BUSINESS
MSME-SPICE Scheme to be expanded to include 'greenfield' projects after low uptake
According to SPICE scheme’s official dashboard only six MSMEs have availed incentives under the scheme so far, even as the programme envisages enabling more than 3400 MSEs to adopt Circular Economy (CE) solutions till 2026-27 (the end date of the scheme).
BUSINESS
Govt to add more African, South American buyers on Trade Connect to diversify textiles, leather exports
The initiative linked to the Trade Connect portal will be part of the central government’s soon-to-be-notified Rs 25,000 crore-'Export Promotion Mission' (EPM) that aims to offer a set of financial incentives to help exporters diversify to more markets.
BUSINESS
Telecom sector’s contribution to GDP to rise to 20% over in 10-12 years, says Scindia
The government is unlikely to raise its stake further in Vodafone Idea in the near future, the minister has said
INDIA
Hoping to work with industry and govt to expand their Telecom services once we are operational, says India Starlink executive
According to sources, the rules for the allocation of spectrum for satellite communications services are likely to be in place within next two months.
BUSINESS
Some AI tools unfairly impacting online prices, shows a CCI report: Can regulators rein in the algorithm?
A report by Competition Commission of India (CCI) on Artificial Intelligence has highlighted how AI tools could be getting used for unethical price manipulation and predatory pricing.
BUSINESS
CCI’s proposed 'self-audit' framework for AI 'unique' as compared to other jurisdictions: Experts
At present, UK and US encourage internal audits and algorithmic accountability. But, the CCI’s six-pillar model is relatively unique in offering a structured approach and if implemented well, experts note.
BUSINESS
Taiwan wants FTA with India, will reduce tariffs on Indian farms products, says Taiwanese economist
To get more Taiwanese investment, India should ease labour laws and streamline work visas, Kristy Hsu, director of the Taiwan-ASEAN Studies Center, has said in an interview to Moneycontrol
BUSINESS
Will make efforts to develop culture of competition compliance, promote innovation, says CCI's new market study on AI
According to CCI, AI’s impact on competition is multifaceted, as it may have both pro-competitive and anti-competitive implications. Some of the challenges are possible concentration in AI value chain, ecosystem lock-in, risk of algorithmic collusion, price discrimination, exclusive partnerships and opaque nature of algorithms, the market study said.
BUSINESS
India, China should join hands to deal with Trump tariffs and AI threat, says Liqing Zhang, a leading professor of finance
Zhang added that China is strong in some areas such as EV and renewable power panels, pointing to the fact that India can consider importing more from China. On the other hand, Beijing too can benefit from New Delhi’s strengths.
BUSINESS
India should consider joining CPTPP, ditch defensive stance in FTA talks, says Pravin Krishna
India needs to ensure that all FTAs negotiated bilaterally now are meaningful so that their benefits start reflecting as soon as they are in place, Krishna, who is professor of international economics at Johns Hopkins University, says in an interview to Moneycontrol
BUSINESS
Need to revive rule-based global trade system, UK and India should lead it: Karan Bilimoria
Karan Bilimoria, Member of House of Lords, said the India-UK free trade agreement (FTA) is going give a fillip to bilateral trade, and within the next five years, the trade’s value would double.
BUSINESS
IBC Amendment Bill: Centre re-examining draft 'out-of-court' insolvency rules to minimize litigation
The CIIRP will be different from the corporate insolvency resolution process CIRP, which comes into effect after the National Company Law Tribunal (NCLT) passes an order to initiate insolvency proceedings against a bankrupt company.
BUSINESS
Baijayant Panda to chair Parliament’s Select Committee to review IBC Amendment Bill
The Select Committee is likely to give its inputs to the government in the next two months, post which the Amendment Bill will be tabled in House for deliberations in the "Winter Session", said an official.
BUSINESS
Amazon, Flipkart pass on over Rs 300 crore in GST rate cut benefits during festive sales
Flipkart & Amazon have taken several communication and tech enhancement measures to ensure that the GST reductions are passed on to customers.
BUSINESS
Govt pulls up e-commerce players for not reducing prices after GST cuts
On September 29, consumer affairs secretary Nidhi Khare said the department has received more than 3,000 complaints of companies failing to pass on benefits of lower GST rates to consumers
BUSINESS
Supreme Court's JSW-BPSL judgment restores investor confidence in IBC, says official
Aimed at address inefficiencies and delays in the resolution process, the IBC Amendment Bill, introduced in August, introduces provisions that will prevent a repeat of the JSW-BPSL case, the official has said
BUSINESS
Trump’s H-1B visa fee a reminder of trade risks, Finance Ministry ‘monitoring’ impact on remittances and services
The GST rate rationalisation is expected to lower the tax burden on consumers, boost consumption, and provide a cushion against tariff impacts, said the finance ministry.
BUSINESS
Processed food manufacturers bet on GST cuts for domestic sales boom
The companies also feel that in the coming years, the exports of domestically manufactured processed foods will only rise as opportunities for tapping new markets are emerging.
BUSINESS
Tirumala gets India’s first AI-powered pilgrim Integrated Command & Control Centre
The centre, funded by NRIs, has more than 6,000 AI-enable cameras, with system processing 360,000 payloads every minute, 518 million events and generating 2.5 billion inferences daily in real time
BUSINESS
EPFO may allow ATM withdrawals from January 2026
The Central Board of Trustees (CBT) – the apex decision-making body of the EPFO – is likely to give approval for the ATM-withdrawal facility in its upcoming board meeting, scheduled to be held in October’s second week.
BUSINESS
Government likely to relax EPFO withdrawal norms to provide more flexibility to subscribers
The EPFO could relax withdrawal limits for the purpose of housing, marriage, and education. Though no timeline has been set, source say aims to relax the rules in the next one year
BUSINESS
There is a pattern in the protests that happened in Nepal, Bangladesh, and Sri Lanka: Sanjeev Sanyal
"Is there a pattern in all of this? What you saw in Sri Lanka, then in Bangladesh, and also in Nepal, very similar kinds of things are there. And there are rumors, particularly USAID funded NGOs which were involved in all of this," said Sanyal.
BUSINESS
Union Govt is perhaps not too large, it’s probably too small, says Sanjeev Sanyal
We are right now doing an exercise of mapping the government to see where all various agencies and all are. And once that is completed before the end of the year, we will have a very good sense of the landscape of the Indian central government, Sanyal said.
BUSINESS
'Process reforms' are streamlining myriad of small things that cause friction in the system: Sanjeev Sanyal
'We also need to go and look at the structure of the government itself, like the central government. There are all kinds of bodies in the government. Are these bodies needed?'
