Insolvency and Bankruptcy Code awareness quiz open to eligible citizens, offering medals, sponsored awards and certificates.
Organises a national online quiz to promote awareness of the Insolvency and Bankruptcy Code, conducted by IBBI with MyGov.in from 1-31 August 2021; open to Indian citizens over 18 with exclusions for IBBI employees, registered service providers and their immediate family members, playable on the MyGov portal with terms and schedule on the IBBI events page; tiered medals, sponsored cash awards, Certificates of Merit for top 10% and Certificates of Participation for all.

Youth entrepreneurship programme enables high school students to build digital products and business models through mentorship and online learning.
A nationwide nine week bootcamp combined curated online content, live expert sessions, and mentor guided small groups to enable high school students to develop digital products, construct business models, create marketing and finance plans, set up online stores, and present pitch decks, supported by a dedicated web portal for assignments and mentor feedback.

Green Channel clearance enables deemed approval for SVF II Orca's share acquisition in OFB Tech Private Limited.
Notice of a share acquisition in OFB Tech Private Limited by SVF II Orca (DE) LLC was filed under the Green Channel and is treated as deemed approved. The acquirer is a newly incorporated investment vehicle linked to the SoftBank group set up for mid to long term investments in technology companies. The target operates a technology enabled wholesale trading platform with activities in wholesale trading of raw, agricultural and construction materials, purchase financing, subcontracting services, and a tender discovery platform.

Green Channel notification grants deemed approval for a minority acquisition under merger control procedures.
A Green Channel notice was filed for a minority acquisition in Azure Power Global Limited by OMERS Infrastructure Asia Holdings Pte. Ltd.; under sub section (2) of Section 6 of the Competition Act and regulation 5A of the Combination Regulations such a Green Channel filing is deemed approved upon filing and acknowledgment, and the target operates in the Indian solar power sector with government and commercial customers.

E commerce regulation: Government seeks amendments to strengthen prevention of unfair trade practices after complaints about marketplace conduct.
Complaints alleging deep discounting, predatory pricing and misuse of market dominance by marketplace e commerce entities have been forwarded to relevant government agencies for examination and investigation. The government, having notified the Consumer Protection (e Commerce) Rules, 2020, has placed proposed amendments on the Department of Consumer Affairs website to strengthen prevention of unfair trade practices in e commerce; stakeholder comments on definitions, marketplace roles and liabilities have been received to inform those amendments.

DPIIT-recognized startup job creation reported, showing aggregate multi-year growth and yearly employment distribution disclosed.
DPIIT-recognized startups reported cumulative job creation of 527,517 for 2018 through mid-2021, with annual reported tallies increasing from 2018 into 2020 and a partial 2021 figure recorded as of 21 July 2021; the figures were disclosed in response to a parliamentary question and published as official aggregate employment statistics.

Regulation of capital market intermediaries proposes registration, obligations and conditional cross-border operations in IFSCs under consultation
The proposed regulatory framework establishes registration and conduct requirements, inspection and enforcement mechanisms, and recordkeeping duties for a range of capital market intermediaries in IFSCs, and contemplates conditional cross border business subject to ring fencing, risk management, internal controls and related operational safeguards.

Supply chain resilience strengthened via manufacturing upgrades and trade agreements to secure preferential supplies and boost merchandise exports.
Government measures focus on strengthening domestic manufacturing, promoting trade ties, reviewing trade agreements, and initiating bilateral negotiations, including a Supply Chain Resilience Initiative with two partners to enhance regional supply-chain resilience and secure preferential supply terms for domestic industry.

Startup recognition and support: government reports recognized startups, job creation and policy measures to strengthen ecosystem.
DPIIT has recognized a large number of entities as startups, reporting substantial job creation and noting multiple market valued unicorns while clarifying that individual company valuations are not maintained by DPIIT. The announcement links these figures to the central Startup India initiative-launched with a 19 point Action Plan-to support ease of doing business, technology led reforms, stakeholder capacity building, and a digital self reliance agenda.

Direct tax collection growth reflects economic recovery and higher advance tax payments, aided by dispute resolution under Vivad se Vishwas.
Direct tax receipts rose markedly in the first fiscal quarter versus the prior year due to revived economic activity, improved taxpayer sentiment and higher advance tax payments; first quarter net indirect tax (GST and non GST) receipts were also reported, while second quarter collections remained unascertained. The Vivad se Vishwas Scheme, 2020 facilitated amicable resolution of a substantial share of pending direct tax disputes (about 28.73%), producing additional tax revenue and contributing to increased tax mobilization.

Pre packaged insolvency process for MSMEs introduced: creditor approved base plans, 120 day timeline, and new penalties for fraud.
Establishes a statutory pre-packaged insolvency resolution process (Chapter III-A) permitting eligible corporate debtors-primarily MSMEs or others meeting prescribed default thresholds-to obtain pre filing creditor approvals (including a 66% financial creditor threshold), propose and have a named insolvency professional report on eligibility, submit a base resolution plan and preliminary information memorandum, and, upon admission, proceed under a time bound process (120 days, with key plan submission within 90 days) governed by specified duties, powers, moratorium, committee led evaluation and statutory routes for approval, termination, conversion to CIRP or liquidation.

