Recently, the Union cabinet chaired by Prime Minister Narendra Modi has approved National Digital Communications Policy (NDCP 2018). It replaces the current National Telecom Policy 2012 in order to satisfy the modern needs of the digital communications sector in India.
On September 20, 2018, U.S. and China have announced fresh tariffs on each other’s imports, aggravating the trade war further.
The European Union also joined the trade war recently, imposing tariffs on $3.3 billion…
In August 2018, Union Cabinet approved a policy framework that permits both private and government players to explore and exploit unconventional hydrocarbons including shale gas.
The Central government has formulated a 5 year, Rs 8,000 crore plan to explore the deep parts of the Ocean for the possibilities of deep-sea mining. Union Ministry of Earth Sciences is tasked with coordinating the exercise and it recently unveiled a blueprint of the Deep Ocean Mission (DOM).
The government is thinking of a plan to sell LPG blended with methanol, which could facilitate reduction in its cooking gas subsidy by 1/3rd of its current prices. The plan is to manufacture methanol from abundantly available low-quality coal and other bio resources, and also produce it synthetically. The project would be implemented by the NITI Aayog.
Coastal Economic Zone (CEZ) refers to designated coastal areas with special economic regulations such as tax incentives and lower tariffs to make it friendly for foreign direct investment.
For the first time in history, Indian rupee fallen into a record low of Rs. 70 against USD on 14 August 2018. This sudden depreciation was also seen in other currencies of emerging markets…
In November 2017, the central government had formed a task force to create a new Direct Tax law which seeks to replace the present Income Tax Act, 1961. The Task Force will submit its report to the government on how to fix the more-than-50-year-old Income Tax Act, 1961.