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    India-Canada Annual Ministerial Dialogue Toronto, Canada
    3rd India and Canada Annual Ministerial Dialogue
    India climbs steadily in the Global Competitiveness Index; Improves its ranking by 16 places for the second year in a row;. Now placed 39th among 138 ...
    Cabinet approves India - Singapore MoU to give a boost to Innovation, Creativity and Technological Advancement
    Cabinet approves acquisition of 29.9 percent stake in LLC Taas-Yuryakh Neftegazodobycha and 23.9 percent stake in JSC Vankorneft by Indian Consortium
    Commerce and Industry Minister says that the Government is focussed to spend on infrastructure in a big way to create smooth logistics experience for ...
    Cabinet approves raising Extra Budgetary Resources to augment infrastructure spending
    Direct Tax Dispute Resolution Scheme, 2016 which has come into force from 1st June, 2016, can be availed up to 31st December, 2016
    Cabinet approves Cadre Review of Group 'A' Executive Officers of Border Security Force
    Cabinet approves initiation of the Third Phase of Technical Education Quality Improvement Programme (TEQIP)
    Central Assistance to Andhra Pradesh
    To boost the tourism in the State of Jammu & Kashmir, the Government has decided to extend the facility to travel by any airlines to visit Jammu & Kas...
    Commerce and Industry Minister says Government is working at various levels to make India an investor friendly destination
    CAG Readies to Meet Big Data Challenges Shri Shashi Kant Sharma Inaugurates Centre for Data Analytics
    Growth rate should be high if benefits of growth are to percolate down to all – Arun Jaitley
    Want India to become a pensioned and an insured society – Arun Jaitley
    Competition Commission of India (CCI) imposes penalties upon cement companies for cartelisation
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    September 30, 2016
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    CEPA negotiations advance as parties commit to expedite talks, address services movement, and institutionalise a CEO Forum.
    Negotiations under CEPA and FIFA were central, with both sides committing to expedite talks toward a balanced outcome while addressing sectoral sensitivities; modalities for services and movement of natural persons were discussed and Canada noted parliamentary review of temporary entry rules affecting Indian IT firms. Governments agreed to institutionalise a CEO Forum to channel private-sector recommendations, form sub-sectoral groups for preparatory work, and cooperate in international fora on trade facilitation in services and unresolved Doha Round items.
    September 29, 2016
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    Trade agreements drive negotiations to secure investment protection and expand market access while addressing labour and regulatory barriers.
    Advancement of bilateral trade and investment frameworks between India and Canada focuses on early negotiation and conclusion of Foreign Investment Promotion and Protection Agreement and Comprehensive Economic Partnership Agreement to provide a foundation for expanded two way commerce and investor protection. Complementary issues include labour mobility constraints from Canada's Temporary Foreign Worker Programmes affecting the Indian IT sector, regulatory equivalence by the Canadian Food Inspection Agency for Indian organic exports, promotion of bilateral FDI flows, and intellectual property commercial considerations.
    September 29, 2016
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    Global competitiveness rise reflects reform-driven gains in market efficiency and innovation, with GST expected to reduce market fragmentation.
    India's rise in the Global Competitiveness Index is attributed to structural reforms, increased public investment and improved institutional and macroeconomic conditions, producing gains across goods market efficiency, business sophistication and innovation; implementation of the Goods and Services Tax is expected to further reduce market fragmentation and enhance goods market efficiency while continued focus on institutional and regulatory improvements and investor protection remains necessary.
    September 28, 2016
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    Industrial Property Cooperation boosts bilateral IP capacity-building and innovation through expert exchanges and modernization partnerships.
    Approval of a Memorandum of Understanding (MoU) creates a bilateral framework for cooperation on Industrial Property Rights-patents, trademarks and industrial designs-centred on exchange of best practices, expert exchanges, dissemination of IP knowledge to industry and academia, joint IP-related training, and cooperation on automation and modernization projects to strengthen IP awareness, protection and the innovation ecosystem.
    September 28, 2016
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    Acquisition of foreign oil assets by Indian consortium expands overseas energy holdings and secures oil equivalent production and technology access.
    Approval is recorded for an Indian consortium of Oil India Limited, Indian Oil Corporation Limited and Bharat PetroResources Limited to acquire a 23.9 percent stake in JSC Vankorneft and a 29.9 percent stake in LLC Taas Yuryakh from Rosneft, described as a strategic addition to India's Exploration & Production portfolio to augment energy security by adding measurable oil equivalent production capacity and enabling technology collaboration with Rosneft and BP.
    September 22, 2016
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    Infrastructure-led logistics reform to improve industry supply chains through increased public investment and regulatory quality improvements.
    Government emphasises major infrastructure investment to create smoother logistics for industry and improve commercial efficiency. Industry-government engagement is essential to implement these measures; the policy aims to enhance regulatory quality without changing the frequency or intensity of interventions and highlights state-level progress on ease of doing business as part of efforts to improve the investment climate.
    September 21, 2016
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    Extra Budgetary Resources mobilisation approved to support infrastructure spending, with government to service part of issuers' debt via budget provisions.
    The Cabinet authorised mobilisation of additional Extra Budgetary Resources via bond issuance by specified public institutions and required the Government to service principal and interest for a portion of those issuances by making suitable budget provisions in the Demand of the respective Ministries/Departments, thereby supporting infrastructure spending and improving the revenue-capital mix of public expenditure.
