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    RECLAIMING MULTILATERALISM
    Development of Vizag-Chennai Industrial Corridor
    Setting Up of Industrial Cities
    Review Session to Promote Connectivity through Digital Trade
    English rendering of the Prime Minister’s statement ahead of the beginning of the Monsoon Session of Parliament on 17.7.2017
    European Union & India establish an Investment Facilitation Mechanism
    DIPP to set up India’s first TISC in Punjab
    ITPO SIGNS MoU 2017-18 WITH DoC
    Workshop on Enforcement of Intellectual Property Rights for Police Officials in collaboration with Telangana Police.
    Cabinet approves Joint Interpretative Notes on the Agreement between India and Bangladesh for Promotion and Protection of Investments
    Commerce and Industry Minister says GeM has ensured transparency and reduction in costs in public procurement
    Concepts of GST: Registration and Migration
    Scheme for IPR Awareness – Creative India; Innovative India
    Rashtriya Chemicals & Fertilizers Ltd (RCFL) OFS oversubscribed 2.82 times; Retail portion oversubscribed by 5.62 times while Non Retail portion by 2....
    Cabinet approves recommendations of the 7th CPC on allowances
    The Central Board of Direct Taxes (CBDT) entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers;
    Commerce and Industry Minister writes to Members of Parliament to consider setting up co-working spaces/incubators for Start-ups
    India Signs Loan Agreement with the World Bank for USD 35 Million for “Assam State Public Financial Institutional Reforms Project”
    PFRDA conducts workshop on National Pension System (NPS) for Corporates in coordination with FICCI at Bhubaneswar today; More than 10.83 lacs subscrib...
    Training of Trainers Programme on Capacity Building for Six Waste Management Rules (2016) - National Productivity Council
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July 19, 2017
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Multilateralism needs action: strengthen WTO dispute settlement, curb protectionism, and advance development-focused trade reforms now.
The address defends the WTO and its Dispute Settlement Mechanism, underscores the development mandate of the Doha Round, and explains India's cautious negotiating stance as rooted in domestic development imperatives. It calls for systemic reforms-Appellate Body term structure and more inclusive ministerials-measures to counter protectionism (SPS evidence disclosure, conversion of non ad-valorem tariffs, sunset on anti-dumping), revitalized services negotiations, and development-focused outcomes on food security, duty-free access for LDCs, and TRIPS-biodiversity linkages.
July 19, 2017
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Project financing secured for Vizag-Chennai industrial corridor through multilateral loans and state counterpart funding commitment.
Government concurrence was obtained to engage a multilateral development institution to prepare a feasibility study and Conceptual Development Plan for an East Coast Economic Corridor; the first phase, the Vizag-Chennai Industrial Corridor, is being implemented by the State Government, with multilateral loans and grants approved for the segment and the State required to provide counterpart funding.
July 19, 2017
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Industrial city development: approved trunk infrastructure for identified Maharashtra nodes under Delhi-Mumbai Industrial Corridor project.
The Government approved construction of trunk infrastructure and landscaping for Phase 1 of the Shendra Bidkin Industrial Area (SBIA) covering 8.39 sq km in the Shendra region, and further approved trunk infrastructure for Phase II of Part I of SBIA (the Bidkin region) covering 31.79 sq km, as part of Phase 1 development of designated Investment Regions/Industrial Areas under the Delhi-Mumbai Industrial Corridor project.
July 19, 2017
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Digital trade definitions need clearer WTO deliberation to address the digital divide and support inclusive trade integration.
The Review extends Aid for Trade analysis to digital trade, highlighting the digital divide's economic impacts and the need for policies to improve connectivity for firms, women and SMEs; India seeks WTO deliberation to clarify digital trade definitions, follows consultative FDI policy formulation, and prioritizes implementation and a permanent approach to public stockholding for food security in WTO negotiations.
