Government policies
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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.
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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.
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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
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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.
The government allocates an additional Rs. 1,500 crore to the FAME-II program
04 Dec 2023
In a decisive move to bolster the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) program, the Centre has sanctioned an additional Rs. 1,500 crore for its second phase.
Hero Electric aims to resolve Rs 140 crore penalty imposed by MHI
24 Nov 2023
Hero Electric has urged the government to resolve the ongoing dispute concerning the Rs 140 crore penalty imposed by the Ministry of Heavy Industries (MHI).
Google pledges its support to the Indian government in advancing ethical AI development
24 Nov 2023
Google has reaffirmed its commitment to collaborating with the Indian government and industry stakeholders to promote the ethical development of artificial intelligence (AI).
Dell, HP, Foxconn, Lenovo among 27 firms approved under PLI scheme for IT hardware
18 Nov 2023
The union cabinet on Friday approved PLI Scheme 2-0 for IT hardware under which 27 firms, including Acer, Asus, Dell, HP, Lenovo, etc
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