certification; priorities include virtual assessments, state laboratory accreditation, Proficiency Testing, more accredited Reference Materials Producers, development and accreditation of Rapid Test Kits, an accreditation scheme for certification, and an Integrated System for information exchange. Strategic actions include scaling conformity assessment nationally, using Public-Private Partnerships, formalising informal markets, initiating a crowd-sourced quality monitoring programme, and building a unified Market Surveillance and Rapid Alert e-platform to coordinate regulators and industry.
    June 6, 2020
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    Essential commodities amendment limits regulation to extraordinary circumstances and sets price-rise triggers for stock limits.
    The Ordinance amends the Essential Commodities Act, limiting regulation of specified foodstuffs to extraordinary circumstances and permitting stock-limit orders only upon objective price-rise triggers: 100% retail price increase for horticultural produce or 50% for non-perishable foodstuffs over the prior twelve months or five-year average (whichever is lower). It excludes PDS/TPDS orders and exempts processors and value chain participants whose stock does not exceed installed processing capacity or meets export demand. "Value chain participant" is defined to cover stages from production to final distribution.
    June 6, 2020
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    Corporate insolvency resolution process suspension bars initiation for COVID-era defaults and limits related resolution professional applications.
    Suspension of initiation of corporate insolvency resolution process is introduced for defaults arising on or after 25 March 2020, in view of the disruption caused by the COVID-19 pandemic. No application for initiation of CIRP under sections 7, 9 or 10 may be filed for such defaults for six months, or for any further notified period not exceeding one year from that date. Defaults committed before 25 March 2020 remain outside the suspension, and section 66 is amended to bar applications by a resolution professional where CIRP initiation is suspended under section 10A.
    June 5, 2020
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    Paperless IEM processing: electronic acknowledgements with QR codes enable online verification and instant notifications for industrial filings.
    Establishes paperless mode for IEM applications under the I(D&R) Act, 1951: IEM Part A, Part B and Amendment applications must be filed and processed online, with native electronic Acknowledgment Certificates issued bearing an assigned QR Code for online verification and instantaneous email and SMS notifications to applicants and concerned state governments.
    June 5, 2020
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    Merger approval: regulatory clearance granted for a cross border automotive combination between two global manufacturers.
    Approval by the Competition Commission of India of a proposed cross border merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V. authorises the combination of PSA, a French automotive holding group offering vehicles and financing and mobility services, and FCA, a Netherlands organized global automotive manufacturer and distributor, and reflects merger control clearance under India's competition regime for a multinational automotive consolidation addressing overlaps in manufacturing, distribution and ancillary services.
    June 3, 2020
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    Investment facilitation through an empowered interministerial group to accelerate clearances and promote targeted foreign and domestic investment.
    An interministerial mechanism is approved to attract investments by creating an Empowered Group of Secretaries to coordinate timely clearances, set targets, evaluate projects on creation and actual investment, and provide investment facilitation; and by establishing Project Development Cells in line Ministries, led by officers of Joint Secretary rank, to prepare investible projects with approvals and detailed project reports, identify issues for escalation, and coordinate with States to build a pipeline for domestic and foreign investors.
    June 3, 2020
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    Pradhan Mantri Garib Kalyan Package expands social assistance via cash transfers, foodgrain distribution and scheme-specific relief to vulnerable households.
    The Pradhan Mantri Garib Kalyan Package uses direct benefit transfers, foodgrain and pulse distributions, Ujjwala LPG refills, PM KISAN front loaded payments, social pension instalments, support to construction workers, EPFO online advance withdrawals and a temporary EPF contribution measure to deliver expedited relief to vulnerable households, with central and state monitoring to ensure rapid disbursal and clearance of wage and material dues.
    June 2, 2020
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    Expansion of advisory and capacity building services to industry and government to scale lean practices and environmental assessments.
    National productivity body instructed to expand and monetise its Advisory & Capacity Building services by partnering with industry, SMEs and government entities, leveraging expertise in consultancy, energy, environment, business process and productivity improvement. Priorities include scaling Lean Manufacturing for MSMEs, expanding plastic litter assessment studies to additional cities, and reviewing the Boiler Certification training and certification scheme to improve efficiency, alongside administrative measures to co-locate offices and replicate an Automated Transfer & Posting System for other government organisations.
    June 1, 2020
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    Minimum Support Prices increased for kharif crops to ensure remunerative farmer returns and promote crop diversification and procurement.
    MSPs for all mandated Kharif crops for 2020-21 have been raised to ensure remunerative returns and to promote crop diversification, aligning MSPs to at least 1.5 times the All-India weighted average cost of production. Implementation is supported by procurement at MSP, the PM-AASHA umbrella scheme (Price Support Scheme, Price Deficiency Payment Scheme, and pilot Private Procurement & Stockist Scheme), State advisories to facilitate direct marketing, and complementary income and food-security measures under PM-KISAN and PM-GKY.

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