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    NITI Aayog Website Launched
    Government betters its own Financial Targets During 2014-15; Fiscal Deficit for the Financial Year 2014-15 stands at 4.0 % as against the Target of 4....
    Index Numbers of Wholesale Price in India (Base: 2004-05=100)
    Approval for Permitting 100 percent equity divestment after two years of construction completion for all BOT projects
    Officers of CBDT Dealing with International Taxes have been Advised Not to Take any Coercive Action Against FIIs for Recovery of Demand Already Raised...
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May 18, 2015
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Public information access: a government institution launched a beta website to publish mandates, reports and official commentary.
The beta launch of the institution's public website establishes an online channel for transparency and dissemination by publishing its constitutional mandate, functions, activities and initial reports, and adds a blogging feature for articles, field reports, work in progress and official opinions; the final site is under construction and will be updated.
May 18, 2015
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Fiscal consolidation momentum: fiscal deficit improved and revenue deficit narrowed, reinforcing budgetary prudence and provisional accounts status.
The Government reports provisional 2014-15 fiscal outcomes showing a fiscal deficit of 4.0% of GDP and a revenue deficit of 2.8% of GDP versus revised estimates, describing these results as evidence of continued fiscal consolidation. Accompanying data indicate growth in gross tax collections, higher tax devolution to States, non-tax and non-debt capital receipts meeting substantial proportions of revised estimates, and Plan and Non-Plan expenditures close to their revised estimates.
May 14, 2015
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Wholesale Price Index shows deflationary trend with annual inflation remaining negative in April; commodity groups diverged.
The release reports the WPI (Base 2004-05=100) for April 2015 at 176.0 (provisional), a 0.1% monthly decline, with annual inflation based on monthly WPI at -2.65% (provisional). It details movements in the three major groups-Primary Articles (up 0.9%), Fuel & Power (down 1.7%) and Manufactured Products (down 0.1%)-and provides annexed tables of indices and six month trends for major groups and selected sub groups.
May 13, 2015
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Equity divestment rights permit full post completion sale of concessionaire stakes, freeing capital to support new highway PPP projects.
Approval permits concessionaires in BOT highway projects to divest 100 percent equity two years after construction completion, harmonising pre 2009 and post 2009 concessions to unlock equity for reinvestment. NHAI is authorised to provide loans from its corpus to advanced stage stalled PPP projects lacking equity or lender disbursement, to be repaid with interest as the first charge on toll receipts after completion and subject to an eligibility and funding need mechanism.
May 11, 2015
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Minimum Alternate Tax moratorium: suspension of coercive recovery against foreign institutional investors pending committee review.
Tax officers are directed to suspend coercive action for recovery of Minimum Alternate Tax (MAT) demands against foreign companies, especially FIIs, and to hold issuance of fresh reopening notices and completion of assessments, except where statutory limitation requires action.
May 11, 2015
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Public sector e commerce facilitation centralises parcel processing and digital tracking to expand rural market access and logistics efficiency.
A government-operated e-commerce processing centre centralises parcel handling and dispatch using mechanised sorting and technology-driven workflows to increase speed, reliability and secure processing for private e commerce firms, while supporting rural market access. The initiative is complemented by a postal mobile application offering real time tracking, branch search and postage calculation to improve transparency and customer access, and is presented as part of a mission mode digitalisation strategy requiring workforce adaptation and departmental support.
May 8, 2015
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Supply of cement below market price: government entities may procure directly at quoted ex-factory rates from manufacturers.
The Ministry invited bids for cash-and-carry supply of cement to government entities; manufacturers offered various grades at below market rates with quoted ex-factory prices and one-year validity. Deliveries shall be arranged by manufacturers directly to government organizations, corporations, local bodies and contractors on receipt of supply orders from consignees, with rates exclusive of taxes and subject to published terms and conditions.
May 8, 2015
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Minimum Alternate Tax exemption for foreign investors to apply prospectively; committee review and court hearing sought.
The Finance Bill 2015-16 grants a prospective exemption from Minimum Alternate Tax for Foreign Institutional Investors; retrospective exemption was precluded by a 2012 Authority for Advance Rulings decision and pending Supreme Court litigation. The Government has asked for an early hearing and referred the MAT on FIIs issue and other legacy tax matters to a Committee chaired by Justice A.P. Shah for expedited recommendations, which it will consider for prompt action.
May 8, 2015
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Special 301 action pressures enhanced IPR protection, placing India on a priority watch list contrary to WTO dispute norms.
India's placement on the Priority Watch List results from the unilateral use of Special 301 to press for IPR protection beyond the TRIPS Agreement. The measure is characterised as an extraterritorial application of domestic law that operates outside the WTO dispute settlement framework and is therefore inconsistent with established WTO norms.
May 8, 2015
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Product quality standards expanded under fast track Make in India initiative to reduce manufacturing defects and boost compliance.
