Onion Export Ban Removal Demanded by Farmers
Indian onion farmers are anxiously awaiting a decision from the government regarding the removal of the export ban currently in place. The ban, implemented in December 2023, aimed to curb skyrocketing onion prices that had reached a retail inflation rate of 22.1% in February 2024. However, with the arrival of the rabi onion harvest, the […]
FSSAI Certifies Nearly 100 Jails as ‘Eat Right Campus’
In a significant victory for public health, the Food Safety and Standards Authority of India (FSSAI) has certified nearly 100 jails across the country as “Eat Right Campuses” by March 2024. This initiative impacts over 1.2 million people, including inmates and prison staff. It’s a major step forward for the Eat Right India movement, promoting […]
EV Policy Extended: Delhi Cabinet Approves Till June
The fight for cleaner air in Delhi gets a shot in the arm with the Delhi Cabinet’s approval to extend the Electric Vehicle (EV) Policy until June 30, 2024. This decision comes as a welcome relief for potential EV buyers, as it ensures the continuation of existing incentives and subsidies that make electric vehicles a […]
T+0 Settlement Beta: SEBI Begins Trading with 25 Scrips
The Indian stock market is set for a potential shakeup with the introduction of T+0 settlement beta. Announced by the Securities and Exchange Board of India (SEBI) in March 2024, this program marks a significant shift from the existing T+1 settlement cycle, where trades settle one business day after execution. T+0 Explained: Same-Day Settlement Under […]
Govt’s E-Vehicle Policy: Minimum $500M Investment Decided
India’s electric vehicle (EV) dream charges forward with the government’s recently unveiled policy. This strategic initiative aims to propel the nation into the fast lane of global EV manufacturing by attracting established industry giants. A Selective Invitation: High Investment Bar A central pillar of the policy is the significant minimum investment requirement of $500 million […]
PM-Surya Ghar Muft Bijli Yojana: 1 Cr+ Households Sign Up
India’s flagship rooftop solar program, PM-Surya Ghar Muft Bijli Yojana, has sparked a remarkable response in its initial launch phase. By March 2024, a staggering number – over 1 crore households – have registered for the scheme, surpassing expectations and reflecting the growing public appetite for renewable energy solutions. High Registration Numbers: A Sign of […]
RBI Drafts Rules for Climate Risk Disclosure by Financials
The Reserve Bank of India (RBI) has taken a commendable step towards environmental sustainability in the financial sector by proposing mandatory climate risk disclosure for regulated entities. This move, outlined in the draft framework titled “Disclosure Framework on Climate-related Financial Risks, 2024”, signifies India’s commitment to integrating climate considerations into financial decision-making. A Four-Pillar Approach […]
Pharma Tech Benefits Now Reach Non-MSMEs
The Indian pharmaceutical industry is undergoing a major transformation as the government has revamped the Pharmaceuticals Technology Upgradation Assistance Scheme (PTUAS) to support drug companies in upgrading their facilities to produce medicines conforming to global standards. The scheme now extends beyond MSMEs to pharmaceutical manufacturing units with a turnover of less than Rs 500 crore […]
Govt Introduces Spectrum Sandbox for Telecom Testing
The government has announced a new policy to facilitate spectrum testing for telecom equipment and R&D. The spectrum regulatory sandbox will allow entities such as educational institutions, telcos, and network manufacturers to apply for spectrum through a portal by paying a nominal fee. The sandbox will enable hassle-free and flexible environment for innovation and development […]
Govt Extends Coal Import Mix Rule Amid Election Power Fears
The government has extended the mandate for power producers to import 6% of their coal requirements until June 2024 to avoid power shortage during the polls. This decision comes amidst domestic supply constraints and logistical bottlenecks that hamper the movement of coal via the railway network. The peak power demand is expected to surge significantly […]