IndiaXports 2021 Portal

IndiaXports 2021 Portal: Union Minister for MSMEs virtually inaugurated the India Export Initiative and IndiaXports 2021 Portal of India SME Forum in New Delhi. IndiaXports aims to orient MSMEs free of cost, with the objective of focussing on the untapped export potential in existing tariff lines and supporting MSMEs in order to grow the number […]

Renewable Energy Certificate (REC) Mechanism

Renewable Energy Certificate (REC) Mechanism: Union Minister of Power and New & Renewable Energy has given his assent to amendments in the existing Renewable Energy Certificate (REC) mechanism. The intent behind this decision is to align the ‘mechanism’ with the emerging changes in the power scenario and also to promote new renewable technologies. The Salient […]

Defence Acquisition Council (DAC)

Defence Acquisition Council (DAC): The Defence Acquisition Council (DAC) in its meeting of 29 September 2021 held under the Chairmanship of Raksha Mantri Shri Rajnath Singh accorded Acceptance of Necessity (AoN) for Capital Acquisitions proposals for modernization and operational needs of the Indian Armed Forces amounting to approx. Rs.13,165 cr. Of the total amount approved, […]

Mekedatu Project

Mekedatu Issue: Facing strong objection from Tamil Nadu, Kerala, and Puducherry, the Cauvery Water Management Authority’s (CWMA) had urged Karnataka to promptly deliver the balance quantum of water owed to Tamil Nadu, whilst dropping debate on the Mekedatu project. The release should be as per the Cauvery Water Disputes Tribunal’s decision of 2007, which was […]

Section 66A Of The Information Technology Act

Section 66A Of The Information Technology Act: The Delhi High Court has asked the Centre to consider as representation a petition seeking to remove provisions from the statute such as Section 66A of the Information and Technology Act, which have already been declared unconstitutional. There are several criminal law sections that were struck down by […]

Production-Linked Incentive (PLI) Scheme for Textile

Production-Linked Incentive (PLI) Scheme: The Government has launched the Production-Linked Incentive (PLI) scheme for the textiles sector worth Rs 10,683 crore. This is part of a larger PLI scheme for 13 sectors, with a total budgetary outlay of 1.97 lakh crore. The PLI scheme for textiles aims to promote the production of high value Man-Made […]

China-Pakistan Economic Corridor – Afghanistan

China-Pakistan Economic Corridor: Pakistan has discussed Taliban-led Afghanistan joining the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project. China has proposed construction of the Peshawar-Kabul motorway as an extension of CPEC in Afghanistan. Taliban takeover of Afghanistan and China emerging as a major challenge in the form of the extension of its ambitious CPEC, has raised […]

Export Credit Guarantee Corporation (ECGC)

Export Credit Guarantee Corporation (ECGC): The Union Cabinet has approved capital infusion in the Export Credit Guarantee Corporation (ECGC) and its listing through an initial public offering. The government will inject Rs 4,400 crore in the ECGC over a period of five years beginning 2021-22. The Cabinet also approved continuation of the National Export Insurance […]