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    August 10, 2026
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    August 10, 2026
    Punjab Assembly passes nine key bills
    Show AI Summary
    GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
    Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
    August 10, 2026
    Mumbai court denies nod to Nirav Modi's sister to record her statement via video link in PNB case
    Show AI Summary
    Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
    Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
    August 10, 2026
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    Show AI Summary
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    Show AI Summary
    Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
    Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
    August 10, 2026
    Parliamentary panel seeks details on Railways’ efforts to boost domestic bullet train capabilities
    Show AI Summary
    High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
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    Show AI Summary
    MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
    Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
    August 10, 2026
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    August 10, 2026
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    Show AI Summary
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    Show AI Summary
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    Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
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      Home› news › FEMA & RBI › 2018 › December, 2018 › This
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      FEMA & RBI

      Make in India

      December 17, 2018

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      The ‘Make in India’ initiative was launched in 2014 with the objective of promoting India as an important investment destination and a global hub in manufacturing, design and innovation. This initiative aims to create a conducive environment for investment, development of modern and efficient infrastructure, opening up new sectors for foreign investment and forging a partnership between Government and industry through a positive mind set. Some of the major achievements under Make in India initiative are:

      • Six industrial corridors are being developed across various regions of the country. Industrial cities will also come up along these corridors.
      • India has become a net exporter of electricity - 7203 MU exported to Nepal, Bangladesh and Myanmar during 2017-18.
      • One of the world’s largest 648-MW solar power plant in Tamil Nadu was commissioned on September 21, 2016.
      • Two path breaking prototype locomotives of WAGC3 & WAG11 class of 10,000 and 12,000 hp respectively were developed indigenously by converting existing diesel locomotive to upgraded electric locomotive.
      • Asia’s largest MedTech Zone (AMTZ) has been set up in Andhra Pradesh.
      • 88 cold chain projects were commissioned during June 2014 to August 2018, thereby, creating additional food processing capacity of 3.9 lakh tones.
      • Three textile mega clusters in Bareilly, Lucknow and Kutch are being set up, thereby benefitting 14505 artisans.
      • Major ports in India have added capacity of 92.19 MTPA during FY 2017-18. Total turnaround time at these ports has reduced by 33% from 96 hrs in FY 2014-15 to 64.32 hrs in FY 2017-18.

      Initially under Make in India initiative action plans for 25 sectors had been prepared and which after review is now focused on 27 sectors. Department of Industrial Policy & Promotion coordinates action plans for 15 manufacturing sectors while Department of Commerce coordinates 12 service sectors.

      Investment promotion activities after launch of Make in India initiative are being undertaken by several Central Government Ministries, Departments and various State Governments from time to time.

      RBI Regional Office-wise (one regional office may cover one or more states) FDI equity inflow reported in the country during April, 2015 to March, 2018 is as follows:

      (Amount in USD Million)

      Sr. No.

      Regional Offices of RBI

      States Covered

      2015-16

      2016-17

      2017-18

      Total

      Apr-Mar

      Apr-Mar

      Apr-Mar

      1

      Hyderabad

      Andhra Pradesh

      1,556.18

      2,195.12

      1,246.19

      4,997.50

      2

      Guwahati

      Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura

      10.27

      2.23

      12.65

      25.15

      3

      Patna

      Bihar, Jharkhand

      42.71

      10.22

      9.94

      62.88

      4

      Ahmedabad

      Gujarat

      2,243.55

      3,366.81

      2,091.01

      7,701.37

      5

      Jammu

      Jammu & Kashmir

      1.7

      0.23

      0

      1.93

      6

      Bangalore

      Karnataka

      4,121.29

      2,132.17

      8,575.38

      14,828.84

      7

      Kochi

      Kerala, Lakshadweep

      89.96

      454.39

      208.3

      752.65

      8

      Bhopal

      Madhya Pradesh, Chattisgarh

      80.02

      76.1

      28.16

      184.27

      9

      Mumbai

      Maharashtra, Dadra & Nagar Haveli, Daman & Diu

      9,511.05

      19,654.06

      13,422.99

      42,588.11

      10

      Bhubaneshwar

      Orissa

      5.62

      12.37

      64.97

      82.96

      11

      Jaipur

      Rajasthan

      50.49

      165.42

      116.74

      332.66

      12

      Chennai

      Tamil Nadu, Pondicherry

      4,527.83

      2,218.02

      3,474.77

      10,220.62

      13

      Kanpur

      Uttar Pradesh, Uttranchal

      80.22

      7.52

      89.73

      177.47

      14

      Kolkata

      West Bengal, Sikkim, Andaman & Nicobar Islands

      955.34

      49.52

      217.83

      1,222.69

      15

      Chandigarh

      Chandigarh, Punjab, Haryana, Himachal Pradesh

      27.4

      5.84

      108.08

      141.33

      16

      New Delhi

      Delhi, Part Of Up And Haryana

      12,743.15

      5,883.82

      7,655.52

      26,282.49

      17

      Panaji

      Goa

      18.2

      82.84

      43.38

      144.42

      18

      Region Not Indicated

      Region Not Indicated

      3,935.99

      7,161.59

      7,491.11

      18,588.69

       

       

      Grand Total

      40,000.98

      43,478.27

      44,856.75

      1,28,336.01

      Source: Foreign Direct Investment - Data Cell, DIPP

      This information was given by Minister of State for Commerce & Industry C. R.  Chaudhary in a written reply in the Lok Sabha today. 

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