July 17, 2017
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Parliamentary session: foster collaborative dialogue under GST spirit to advance national priorities and upcoming presidential elections
Monsoon Session of Parliament is inaugurated emphasising cooperative legislative engagement in the national interest, with the recent implementation of GST presented as a model of consensus-driven reform. Members and political parties are urged to pursue constructive, value-adding dialogue to enable major national decisions, including the election of the President and Vice President, and to address national priorities while recognising farmers' role in food security.
July 14, 2017
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Investment Facilitation Mechanism creates coordinated single window support to resolve procedural hurdles and boost EU investment in India.
An Investment Facilitation Mechanism was established to coordinate EU-India engagement on EU investments, requiring regular high-level meetings between the EU Delegation and DIPP to identify and resolve procedural impediments for prospective and existing EU investors. Invest India will act as the single-window entry point for investor assistance, while DIPP will facilitate participation of other central and state authorities as needed, aligning the mechanism with ease-of-doing-business objectives and the EU-India strategic partnership.
July 13, 2017
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Technology and Innovation Support Center expands local patent and IP support, enabling innovators to access technology information and management services.
Establishment of a Technology and Innovation Support Center (TISC) at the Patent Information Centre, Punjab to provide local access to WIPO-backed technology information and services, promote a balanced national IPRs ecosystem, and connect the host to the global TISC network. Services include online patent and technical resources, assistance with technology searches and database training, on demand novelty and state of the art searches, monitoring, and basic industrial property law and commercialization guidance. The Cell for IPR Promotion and Management (CIPAM) is designated National Focal Point to identify host institutions, support their participation, liaise with WIPO and coordinate the national network.
July 12, 2017
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MoU sets performance targets and commitment to achieve excellent rating despite project-related implementation risks.
A MoU between India Trade Promotion Organisation and the Department of Commerce sets annual performance and financial targets with self-evaluation against those targets, records an expected "Excellent" rating for 2016-17, fixes an "Excellent" revenue target for 2017-18, and notes that an ongoing Redevelopment Project may impede attainment of some targets while ITPO commits to striving to meet prescribed benchmarks and maintain stakeholder services.
July 12, 2017
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IPR enforcement training strengthens police capacity to combat counterfeiting and piracy using a national toolkit and practical workshops.
Capacity building workshops teach police officials substantive and practical aspects of IPR enforcement, focusing on counterfeiting and piracy. An IPR Enforcement toolkit distributed to police departments and industry associations supplies offence summaries, complaint registration checklists, and suggestive guidelines for searches and seizures to assist investigations of trademark and copyright infringements.
July 12, 2017
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Interpretation of investment treaty terms clarified: joint notes define investor, investment, treatment standards and dispute settlement.
Approval of Joint Interpretative Notes provides interpretative guidance on the definition of investor and investment, excludes taxation measures from treaty scope, clarifies Fair and Equitable Treatment, National Treatment and Most Favoured Nation treatment, and addresses expropriation, essential security interests and settlement of disputes between an investor and a contracting party, aiming to supply jointly adopted positions with persuasive value for tribunals and foster predictable treaty interpretation.
July 11, 2017
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Transparency in public procurement promoted through GeM platform, reducing costs and enabling prompt payments and digital workflows.
GeM functions as a national e-procurement portal designed to introduce transparency in public procurement, streamline procurement workflows, centralize product and service listings, and ensure prompt payments within ten days of delivery. A national consultative workshop aims to accelerate state-level adoption, demonstrate usability, onboard buyers and sellers, and identify suggested amendments to procurement rules and regulations to facilitate seamless implementation aligned with Digital India objectives.
July 8, 2017
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GST registration and migration: activate provisional ID, complete Part B with documents to obtain permanent registration.
Registration under GST is PAN based and statewise, required for taxpayers above turnover thresholds, inter state suppliers, casual/non resident taxable persons and those subject to reverse charge. Enrollment on the GST portal generates a Provisional ID which must be activated and followed by Part B migration with business and promoter details and prescribed documents to obtain an ARN, Provisional Certificate and eventual Permanent Registration Certificate subject to verification and prescribed response timelines.
