Union Budget 2023-24
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  • What are the benefits of Farmers Produce Trade and Commerce (Promotion & Facilitation) Act, 2020?

    This Act empowers farmers to freely sell their produce from farm gate directly to the buyers/exporters/processors/retailers who are offering better prices as alternative to APMC Markets without paying any market fee in trade area. It will help to reduce transportation cost of farmers produce from the farm gate to the mandis. It will also help in reducing post-harvest losses. The farmers can now store their produce in warehouses after harvest and sell it directly from such warehouses at appropriate time at suitable prices without bringing the produce to APMC Markets for selling.

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  • Under Farmers Produce Trade and Commerce (Promotion & Facilitation) Act, 2020, corporate companies are also becoming entity as ‘farmer’?

    Corporate companies are not included in the definition of farmer in this Act. Only Farmer Producers Organizations (FPOs), which are registered under any law, are included under the definition of farmer apart from individual farmers.

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  • What are the payment procedures for FPO or Agricultural Cooperative Society under Farmers Produce Trade and Commerce (Promotion & Facilitation) Act, 2020?

    • An FPO or an agricultural co-operative society shall make payment to the farmer immediately after sale, but not later than fourteen days from the date of aggregation or purchase subject to the condition that the receipt of delivery shall be given to the farmer on the same day.
    • When FPO aggregates or buys the scheduled farmers’ produce from farmer in the trade area and sells such produce in raw form itself, it shall make the payment immediately after such sale, but not later than three days from the date of aggregation or purchase, if procedurally so required, subject to the condition that the receipt of delivery shall be given to the farmer on the same day.

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  • What is the Agricultural Marketing Infrastructure scheme?

    It is common knowledge that there is a need to promote agriculture marketing infrastructure projects for reducing the involvement of intermediates and minimizing post-harvest losses. A robust agriculture marketing infrastructure will ensure better remuneration to farmers and supply of better quality products to consumers and processing industries. During the XII plan period, the estimated investment for marketing infrastructure and value chain development was $ 8.61 billion .

    To address this need, the Department of Agriculture and Cooperation (DAC), Govt. of India has introduced the Agricultural Marketing Infrastructure (AMI) Scheme by merging the earlier GrameenBhandaranYojana (GBY) and the Scheme for Development/Strengthening of Agricultural Marketing Infrastructure, Grading and Standardization (AMIGS).

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  • What is agricultural biotechnology?

    Agricultural biotechnology is an advanced technology that allows plant breeders to make precise genetic changes to impart beneficial traits to the crop plants we rely on for food and fiber.

    For centuries farmers and plant breeders have labored to improve crop plants. Traditional breeding methods include selecting and sowing the seeds from the strongest, most desirable plants to produce the next generation of crops. By selecting and breeding plants with characteristics such as higher yield, resistance to pests and hardiness, early farmers dramatically changed the genetic make-up of crop plants long before the science of genetics was understood. As a result, most of today's crop plants bear little resemblance to their wild ancestors.

    The tools of modern biotechnology allow plant breeders to select genes that produce beneficial traits and move them from one organism to another. This process is far more precise and selective than crossbreeding, which involves the transfer of tens of thousands of genes, and provided plant developers with a more detailed knowledge of the changes being made.

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  • What is the PLI scheme for Champion Auto Component manufacturers?

    The PLI Scheme has a budgetary outlay of INR 25,938 crore, for incentives.

    The scheme offers financial incentives to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain. Prime objectives of the scheme include overcoming cost disabilities, creating economies of scale, generating employment, building a robust supply chain in areas of Advanced Automotive Technology products and facilitating the Automobile Industry to move up the value chain into higher value added products.

    The initial list of eligible Advanced Automotive Technology components was prescribed by MHI. The list can be amended by MHI from time to time depending upon technological developments. For more details refer to https://pliauto.in/

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  • As per the notified application form, applicants are required to submit details of AAT products to be manufactured during the tenure of the Scheme. Will selected AAT products be part of approval letter to be issued by MHI/ PMA?

    The information sought in the application form regarding AAT products is indicative only. There will not be any mention of AAT products in the approval letter to be issued by MHI/ PMA. The applicant once approved may change their selected AAT products at any time with intimation to MHI/ PMA. It may further be noted that post approval/ selection of applicant under the Scheme, the approved applicant will apply for registration of their products as eligible Advanced Automotive Technology (AAT) products to seek incentive in this scheme. Pre-approval of eligible product will be done by Testing Agency of MHI as AAT Product. Minimum 50% domestic value addition will be required. Applicant can register with Testing Agency for new AAT products on an ongoing basis.

