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    Govt takes several steps to promote business, boost exports and manufacturing
    Government undertakes various efforts to promote and support startups More than 1.4 lakh startups recognized by DPIIT as on 30th June 2024
    CBDT awards Taxnet 2.0 Project to M/s Bharti-Airtel Ltd
    Report of India’s G20 Task Force on Digital Public Infrastructure released
    DFS Secretary Dr. Vivek Joshi chairs review meeting on progress of Financial Inclusion Schemes with senior executives of Private Sector Banks
    Government of India and ADB sign $170 million loan to strengthen pandemic preparedness and response
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July 30, 2024
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Export promotion measures expand support schemes and digital facilitation to boost manufacturing competitiveness and global supply chain integration.
The Government has deployed coordinated export promotion and investment facilitation measures: a new Foreign Trade Policy; extension of interest equalization for rupee export credit; export support schemes (TIES, MAI); reimbursement mechanisms (RoSCTL, RoDTEP) with sectoral coverage and tariff corrections; a Common Digital Platform for Certificates of Origin; and Districts as Export Hubs aided by commercial missions. Complementary reforms include tax and procurement measures, PLI schemes, digital single-window clearances, decriminalization of selected provisions under Jan Vishwas Act, and infrastructure and logistics policies to strengthen manufacturing and global supply chain integration.
July 26, 2024
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Startup recognition and support: government outlines measures enhancing funding, regulatory relief, procurement and intellectual property facilitation for startups.
The DPIIT recognition regime classifies entities as startups and links recognition to eligibility for financial instruments (seed fund, fund of funds, credit guarantees), procurement relaxations, expedited exit, self-certification under specified labour and environmental laws, income-tax concessions and an exemption from a valuation provision; complementary measures include expedited and subsidised intellectual property support, online hubs and investor/mentorship portals, incubators, sectoral schemes and state-level ranking and outreach initiatives.
July 20, 2024
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Contract award for digital infrastructure upgrades enhances network security and seamless connectivity for tax administration services nationwide.
The Central Board of Direct Taxes awarded a contract to M/s Bharti-Airtel Ltd through an open tender to implement Taxnet 2.0, replacing Taxnet 1.0 by providing network connectivity, facility management and video conferencing services to the Income Tax Department, with operational aims of enhanced data security, improved reliability and seamless connectivity to modernize departmental digital infrastructure.
July 16, 2024
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Digital Public Infrastructure framework to guide global adoption and interoperability of identity, payments and data-sharing systems.
The Report sets out a Digital Public Infrastructure (DPI) framework centred on digital identity, fast payments and consent-based data sharing to enable interoperable, privacy-sensitive delivery of finance, health, education and governance services; it provides a three-part blueprint covering the DPI approach, India's implementation and a policy roadmap for global adoption, stressing standardisation, public-private collaboration and governance to support deployment particularly in the Global South.
July 10, 2024
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Financial inclusion: private banks urged to deepen participation in government schemes and expand last mile services and outreach.
The Department of Financial Services urged private banks to intensify engagement with financial inclusion programmes by expanding brick-and-mortar branches and Banking Correspondents in unbanked villages, increasing participation in flagship deposit, insurance, and small-credit schemes, and organising financial literacy camps. The Jan Samarth portal was emphasised as a centralised tool to present credit-linked government schemes, aid customer acquisition, and improve customer experience for marginalised sections.
July 3, 2024
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Pandemic preparedness financing to strengthen surveillance, regulate health workforce, and expand climate-resilient public health infrastructure.
A policy-based financing arrangement supports reforms to strengthen pandemic preparedness by enhancing disease surveillance and One Health governance, regulating and expanding the health workforce through legislative measures, and expanding climate-resilient public health infrastructure including laboratory networks and critical care blocks, aligned with national health initiatives to improve access for vulnerable groups.

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Acts Income Tax