The Government has taken various policy measures and reforms to support food processing sector as indicated below: Inclusion of food & agro-based processing units and cold chain as agricultural activity under Priority Sector Lending (PSL) norms in April 2015. As a measure towards of ease of doing business, the Food Safety and Standards Authority of India (FSSAI) through notifications in ...
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Treatment of Mine Water
As per Rule 41 of the Mineral Conservation and Development Rules (MCDR), 2017, leaseholders are required to take all possible precautions to prevent or reduce the discharge of liquid effluents from mines into surface water bodies, ground water aquifer and useable lands. The effluents are required to be suitably treated to conform to the prescribed standards laid down in this ...
Read More »10% blending with imported coal mandatory for Private generators who bid for coal and sell power in the exchange
Power Ministry has directed CEA to determine the eligible quantity of domestic coal for the power plants using coal under Shakti B(viii) (a) taking into account 10% imported coal for blending which is equivalent to about 15% of domestic coal in energy terms. Shakti B (viii) (a) is the window for power plants having untied capacity to bid for coal, ...
Read More »New Guidelines of Micro & Small Enterprises Cluster Development Programme (MSE-CDP) approved
The Government has approved New Guidelines of Micro & Small Enterprises Cluster Development Programme (MSE-CDP), which will be implemented during 15th Finance Commission Cycle(2021-22 to 2025-26). The scheme aims at enhancing the competitiveness and productivity of Micro & Small Enterprises by undertaking interventions such as: Common Facility Centers (CFCs): The central government grant will be restricted to 70% of the cost of ...
Read More »Notification issued pertaining to base premium for third party insurance for unlimited liability
The Ministry of Road Transport and Highways, in consultation with the Insurance Regulatory and Development Authority of India, has published Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 vide notification dated 25.05.2022. The rules shall come into force on 1st June, 2022. In the said rules, base premium for third party insurance for unlimited liability has been ...
Read More »Export Policy for MSMES
E-Commerce is widely considered as a medium to reduce costs related to penetration and sustainability of exporters in international markets. Indian MSMEs stand to benefit from the enhanced visibility provided by e-commerce platforms. Improved infrastructure, competitive pricing and reduced costs associated with marketing and outreach of products over a digital platform contribute to promoting online sales. Government of India has ...
Read More »Central Government relaxes provisions of TCS under section 206C(1G) of the Income-tax Act, 1961 in respect of non-resident individuals visiting India
Section 206C (1G) of the Income-tax Act, 1961 (“the Act”) provides for collection of tax by a seller of an overseas tour programme package from a buyer, being a person purchasing such package, at the rate of 5% of the amount of the package. Representations were received from domestic tour operators who were facing difficulties in collection of tax from ...
Read More »Amendment of the Minerals (Evidence of Mineral Contents) Rules, 2015 and the Mineral (Auction) Rules, 2015 to facilitate identification of mineral blocks for auction for grant of Composite Licence
Ministry of Mines has notified the Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021 and the Mineral (Auction) Fourth Amendment Rules, 2021 to amend the Minerals (Evidence of Mineral Contents) Rules, 2015 [MEMC Rules] and the Mineral (Auction) Rules, 2015 [Auction Rules], respectively. The amendment rules have been framed after extensive consultations with the State Governments, industry associations, miners, ...
Read More »National Steel Policy
National Steel Policy, 2017 envisages development of a technologically advanced and globally competitive steel industry that promotes self-sufficiency in steel production. Steel being a de-regulated sector, government acts as facilitator, by creating enabling environment for development of steel sector. In line with the National Steel Policy, 2017, various initiatives taken by the Government are as following:- (i) Notification of Domestically ...
Read More »Ministry of Heavy Industries supports 520 Charging Stations Infrastructure under the Phase-I of FAME India Scheme
Ministry of Heavy Industries supported 520 Charging Stations/ Infrastructure under the phase-I of FAME India Scheme. Out of 520 charging stations, 452 charging stations has been installed as on 03.12.2021. Further, under phase-II of FAME-India Scheme, Rs. 1000 Cr. is allocated for the development of charging infrastructure. This Ministry has also sanctioned 2,877 Electric Vehicle Charging Stations in 68 cities across 25 States/UTs ...
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