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  • What is National Automotive Board (NAB)?

    In order to capitalise on India's potential to rise to global eminence in the field of automotive R&D, design innovation, technical domain expertise and proactive policy formulation, the National Automotive Board was constituted as per approval of the Cabinet in October 2012 and was registered under the Registration of Societies Act in August 2013. This organisation provides a single platform for dealing with all matters relating to the automotive sector especially on matters pertaining to testing, certification, homologation, administering the automotive labs etc. being set up under NATRIP.

    NAB is the operating agency for the implementation of FAME India Scheme including disbursement of funds for the various components. Accordingly, an Online Demand Incentive Delivery Mechanism (DIDM) is in place for release of demand incentives to OEMs as per details available in www.fame-india.gov.in.

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  • What would be the minimum threshold limit for Cumulative New Domestic Investment and Determined Sales Value for existing automotive manufacturing company applying under Champion OEM Scheme

    Existing automotive manufacturing company (EAMC) applying under both Champion OEM Incentive scheme and Component Champion Incentive scheme, will have to meet minimum cumulative domestic investment condition of ₹2,000 crore for Champion OEM Incentive scheme AND of ₹250 crore for Component Champion Incentive scheme i.e. ₹2,250 crore in aggregate, by March 31, 2027.

    Existing automotive manufacturing company applying under both Champion OEM Incentive scheme and Component Champion Incentive scheme will have to meet minimum threshold determined sales value of ₹125 crore for Champion OEM Incentive scheme AND of ₹25 crore for Component Champion Incentive scheme in the first year (i.e. FY2021-22).

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  • Who is the Project Management Agency (PMA) for PLI-AUTO?

    IFCI Limited (IFCI), having its Registered and Head/ Corporate Office at IFCI Tower, 61 Nehru Place, New Delhi – 110019, has been appointed as PMA for the Scheme. Email ID of the PMA is pliauto@ifciltd.com

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  • What would be the minimum threshold limit for Cumulative New Domestic Investment and Determined Sales Value for new automotive investor company applying under Champion OEM Scheme and Component Champion Scheme?

    New Non-Automotive Investor Company (NNIC) applying under both Champion OEM Incentive scheme and Component Champion Incentive scheme, will have to meet minimum cumulative domestic investment condition of ₹2,000 crore for Champion OEM Incentive scheme AND of ₹500 crore for Component Champion Incentive scheme i.e. ₹2,500 crore in aggregate, by March 31, 2027.

    New Non-Automotive Investor Company applying under both Champion OEM Incentive scheme and Component Champion Incentive scheme will have to meet minimum threshold determined sales value of ₹125 crore for Champion OEM Incentive scheme AND of ₹25 crore for Component Champion Incentive scheme in the first year (i.e. FY2021-22).

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  • Where can the applicant access the details of the Scheme and make submission of the online application form?

    The official portal of the Scheme is https://pliauto.in/. All the relevant information such as notifications on Scheme, Guidelines, FAQs, format of Application Form and List of Advanced Automotive Technology Products is available as public information on this portal. All applications are to be submitted through this online portal. The online application form shall be accessible after due registration by the applicant on the portal. 

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  • Is the minimum new domestic investment condition applicable per product or at consolidated level for all the AAT products?

    The minimum new domestic investment condition is applicable for the eligibility of the applicant during the tenure of the scheme and it will be tested as per table at Para 3.2 (c) of the scheme. Further, as per para 2.19 of the guidelines, investment has to be made for eligible products under the Scheme. Accordingly, investment made for eligible products at consolidated level shall be considered for arriving at new domestic investment.

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  • Applications will be invited within 60 days of notification of this scheme. The window for receiving applications through the Notice Inviting Applications will be for a period of 60 days. What is the duration of the Application Window? Is the Application Window open?

    As per paragraph 5 of the notification dated 09/11/2021 regarding (i) Application Form and (ii) List of Advanced Automotive Technology Products, the window for receiving applications through the Notice Inviting Applications will be open for a period of 60 days from the date of its publication in the official Gazette. Accordingly, the window for receiving Applications is already open with effect from 11th November, 2021 till 23:59:59 hours IST on 9th January, 2022.

