Government policies
Local sourcing norms don’t apply to Tesla, India tells Musk
24 May 2017
The government on Tuesday clarified that the 30 per cent local sourcing norm applies only to retail business and not manufacturers
India boosts private sector role in defence production
20 May 2017
The policy is initially expected to be implemented in the production of a few select segments such as fighter aircraft, submarines and armoured vehicles, while additional segments may be added in the future
GST Council finalises tax rates for services
19 May 2017
Education and healthcare will be fully exempt from GST, while a 5 per cent tax will be levied on services like cab aggregators, 18 per cent tax on telecom and financial services and 28 per cent rate on services like race clubs, betting and cinema halls
Cabinet clears Rs1,500-cr biopharma mission
19 May 2017
GST to make essentials cheaper; luxury items to attract 28% tax
19 May 2017
With no tax on essentials such as cereals, foodgrains, milk and jaggery, 5 per cent tax on items like sugar, tea, coffee, edible oil and coal and a maximum 18 per cent levy on hair oil, toothpaste and soap, GST is expected to push down prices and inflation
Govt proposes 10 new indigenous nuclear power reactors
18 May 2017
With likely manufacturing orders of close to Rs70,000 crore spread across domestic industry, the move will fast-track India’s domestic nuclear power programme and give a push to country’s nuclear industry
Green body protests GEAC nod for GM mustard
13 May 2017
GM mustard gets regulatory approval, awaits SC nod
12 May 2017
With the government’s Genetic Engineering Appraisal Committee approving genetically modified mustard, the condiment is set for commercial cultivation, if the Supreme Court clears an appeal against its introduction
India to embark on Rs10,000-cr deep sea mining mision
09 May 2017
With an exclusive economic zone of 2.4 million km in the international waters, access to over 1,300 islands and a costline of 7,500 km, ocean mining opens enormous opportunities for India in energy, food, medicine and a host of other areas
National steel policy aims at 300 million tonne capacity by 2030-31
04 May 2017
The new steel policy focuses on enhancing domestic consumption, quality steel production and making the sector globally competitive