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September 25, 2019
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Employment outlook reporting based on administrative payroll records informs national employment statistics and trends under formal employment frameworks.
The National Statistical Office released a press note presenting an Employment Outlook derived from administrative payroll and related records held by selected government agencies, emphasising the use of administrative data sources to compile national employment statistics and assess trends in formal employment; a detailed annex sets out methodology and datasets used.
September 24, 2019
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Fiscal devolution and state grants: Sikkim seeks enhanced transfers and compensatory support for policy and infrastructure needs.
The Fifteenth Finance Commission's meeting with Sikkim assessed the State's fiscal profile-high per capita income, low BPL, strong secondary sector share from hydropower and pharmaceuticals-alongside troubling features: high unemployment, low own tax revenues, reliance on Central transfers, falling non tax receipts, off budget borrowings, non performing PSUs, and power sector inefficiencies. The Commission noted the State FRBM framework and generally contained deficits, urged exploitation of hydropower and tourism potential, recommended corporatisation and unbundling of the power department, and recorded Sikkim's requests for compensatory treatment for organic farming, enhanced devolution, multi year and one time grants for local bodies and disaster management, and state specific grants.
September 23, 2019
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Panchayati Raj fiscal devolution flagged as inadequate; Commission to recommend measures to strengthen PRI revenue mobilisation.
The Commission noted that Sikkim reported devolution of all 29 Eleventh Schedule functions to 189 PRIs but that PRIs earn negligible own revenues and rely largely on central and state transfers. Audit observations and PRI representatives identified gaps: non implementation of the new accounting format, absence of a certification system for PRI accounts, and incomplete functional and accounting transfers. PRIs requested measures to mobilise own revenues (market fees, parking), immediate constitution of a Property Tax Board, and implementation of accounting and certification reforms; the Commission recorded these concerns for its recommendations.
September 23, 2019
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Bilateral investment facilitation advances regulatory fixes, judicial cooperation and mechanisms to expedite UAE India capital flows.
The Task Force serves to promote bilateral investments by addressing regulatory and transactional impediments, including the tax treatment of ADIA subsidiaries at ADGM, implementation of air services arrangements, resolution of DP World expansion issues, and use of the 'UAE PLUS' desk and 'Fast Track Mechanism' to expedite investment facilitation. It also prioritises bilateral judicial cooperation for recognition and enforcement of civil and commercial judgments and arbitration awards, renegotiation of the promotion and protection agreement into a Bilateral Investment Treaty, and expanded access for financial and technology services at ADGM.
September 21, 2019
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Foreign investment facilitation via a high level task force to solicit UAE FDI into eight priority Indian sectors.
A bilateral investment promotion meeting of the India-UAE High Level Task Force on Investment will be held to address investment obstacles and actively solicit UAE FDI into eight priority Indian sectors: petroleum and natural gas, food processing, civil aviation, railways, renewable energy, infrastructure, shipping and construction. The Task Force serves as an institutional mechanism to promote, facilitate and expand bilateral investment flows and cooperation.
September 20, 2019
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Taxation Ordinance introduces optional 22% and 15% corporate tax regimes for domestic companies and new manufacturers.
The ordinance creates two elective tax regimes for domestic companies: a 22 percent option requiring computation of total income without a specified set of deductions and without set-off of related carried-forward losses, and a 15 percent option for new domestic manufacturing companies meeting formation, commencement, asset-use and activity restrictions; each option must be exercised by the prescribed due date and, once exercised, applies to subsequent assessment years with limited withdrawal rights.
September 19, 2019
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Finance Commission visit to Sikkim to conduct stakeholder consultations informing fiscal devolution and allocation recommendations.
The 15th Finance Commission will visit Sikkim to conduct sequential stakeholder consultations with Rural and Urban Local Bodies, political parties, the State executive and senior officers, and with Trade and Industry representatives, supplemented by field site visits to inform its assessment for fiscal devolution and recommendations.
September 18, 2019
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Foreign Direct Investment policy reviewed across sectors, examining entry routes and sector-specific investment conditions.
Review of Foreign Direct Investment policy across multiple sectors focusing on examination of entry routes, sector-specific conditions, and procedural measures governing foreign investment, aimed at regulatory clarification and reassessment of policies and administrative rules.
September 16, 2019
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Intellectual property fee reductions boost MSME access to patents, designs and geographical indications, enhancing innovation incentives.
The Government lowered statutory IPR fees to enhance access for MSMEs and startups, cutting patent filing, examination (including expedited e examination), renewal fees, and reducing design and geographical indication registration and renewal fees, with separate rates for e filing and physical filing; draft GI Rule amendments have been notified and complementary awareness and procedural measures aim to increase filings and reduce pendency.
September 16, 2019
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Measures to boost economic growth: faceless tax assessment, export incentive reforms, housing finance support and liquidity measures.
Administrative reforms include a faceless e assessment regime with anonymous automated allocation and electronic communications, mandatory system Document Identification Numbers for all tax documents, time limited compounding of past offences to reduce prosecution pendency, and a calibrated prosecution policy limiting criminal proceedings for smaller taxpayers and requiring senior collegiate sanction for significant defaults. Export and trade measures replace legacy incentives with a new remission scheme, introduce fully automated GST input tax credit refunds, expand export credit insurance, revise priority sector lending for export credit, and implement digital facilitation (Online Origin Management, port/airport turnaround data) to reduce time to export. Housing measures relax ECB norms for affordable housing, lower House Building Advance rates linked to long term yields, and create a special funding window to complete viable projects.