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  • The scheme covers group companies. If two companies are having common one or more individual promoter(s), who is/ are directly or indirectly able to control such two companies by 26% or more voting rights or appointment of more than 50% Board members, can such two companies be treated as group companies under the scheme?

    Yes, as per clause 2.17 of the guidelines, such companies shall be treated as group companies under the Scheme.

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  • Is there any restriction on selection of AAT products by the approved applicants under the Scheme?

    An approved applicant under Champion OEM scheme will have option to seek incentive for any number of permissible AAT Vehicle products. Similarly, an approved applicant under Component Champion scheme will have option to seek incentive for any number of permissible AAT Component products. It may, however, be noted that Total Incentive per entire Group company(ies) is capped at ₹ 6,485crore (25% of total incentives outlay under this Scheme).

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  • Which are the concerned government divisions/services for auto and auto-parts?

    The Ministry of Heavy Industries, Government of India, deals with areas related to vehicles and automotive parts. Entire Automotive industry falls under the concern of Heavy Industries Ministry.

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  • As per the notified application form, applicants are required to submit details of AAT products to be manufactured during the tenure of the Scheme. Will selected AAT products be part of approval letter to be issued by MHI/ PMA?

    The information sought in the application form regarding AAT products is indicative only. There will not be any mention of AAT products in the approval letter to be issued by MHI/ PMA. The applicant once approved may change their selected AAT products at any time with intimation to MHI/ PMA. It may further be noted that post approval/ selection of applicant under the Scheme, the approved applicant will apply for registration of their products as eligible Advanced Automotive Technology (AAT) products to seek incentive in this scheme. Pre-approval of eligible product will be done by Testing Agency of MHI as AAT Product. Minimum 50% domestic value addition will be required. Applicant can register with Testing Agency for new AAT products on an ongoing basis.

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  • What is the PLI scheme for Champion OEM?

    The PLI Scheme for the auto sector envisages to overcome the cost disabilities of the industry for manufacture of Advanced Automotive Technology products in India. The incentive structure will encourage industry to make fresh investments for indigenous global supply chain of Advanced Automotive Technology products. It is estimated that over a period of five years, the PLI Scheme for Automobile and Auto Components Industry will lead to fresh investments of over Rs 42,500 crores, incremental production of over Rs 2.3 lakh crore and will create additional employment opportunities of over 7.5 lakh jobs. Further this will increase India’s share in global automotive trade. The Government notified the scheme in Sep’21. The scheme was closed on 9th Jan. MHI has processed the applications received under Champion OEM Incentive scheme and 20 applicants (along with their 12 subsidiaries) have been approved under this category of the scheme. Applications for Component Champion Incentive scheme are being processed separately.

    For more information: Here

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  • What would be the minimum threshold limit for Cumulative New Domestic Investment and Determined Sales Value for existing automotive manufacturing company applying under Champion OEM Scheme

    Existing automotive manufacturing company (EAMC) applying under both Champion OEM Incentive scheme and Component Champion Incentive scheme, will have to meet minimum cumulative domestic investment condition of ₹2,000 crore for Champion OEM Incentive scheme AND of ₹250 crore for Component Champion Incentive scheme i.e. ₹2,250 crore in aggregate, by March 31, 2027.

    Existing automotive manufacturing company applying under both Champion OEM Incentive scheme and Component Champion Incentive scheme will have to meet minimum threshold determined sales value of ₹125 crore for Champion OEM Incentive scheme AND of ₹25 crore for Component Champion Incentive scheme in the first year (i.e. FY2021-22).

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  • Who is the Project Management Agency (PMA) for PLI-AUTO?

    IFCI Limited (IFCI), having its Registered and Head/ Corporate Office at IFCI Tower, 61 Nehru Place, New Delhi – 110019, has been appointed as PMA for the Scheme. Email ID of the PMA is pliauto@ifciltd.com

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  • What would be the minimum threshold limit for Cumulative New Domestic Investment and Determined Sales Value for new automotive investor company applying under Champion OEM Scheme and Component Champion Scheme?

