Government Policy
Latest news, explainers and analysis on Government Policy. Tracking 24 stories on Arth Vani.
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Latest on Government Policy
INLD Leader Urges Haryana CM to Invoke Section 108 Against Parallel Power License
An INLD leader has formally requested the Haryana Chief Minister to intervene and halt the operation of a parallel power licence within the state. The appeal specifically calls for the invocation of Section 108 to address concerns regarding the licence.
Karnataka to Seek Centre's Advice on Restricting Children's Social Media Access
The Karnataka government plans to consult the central government regarding restrictions on social media access for children. This move comes as the Supreme Court has expressed reservations about broad bans and age-based limitations, highlighting the complex nature of digital regulation for minors.
Govt Forms Two Panels to Overhaul Exporter Tax Refund Schemes
The Indian government is initiating a significant overhaul of its tax refund schemes for exporters, establishing two dedicated panels for this purpose. This move aims to improve the targeting and optimal use of funds, following a recommendation from the Expenditure Finance Committee.
Centre & States to Draft New Rules for Existing GST Arrest Cases
The Central government and various state governments are set to collaborate on drafting new rules specifically for existing arrest cases under the Goods and Services Tax (GST) regime. This initiative aims to formalize and clarify procedures for individuals already facing arrest-related situations under GST laws, as reported by The Economic Times.
Centre and States to Collaborate on Widening India's GST Tax Base
The Central government and state administrations are set to work together on initiatives aimed at broadening India's Goods and Services Tax (GST) base. This collaboration seeks to improve tax compliance and potentially increase revenue collection across the nation.
Finance Minister Urges Steel Producers to Decarbonize, Boost Specialty Output
India's Finance Minister has called upon domestic steel manufacturers to prioritize decarbonization efforts and increase the production of specialty steel. This directive emphasizes the government's dual focus on sustainable industrial growth and strengthening self-reliance in a critical sector.
Indian Copper Producers Urge Government to Double Import Duty on Solar Components
The Indian Primary Copper Producers Association has requested the government to increase customs duties on solar PV ribbon and busbars from 5% to 10%. This move aims to protect domestic copper manufacturers, citing underutilized production capacity due to cheaper imports, particularly from China.
Delhi Govt Mandates MLA Approval for Senior Citizens' Welfare Scheme
The Delhi government has introduced a new requirement for senior citizens to obtain approval from their local MLA to access benefits under its welfare scheme. This procedural change adds an extra step to the application process, potentially impacting how eligible seniors receive government support.
Uttar Pradesh Unveils New Policy to Attract Global Capability Centres in 2024
The Uttar Pradesh government has launched the Uttar Pradesh Global Capability Centres Policy, 2024, aiming to attract more multinational corporations to set up their captive technology and business operations within the state. This initiative seeks to boost employment, foster economic growth, and position UP as a hub for advanced tech and business services.
BreakingGovernment May End UPI Subsidies as MDR Revenue Strengthens: The Economic Times
The Indian government is reportedly considering withdrawing its subsidies for Unified Payments Interface (UPI) transactions, according to a report by The Economic Times. This potential shift comes as the revenue generated from Merchant Discount Rate (MDR) for UPI payments is reportedly gaining traction, suggesting UPI's increased financial self-sufficiency.
Government Implementing UPI Fees for Large Merchant Payments
The Indian government is reportedly introducing fees for significant merchant transactions processed through the Unified Payments Interface (UPI). Specific details on the fee structure and its rationale are yet to be publicly disclosed.
Haryana Seeks Greater Focus on Agriculture, Green Energy Financing at FMs Meet
Haryana has urged fellow states and the Union government to prioritize financing for agriculture and green energy sectors during the states' finance ministers meet. This initiative highlights the critical need for increased investment in these vital areas to boost economic growth and sustainable development.
India Explores Policies to Boost Domestic Aircraft Leasing Market
The Indian government is reportedly exploring various measures aimed at strengthening the domestic aircraft leasing industry. This initiative seeks to reduce reliance on foreign lessors and enhance India's position in global aviation finance.
UK Payment System Overhaul Backed by Industry, Execution Confidence Lags
Over 80% of UK financial industry leaders support the government's plan to modernize payment systems. However, a recent survey reveals that less than 33% are highly confident in how effectively this significant overhaul will be implemented, indicating concerns about the practical execution.
Government Plans Bulk Green Power Buys for Factories to Cut Costs & Emissions
The Indian government is exploring a strategy to aggregate the energy demand of factories, enabling them to purchase green power in bulk. This initiative aims to secure more competitive prices for cleaner electricity, helping manufacturers reduce both their energy expenses and carbon footprint.
India Extends EV Motor Localization Deadline to April 2027
The Indian government has deferred the deadline for local manufacturing of electric vehicle (EV) motors to April 2027. This decision provides domestic EV manufacturers with additional time to develop and source key components within the country, aligning with the 'Make in India' initiative.
India's Sugar Stockpile Shrinks as Production Estimates Fall, Prices Rise
India's sugar production estimate has been revised downwards, leading to a tighter supply outlook and a reduction in opening stocks for the new season. This has contributed to a sharp increase in retail sugar prices across the country. The government has responded by allowing duty-free imports of raw sugar to stabilize the market.
BreakingPM Modi Urges MSMEs to Leverage India's 40+ FTAs for Global Export Growth
Prime Minister Narendra Modi has encouraged Indian Micro, Small, and Medium Enterprises (MSMEs) to actively utilize the nation's numerous free trade agreements (FTAs) to expand their global presence. Since 2014, India has finalized trade pacts with approximately forty countries, aiming to significantly boost the international reach of Indian products and offer MSMEs new opportunities.
BreakingUPI Remains Free for Consumers and Small Merchants, Government Clarifies
The Indian government has confirmed that using UPI will continue to be free for consumers and small merchants. Potential Merchant Discount Rate (MDR) charges may only apply to a select category of transactions exceeding a certain threshold, which is yet to be specified.
Government Notifies New Framework for B2B E-commerce Exports, Eases FDI Rules
The Indian government has operationalised a new framework aimed at boosting e-commerce exports. This move follows an earlier decision to exempt B2B e-commerce exports from existing Foreign Direct Investment (FDI) regulations.
BreakingIndian Sugar Prices Jump 17% in a Month Amid Supply Worries; Government Sets Stock Limits
Indian sugar prices have surged by 17% in the past month, driven by concerns over lower domestic output and the El Niño weather pattern. In response, the government has imposed stock limits on mills and traders to stabilize rates. Despite these measures, demand for sugar remains robust, indicating potential for continued price pressure.
New LaunchBreakingGovernment May Reintroduce UPI Charges for Large Merchant Transactions Over ₹2,000
The Indian government is considering reintroducing Merchant Discount Rate (MDR) for UPI transactions made to large merchants, specifically those exceeding ₹2,000. This move, part of proposed amendments to the Payment and Settlement Systems Act, aims to help banks and fintech firms recover technology and infrastructure investments in the digital payments ecosystem.
Centre Divides Housing Ministry into Two Specialist Departments for Urban Reset
The Ministry of Housing and Urban Affairs has undergone a significant structural overhaul, splitting into two specialized departments. This administrative revamp aims to streamline service delivery and accelerate infrastructure projects across India's urban landscape, accompanied by rapid leadership changes.
Nuclear Energy Gains Global Government Backing; What This Means for Investors
Nuclear energy is seeing renewed support from governments globally, driven by energy security and climate goals. This signals a potential long-term investment theme, urging investors to monitor developments in the sector.
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