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Policy

Last week, Telecom Minister Ashwini Vaishnaw had said that all KYC for mobile connections would be digitised.

Telecom Department issues orders to simplify KYC process for the sector

Sep 21, 2021

As per the new orders, Aadhaar-based e-KYC process has been reintroduced for issuing new mobile connections. Telecom service providers will be charged Re 1 per customer authentication by the UIDAI.

In March, Parliament approved a Bill to increase FDI limit in the insurance sector from 49 per cent to 74 per cent

Cabinet likely to take up amendments to PFRDA Act soon

Sep 12, 2021

The amendment Bill may contain provisions on separation of NPS Trust from PFRDA, hike in foreign direct investment (FDI) limit for the pension sector to 74% from the existing 49%, among others

So far, Delhi government agencies ran nearly 60 per cent of the 850 retail liquor shops in the city.

Delhi liquor shops: New licences for sale by pvt vendors to come into operation from Nov 17

Sep 11, 2021

There will be bigger liquor vends in the city with people having the facility to walk in and choose their preferred brands of alcohol as the new retail licence holders start running the trade.

DMF is a trust set up as a non-profit body in districts affected by mining-related operations to work for the interest and benefit of persons and areas affected by such operations.

FinMin exempts 165 District Mineral Foundation trusts from paying income tax

Sep 11, 2021

Coal and Mines Minister Pralhad Joshi took to Twitter to thank PM Modi and Finance Minister Nirmala Sitharaman for exempting 165 additional DMFs from income tax.

The committee has recommended the commerce ministry to iron out issues that hindered the signing of free trade agreements (FTAs) with India's leading trade partners

Parliamentary panel asks Commerce Ministry to engage with FinMin on hiking allocations for RoDTEP

Sep 11, 2021

Last month, the government announced rates of tax refunds under the RoDTEP scheme for 8,555 products, such as marine goods, yarn, dairy items. The government has set aside Rs 12,454 crore for the current fiscal

According to sources, the plan is that the interested parties have to buy or lease a train with a minimum of 16 coaches

Railways framing policy to lease, sell coaches to private parties to run theme-based tourist circuit trains

Sep 11, 2021

In a release on Saturday, the railways said that an executive director-level committee has been constituted by the Ministry of Railways to formulate the policy and terms and conditions of the project

India's exports contracted from 2019-20, registering a negative growth rate of (-) 15.73 percent in 2020

Sign FTAs with EU, US to help domestic exporters: Parliamentary panel to govt

Sep 11, 2021

The panel has underlined that the Indian exporters are at a "disadvantage" in the US and the European markets while competing with other exporting nations due to the absence of FTAs with the US and the EU countries

Singh said said the government is committed to creating a green hydrogen economy that operates at scale.

Govt preparing PLI scheme for electrolysers; will help develop 10 GW green hydrogen capacity: RK Singh

Sep 08, 2021

The government is working to develop mandates for green hydrogen blending in refineries, fertilisers, and city gas networks, which would create the necessary demand and lead to economies of scale.

The expenditure finance committee has already approved the proposal of the ministry

Govt may extend IFLADP incentive scheme for leather, footwear industry till 2025-26

Sep 05, 2021

The commerce and industry ministry has submitted a proposal for implementation of the Indian Footwear Leather and Accessories Development Programme (IFLADP) with an outlay of Rs 1,700 crore

Finance Ministry Nirmala Sitharaman

FinMin notifies rules for calculating taxable interest on employee contributions to PF

Sep 02, 2021

In her Budget for 2021-22, Sitharaman had capped the tax-free interest earned on provident fund contribution by employees and employers together to a maximum of Rs 2.5 lakh in a year

Before exiting the country, foreigners may apply online for exit permission on the e-FRRO portal

Visas of foreign nationals stranded in India due to Covid extended will Sep 30

Sep 02, 2021

A Home Ministry statement says such foreign nationals will not be required to submit an application to the FRRO/FRO concerned for extension of their visas