    New Non-Automotive Investor Company (NNIC) applying under both Champion OEM Incentive scheme and Component Champion Incentive scheme, will have to meet minimum cumulative domestic investment condition of ₹2,000 crore for Champion OEM Incentive scheme AND of ₹500 crore for Component Champion Incentive scheme i.e. ₹2,500 crore in aggregate, by March 31, 2027.

    New Non-Automotive Investor Company applying under both Champion OEM Incentive scheme and Component Champion Incentive scheme will have to meet minimum threshold determined sales value of ₹125 crore for Champion OEM Incentive scheme AND of ₹25 crore for Component Champion Incentive scheme in the first year (i.e. FY2021-22).

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  • Where can the applicant access the details of the Scheme and make submission of the online application form?

    The official portal of the Scheme is https://pliauto.in/. All the relevant information such as notifications on Scheme, Guidelines, FAQs, format of Application Form and List of Advanced Automotive Technology Products is available as public information on this portal. All applications are to be submitted through this online portal. The online application form shall be accessible after due registration by the applicant on the portal. 

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  • Is the minimum new domestic investment condition applicable per product or at consolidated level for all the AAT products?

    The minimum new domestic investment condition is applicable for the eligibility of the applicant during the tenure of the scheme and it will be tested as per table at Para 3.2 (c) of the scheme. Further, as per para 2.19 of the guidelines, investment has to be made for eligible products under the Scheme. Accordingly, investment made for eligible products at consolidated level shall be considered for arriving at new domestic investment.

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  • Applications will be invited within 60 days of notification of this scheme. The window for receiving applications through the Notice Inviting Applications will be for a period of 60 days. What is the duration of the Application Window? Is the Application Window open?

    As per paragraph 5 of the notification dated 09/11/2021 regarding (i) Application Form and (ii) List of Advanced Automotive Technology Products, the window for receiving applications through the Notice Inviting Applications will be open for a period of 60 days from the date of its publication in the official Gazette. Accordingly, the window for receiving Applications is already open with effect from 11th November, 2021 till 23:59:59 hours IST on 9th January, 2022.

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  • What is the Production Linked Incentive scheme for Advanced Chemistry Cells?

    Advance Chemistry Cells (ACCs) are the new generation advance energy storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required.

    Integrated battery value can be broadly divided (at the sales end) into the battery pack and the ACCs. While several companies in India have already started investing in battery packs assembly, the capacities of these facilities are too small when compared to global averages. Investments in manufacturing and overall value addition for ACCs are still negligible in India. Hence almost entire domestic demand of ACCs is still being met through imports.

    Through this Scheme, the Government of India intends to optimally incentivize potential investors, both domestic and overseas, to set- up Giga-scale ACC manufacturing facilities with emphasis on maximum value addition and quality output and achieving pre committed capacity level within a pre-defined time-period.

    The budgetary outlay for this scheme is INR 18,100 cr and it envisages setting up of a cumulative ACC manufacturing capacity of fifty (50) GWh for ACCs and an additional cumulative capacity of (5) GWh for Niche ACC Technologies.

    The bidding for this scheme closed on 14 January 2022 and received overwhelming response.

    For further details,, please refer to our report on the PLI ACC scheme here: https://www.investindia.gov.in/team-india-blogs/inside-indias-production-linked-incentive-schemes-advance-chemistry-cell-acc

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  • What are the benefits from the government for purchase of EVs?

    Central as well as State governments have been promoting adoption of EVs by providing fiscal as well as non-fiscal incentives. Some of the incentives being provided on purchase of EVs are:

    • FAME India Scheme Phase II (mentioned above)
    • Goods & Services Tax (GST) on EVs has been reduced from 12% to 5%,
    • Income tax deduction can be claimed on the interest paid on loans taken for purchase of EVs
    • Various demand side incentives being offered by 15+ state governments such as exemption from registration fees, special parking zones, upfront incentives on purchase and much more. For details of state subsidies, please refer to our report on state wise comparison of incentives here

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  • It is said that Electric Vehicles (EV) are also called as Emission Elsewhere Vehicle (EEV). Is it true that EVs are just transferring emission from city area to the place where power is being generated?

    The fact is that a typical conventional hatchback has 130-140 gm/km of CO2 emission comparing to an electric vehicle for 100 gm/km when charged by grid and when solar charged, there is ~0 gm/km CO2 emission from an electric vehicle.
    Please visit the link for more information.

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  • What is the Faster Adoption and Manufacturing of hybrid and Electric vehicles (FAME) scheme?

