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National Steel Policy

National Steel Policy enshrines the long term vision of the government to give impetus to the steel sector.  The policy envisages to create a technologically advanced and globally competitive steel industry that promotes self-sufficiency in steel production as well as economic growth. Steel being a de-regulated sector, government acts a facilitator, by creating enabling environment for development of steel sector.  ...

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SEZ Policy

The Special Economic Zones (SEZs) policy was launched in April, 2000.  The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005.  The SEZ Rules, 2006 came into effect on 10th February, 2006. The salient features of the SEZ scheme are:- A designated duty free enclave to be treated as ...

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Incentives to Foreign Companies

The Government of India is making continuous efforts under InvestmentFacilitationfor implementation of Make in India action plans to identify potential investors. Support is being provided to Indian Missions abroad and State Governments for organising events, summits, road-shows and other promotional activities to attract investment in the country under the Make in India banner. Investment Outreach activities are being carried out ...

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Policy to boost Agricultural Exports

The Government introduced a comprehensive Agriculture Export Policy with the following vision: “Harness export potential of Indian agriculture, through suitable policy instruments, to make India a global power in agriculture, and raise farmers’ income.” Inter-alia, the objectives of the Agriculture Export policy are as under: To diversify our export basket, destinations and boost high value and value added agricultural exports, ...

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MCA initiates process of De-criminalisation of compoundable offences under Limited Liability Act,2008

With the object of unleashing the entrepreneurial spirits of our youth and to remove the fear of criminal prosecutions for non- substantive minor and procedural omissions and commissions in the normal course of their business transactions, the Government of India in the Ministry of Corporate Affairs (MCA) decided to initiate the process of decriminalization of compoundable offences under the limited ...

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MCA revises threshold for paid up capital and turnover for Small Companies

In line with the vision of the Government of India, the definition under the Companies Act, 2013 for Small Companies has now been revised by increasing their thresholds for Paid up capital from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore” & Turnover from “not exceeding Rs 2 crore” to “not exceeding Rs 20 crore” (Click Here ...

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Companies under Ethanol Blended Petrol Programme – Revision of ethanol price for supply to Public Sector OMCs for Ethanol Supply Year 2020-21

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the following, including fixing higher ethanol price derived from different sugarcane based raw materials under the Ethanol Blended Petrol (EBP) Programme for the forthcoming sugar season 2020-21 during Ethanol Supply Year (ESY)  2020-21 from 1st December 2020 to 30th November 2021: (i)    The price of ethanol from C heavy molasses ...

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Parliament passes three Labour Codes to pave way for enactment of historic “Game changer” Labour Laws

The Rajya Sabha in its sitting today passed three labour codes namely, Industrial Relations Code, 2020 (ii) Code on Occupational Safety, Health & Working Conditions Code, 2020 & (iii) Social Security Code, 2020. With this, the decks for enactment of these codes have been cleared as Lok Sabha had passed these Bills yesterday. Speaking during the discussions on the bills, ...

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CCI approves acquisition of Nutrition & Biosciences, Inc. by International Flavors & Fragrances Inc.

The Competition Commission of India (CCI) approves acquisition of Nutrition & Biosciences, Inc. (“Spinco”) by International Flavors & Fragrances Inc. (“IFF”) under Section 31(1) of the Competition Act, 2002, today. The proposed combination relates to the acquisition of sole control by IFF, over the Nutrition & Biosciences business (“N&B Business”) of DuPont de Nemours, Inc. (“DuPont”), by means of acquiring ...

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DAC approves procurement proposals worth Rs 8,722.38 crore, including 106 Basic Trainer Aircraft for IAF

To strengthen the Armed Forces by relying on indigenous capability to take forward the initiative on ‘Atmanirbhar Bharat’ the Defence Acquisition Council (DAC) in its meeting held under the Chairmanship of Raksha Mantri Shri Rajnath Singh accorded approval for capital acquisitions of various platforms and equipment required by the Indian Armed Forces here today. Proposals for an approximate cost of ...

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