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Govt looking at procedural easing to further promote FDI, says official

by AIP Online Bureau | Feb 9, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation

The department for promotion of industry and internal trade (DPIIT) has held stakeholder consultations with different government departments, regulators, industry associations, advisory and law firms, pension funds, private equity and venture capitals. New Delhi: The...
Govt amends norms to restore Aadhaar verification process for private entities

Govt amends norms to restore Aadhaar verification process for private entities

by AIP Online Bureau | Jan 31, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“Any entity other than the Ministry or Department… which is desirous of utilising Aadhaar authentication, shall prepare a proposal with justification in regard to the authentication sought being for a purpose specified in rule 3 and in the interest of state, and...

Economic Survey-Financial regulators need formal impact assessment rules, government

by AIP Online Bureau | Jan 31, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation

The report suggested that regulators set up an independent Regulatory Impact Assessment (RIA) agency internally. The RIA would directly report to the board of the regulator, which includes members from the government and independent directors. MUMBAI: India’s...

Govt to shelve privatisation plans, pour billions in state-run firms

by AIP Online Bureau | Jan 27, 2025 | Eco/Invest/Demography, Indian News, Policy

In 2021, Modi’s government announced a major programme to privatise most of India’s state-run companies. The plan was so drastic that even in the four sectors that India sees as sensitive, such as telecoms and banking, it wanted to keep only a minimum...

Govt drafts rules for mandatory adoption of Indian Standard Time nationwide

by AIP Online Bureau | Jan 26, 2025 | Eco/Invest/Demography, Policy, Regulation, Technology

IST shall be the mandatory time reference across all sectors, including commerce, transport, public administration, legal contracts, and financial operations,” as per the draft rule. Key provisions include, prohibition of time references other than IST for official...
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