BUSINESS
New levy seeks to replace GST compensation cess on tobacco products, pan masala
The Central Excise Amendment Bill, 20205, will likely replace the GST compensation cess on tobacco products, sources said.
INDIA
End of 'inspection raj': NITI Aayog proposes end to licences, permits in radical regulatory overhaul
A high-level Niti Aayog committee headed by Rajiv Gauba has recommended Jan Vishwas Siddhant, outlining a trust-based regulatory system
BUSINESS
China FDI may get easier in electronics & consumer durables; Cabinet draft note prepared: Sources
A draft Cabinet note has been finalized, and comments have been sought from all relevant ministries.
INDIA
7 states amend over 1,000 provisions in 2025, push Jan Vishwas–style deregulation to boost business climate
The reforms largely focus on replacing criminal penalties for minor procedural violations with civil or administrative measures, making compliance simpler, faster, and less punitive for startups, MSMEs, and manufacturers.
BUSINESS
Govt has withdrawn 14 BIS Quality Control Orders; Big steps for chemical, plastics, and textile sectors
This will come into effect immediately from the date of Gazette publication without any transition delay.
BUSINESS
Will the Budget not be presented on February 1 this time?
Given the uncertainty this time, either the Finance Ministry or the Ministry of Parliamentary Affairs may soon clarify whether the Budget will be presented on February 1 or whether the date will be adjusted.
BUSINESS
Rs 13,000-crore incentive scheme likely for toy sector soon
The scheme proposes direct incentives linked to turnover and sales of toy manufacturers
BUSINESS
Govt considering Rs 13,000-crore package for auto component industry: Sources
Sources said, under the proposed scheme, government is likely to provide two types of incentives for auto component manufacturing
INDIA
Govt mulls Rs 13,000-cr package for auto parts makers to boost local manufacturing
This new scheme will be separate from the existing production-linked incentive (PLI) scheme and will focus on the entire value supply chain
INDIA
Election Highway: One-third of the nation’s highway projects to be launched in Bihar
Chief Secretary Amrit Lal Meena instructs all District Magistrates to take immediate action; target to issue tenders before the model code of conduct kicks in
BUSINESS
'40,000 sq meter land parcel approved in just 2 hours 34 minutes': Real-time example of quick government response in Bern
Piyush Goyal said, "It has been confirmed that approximately 40,000 square meters can be made available… They will shift the green zone to another location.”
BUSINESS
US-India trade deal: We are negotiating a nice, fair, equitable and balanced agreement to promote business, says Piyush Goyal
Goyal said that the proposed bilateral trade agreement between India and the United States presents a valuable opportunity for both nations to enhance and deepen their economic partnership.
BUSINESS
US trade deal: "I am born optimistic; low-hanging fruits should be captured first," says Piyush Goyal
Drawing a parallel with India’s agreement with Australia, Goyal noted that both nations had initially implemented an interim deal, which later expanded into a more comprehensive pact.
BUSINESS
China’s rare earth export curbs to affect auto sector in short term; India working on alternatives: Piyush Goyal
According to Goyal, the Indian embassy is already in discussions with Chinese authorities on the matter, and the commerce ministry is engaged as well.
BUSINESS
India-EFTA trade pact to be implemented from September: Piyush Goyal
BUSINESS
Cabinet likely to approve Rs 25,000-crore fund for shipping sector soon
During the Union Budget speech on Feb 1, 2025, FM Sitharaman had announced the setting up of Maritime Development Fund to boost India’s maritime sector
INDIA
Partial trade deal with US within 90 days likely; India to focus on three key fronts
In the next 90 days, New Delhi will pursue a three-pronged strategy aimed at invigorating its trade relations and protecting its domestic industry, a source said
BUSINESS
India expects exemption from Trump's tariffs, believes duties 'not a setback'
The government, which has set a control room to deal with Trump’s tariff, believes the levies will have an impact on some sectors but others will benefit
BUSINESS
IDBI Bank stake sale on track, final decision in 3-4 months: DIPAM Secretary
Disinvestment process on track for BEML, SCI; PSU dividends expected to increase moving ahead, says Arunish Chawla
TELECOM
BSNL, MTNL get a boost for 4G; cabinet approves Rs 6,000 crore more: Sources
Out of the total project cost of around Rs 19,000 crore, the company had already spent approximately rs 13,000 crore.
BUSINESS
No need to wait for Budget for Income Tax Relief! New Income Tax Bill may have unique features, likely to get cabinet nod today
Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the term “Assessment Year” with “Tax Year”, eliminating British era references like “notwithstanding”, simplifying legal language by removing separate explanations and provisos, making tax clauses self-explanatory.
TECHNOLOGY
ChatGPT, DeepSeek banned in the Ministry of Finance
The order issued with the approval of Finance Secretary Tuhin Kanta Pandey, applies to all AI tools and applications
BUSINESS
Coal India may be staring at massive demand shortfall going forward, after two years it may come down upto 58%
Coal India's top buyers - both power and non-power consuming ones - may reduce their purchases over next two years, according to an assessment report of Coal Ministry.
BUSINESS
Government guarantees minimum support price for maize, pulses, cotton for 5 years
The government has finalised a process to implement the decision and has developed a portal where farmers will have to register and give an undertaking that they have diversified the crop.