Formulation and adoption of Indian standards by the Bureau of Indian Standards is being expanded across automotive, food processing, textiles, electrical machinery and electronic gadgets, with additional subjects fast tracked under the Make in India initiative to strengthen product quality specifications and minimise manufacturing defects; this update was reported by the Minister of State in a written parliamentary reply.
May 8, 2015
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MAT exemption for foreign institutional investors announced; government seeks committee review and supports expedited legal resolution.
The Finance Bill 2015-16 grants a prospective exemption from Minimum Alternate Tax (MAT) to Foreign Institutional Investors (FIIs); retrospective exemption was not possible because of a prior Authority for Advance Rulings decision and pending litigation. The Government signalled no objection to expedited hearing of the case and has referred the MAT-on-FIIs issue and other legacy tax matters to a Committee chaired by Justice A.P. Shah for recommendations, reaffirming commitment to tax certainty, avoidance of retrospectivity, and an enabling investment environment.
May 7, 2015
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Replacing multiple prior permissions invites public suggestions to design a regulatory mechanism and draft enabling legislation.
An Expert Committee will inventory existing prior permissions, examine replacing them with a pre-existing or proposed regulatory mechanism, identify and integrate safeguards, recommend a framework for the proposed mechanism, and draft enabling legislation; public suggestions are invited to inform the process.
May 7, 2015
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Budget implementation monitoring ensures rapid operationalisation of railway service and infrastructure reforms through online tracking.
A centrally directed, time bound implementation regime requires comprehensive action plans, multilayered periodic reviews and deployment of a web based monitoring platform, E-Samiksha, to enable real time supervision, grievance tracking and coordination across Railway Board, zonal and divisional levels for delivery of passenger service, safety, infrastructure and institutional reform measures.
May 6, 2015
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Public stockholding safeguards secure developing countries' food procurement policies while negotiations for a permanent WTO solution continue.
The WTO General Council Decision establishes a mechanism under which Members will not challenge public stockholding programmes of developing countries with respect to certain obligations in the Agreement on Agriculture, to remain in place in perpetuity until a negotiated permanent solution is agreed and adopted, thereby preserving operational space for India's Minimum Support Price policy while committing Members to negotiate a permanent solution.
May 6, 2015
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Core industry growth slowdown highlights production shortfalls and prompts government policy and infrastructure measures to revive output.
The Index of Eight Core Industries recorded a fall in cumulative growth to 3.5% in April-March 2014-15 from 4.2% previously, with crude oil, natural gas, refinery products, fertilizers and steel contributing to the lower overall growth. Key causes include ageing fields, water/sand ingress, environmental constraints, shutdowns and accidents, gas and raw material shortages, and procedural and infrastructural bottlenecks. The Government is implementing policy, procedural, infrastructure and input-availability measures to revive production; this was stated in a written parliamentary reply by the Minister of State (Independent Charge) for Commerce & Industry.
May 6, 2015
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MoUs advance FDI and technology transfer, promoting manufacturing growth and employment through cross-border industrial collaborations.
Various Indian industries entered into Memorandum of Understanding arrangements with German counterparts to establish collaborative manufacturing, engineering, energy and environmental projects covering technology transfers, joint ventures and cooperation in areas such as control valves, solar and wind energy, machine tools, water and wastewater treatment, smart grids, advanced diesel engines and railway cranes, described as mechanisms to attract Foreign Direct Investment, import technology, strengthen manufacturing and support employment generation.
May 6, 2015
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FDI liberalization expands sectoral foreign investment access and automatic routes, permitting broader foreign participation under conditions.
The Government's Make in India framework advances regulatory simplification and infrastructure development to promote manufacturing and investment, pairing eased licensing and streamlined IP procedures with national skill development. It concurrently implements targeted FDI liberalisation-including raised caps, case-by-case approvals for advanced defence technology, and automatic-route foreign investment for rail project construction, operation and maintenance-while 25 ministries adopt short- and medium-term action plans. An Investor Facilitation Cell in Invest India provides a dedicated team to assist investors.
May 6, 2015
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Prior permission reform: committee to design regulatory mechanism with integrated safeguards and draft enabling legislation.
An Expert Committee will inventory existing prior permissions, assess replacing them with a regulatory mechanism, identify and integrate necessary safeguards, recommend a framework for that mechanism, and draft the implementing legislation.
May 6, 2015
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Definition of income aligned with ICDS, leaving individual welfare subsidies like LPG subsidy unaffected under specified applicability.
The Finance Bill aligns the statutory definition of income with Income Computation and Disclosure Standards (ICDS), which apply only to persons with income chargeable under the heads Profits and gains of business or profession or Income from other sources who follow the mercantile system of accounting; accordingly LPG subsidy and other welfare subsidies received by individuals not falling under those ICDS-applicable categories are not affected.
May 6, 2015
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Social security schemes expand affordable insurance and pension access through bank auto debit, enabling broader life, accident and old age coverage nationwide.
Launch of three national social security schemes establishes insurance cover for death and accidental disability and an old age pension mechanism, delivered via bank account auto debit to expand affordable coverage and address low existing penetration of life, accident and retirement income products.

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