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    August 31, 2013
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    Economic policy deliberation shaping corporate finance, marketing evolution, and greener supply chains to inform sustainable growth approaches.
    The summit convened panels on finance, marketing, and operations that provided policy-relevant insights: finance sessions emphasised managing nonperforming assets, balancing debt and equity according to risk profiles, and interpreting economic cycle signals for corporate capital strategy; marketing panels addressed brand evolution amid technological change and rising consumer power; operations discussions advocated energy-efficient, greener, and integrated supply chains as mechanisms to sustain competitiveness and inform sustainable growth policy choices.
    August 31, 2013
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    Family pension grievance handling: centralized monitoring and forwarding to processing centres ensures settlement and no pending arrears.
    Family pension grievances registered with CPAO from 25 March 2011 to 22 August 2013 (541 cases, 200 in 2013) were forwarded to authorised Central Pension Processing Centres and concerned Pay & Accounts Offices/Heads of Office and monitored by CPAO until settlement; as of 23 August 2013 no grievances relating to non payment of family pension arrears remained pending at CPAO.
    August 30, 2013
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    Voluntary compliance scheme for service tax encourages declarants by waiving penalties and interest subject to staged payment.
    The scheme allows eligible service providers who failed to file, register or remit service tax for October 2007-December 2012 to make a true declaration and receive waiver of interest, penalty and other consequences if they meet staged payment conditions: an initial payment by the first deadline and the balance by a later deadline without interest, with interest applying only to amounts unpaid after the later deadline.
    August 30, 2013
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    Technology Upgradation Fund Scheme continuation expands subsidies and introduces hire purchase to modernise the textile and powerloom sector.
    Continuation of the Technology Upgradation Fund Scheme concentrates federal incentives on textile modernisation with emphasis on powerlooms: raising capital subsidy, increasing interest reimbursement for new shuttleless looms while reducing it for second hand imported looms, expanding margin money subsidy and subsidy caps, increasing support for handloom and silk sectors, removing sectoral caps except for spinning, and introducing a hire purchase pilot for new shuttleless looms to enable small weavers to upgrade through instalments.
    August 29, 2013
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    Economic situation: government attributes difficulty to domestic and international factors and will issue a statement tomorrow.
    Economic difficulties are described as arising from domestic factors and international shocks - notably changes in US monetary policy and geopolitical tensions affecting oil prices - and the Prime Minister indicates readiness to deliver a detailed statement the following day after reflection.
    August 29, 2013
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    Local currency trade swaps examined to enable bilateral settlement using national currencies and assess operational risks and benefits.
    A Task Force has been constituted to evaluate using partner national currencies for trade settlement, with a mandate limited to examining operational swap of national currency for trade, assessing advantages and disadvantages, implementation implications, and settlement mechanisms; this remit is explicitly distinct from central bank currency swap agreements.
    August 27, 2013
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    Commission regulation for insurance agents sets prescribed rates for linked and non linked products, impacting first year premium trends.
    Commission rates for insurance agents are prescribed by IRDA: Regulation (9) of the Linked Insurance Products Regulations, 2013 sets commission levels for linked products and Regulation (21) of the Non Linked Insurance Products Regulations, 2013 prescribes commission norms for non linked products. The document also reports three year first year premium trends showing recent negative growth attributed to economic conditions.
    August 27, 2013
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    Acceptance of government certificate as proof of death to expedite insurance claim settlement for disaster-affected policyholders.
    Insurers are directed to accept a government department certificate as proof of death for missing persons and to adopt administrative relaxations to expedite claim settlement: simplified claim formats, dedicated help desks, and relief camps to assist lodging and processing, implemented via insurer circulars and IRDA guidance to ensure proactive settlement consistent with policy terms.
    August 27, 2013
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    Repayment of Government Securities requires bank mandate for electronic credit or surrender of securities for pay order payment.
    Payment of maturity proceeds to registered holders in Subsidiary General Ledger, Constituent Subsidiary General Ledger or stock certificate form shall be made by a pay order incorporating the holder's bank particulars or by credit to a bank account able to receive funds electronically; holders must submit bank particulars in advance, or in absence of such particulars may tender duly discharged securities at designated Public Debt Offices, Treasuries/Sub Treasuries or specified bank branches twenty days before maturity to obtain the discharge value.
    August 26, 2013
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    Price stabilisation fund reform proposed to cover key plantation crops following regulator consultations and approval process.
    A Modified Price Stabilisation Fund (MPSF) Scheme is being finalized following stakeholder deliberations and consultations with market and agricultural regulators, to be submitted for competent authority approval. The proposal would cover tea, coffee, rubber and cardamom and focuses on strengthened implementation, awareness creation, and popularization to improve scheme effectiveness.
