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    July 31, 2017
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    De-licensing of paper industry: government supports sector via reconstituted development council and autonomous research institute.
    De-licensing of the paper industry is identified as the sector's regulatory status and the government reported production figures for recent years. Government action comprises reconstitution of the Development Council for Pulp, Paper & Allied Industries and designation of the Central Pulp & Paper Research Institute as an autonomous body under the Department of Industrial Policy & Promotion to promote R&D.
    July 31, 2017
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    Import standards require goods to meet domestic technical and safety norms and BIS certifications before market entry.
    All imported goods must comply with domestic laws, regulations, technical, environmental and safety norms; the national standardisation regime mandates Standard Marks under licence and enforces Compulsory Product Certification and Compulsory Registration schemes to ensure conformity of imports and prevent substandard products. These compulsory schemes are applied uniformly consistent with WTO non-discrimination.
    July 31, 2017
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    Regional trade agreement negotiations seek a balanced, high quality RCEP framework emphasizing inclusive economic opportunities and stakeholder input.
    Negotiations under RCEP progressed at the 19th TNC round with working groups on Goods, Services and Investment, and sub groups on IP, e commerce and institutional issues; participants committed to a comprehensive, balanced, high quality agreement guided by the Guiding Principles and Objectives for Negotiating the RCEP and sought stakeholder input from business and civil society to inform negotiations and drafting.
    July 28, 2017
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    Social security insurance expands subsidised life and accident cover for unorganised sector with central and state premium sharing.
    Aam Aadmi Bima Yojana provides social security insurance for unorganised sector workers aged eighteen to fifty nine, covering natural death, accidental death, partial permanent disability and total permanent disability. The scheme uses a subsidised premium model with contributions shared between the Central Government and State Governments/nodal agencies/individuals. Separate initiatives include free life insurance for eligible Jan Dhan account holders funded by the Central Government and complementary low cost universal life and accidental insurance schemes, together with a health insurance scheme for persons living below the poverty line.
    July 28, 2017
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    Aadhaar authentication requirement for pension benefits; alternate identity documents accepted until Aadhaar is issued.
    A Gazette notification conditions access to Atal Pension Yojana benefits on Aadhaar authentication or proof of Aadhaar possession; until Aadhaar is assigned beneficiaries may present an Aadhaar enrolment ID or enrolment request or specified alternate photo identity documents such as bank/post office passbook, PAN, passport, ration card, voter ID, MGNREGS card, kisan photo passbook, or driving licence. The document also notes subscriber growth and that fund requirements are assessed and budgeted according to scheme progress.
    July 28, 2017
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    Accidental insurance for RuPay cardholders provides sponsor funded death and disability cover and recorded claim payments.
    Accidental insurance is provided to all RuPay ATM cum debit cardholders for accidental death and permanent disability with distinct coverage tiers for classic and premium cards; the insurance premium is paid by the card scheme sponsor, and paid claims were recorded in the referenced financial year.
    July 28, 2017
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    Offer for Sale oversubscription results in reduced government shareholding in National Fertilizers Limited through divestment.
    An Offer for Sale of 15% equity in National Fertilizers Limited comprised retail and non-retail tranches that were both oversubscribed, yielding an overall oversubscription of approximately 1.41 times. Aggregate bids exceeded the floor-priced amount for the offered shares, and on completion the government's shareholding in NFL is reported to decline to 74.71% following the divestment.
    July 26, 2017
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    Bilateral Investment Treaties: revised model aims to clarify investor protections and limit expansive investor state dispute exposure.
    India revised its earlier 1993 Model BIT with a new Model BIT in December 2015 to correct broadly interpretable provisions and to align investor state dispute resolution language with contemporary practice; negotiations to conclude BITs or investment agreements based on the revised text are ongoing. The revised model is intended to preserve baseline protections such as the minimum standard of treatment and non discrimination to attract and protect foreign direct investment while limiting exposure to expansive arbitral interpretations.
    July 26, 2017
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    Industrial corridor funding updates: central government reported allocations and progress across multiple national corridor projects.
    The government reported implementation progress for national industrial corridors-construction and master planning at identified nodes, completion of perspective plans, state approvals, and engagement of an international development bank for feasibility and concept development-and disclosed central fund releases for 2016-17 to specified corridors alongside state counterpart commitments.
    July 26, 2017
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    Integrated Development of Logistics Sector allocated to Department of Commerce under amended Allocation of Business rules, shifting administrative responsibility.
    Amendment to the Allocation of Business Rules transfers the subject Integrated Development of Logistics Sector to the Department of Commerce by notification under the Government of India (Allocation of Business) Rules, 1961; the change was conveyed by the Commerce and Industry Minister in a written parliamentary reply.
