Regulatory empowerment of cost accountants urged to strengthen pricing oversight and expanded statutory audit and certification roles
Request for expanded statutory roles for cost and management accounting professionals to support price stabilization and strengthen enterprise governance by implementing Expert Group recommendations. Key proposals include redrafting cost accounting and audit provisions to remove anomalies with company law, permitting cost accountants to attest and certify statements under Revised Schedule VI, inclusion of cost accountants in LLP audits and within the definition of "Accountants" under the Direct Tax Code, representation in the IFRS Expert Group, addition of the cost accountant designation to MCA-21 Form I, and renaming the institute for global alignment.

Formation of Non Profit Investment Promotion Company approved to centralize and facilitate foreign direct investment promotion.
Approval creates Invest India as a Section 25 non profit joint venture to promote and facilitate FDI, with a Board equally representing the Department of Industrial Policy and Promotion and the industry partner, a DIPP non executive Chair, an appointed Managing Director, and administrative support from the private partner. Initial equity and funding arrangements provide majority private participation with phased reduction of the Central share and equity induction by State Governments; DIPP's contribution will be funded from its investment promotion scheme.

Foreign direct investment approvals noted alongside deferrals, rejections, automatic route advices and an escalation for higher approval.
Nine foreign investment proposals were approved to permit foreign equity participation, ex post facto regularisation, establishment of wholly owned subsidiaries, increases in foreign equity caps, and issuance of securities, with specific proposals identified for compliance with existing press note guidance. Concurrently, thirteen proposals were deferred for further scrutiny, five were rejected, three withdrawn, six advised for the automatic route, and one escalated for higher level consideration.