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August 4, 2014
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Foreign investment policy relaxations enable industrial investment via higher FDI caps, eased norms, corridors and single window clearances.
The Government enacted coordinated fiscal, regulatory and administrative measures to stimulate industrial investment, including excise concessions, corrections to duty structures, liberalization of foreign investment policy with higher composite caps and eased FDI norms for smart city development, incentives for REITs and InvITs, development of industrial corridors, de licensing and simplified approvals, and consolidation of central clearances through the e Biz single window platform.
August 2, 2014
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Basic Savings Account enables welfare scheme beneficiaries to open zero-deposit post office accounts to receive government transfers.
A new Basic Savings Account category permits adult individuals and guardians of minors who are registered beneficiaries of government welfare schemes to open a zero deposit post office account to receive government transfers; generally, post office small savings products are available to adults of sound mind or to guardians for minors, with the Senior Citizens Savings Scheme requiring a specified minimum retirement age at opening.
August 2, 2014
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Ban on creation of new posts limits new recruitment; ministries may approve exceptions with functional justification.
Central Government civilian employment shows sanctioned strength of 3,684,543 and 3,084,530 employees in position, with group-wise shortfalls noted. Government Economy instructions impose a ban on creation of new posts, while allowing case-by-case approvals for new posts supported by functional justification; Ministries must review vacancies against workload and fill posts per existing guidelines.
August 2, 2014
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Establishment of a regional development bank to finance infrastructure and sustainable development projects across member states.
The BRICS signatories executed an intergovernmental agreement to establish the New Development Bank to support public and private infrastructure and sustainable development projects through loans, guarantees, equity participation and other financial instruments, to cooperate with international and national entities within its mandate, and to provide technical assistance; establishment is conditional on each signatory depositing an instrument of acceptance, ratification, or approval in accordance with its domestic law.
August 1, 2014
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Digital Branches rollout initiated by SBI, expansion contingent on performance after initial branches launch phase.
State Bank of India initiated the launch of six Digital Branches on 1 July 2014 across specified cities; the Digital Branches concept is an internal bank initiative and further expansion is conditioned on the operational success of these pilot branches, as communicated in a written parliamentary reply by the Minister of State for Finance.
August 1, 2014
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Insurance claim settlement procedures: regulatory monitoring and inspections ensure compliance with statutory claim and indemnity standards.
Life-insurance death claims are settled under the statutory life-insurance claim regime and applicable contestability norms, while non-life claim settlement depends on the sum insured, policy terms and the principle of indemnity. The regulator collects claim data, monitors repudiated and outstanding claims, conducts periodic onsite inspections of insurers' claim procedures, and initiates regulatory action where deviations from statutory or regulatory standards are identified.
August 1, 2014
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Accessible currency: braille-like signs on banknotes announced to enhance usability for visually impaired persons and financial inclusion.
Printing of currency notes will include Braille-like signs to assist visually challenged persons, an administrative decision announced in the budget speech to adapt note design for disability inclusion and improve financial accessibility, communicated to the legislature in response to a query.
August 1, 2014
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Payment routing and processing: banks pay network fees to NPCI, Visa and Master Card for card transactions.
Domestic production covers most magnetic stripe cards while most EMV smart cards are manufactured abroad. ATM debit traffic is routed via the national interbank switch with banks paying network fees; POS and e commerce debit and all credit card transactions are routed and processed by international card schemes, with banks paying processing fees to those schemes.
August 1, 2014
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Annuity requirement on NPS exit mandates majority of pension wealth for monthly pension, balance paid as lump sum.
Subscribers exiting the National Pension System before normal superannuation must use 80% of accumulated pension wealth to purchase an annuity providing monthly pension, with the balance paid as a lump-sum. Claims are lodged via the subscriber's nodal office to the NPS Claims Processing Cell at the Central Recordkeeping Agency. The pension regulator settles claims submitted with complete documentation, and contributions are accounted for and invested once uploaded into the recordkeeping system by the relevant government department.
August 1, 2014
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National Pension System corporate participation encouraged to expand employer-sponsored pension coverage through regulatory outreach and industry engagement.
Pension Fund Regulatory and Development Authority is promoting employer adoption of the National Pension System (NPS)-Corporate Model through support for intermediaries, direct corporate engagement, and participation in industry forums to facilitate employer onboarding, subscriber enrollment, and growth of assets under management in the corporate pension scheme.
August 1, 2014
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Capital investment subsidy approval thresholds allocate claims across local, state and central approvers and require valuation, with micro unit exemptions.