    July 24, 2017
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    E-patent certificate issuance now automated, with certificates emailed and posted online for applicant download and transparency.
    Certificates are generated automatically after patent grant and transmitted to the applicant or authorised patent agent at the email address on record; the certificate is also posted with the application status on the official website for download and printing, eliminating dispatch delays and enhancing transparency.
    July 24, 2017
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    Industrial corridor linkage proposed to integrate a regional hi tech corridor with national manufacturing cluster planning, subject to appraisal.
    Proposed extension of an existing industrial corridor to incorporate a regional hi tech corridor aims to integrate manufacturing infrastructure and optimise resource use. A National Plan on Manufacturing Clusters is being prepared to guide alignment of the proposal, which will be appraised by the designated implementation trust to assess feasibility and conformity prior to any endorsement.
    July 24, 2017
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    State responsibility for industrial development, with a Union led roadmap and upgraded cluster infrastructure to spur regional industrial growth.
    Primary responsibility for industrial development in backward areas rests with the States, with the Union providing supplementary centrally supported schemes. An inter ministerial Committee chaired by the CEO, NITI Aayog has been constituted to propose a new industrial policy roadmap for North Eastern and Himalayan States. Under the Modified Industrial Infrastructure Up gradation Scheme, twenty three projects received final approval, including projects in Himachal Pradesh, Jammu & Kashmir, Mizoram and Tripura, to upgrade industrial parks and promote direct and indirect employment and industrial growth.
    July 24, 2017
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    Industrial production reporting shows recent growth trends and parliamentary disclosure of IIP statistics.
    Index of Industrial Production (IIP) reporting measures performance across manufacturing, mining and electricity using base year 2011-12 and discloses that annual industrial growth was 5.0 per cent in 2016-17 versus 3.4 per cent in 2015-16, with a 7.9 per cent rise in the first quarter of 2016-17; first quarter 2017-18 figures were unavailable. This statistical information was supplied by the Commerce and Industry Minister in a written parliamentary reply.
    July 24, 2017
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    100% FDI in food processing allowed under automatic route; retail trading FDI allowed for domestically manufactured food products.
    The policy permits 100% FDI in food processing industries under the automatic route, and allows 100% FDI under the government route for retail trading, including e commerce, limited to food products that are manufactured and/or produced in India. The government maintains remittance wise FDI data publicly and reported financial year wise inflows for the food products sector and food processing industries for April 2014-May 2017.
    July 22, 2017
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    Guaranteed pension returns under PMVVY provide fixed periodic income and government subsidy to protect retirees.
    PMVVY creates a pension product for persons aged sixty and above offering an assured rate of return payable at purchaser chosen frequencies over a fixed ten year term, allows loans against the purchase price with recovery from pension instalments and claim proceeds, permits premature exit for critical or terminal illness with near full refund, provides death benefit payment of the purchase price to beneficiaries, and contemplates government reimbursement to the insurer for any shortfall between guaranteed and actual returns plus administrative expenses.
    July 22, 2017
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    Resource efficiency strategy to inform national policy framework after stakeholder consultation and public comments, supporting sustainable consumption patterns.
    NITI Aayog prepared a Strategy Paper on resource efficiency, opened it for public comments, and convened a multi stakeholder meeting-including government departments, research institutions, industry associations and international partners-chaired by the Principal Adviser to review the paper and comments. Participants agreed the finalized Strategy Paper could serve as the basis for future national action on resource efficiency, providing a consultative mechanism for policy formulation and interagency cooperation.
    July 21, 2017
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    Wholly owned subsidiary created to provide real estate services and segregate non-core activities while SBI retains property.
    Creation of a wholly owned subsidiary by SBI to provide real estate services-transaction management/advisory, project management, facility management, and policy implementation-to segregate non-core activities and improve operational efficiency, while SBI retains ownership of existing and newly acquired properties and will not transfer them to the subsidiary.
    July 20, 2017
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    Autonomous bodies review underway to recommend governance and operational efficiency reforms; report pending.
    A Niti Aayog committee is conducting a consultative review of autonomous bodies to recommend measures to enhance operational efficiency, governance mechanisms, and effectiveness, with initial focus on entities under the Societies Registration Act; the committee's report is pending.
    July 20, 2017
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    Public stockholding for food security urged as a permanent solution at the upcoming ministerial conference, preserving Doha agenda priorities.
    Advocated adoption of a permanent solution on public stockholding for food security and progress on the agricultural Special Safeguard Mechanism as essential outcomes at the upcoming ministerial conference; urged the WTO Director General to prioritize follow up and finality on these Doha Round issues and warned that new agenda items should not be advanced at the cost of long pending agricultural and development commitments.

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