NITI Aayog suggests reduced ‘core’ grant support for State S&T bodies. Context: NITI Aayog has recommended that the Department of Science and Technology (DST) reduce the proportion of core funding (i.e., guaranteed annual grants) to State Science and Technology Councils …
Key Points from the Finance Ministry’s Statement (6 August) 1. Global Economic Disruption: * The Ministry stated that the world is facing “trade policy dislocation”, especially amid escalating conflicts across the Middle East. * These challenges were highlighted in the …
MCA’s Move to Ease MSME Compliance (2025) Purpose The Ministry of Corporate Affairs (MCA) plans to reduce the regulatory compliance burden on MSMEs to promote ease of doing business and support small enterprises. Proposed Measures: (1)Simplified filing and self-certification for …
Textile Industry: US Tariffs Impact & India’s Competitive Edge (2025) Tariff Hike by the US 25% tariff imposed on Indian textile and apparel exports. Affects India’s largest export market in this sector – the United States. Export Snapshot: Jan–May 2025 …
Indian Pharma Industry & US Trade Relations 1. Background -The US is India’s largest pharmaceutical export market. -In FY19, 30% of India’s $19 billion pharma exports (~$5.7 billion) went to the US. -Trade friction emerged after the US withdrew GSP …
Recommendation by the Standing Committee on Finance to replicate the model of GIFT City (Gujarat International Finance Tec-City) to develop fintech clusters in India. Main Recommendation The committee has advised the government to create fintech clusters modeled after GIFT City. …
A Parliamentary Standing Committee on Finance has urged the Finance Ministry to implement a time-bound plan to make GSTAT benches functional across the country. GSTAT is essential for: -Resolving Goods and Services Tax (GST) disputes -Reducing litigation burden on High …
NITI Aayog says that after providing incentives, it’s time to adopt “strong signals” through regulations to accelerate electric vehicle (EV) adoption in India. Proposes “soft mandates” to begin with, targeting public transport, fleet vehicles, and urban freight – sectors easier …
“Lithium-ion battery recycling can touch $3.5 bn by 2030”.. India’s lithium-ion battery recycling industry has the potential to reach $3.5 billion by 2030, according to a report by ICEA (India Cellular and Electronics Association) and Accenture. Currently, India recycles only …
IBBI (Insolvency and Bankruptcy Board of India) has asked the Committee of Creditors (CoC) to discuss and record the eligibility of resolution applicants under Section 29A of the IBC. This move is based on a recent Supreme Court judgment that …