September 13, 2019
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Goods and Services Tax reform and scheme rationalization drive advisory input ahead of finance commission final report.
Advisory Council deliberations addressed preparatory work for the Fifteenth Finance Commission's award period, focusing on the Commission's state visits, planned consultative engagement with the GST council, and interactions with external experts. The Council examined macroeconomic assumptions likely to inform the award-including real growth and inflation projections-and discussed GST administration and rationalization of Centrally Sponsored Schemes to inform recommendations on intergovernmental fiscal arrangements. The Council will meet again before the Commission's final report.
September 12, 2019
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Compulsory licensing confined to four industry categories; prior industrial-licence environmental clearance press note withdrawn.
Only four industry categories remain subject to Compulsory Licensing-cigars and cigarettes (tobacco and substitutes), electronic aerospace and defence equipment, industrial explosives, and hazardous chemicals-and because the Department for Promotion of Industry and Internal Trade no longer issues industrial licences outside those categories, the earlier press note on environmental clearance conditions for industrial licences is withdrawn as irrelevant.
September 12, 2019
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Licensing exemption for manufacture of defence parts clarifies no licence needed unless items are specifically listed; small arms exception remains.
No industrial licence or arms licence is required for manufacture of defence parts or accessories unless those items are specifically listed in the Annexures; the exemption does not affect the Ministry of Home Affairs' issuance of arms licences for small arms.
September 10, 2019
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ASEAN-India trade agreement reform to make the goods pact more user-friendly and facilitate trade and investment cooperation.
Ministers noted increased bilateral trade and FDI, welcomed full ratification of the ASEAN India Trade in Services Agreement and urged completion of ratification of the ASEAN India Investment Agreement. They agreed to review the ASEAN India Trade in Goods Agreement to make it more user friendly and to constitute the Joint Committee under Article 17 of AITIGA to manage that review, with officials to report at the next consultations. Ministers also supported business promotion events and cooperation in FinTech, connectivity, start ups, empowerment, and MSME development.
September 9, 2019
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Plastic Waste Management: DPIIT to collect industrial plastic via nationwide shramdaan and ensure recycling in cement kilns.
DPIIT will organise nationwide shramdaan on 2 October 2019 to collect plastic waste from industrial areas and ensure collected plastic is recycled in cement kilns, having requested States and Union Territories to mobilise Industrial Parks from 11 September 2019 and to set up nodal teams to monitor the campaign.
September 9, 2019
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State fiscal health under strain as rising debt and revenue-expenditure gaps raise fiscal sustainability and governance concerns.
Rajasthan faces a deteriorating fiscal position marked by a rising debt-to-GSDP ratio and divergence between revenue receipts and expenditure, compounded by pay-commission liabilities and losses in state enterprises. Operational weaknesses in the power sector, incomplete transfer of funds and functionaries to local bodies, acute water scarcity, inadequate transport infrastructure, and deficits in technical skills and social indicators constrain growth. The State proposes performance-linked indicators and integration of local bodies into the IFMS to improve fiscal monitoring, transparency and efficiency.
September 9, 2019
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Fiscal devolution: recommendations to account for contingent liabilities, incentivise water efficiency and strengthen local government finances.
Fiscal devolution and state fiscal management were addressed with emphasis on prudent deficit management that recognises contingent liabilities and preserves space for private investment. The meeting recommended that assessments incorporate the fiscal impact of power-sector corrections like UDAY, account for high costs of village-level water supply in deserts, and incentivise water use efficiency. It urged adherence to debt consolidation roadmaps, design of grants to permit project-level innovation, strengthening of local government resource mobilisation and accounting, and establishment of mechanisms to assess the impact of government schemes.
September 9, 2019
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Local government financial accountability weak; commission to address audit, reporting and fund-transfer gaps in recommendations.
The Commission met Rajasthan PRI representatives and found weak financial accountability and reporting: low audit certification rates and few accounts certified without qualification; limited closure of Priasoft yearbooks and under utilisation of the Model Accounting System for reconciliations. It also noted incomplete transfer of funds and functionaries for devolved functions and sizable unutilized closing balances in PRI funds. The Commission recorded these deficiencies and will address audit coverage, accounting practices, fund transfers and PRI reporting in its recommendations to the central government.
September 9, 2019
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Devolution to Urban Local Bodies reviewed due to weak accounting and governance; recommendations to reform municipal finance forthcoming.
Devolution of fiscal and functional responsibilities to Urban Local Bodies and municipal financial governance are central: most Twelfth Schedule functions are devolved though water supply is only partially devolved and urban planning not devolved; Rajasthan's ULBs exhibit weak financial reporting, incomplete account certification, large unutilized closing balances, multiplicity of bank accounts, and limited adoption of the National Municipal Accounts Manual and accrual accounting, issues the Commission will address in its recommendations to the Central Government.
September 7, 2019
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National infrastructure pipeline to identify and prepare investable projects enabling large-scale financing and private participation.
A Task Force, chaired by the Economic Affairs Secretary and comprising senior officials and the NITI Aayog CEO, will draw up a National Infrastructure Pipeline to identify technically feasible and financially viable greenfield and brownfield projects meeting readiness criteria (DPR, feasibility, financing plan, administrative sanction) for initiation in 2019-20 and to prepare an indicative pipeline for each fiscal year through 2024-25, while estimating capital needs, guiding financing sources, recommending monitoring measures to limit cost/time overruns, and facilitating private investment mobilisation.

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