business and finance

Govt to provide financial assistance to North Eastern States for hydro power development

This scheme has an outlay of ₹4,136 crore to be implemented from FY25 to FY32




business and finance

Cabinet approves e-auction to roll out FM Radio stations in 234 new cities

The Cabinet also clears the proposal to change annual licensing fee conditions




business and finance

Paytm gets Finmin approval for downstream investment into its payment services arm 

PPSL will now resubmit application with RBI for Payment Aggregator licence



  • Money & Banking

business and finance

Cabinet approves ₹6,456 crore worth of new rail projects across West Bengal, Jharkhand, Odisha and Chhattisgarh

Three projects include setting up of two new lines and one multi-tracking project across Indian Railways




business and finance

Defence Ministry cautions firms using Chinese parts for drones

Ministry dashes off a letter to industry bodies asking them to sensitise manufacturers against using Chinese parts for drones




business and finance

A dozen industrial smart cities worth ₹28,602 cr get CCEA approval

Projects to be completed by 2027, attract investment of ₹1.5 lakh crore, general 10 lakh direct jobs, says Piyush Goyal




business and finance

Govt proposes new window in NRS auctions for buying coal without end use requirement

Coal Ministry proposes new window in NRS Linkage Auction Policy for long-term coal linkages without end use restrictions




business and finance

Government may approve fresh applications for chip facilities in India

New projects could be announced in the upcoming Semicon India between September 11 and 13




business and finance

IT Dept rolls out e-dispute resolution scheme

A DRC may make modification to the variations in the specified order and decide to grant reduction/waiver of penalty and prosecution




business and finance

NFRA-ICAI tussle over key audit standard overhaul: CA Institute Council to meet on Sep 17 to discuss future strategy

ICAI to debate NFRA’s plan to overhaul audit standard SA600, fearing concentration of market in few hands




business and finance

Govt extends interest equalisation scheme for exporters till September 30

This extension aims to promote the country’s outbound shipments and provide exporters with interest benefits.




business and finance

Most powers of controversial patents chief Pandit withdrawn 

businessline was the first to report administrative head of intellectual property rights in the country, Prof Unnat P Pandit, has been indicted in a computer purchase case




business and finance

India enforces mandatory CCI approval for M&As over ₹2,000 crore under new regulations

The updated regulations define ‘India nexus’ criteria, including user metrics and turnover, and introduce a ₹500 crore monetary threshold.  




business and finance

Centre Notifies NaBFID as a ‘Public Financial Institution’

NaBFID expects its total sanctions loan book to touch ₹2 lakh crore by March 2025, while disbursements are likely to be around ₹ 1 lakh crore



  • Money & Banking

business and finance

Govt brings all citizens aged 70+ under Ayushman Bharat’s ₹5 lakh health scheme

India expands Ayushman Bharat to cover 6 crore senior citizens aged 70+ with ₹5 lakh free health insurance per family, at a total cost of ₹3,437 crore




business and finance

Ayushman Bharat scheme could see addition of more geriatric care packages: Health Ministry officials

Suggestions have been sought to increase the number of geriatric care packages under the health insurance scheme




business and finance

Finance Ministry notifies new rules for compounding under FEMA

The new rules aim to further promote ease of investment




business and finance

India and Brazil to collaborate on SAF, leverage biofuel expertise to decarbonise aviation

The joint statement emphasised collaboration in technology exchange, joint research, and development initiatives to optimize SAF production processes and create frameworks encouraging investment in SAF production.




business and finance

Legislative bodies should use technology to discuss, shape welfare schemes for the poor, says LS Speaker Birla

By ensuring accountability and transparency of the Executive, democratic institutions make governance more responsible and efficient, says the Lok Sabha Speaker




business and finance

Govt to launch another PLI scheme for speciality steel: Steel Secy

Speciality steel is an area where more needs to be done, says Steel Secretary Sandeep Poundrik




business and finance

Regulatory, policy reforms crucial for future of India's pharma R&D: Report

Inadequate capacity for drug regulation, need for advanced testing facilities, lack of strong framework for monitoring quality compliance among policy challenges, says report




business and finance

Chennai Metro Phase 2 now a ‘Central Sector’ project, Centre to fund 65% of costs

The decision shifts financial responsibility largely to the central government, freeing up state resources and triggering loan renegotiations with international agencies. 




business and finance

Need clear laws, standard operating procedures to protect workers, manufacturers' interests: GTRI

