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, ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 on 14th July, 2021. The amendment regulations enhance the discipline, transparency, and accountability in corporate insolvency proceedings: A.A corporate debtor (CD) may have changed its name or registered office address prior to commencement of insolvency. ...

Ministry of Civil Aviation (MoCA) has issued enabling guidelines to facilitate the vaccination program in a fast and efficient manner to ensure timely vaccination of the aviation community. During the COVID-19 surge, the aviation community has worked tirelessly to ensure unhindered services for the movement of people in need and essential cargo including critical medical cargo like vaccines, medicines, Oxygen ...