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Central Government announces structured timeline for compliance with Amendments in labelling Provisions under the Legal Metrology (Packaged Commodities) Rules, 2011

Government of India has introduced a revised timeline for implementing amendments in the Legal Metrology (Packaged Commodities) Rules, 2011. To facilitate smooth implementation, it has been decided that any amendments to labelling provisions will come into effect on either January 1st or July 1st, subject to a minimum transition period of 180 days from the […]

Government Approves Mutual Credit Guarantee Scheme to Strengthen MSME Manufacturing Sector, fulfilling the budget announcement of 2024-25

Loans upto Rs. 100 crore for purchase of Plant and Machinery / Equipment are eligible for guarantee coverage giving a boost to manufacturing sector Scheme offers 60% guarantee coverage to Member Lending Institutions (MLIs*) for credit facility upto Rs.100 crore sanctioned to eligible MSMEs GoI has approved introduction of Mutual Credit Guarantee Scheme for MSMEs […]

All 36 States/UTs Expected to Complete Pre-publication of Harmonized Draft Rules in line with Labour Codes by 31st March 2025

Labour Reforms Several States have undertaken reforms in line with labour codes under the existing Acts. These reforms are aimed at promoting greater ease of doing business, reduction in compliance burden, decriminalisation, promoting women participation in the workforce, and other employment and labour related interventions, leading to a friendlier ecosystem of labour regulations. Such interventions […]

India’s Investment and External Commercial Borrowings (ECB) Landscape

India’s investment ecosystem and external commercial borrowings (ECBs) have witnessed significant developments over the past few years. The recent report by the State Bank of India (SBI) has highlighted trends in investment announcements, private sector’s contribution, and role of ECBs in corporate financing. Investment Announcements (9MFY25) Investment activity in India continues to grow at a rapid pace, with significant contributions from the private […]

Department of Consumer Affairs, Government of India notifies Draft Legal Metrology (Indian Standard Time) Rules, 2025 to Synchronize Time across India

Aiming towards ‘One Nation, One Time’ and achieving precision in Indian Standard Time (IST), the Department of Consumer Affairs, Government of India has undertaken a project in association with National Physical Laboratory (NPL) and India Space Research Organisation (ISRO) to disseminate IST with millisecond to microsecond accuracy.  The project aims to create technology and infrastructure […]

ALL-INDIA CONSUMER PRICE INDEX NUMBERS FOR AGRICULTURAL AND RURAL LABOURERS – DECEMBER, 2024

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) remained unchanged for the month of December 2024 at 1320 and 1331 points respectively. The year-on-year inflation rates based on CPI-AL and CPI-RL for the month of December 2024 were recorded at 5.01% and 5.05%, respectively, compared to 7.71% and […]

DPIIT partners with Apna to boost startup talent and create job opportunities for youth

Department for Promotion of Industry and Internal Trade (DPIIT) and Apna, India’s leading jobs and professional networking platform, have entered into an alliance for talent hunt to equip DPIIT registered startups with the highly skilled manpower thus creating new job opportunities for the unemployed youth. The partnership, formalized through a Memorandum of Understanding (MoU), brings […]

CBDT notifies amendments in Income-tax Rules, 1962 to prescribe conditions for applicability of presumptive taxation regime for non-resident cruise ship operators

As a measure to promote investment and employment, Finance (No. 2) Act, 2024 inter alia provided a presumptive taxation regime for non-residents, engaged in the business of operation of cruise ships. Further, exemption has been provided for any income of a foreign company from lease rentals of cruise ships, received from a related company which […]

‘Entity Locker’:  A Digital Public Infrastructure for streamlined business document management, developed by Ministry of Electronics and Information Technology

Real-time document access, 10 GB cloud storage, and digital signature authentication to reduce overhead, speed up processes, and boost business efficiency The National eGovernance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY) has developed Entity Locker, a cutting-edge digital platform designed to transform the management and verification of business/organisation documents. Securing cloud solution […]

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