    The FAME scheme was introduced in April 2012 to be implemented over a period of 6 years till 2020 to support hybrid/electric vehicles market development and its manufacturing. Under this scheme, demand incentives will be availed by buyers (end users/consumers) upfront at the point of purchase and the same shall be reimbursed by the manufacturers from Department of Heavy Industries, on a monthly basis.

    The Union government recently announced its decision to extend the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme by two years to March 31, 2024

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  • How do citizen avail the demand incentive on the purchase of a xEV?

    The demand incentive benefit will be passed on to the consumer upfront at the time of purchase of the xEV itself by way of paying reduced price.

    For more information, please visit the following link.

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  • Which electric vehicles categories are not covered under this FAME scheme?

    The following categories are not covered under the FAME scheme: a) E-Rikshaw b) Electric Bicycles. c) Vehicles used for carrying person/goods used within closed premises like factory, airport etc. d) Electric Chair-cars. All those vehicles, which are not directly reducing fossil fuel, are not covered under FAME India Scheme. For more information, please visit the following link.

     

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  • Is the FAME incentive applicable along with any other incentives that may be available in my home state for electric vehicles?

    The FAME incentive will be available over and above any State level EV incentives being offered by any State/Local bodies. However for JNNRUM (AMRIT) funded buses, there is a specific incentive amount declared in the Scheme Guidelines. Please visit the link for more information.

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  • Whether Passenger Service Fees (PSF) is levied to passengers fund development of new airports?

    Passenger Service Fees (PSF) is levied to meet the expenditure on airport security and passenger facilities at the airports and it is not utilised to fund new development / upgradation of airports.

    For further information, please click here
     

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  • What is the Development Fee (DF) and why development fee is charged by airport operators?

    Development Fee is a levy made under section 22A of the AAI Act, 1994, inter-alia, for funding or financing the cost of upgradation, modernization or development of the airport. The levy is in the nature of a "pre-funding" charge and is consistent with ICAO policies.

    For further information, please click here

     

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  • Which are the concerned industry associations for aviation sector?

    Federation of Indian Airlines is the concerned industry association for aviation sector

    For more information, click here.

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  • What are the clauses under performance guarantee?

    Some of the main clauses are as follows:
    a) Airline operator must enter into a three year contract with the implementing agency.
    b) Submit a performance guarantee fees of 5% of the total VGF amount.
    c) Additional guarantee required for non-operational airports.

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  • What are the proposal submission requirements of an airline / helicopter operator under the RCS?

    As part of the the proposal submission, an applicant shall be required to submit information under the following categories, as may be specified in detail from time to time:
    a) Information about the Applicant
    b) Technical Proposal
    c) Financial Proposal

    More details about the proposal submission can be found here: https://www.civilaviation.gov.in/sites/default/files/RCS-V4.pdf

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  • What is Regional Connectivity Scheme (RCS)?

    Regional Connectivity Scheme aims to make flying affordable for the masses, to promote tourism, increase employment and promote balanced regional growth. It also intends to put life into un-served and under-served airports.

    For more information, click here.

     

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  • What are the major objective under National Policy on Civil Aviation 2016?

    Major objectives under National Policy on Indian Civil Aviation industry:
    i) Establish an integrated eco-system which will lead to significant growth of civil aviation sector, which in turn would promote tourism, increase employment and lead to a balanced regional growth.
    ii) Ensure safety, security and sustainability of aviation sector through the use of technology and effective monitoring.
    iii) Enhance regional connectivity through fiscal support and infrastructure development.
    iv) Enhance ease of doing business through deregulation, simplified procedures and e-governance.
    v) Promote the entire aviation sector chain in a harmonised manner covering cargo, MRO, general aviation, aerospace manufacturing and skill development

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  • What is the procedure to carry out cargo services related transactions electronically with AAI?

    Any exporter/importer/Customs House Agents/Airlines etc. who wish to transact electronically with AAI, would be mandatory required to get register with AAI at http://aaiclas-ecom.org Registration is mandatory for Message Exchange activities also.