Unique identification number assignment makes PAN or C KYC primary identifiers and bars Aadhaar as a UIN.
Amendments define 'OVD' and 'Identity Details' to include PAN, Passport, Driving License, Voter ID and Aadhaar/e Aadhaar and permit de duplication using the C KYC database. Registration must use PAN for legal entities and PAN or C KYC for individuals, with other IDs only if those are absent. IUs must assign a Unique Identification Number to registered users; Aadhaar must not be used as a UIN and alternative IU issued UINs follow a prescribed format. Supporting documents may be submitted anytime in multiple formats, must be digitally signed/stamped where required, and each debt or security document must carry a unique identifier reference.

Ease of Doing Business reform enables additional state borrowing as incentive for implementing specified state-level reforms.
The Union Government authorised conditional additional borrowing of 0.25% of GSDP per approved reform area to incentivise state-level reforms, including Ease of Doing Business (EoDB); twenty States were allowed additional borrowing during 2020-21 for completing the EoDB reform, and the scheme forms part of a package also covering One Nation One Ration Card, urban local body/utility reforms and power sector reforms.

Minimum Support Price policy and large procurement underpin stronger rural consumption prospects and farm income support.
Agricultural GVA grew 3.6% in 2020-21 and foodgrain production is estimated at a record 305.44 million tonnes, with tractor sales and favourable monsoon/sowing trends supporting rural demand. The Government has raised Minimum Support Prices to ensure remunerative returns and conducted large procurements of rice and wheat benefiting millions of farmers. A package of fiscal and sectoral measures-including direct transfers, enhanced agricultural credit, concessional Kisan Credit Cards, insurance payments, fertilizer subsidies, liquidity and infrastructure funds, rural employment programmes, and schemes for fisheries and animal husbandry-aim to strengthen farm incomes and rural consumption.

Compulsory product certification expanded, paired with procurement relaxations and incentives to strengthen domestic manufacturing and startups.
Central measures under AatmaNirbhar Bharat impose mandatory conformity through Quality Control Orders requiring BIS-standard marking for specified products, pair this with a multi-sector Production-Linked Incentive scheme and capacity-building webinars, and supplement these with procurement relaxations, equity-like funding via a Fund of Funds and a Startup India Seed Fund, plus GeM and Startup Runway platforms to enable startups and local manufacturers to access government procurement.

Innovation challenge spotlights top student innovators, linking them to internships, incubation and pathways to entrepreneurship.
Atal Innovation Mission's ATL Marathon 2020 shortlisted the top 300 student teams from participating Atal Tinkering Labs under a theme aligned with Atmanirbhar Bharat, emphasising substantial girl student participation and wide geographic representation. Top innovators gain access to the Student Internship Program with corporate partners and incubation centres and may advance to the Student Entrepreneurship Program, a longer bootcamp designed to help translate prototypes into marketable ventures; AIM highlighted mentorship, incubation linkages and adaptive innovation developed during the COVID 19 pandemic as central mechanisms for advancing student work.

Organic certification drive to transform Ladakh agriculture into an organic region, with traceability and branding support.
APEDA and Ladakh officials are implementing a programme to boost exportable agricultural production by expanding cultivation of high nutrient fruits, promoting chemical free and organic farming, introducing traceability systems, and providing technical assistance, capacity building, branding and marketing support. A phased organic certification process has been initiated to achieve regional organic status by 2025, supported by DIHAR technologies and coordination with local agricultural departments and universities.

Disclosure obligations in corporate insolvency require former names, arm's length appointments, and avoidance reporting.
The amendments require the insolvency professional to disclose all former names and registered office addresses of the corporate debtor changed within two years prior to insolvency, permit the IRP/RP to appoint professionals other than registered valuers on an arm's length, objective and transparent basis with invoices in the appointee's name, and obligate the resolution professional to identify and report avoidance transactions by filing Form CIRP 8 on the Board's electronic platform for applicable CIRPs.

Loan guarantee scheme improves infrastructure liquidity; CAPEX frontloading and reduced performance security expedite project delivery.
Government measures for infrastructure relief include a loan guarantee framework and expanded emergency credit guarantees to ease liquidity, directives to frontload capital expenditure on infrastructure projects to accelerate implementation, and temporary procurement relaxations: reduction of performance security requirements for central government tenders and waiver of bid security to lessen upfront financial burdens on contractors.

Financial support for vaccine development affirmed, with allocations, disbursements and a policy of free vaccination for all citizens.
The Government provided financial support to public research institutes and private industry for COVID-19 vaccine development through the Department of Biotechnology and BIRAC, reporting allocations to nine private firms and corresponding disbursements; it also declares an entitlement to free vaccination for all citizens and records a dedicated Union Budget outlay with a commitment to provide additional funds if required.