Government policies

New building to house Central Registrar of Cooperative Societies

17 Jan 2024

The centre has set up a new building in the capital to house the office of the Central Registrar of Cooperative Societies, giving a big boost to the cooperative movement in the country

India to invest over Rs45,000 cr to develop inland cruise tourism

09 Jan 2024

The Inland Waterways Development Council, which held its first meeting in Kolkata, on Monday, committed Rs45,000 crore for the development of River Cruise Tourism in India over the next 23 years ending 2047.

Govt revises incentives scheme for auto sector, extends it by 5 years

04 Jan 2024

The government has extended the tenure of the Production Linked Incentive (PLI) scheme for automobile and auto components by five years beginning the current financial year, ie, 2023-24.

India hikes windfall tax on crude, eliminates tax on diesel and ATF

03 Jan 2024

Government of India on Monday announced an increase in the windfall tax levied on locally-produced crude petroleum while doing away with the tax on diesel and aviation turbine fuel (ATF).

Finance Ministry boosts the FAME-II scheme with an additional Rs 1,500 crore

03 Jan 2024

In a strategic move to further propel the adoption of electric vehicles (EVs) in India, the Union Finance Ministry has greenlit an additional allocation of Rs. 1,500 crore for the second phase of the Faster Adoption and Manufacture of Electric Vehicles (FAME-II) program.

The government allows female employees to nominate children for family pensions

02 Jan 2024

In a significant move, the Ministry of Personnel, Public Grievances, and Pensions announced on Tuesday, 2 January 2024, that female government servants or pensioners can now nominate their children for family pensions.

Govt hikes small savings interest rates

31 Dec 2023

The central government on Saturday notified revised interest rates on small savings schemes, including a 20 basis point hike in the interest rates

34 companies bid for India’s green hydrogen subsidies

29 Dec 2023

A total of 34 companies have submitted bids for projects to be developed under the Government of India’s Green Hydrogen Mission.

LIC gets a 10-year exemption from the 25% public shareholding rule

21 Dec 2023

In a significant development, the state-owned Life Insurance Corporation of India (LIC) announced on Thursday, 21 December 2023, that it has secured a one-time exemption from the Finance Ministry regarding the 25% public shareholding rule.

UPI transactions grow at a CAGR of 168% in 5 years to Rs139 lakh crore

19 Dec 2023

The value of financial transactions using the Unified Payments Interface (UPI) has grown from Rs1 lakh crore to Rs139 lakh crore in the last five years

India’s vehicle safety testing programme `Bharat NCAP’ is now operational

19 Dec 2023

Government of India's vehicle safety assessment programme, Bharat New Car Assessment Programme (BNCAP) has completed its first round of crash testing and results are expected this week or by the end of this month.

PM inaugurates Surat Diamond Bourse

18 Dec 2023

Prime Minister Narendra Modi on Sunday inaugurated the Surat Diamond Bourse, which he claimed to be the world’s largest and the most modern centre for international diamond and jewelry business.

The government contemplates the termination of the FAME subsidy for electric two-wheelers

18 Dec 2023

In a recent report by the Times of India (ToI), it has been indicated that the government is unlikely to continue subsidies for electric two-wheelers as the provisions for the same are set to expire in a few weeks.

Govt to provide financial incentives to local shipbuilders

17 Dec 2023

The government has introduced a scheme to offer financial assistance for Indian shipyards for securing orders from domestic as well as overseas markets and to remain competitive in the market, union minister for ports, shipping and waterways, Sarbananda Sonowal informed the Lok Sabha in a written reply on Friday.

Centre allows ethanol production from sugarcane juice, B-heavy molasses

16 Dec 2023

A week after prohibiting the use of sugarcane juice and sugar syrup for making ethanol, following industry pressure, the government on Friday reversed its decision and allowed the use of the juice as well as B-heavy molasses for producing the bio-fuel.

Agriculture ministry organises 2-day Asean-India Millet Festival

15 Dec 2023

India on Thursday opened an Asean-India Millet Festival, a two-day event aimed at increasing awareness and establishing a larger market for millet and millet-based products.

Oil marketing companies to set up 7,432 EV charging stations

14 Dec 2023

The ministry of heavy industries has sanctioned Rs800 crore as capital subsidy to the three public sector oil marketing companies (OMCs) for setting up 7,432 electric vehicle charging stations under Phase II of the FAME scheme.

Centre halves wheat stock limits for traders, processors

12 Dec 2023

The centre on Friday announced fresh stock limits on wheat held by traders – both wholesale and retail – as also retail networks and processors

Supreme Court upholds abrogation of Article 370 in J&K

12 Dec 2023

The Supreme Court has upheld the Indian Union government’s decision to revoke the special status enjoyed by Jammu and Kashmir; it has revoked Article 370, which was promulgated in 1949, after the first war with Pakistan over the control of this territory.

Govt notifies `HaritSagar’ guidelines to improve ecosystem at major ports

10 Dec 2023

The ministry of ports, shipping and waterways has notified `HaritSagar’ green port guidelines to reduce carbon intensity and to develop an environment-friendly ecosystem

Free e-commerce network ONDC onboards 2.3 lakh sellers

10 Dec 2023

The government-supported Open Network for Digital Commerce (ONDC) claims to have more than 2.3 lakh sellers, including over 3,000 farmer producer organisations (FPOs)

India joins global alliance of river cities

09 Dec 2023

India has cemented its position in the Global River Cities Alliance with the National Mission for Clean Ganga (NMCG) signing a memorandum of common purpose (MoCP

Non-fossil fuel sources account for nearly 44% of India’s installed electricity generation capacity

09 Dec 2023

The total installed capacity for generation of electricity using non-fossil fuel energy resources in India stood at 186.46 Giga Watts as of 31 October 2023

Govt to auction 30 critical minerals for strategic mining

09 Dec 2023

The central government on Wednesday initiated the process of auction of critical minerals, perhaps for the first time in the country, and has identified 30 minerals for strategic mining.

Govt extends date for fresh applications under PLI scheme for textiles till 31 December

09 Dec 2023

The central government has extended the last date for submitting fresh applications under the PLI scheme for textiles through an online portal to 31 December 2023.