    Registration Process:
    User has to fill up the physical registration form along with relevant documents and submit to Airports Authority of India (AAI). AAI would ascertain the correctness of the details submitted. Users are requested to fill valid E-Mail address and Phone Number(s) in Registration form to enable AAI to perform further communications regarding User ID and Password allocation. Users are requested to immediately change the password(s) assigned by AAI.
    Non Registered Users are not restricted from functionalities pertaining to Consignment Status, Charges Calculation Estimate Sheet and Cargo Procedures. Same features are available for registered users. In addition, Registered Users enjoy the privilege of accessing functionalities related to Printing of Charge related Documents, Payment transactions and Pre- Deposit account related statements.

    For more details please refer the link.

     

     

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  • What is the procedure for seeking waiver of demurrage charges in import/ export?

    All applications along with relevant documents for waiver of demurrage charges shall be submitted within 15 calendar days from the date the 'Passed out of charge' is issued by customs authorities. However, delay beyond 15 days for submission and upto 30 days would be considered by APD/GM(Cargo) & M(Ops) respectively with the reason for condonation of delay and local finance concurrence.
    AAI has provisions for waiving demurrage charges accrued on export/import cargo, in deserving cases, as per laid down policy approved by the AAI Board. Salient features of the policy are as under:-
    1. Acknowledge request of waiver submitted by hand, on the spot.
    2. Process waiver applications within 15 days if within local powers, and 30 days in respect of cases referred to AAI Hqrs. where-ever all the relevant documents required are furnished along with applications.
    3. Application for Waiver/Remission of demurrage charges to be made by the consignee/shipper within 15 days after the consignment is passed “Out of Charge” or “Let Export Order” by the Customs, to the Airport Director/ G.M.(Cargo)/Dy. General Manager(Cargo), AAI, at the respective airports. It should be accompanied with legible photocopies of relevant documents such as AWB, Bill of Entry (with Customs Examination Report, Pass “out of charge” etc.), Shipping Bill, Detention Certificate of statutory authority , if any.
    4. The consignee/shipper can also make an Appeal to the AAI Appellate Authority for reconsideration of the order passed.
    Copy of waiver policy is available with In-charge of Cargo Dept., AAI and on the website of AAI.
     
    For further information please click here

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  • What is the policy of Govt. of India on airport infrastructures?

    As per the Govt. of India's Policy on Airport Infrastructures issued in December, 1999, no Greenfield airport will normally be allowed within a distance of 150 kms from the nearest existing airport. Where the Govt. decides to set up a new airport at such place through AAI on social economic consideration, even through the same is not economically viable, suitable grant-in-aid will be provided to AAI to cover both the initial capital cost as well as recurring losses.

    For further information, please click here

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  • What are some of the Government banking schemes?

    Some of the important Government initiatives undertaken in the banking sector in India are:
    •    Pradhan Mantri Jan Dhan Yojana (PMJDY)
    •    Pradhan Mantri Suraksha Bima Yojana (PMSBY)
    •    Pradhan Mantri Mudra Yojana
    •    Atal Pension Yojana (APY)
    •    Stand-Up India Scheme
    •    Pradhan Mantri  Vaya Vandana Yojana
    •    Public Provident Fund
    •    Senior Citizens Sacings Scheme
    •    Sukanya Samriddhi Account
     

    For more information, click here.

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  • How can one commence a banking business in India?

    Any entity desiring to carry on banking business in India are required to obtain a licence from the Reserve Bank of India. 'Banking business', as per Section 6 of the Banking Regulation Act, refers to acceptance of public deposits for the purpose of lending or investment, which would be repayable and capable of withdrawal, and includes guarantee and indemnity business, discounting, dealing in negotiable instruments, underwriting, participating or managing of any issue, and other incidental activities.

    For more information, please visit the RBI website here.

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  • Can banking activities be undertaken at GIFT-IFSC?

    Yes, a banking entity (both Indian and Foreign banks) can operate as IFSC Banking Unit (IBU) after getting a license from IFSCA. 


    For more information, please read the IFSCA (Banking) Regulations 2020 available here. 
     

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  • Where can one find information related to the Banking sector in India?

    Information related to the banking sector of India (rules, regulations, guidelines, statistics etc) are available on the RBI website here and on the Department of Financial Services, Government of India website here.

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  • What are the different kinds of banks included under the banking sector in India?

    Banks in India can be broadly categorised in 2 categories: commercial banks and cooperative banks.

    Commercial banks include: government-owned banks or public-sector banks (PSBs), private banks, branches or subsidiaries of foreign banks, small finance banks (scheduled commercial banks), and regional rural banks, which provide credit facilities for agricultural purposes to rural areas. 