    August 26, 2013
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    Pharma patent grants reported for recent years show distribution trends; detailed records available on official patent office website.
    Pharmaceutical patent grants are reported as annual counts summarising patents issued in the sector, with aggregate figures and year-by-year totals provided; the summary directs readers to the national patent office website for detailed records of filing and grant dates and notes the data were disclosed in a written parliamentary reply.
    August 26, 2013
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    Industrial infrastructure upgradation: scheme recast and modified scheme introduced to support cluster common facilities and green initiatives.
    The Industrial Infrastructure Upgradation Scheme (IIUS), notified in 2003 and recast in 2009, was succeeded by the Modified Industrial Infrastructure Upgradation Scheme (MIIUS) notified w.e.f. 18.07.2013 for new projects in the 12th Five Year Plan. Nine projects were sanctioned under IIUS up to 2012-13 with annexed financial details for water, drainage and road works, and some sanctions withdrawn where implementation did not begin. A 2011 National Productivity Council evaluation found IIUS promoted common facilities and green initiatives in SME clusters, informing the introduction of MIIUS.
    August 26, 2013
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    Manufacturing sector growth: government release links divergent subgroup performance to macroeconomic and external demand pressures.
    The release presents IIP growth rates and weights for manufacturing and specified NIC two digit industry subgroups over three years, showing divergent subgroup performance and aggregate manufacturing trends reported by the Central Statistics Office. It attributes adverse effects on industrial production to demand and supply factors-currency devaluation, inflation, rising input costs, declining external demand and global slowdown-and records this information as provided by the Minister of State in a parliamentary written reply.
    August 26, 2013
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    Placement portal launch creates a free online recruitment platform linking members and corporates for company secretary roles.
    Launch of a Placement Portal by the Institute of Company Secretaries of India creates a free online platform where corporates register and post vacancies for company secretaries and Members apply directly to employers, with continuous access to streamline recruitment and Member employment services.
    August 23, 2013
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    Interest Subvention Scheme extended to private banks and additional timely-repayment subsidy for short-term crop loans continued.
    The Interest Subvention Scheme provides subsidised short-term crop loans at a concessional interest rate with an additional timely-repayment incentive; both the base subvention and the additional incentive were extended for the stated extension period. The scheme's coverage was expanded to include private sector banks from the extension year, while public sector banks continue to participate; the summary also reports public sector bank agricultural exposures and the shares attributable to marginal and small farmers as of the reporting date.
    August 14, 2013
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    Payment delays to empanelled hospitals prompt online bill processing rollout to expedite payments across regional centres
    Some empanelled hospitals withdrew services due to payment delays caused by manual bill processing through Station Commanders and Senior Executive Medical Officers without additional authorised staff. To expedite payments, on-line processing of empanelled hospital bills commenced w.e.f. 1 April 2012 and has been implemented in 10 of the 28 Regional Centres.
    August 14, 2013
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    Trade liberalization: India and Pakistan expanded tradable items and eased investment restrictions to deepen bilateral commerce.
    Bilateral commerce is conducted mainly via Mumbai-Karachi sea and Attari-Wagha land routes, with trade values reported for recent years and incidents on the Line of Control not affecting trade. Pakistan shifted from a Positive List to a Negative List, expanding tradable goods with India; India liberalised restrictions on inward/outward investment with Pakistan. Both sides agreed a roadmap for Preferential Trading Arrangements under SAFTA and established institutional mechanisms including ministerial dialogues and a Joint Business Forum to promote bilateral trade.
    August 14, 2013
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    National Investment and Manufacturing Zones approval requires state development of zones before private investment can occur, clarifying precondition.
    In-principle approval was accorded for National Investment and Manufacturing Zones (NIMZs) in Chittoor, Medak and Prakasam, subject to the State Government developing the zones before any private investment may take place; this information was provided in a written reply by the Minister of State.
    August 14, 2013
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    Preferential Market Access paused pending recalibration over private procurement and security concerns affecting implementation.
    The government suspended implementation of the Policy for Providing Preference to Domestically Manufactured Electronic Goods (Preferential Market Access) pending recalibration after concerns were raised, especially about private-sector procurement of security-sensitive electronic products; the pause is administrative and does not set out substantive amendments or timelines.
    August 14, 2013
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    Industrial Infrastructure Upgradation Scheme enables cluster funding and common infrastructure to strengthen small and medium industries' competitiveness.
    Setting up of industrial clusters under the Industrial Infrastructure Upgradation Scheme involved sanctioning and central grant approvals/releases to multiple sector-specific projects with indicated shares of small and medium industries; some sanctions were withdrawn for non implementation. The Scheme provides need based common infrastructure such as R&D labs, skill upgradation centres, modern testing and prototype facilities to enable cluster access to modern technology and accelerate enterprise development.

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