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GOI identifies 300 laws for potential decriminalisation to boost business

The minister noted that the Production-Linked Incentive (PLI) schemes launched in 2020, with an outlay of Rs 1.97 trillion, have been a significant driver for 14 sectors, particularly electronics and pharmaceuticals.Read more

GOI introduces new EV charging guidelines to boost electric vehicle growth

The implementation of these guidelines is expected to stimulate public-private partnerships, involving state agencies, power utilities, and private stakeholders, ensuring a coordinated approach to expanding the EV charging network.Read more

GOI approves Konoike Transport as buyer of Ferro Scrap Nigam for Rs 320 billion

FSNL, founded in 1979, specialises in recovering and processing scrap from slag in steel plants.Read more

Engineering growth amid the gloom

India's engineering goods exports touched $ 9.04 billion in July 2024, a rise of 3.6 per cent compared to $ 8.72 billion in July 2023, according to EEPC India.Read more

Centre unveils $15 billion blueprint to establish India as a major chip hub

As part of the new blueprint, the government plans to reduce the capital expenditure subsidy for assembly and testing plants (ATMP/OSAT) from the current 50% to 30% for conventional packaging technologies, and to 40% for advanced packaging technologies. Read more

GOI tightens disclosure norms for domestic solar manufacturers

This directive, issued via a notification on August 7, requires companies to self-certify as producers of indigenous solar components.Read more

No PLI proposals for shipping container manufacturing; GOI

The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more

GOI launches E-platform to connect exporters, MSMEs with stakeholders

The trade connect e-platform will offer valuable information on global trade events, the benefits of India's free trade agreements (FTAs), and other international trade data.Read more

All India Steel Bottles Association praises GOI initiative for stainless steel bottles on BIS certification

To facilitate this, BIS is offering faster approvals, licenses, and discounts for manufacturers setting up units within India, differentiating products based on their place of manufacture. Read more

GOI to implement equal 5% GST on all aircraft and engine parts to boost industry

The uniform tax rate is expected to reduce operational costs, resolve tax credit issues, and attract investment in the MRO sector.Read more

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