Capital investment subsidy under NEIIPP uses a tiered approval regime by claim size: local and state authorities handle smaller claims, central appraisal with empowered-body approval covers intermediate claims, and the largest claims proceed to cabinet approval after appraisal. Approvals must generally consider financial institution assessments of plant and machinery, while self financed micro units are exempt from investment appraisals. Case counts are reported by investment bands and the data does not indicate that scrutiny is hindering industrialisation.
August 1, 2014
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Employment distribution by sector: statewise usual-status data and comparative manufacturing concentration from household labour surveys.
The release publishes State/UT-wise distributions of workers across Primary, Secondary and Tertiary sectors measured by usual status (ps+ss), and provides comparative tables showing manufacturing-sector concentration per thousand workers from three successive household labour surveys, with detailed figures presented in annexures.
August 1, 2014
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Per capita expenditure survey shows persistent rural-urban spending gap and rising rural food expenditure trends.
Survey results report average monthly per capita consumer expenditure using the Uniform Reference Period as Rs. 1279 in rural India and Rs. 2399 in urban India, and provide rural average monthly food expenditure estimates for 2004 05, 2009 10 and 2011 12 showing an increasing trend.
July 30, 2014
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Manufacturing employment distribution across NSSO rounds shows state-wise shifts in worker concentration and regional variation.
Comparative NSSO data present per 1000 distributions of usually employed persons in manufacturing for the 66th and 68th rounds across states and union territories, showing inter round changes and an All India increase in manufacturing employment concentration; the annexed table lists values for 35 jurisdictions and the source is NSSO reports cited in a parliamentary reply.
July 26, 2014
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Environment Impact Assessment initiated for Khushkhera Bhiwadi Neemrana region; environmental clearance and master planning consultants appointed and ICT plan approved.
Appointments of consultants were made for master planning across DMIC nodes; an Environment Impact Assessment for Khushkhera Bhiwadi Neemrana has been carried out and environmental clearance is being sought. The ICT Master Plan for Shendra Bidkin Industrial Park has been received and approved by the State Nodal Agency to align digital planning with physical development, and stakeholder consultations informed master plan finalisation.
July 26, 2014
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Public stockholding for food security must be resolved before Trade Facilitation Agreement adoption as a single undertaking.
India urged that the Trade Facilitation Agreement be implemented only as part of a single undertaking that includes a permanent solution on public stockholding for food security. It proposed establishing a dedicated Special Session of the Committee on Agriculture with clear procedures, timelines and outcomes to reach a permanent solution by the end of 2014, applying a similar accelerated approach to other Bali elements including LDC issues, and reviewing progress in the General Council in October 2014.
July 25, 2014
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Per Capita Income trends indicate steady rise; policy measures target investment and infrastructure to boost incomes.
United Nations Statistics Division does not publish country rankings for GDP or Per Capita Gross National Income; using UNSD data India is reported tenth by GDP and 161st by Per Capita GNI at current prices. The release provides Per Capita Net National Income and Net National Income at current and 2004-05 constant prices for 2010-11 through 2013-14, records year on year percentage increases, and lists government policy measures-FDI liberalisation, REIT incentives, rural development, tax holidays for power, industrial corridors and smart cities-aimed at boosting investment, manufacturing and per capita income.
July 25, 2014
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States' share in central taxes set by finance commission recommendations; new commission to determine next period's devolution.
States' share in Central taxes is set by Finance Commission recommendations and implemented via devolution. The thirteenth Finance Commission fixed the States' share at 32% of net shareable Central taxes for the period 1 April 2010 to 31 March 2015, with devolution made accordingly. A subsequent Finance Commission has been constituted, is consulting States and the Union, and is scheduled to submit its report to determine the share and devolution framework for the next award period.
July 25, 2014
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Bipartite wage revision process required; management bodies asked to commence consultations with employee unions on pay and pensions.
Representations from nationalized bank and government insurance employees raised claims on salaries, pensions and emoluments. Bank wage revision is to be pursued through a bipartite negotiation process between the Indian Banks' Association (as management representative) and employee unions, with recent engagement on 13.6.2014. The Central Government has asked Life Insurance Corporation, coordination bodies of public general insurers and the General Insurance Corporation to begin wage revision consultations with employee unions.
July 25, 2014
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G-20 engagement strengthens international economic cooperation as India pushes infrastructure, tax information exchange, and labour mobility reforms.
India participates in G-20 leaders' summits with the Prime Minister representing the country and advocates for enhanced infrastructure investment, improved exchange of tax information, and measures to facilitate labour mobility and skill portability. The G-20 functions as the premier forum for international economic cooperation, coordinating macroeconomic policy and reforming global financial architecture. India also co-chairs and co-facilitates several G-20 working groups to advance policy design and implementation.

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Acts Income Tax