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Government unveils key initiatives to boost industrial growth & investmentsPakistan train hijack saga - security forces make negligible gains despite heavy shelling & firing; over 250 hostages still being heldI-T- Proviso to Section 36(1)(iii) aims to exclude interest costs from being deductible during the period from when loan is initially taken until asset created by borrowing is used in business: HCDisplaying food menu and rate list mandatory aboard trains: Railways MinisterI-T- Section 36(1)(iii) does not distinguish between capital borrowed for revenue or capital assets: HCRBI, NCFE launch joint campaign to boost financial literacyGST - A new entry was inserted to make Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice to be taxable @ 14% GST and @12% Compensation Cess - Therefore, these notifications can only have effect from the date it is made effective and prospectively: HCLaw Ministry acknowledges US Securities and Exchange Commission’s request for assistance in lawsuit against Adani Group; Gujarat court asked to serve noticeGST - In the absence of reasons having been assigned in SCN in support of a proposed retrospective cancellation as well as a failure to place petitioner on prior notice of such an intent clearly invalidates impugned action: HCGovt extols pension reforms, focus on senior citizens' welfareGST - Appeal should not be dismissed merely due to a procedural delay, especially when the petitioner has made an effort to comply with statutory requirements, including the pre-deposit of 10%: HCMP Govt unveils Rs 4.21 Lakh Crore budget focussed on industrial growthCX - No disputed question of law is involved - Contention that no personal hearing was granted is contrary to the record - Petitioner should avail alternative remedy: HCGovt recounts steps to improve financial soundness of banks; credit discipline, responsible lending being addressedMisc - Grave prejudice caused - In absence of a notice of any kind and a reasonable opportunity of hearing, the order passed becomes wholly vitiated: HCChin refugees from Myanmar draining resources, creating security threat for Mizoram: Mizo activist writes letter to Home Minister Amit ShahHow Many Days Make a GST Month?Baloch rebels hijack Jafar Express in Pakistan; 20 security personnel killed while about 180 taken hostage; 80 hostages freed so farAAHAR 2025 - APEDA showcases achievements in agriculture & processed food sectorsWhite House dials up heat on Columbia University to expel pro-Palestinian activistsIndia, Qatar ink MoU for bilateral investment, financial tools & PPP frameworkNew electrochemical process developed which turns urine into plant fuelIndia accounts for 3% of global pharma exports; Govt lists steps to curb spurious drugsUkraine backs US-led proposal for 30-day ceasefirePMG reviews mega infra projects in AP & TN; calls for resolution of pending issuesCus - It is for an aggrieved person to choose from available remedies & to bear consequence - including that of lack of jurisdiction; it is for other side to advise caution on that in score: CESTATI-T - Merely because cash were deposited during demonetization period, does not make it tainted: ITATI-T- Retrospective denial of exemption u/s 11 and 12, on grounds of the claimant having been registered u/s 12A, is invalid: ITATI-T- Re-assessment invalid where based solely on conjecture & without being based on any corroborative evidence or independent verification by AO: ITAT
 
Government unveils key initiatives to boost industrial growth & investments

By TIOL News Service

NEW DELHI, MAR 12, 2025: THE Government has taken several steps to boost investments and attract more industrial activities in the country. The Government of India, through the Department for Promotion of Industry and Internal Trade (DPIIT) and other Central Ministries/Departments, provides an enabling ecosystem for the overall industrial development of the country through appropriate policy interventions.

Make in India, Start-up India, PM GatiShakti, National Industrial Corridor Programme, Production Linked Incentive (PLI) Scheme, promoting Ease of Doing Business (EoDB) and reducing compliance burden, National Single Window System (NSWS), India Industrial Land Bank, Project Monitoring Group (PMG), liberalization of FDI policy, Production Linked Incentive (PLI) Schemes, Indian Footwear and Leather Development Programme (IFLDP) Scheme are some of the major initiatives of the Department to boost industrial growth in the country.

An institutional mechanism to fast-track investments has been put in place in the form of Project Development Cells (PDCs) in all concerned Ministries/Departments of the Government of India. Subsequently, the Cabinet Committee on Economic Affairs recently approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crores. Spanning across 10 states and strategically planned along six major corridors, these projects represent a significant leap forward in India's quest to enhance its manufacturing capabilities and economic growth.

In addition, the Government has implemented various measures to stimulate Foreign Direct Investment (FDI) inflows. The Government has put in place an investor-friendly policy, wherein most sectors except certain strategically important sectors, are open for 100% FDI under the automatic route. More than 90% of the FDI inflow is received under the automatic route. India continues to open up its economy to global investors by raising FDI limits, removing regulatory barriers, developing infrastructure and improving business environment. For instance, the Union Budget 2025 announced for the further increase of FDI sectoral cap for the insurance sector from 74% to 100%. This enhanced limit will be available for those companies, which invest the entire premium in India.  The Government always strives to attract more FDI by removing regulatory barriers, streamlining processes, developing infrastructure, bettering logistics and improving the business environment by enhancing the Ease of Doing Business (EoDB).

This information was given by the Minister of State in the  Ministry of Commerce & Industry, Jitin Prasada, in a written reply in the Lok Sabha yesterday.


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