July 7, 2017
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IPR awareness initiative to expand national workshops and training, promoting creation, innovation and protection of intellectual property.
A national Scheme for IPR Awareness has been launched to raise understanding of intellectual property rights among students, youth, authors, artists, inventors, professionals, startups and MSMEs, and to provide IP training for enforcement agencies and the judiciary. The Scheme will run across urban and rural areas through partner organizations, delivering workshops and seminars covering international filing procedures, promotion of Geographical Indications, and the harms of piracy and counterfeiting.
July 1, 2017
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Offer-for-sale divestment results in marked oversubscription and a reduction in government shareholding after allocation.
Offer-for-sale divestment by Rashtriya Chemicals & Fertilizers Ltd saw the retail tranche oversubscribed ~5.62 times and the non-retail tranche ~2.14 times, producing an overall subscription of ~2.83 times for a 5% equity divestment. The OFS attracted demand well above the floor-priced shares offered, and completion of the sale will reduce government shareholding in the company to 75%.
June 29, 2017
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Allowances reform via Risk and Hardship Matrix reshapes pay protections and raises targeted operational and welfare allowances.
Cabinet approved modifications to the 7th CPC allowances effective 1 July 2017, retaining and enhancing selected allowances, instituting a Risk and Hardship Matrix to govern risk/hardship rates with two slab rates per cell and an RH Max cell, setting minimum floors and accelerated revision triggers for House Rent Allowance, substantially increasing Siachen and several operational allowances, consolidating uniform payments into a Dress Allowance, subsuming certain locality allowances into a Tough Location Allowance, and increasing selected education, childcare, qualification and pensioner medical allowances while rationalising the total number of allowances from 197 to 128.
June 28, 2017
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Advance Pricing Agreement provides transfer pricing certainty across future and prior years through pre-agreed pricing methods.
The APA scheme prescribes methods for determining the arm's length price of international transactions in advance, fixing transfer pricing methodology for a specified forward period and permitting a rollback option for preceding years to extend certainty. The mechanism provides multi year tax certainty to multinational enterprises by pre agreeing pricing approaches and supports a non-adversarial tax regime.
June 28, 2017
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MPLADS funding for startup co working spaces urged to strengthen infrastructure and accelerate local entrepreneurship ecosystem.
Minister requests Members of Parliament to use MPLADS funds to establish co working spaces and incubators for Startups in their constituencies to address infrastructure constraints, support commercialization of ideas, provide mentorship and networks, and promote employment as part of the Startup India initiative.
June 28, 2017
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Loan agreement for state public financial reforms to improve budget execution predictability and tax administration efficiency.
The Government of India and the World Bank executed an IBRD Credit loan agreement and an Implementing Entity Agreement with the Government of Assam to fund the Assam State Public Financial Institutional Reforms Project, financing USD 35 million from the Bank and additional co-financing from the State for a five-year programme. The project targets improved predictability and transparency in budget execution and greater efficiency in tax administration through electronic payments and collections, public procurement improvements, and enhanced taxpayer services.
June 24, 2017
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National Pension System reforms enable easier fund transfers, flexible investment choices, digital onboarding, and lower contribution thresholds.
PFRDA promoted NPS to corporates, outlining employer onboarding, annuity options, transfer of superannuation/recognized provident funds, and operational reforms including electronic e-sign onboarding, biannual investment allocation changes, a new Alternative Investment Fund asset class, additional lifecycle funds, and a reduced Tier-I minimum annual contribution requirement to facilitate corporate and all-citizen uptake.
June 22, 2017
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Waste Management Rules capacity building trains master trainers to strengthen urban local bodies' implementation under a national project.
Six Waste Management Rules (2016) are the subject of a national capacity building project to strengthen Urban Local Bodies and stakeholders in collection, treatment and disposal of wastes, promote 3Rs, disseminate good practices, and support integrated waste management. A national implementing arrangement designates a programme coordinator and implementing agency to convene a Training of Trainers to create Master Trainers who will cascade technical guidance to identified cities.

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