Amid the ongoing Samsung workers’ strike in Tamil Nadu, economic think tank GTRI suggests seven-step strategy to foster a more stable industrial environment in the country




business and finance

Wage ceilings likely to be hiked for EPS, EPF and ESIC: Labour Ministry sources

Talks are at an advanced stage to firm up the quantum of increase




business and finance

Parliamentary panel expresses concern over CCI budget cuts

Panel seeks updates on pending competition cases, CCI’s backlog, and progress of the Draft Digital Competition Bill targeting the digital market




business and finance

FDI policy: Instead of overall review, govt may continue with tweaks

Focus will be on liberalising sector specific policy as and when required; improving processes




business and finance

QR code diktat to be widened for more medicines, says DCGI Raghuvanshi 

already Top 300 drug brands are already under mandatory QR code net 




business and finance

Centre releases ₹1.78 lakh crore to States towards tax devolution

Aimed at enabling States to accelerate capital spending ahead of festive season




business and finance

Aadhaar made mandatory for PM Internship Scheme

Internship opportunities surges to touch 50,000 mark; 130 companies have onboarded the internship portal




business and finance

Government schemes catapulting India to become developed nation: Amit Shah

Modi government has ended “policy paralysis” and transformed India into an economic bright spot, says Union Home Minister Amit Shah




business and finance

GoM for freeing health insurance for senior citizens, all policies up to ₹5-lakh cover from GST burden

GoM suggests rate hike on high-end wrist watches, shoes; GST on packaged water to be cut




business and finance

Invoice Management System may add compliance for GST assesses, say tax experts

First GSTR-2B based on IMS to be generated for October on November 14.




business and finance

Family pension in case of two widows to be paid after deciding legality of second marriage

Existing rule says ‘widow’ or ‘widower’ shall mean a spouse, legally wedded to deceased government servant or pensioners.




business and finance

No merger of 50% DA into basic, as finance ministry issues order payment for 53% DA

DA to central government employees was enhanced from 50 per cent to 53 per cent of the basic pay with effect from July 1, 2024




business and finance

Bond between India, Russia is deep-rooted: Modi

Modi meets Putin on the sidelines of  BRICS summit in Kazan; talks focus on partnership across diverse sectors




business and finance

Finmin gives effect to revised consolidated pay for IRDAI Chairman, members

Revised pay to be effective from January 1 this year



  • Money & Banking

business and finance

Bharat dal sales resume; chana and masur dal offered at reduced prices

Chana (whole) is being sold at ₹58 per kg and masur dal at ₹89 per kg through cooperative networks like NCCF, NAFED, and Kendriya Bhandar.




business and finance

India to continue supporting Global South with strong forex reserves, says FM Sitharaman

At a Centre for Global Development event, Sitharaman highlighted India’s use of foreign reserves to aid distressed nations without conditions.




business and finance

Govt plans to issue ALMM for PV cells to push India's green energy transition

The 2019 ALMM order (List-I) specified models and manufacturers of solar PV modules, whereas List-II will identify and include models and manufacturers of solar PV cells




business and finance

Govt proposes 15-year PPA for FDRE projects with battery storage

The Power Ministry seeks stakeholder feedback on amendments




business and finance

India’s new biodiversity strategy aims to protect 30% of ecosystems, restore degraded habitats by 2030

This plan aligns with the global targets set by the Kunming-Montreal Global Biodiversity Framework.




business and finance

PM E-DRIVE: Government starts disbursal of incentives amounting to ₹320 crore in first month of scheme

Total 28,81,436 units of EVs to be incentivised with an outlay of ₹10,900 crore in the next 2 years




business and finance

Government permits internet through Wi-Fi in air travel




business and finance

Aviation Minister proposes over 50 helicopter emergency medical units along highways

This initiative aims to enhance rapid medical assistance, particularly in remote areas, and align with global healthcare standards




business and finance

Govt may bring flex fuel vehicles on a par with EVs

Mulls reducing GST, offering support to crops to boost ethanol output




business and finance

Indirect tax related quasi-judicial adjudication, appeal cases to mandatorily heard in virtual mode

An advisory issued on GST portal lowered the AATO (Aggregate Annual Turnover) for reporting e-Invoices on IRP portals within 30 days to Rs ₹10 crore and above from Rs ₹100 crore and above




business and finance

CCI sharpens penalty recovery rules, seeks public input on new amendments

Stakeholders invited to share feedback by December 6 on proposed changes aimed at a more streamlined and effective penalty recovery process




business and finance

GoI invites proposals for establishing Centres of Excellence under Green Hydrogen Mission

This initiative, launched by the Ministry of New and Renewable Energy, aims to position India as a global leader in Green Hydrogen technologies by enhancing research in production, storage, and utilization




business and finance

Precooked, ready to eat food to attract 18% GST: Kerala AAR

Kerala Chicken Curry, Chettinadu Chicken Curry, Chicken Biryani, Mutton Curry, Mutton Roast, Beef Fry, Beef Roast etc. constitutes ‘ready to eat packaged food’ more specifically than ‘prepared or preserved meat: AAR




business and finance

Vehicle scrappage policy receives lukewarm response: Auto dealers

State incentives boost scrappage uptake, but space limitations hinder progress