    September 15, 2016
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    Direct Tax Dispute Resolution Scheme: penalty waivers and prosecution immunity available on payment of assessed tax and interest.
    The Direct Tax Dispute Resolution Scheme, 2016 permits taxpayers with pending appeals before the first appellate authority to settle disputes by paying assessed tax and interest in exchange for waiver or reduction of penalties and immunity from prosecution; an administrative circular of FAQs clarifies eligibility, treatment of penalty appeals, calculation of amounts payable, appeal withdrawal, payment intimation, and issuance of a certificate by the designated authority.
    September 12, 2016
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    Cadre review approval expands Group A executive cadre, creating senior posts and redistributing officer ranks in BSF.
    The Union Cabinet approved a Cadre Review of Group 'A' Executive officers in the Border Security Force, creating a net 74 posts and increasing Group 'A' sanctioned strength from 4,109 to 4,183 by adding senior and mid-level posts (including one Additional DG, 19 IG, 370 DIG/Commandant/21C and 14 Assistant Commandant posts) while reducing 330 Deputy Commandant posts to enhance operational and administrative capability.
    September 12, 2016
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    Technical education quality improvement approved as a Central Sector Scheme enabling direct funds transfer to beneficiary institutes.
    Cabinet approved TEQIP-III as a Central Sector Scheme to strengthen selected government and government-aided engineering institutes, affiliating technical universities and centrally funded technical institutions in designated Focus States/UTs, to be implemented with central funding complemented by external assistance and executed through Direct Funds Transfer to beneficiary institutes, with provisions for selection of participating institutes and twinning arrangements with high-performing institutions from earlier TEQIP phases.
    September 8, 2016
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    Special assistance under reorganisation law: Centre funds revenue shortfall, infrastructure and Polavaram irrigation execution by the State.
    The Central Government sets out fulfilment of commitments under the Andhra Pradesh Reorganisation Act and related instruments by compensating the State's revenue gap, providing targeted grants for backward areas and capital creation, and implementing statutory measures for national projects and fiscal incentives. It will fund 100% of the remaining irrigation component of the Polavaram Project from 1.4.2014 and allow the State to execute the project on behalf of the Centre. The release explains interaction with the Fourteenth Finance Commission and provides a five year special assistance measure via Central funding for externally aided projects, alongside enhanced tax devolution and revenue deficit grants.
    September 8, 2016
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    LTC travel entitlement extended: air travel by any airline permitted to Jammu & Kashmir under Special Dispensation Scheme.
    Extension of LTC entitlement to permit travel to Jammu & Kashmir by any airline under the Special Dispensation Scheme for Central Government employees, broadening permissible conveyance for eligible employees to promote tourism, operative for an additional two-year period beyond the previously prescribed cutoff and applying to travel undertaken pursuant to the Scheme by qualifying Central Government personnel.
    September 7, 2016
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    Intellectual Property Rights compliance affirmed; government pursuing investor-friendly reforms and ongoing free trade agreement reviews post-Brexit.
    Government seeks to make India investor friendly by removing regulatory obstacles and promoting transparent governance. The Intellectual Property Rights framework is stated to be TRIPS-compliant, providing protection and predictability. Review of Free Trade Agreements is ongoing as part of trade policy, and a bilateral post-Brexit FTA with the United Kingdom would be considered only after changes in the UK-EU relationship.
    September 6, 2016
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    Data analytics in public audit expands institutional capacity through a national centre to integrate big data into audit evidence.
    Establishment of a Centre for Data Management and Analytics to integrate big data into the public audit process, enhance the precision and efficiency of audit evidence, implement the Big Data Management Policy, and support Data Analytic Groups across audit offices through data management protocols, analytic tools, infrastructure, and capacity building.
    September 2, 2016
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    Minority protection: high economic growth plus education and skills are needed to secure inclusive opportunities for disadvantaged communities.
    High sustained economic growth is necessary for benefits to reach disadvantaged and minority communities; post liberalisation growth reduced poverty unevenly. Education and skills acquisition, including reform and technological support for madrasas, are the primary mechanisms to convert growth into opportunities. Engagement with welfare and credit schemes and targeted public-private educational partnerships, such as satellite delivery of English, maths and science, are promoted to improve access, employability and inclusive outcomes for minority youth and women.
    September 1, 2016
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    Social security: expand low cost insurance and pensions, using public insurer to widen coverage across society.
    The document prioritises strengthening social security by expanding pension coverage and affordable insurance-low cost life, accident, crop and health policies-while noting a withdrawn pension proposal due to unions. It identifies the Life Insurance Corporation as the principal institutional vehicle to deepen penetration and finance growth, and records LIC's declaration of a special bonus and the launch of a new policy to broaden insurance uptake.
    September 1, 2016
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    Cartelisation in cement industry leads to penalties and cease and desist directives on price and production coordination.
    CCI found ten cement manufacturers and their trade association guilty of cartelisation for exchanging competitively sensitive information on prices, capacity utilisation, production and dispatch, thereby restricting production and fixing prices in breach of Section 3(1) read with Sections 3(3)(a) and 3(3)(b) of the Competition Act. Penalties were imposed and the parties were directed to cease agreements on prices, production and supply, with CMA ordered to stop collecting or circulating price and production data.

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