    Cooperative banks are divided into 2 categories: urban cooperative banks; and state cooperative banks that provide financing services to small borrowers.
     
    The RBI has recently introduced payments banks to provide basic banking and remittance related facilities and accept small deposits.

    Since there are different categories of banks set up for different purposes, there are various statutes and regulations made under these statutes that govern and regulate banks set up for specific purposes. For more information, please visit the RBI website here .
     

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  • What are Priority Sector Lending Certificates (PSLCs)?

    Priority Sector Lending Certificates (PSLCs) are a mechanism to enable banks to achieve the priority sector lending target and sub-targets by purchase of these instruments in the event of shortfall. This also incentivizes surplus banks as it allows them to sell their excess achievement over targets thereby enhancing lending to the categories under priority sector. Under the PSLC mechanism, the seller sells fulfilment of priority sector obligation and the buyer buys the obligation with no transfer of risk or loan assets.

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  • Where can one find list of Registered NBFCs and instructions issued to NBFCs?

    The list of registered NBFCs is available on the web site of Reserve Bank of India and can be viewed at www.rbi.org.in → Sitemap → NBFC List. The instructions issued to NBFCs from time to time are also hosted at www.rbi.org.in → Notifications → Master Circulars → Non-banking, besides, being issued through Official Gazette notifications and press releases.

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  • What is FinTech?

    A linguistic blend of two individual terms ‘Finance’ & ‘Technology’, FinTech is being used to denote the wide array of technological innovations that have a bearing on financial services.

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  • How many PPI issuers have been approved by RBI? Where can I find the list of authorised bank and non-bank PPI issuers?

    The list of PPI issuers is available on the RBI website. List of Bank-PPI issuers is available here, and Non-bank PPI issuers is available here. For more information, please click here.

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  • Can the NEFT system be used for remitting funds even by those who do not have a bank account?

    Yes, the person having no bank account can remit funds through NEFT to a beneficiary having a bank account, with another NEFT member bank. It can be done by depositing cash at the nearest NEFT enabled branch of any bank, by furnishing additional details such as complete address, telephone number, etc. Such cash remittances will, however, be restricted to a maximum of ₹ 50,000/- per transaction.

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  • What are the various types of PPIs?

    PPIs that require RBI approval / authorisation prior to issuance are classified under two types:

     

    a)      Small PPIs (or minimum-detail PPIs): These PPIs are issued by banks and non-banks after obtaining minimum details of the PPI holder. These PPIs can be used for purchase of goods and services at a group of clearly identified merchant locations / establishments which have a specific contract with the issuer (or contract through a payment aggregator / payment gateway) to accept the PPIs as payment instruments. Funds transfer or cash withdrawal from such PPIs is not permitted.

     

    a)      Full-KYC PPIs: The PPIs are issued by banks and non-banks after completing Know Your Customer (KYC) of PPI holder. These PPIs can be used for purchase of goods and services, funds transfer or cash withdrawal.

    For more information, please click here.

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  • Can NEFT be used to transfer funds from / to NRE and NRO accounts?

    Yes, NEFT can be used to transfer funds from / to NRE and NRO accounts in the country. This, however, is subject to the adherence of the provisions of the Foreign Exchange Management Act, 2000 (FEMA) and Wire Transfer Guidelines.

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  • What are Closed System PPIs?

    These PPIs are issued by an entity for facilitating the purchase of goods and services from that entity only. Cash withdrawals are not permitted. These instruments cannot be used for payment or settlement for third party services. The issuance or operation of such instruments is not classified as a payment system requiring approval / authorisation by RBI and are, therefore, not regulated or supervised by RBI. For more information, please click here.

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  • What are the different Centralised Payment Systems (CPS) operated by the RBI?

    The RBI owns and operates following CPS:

    a)      Real Time Gross Settlement (RTGS) System – It is the country’s Large Value Payment System and was introduced in March 2004. It was subsequently enhanced to Next Generation-RTGS (NG-RTGS) built on the ISO 20022 standard with advanced features such as hybrid functionality, liquidity management functions, future date functionality, scalability, etc. The transactions settle real-time on a gross basis in the books of RBI and have a floor value of Rs. 2 lakh. RTGS also settles Multilateral Net Settlement Batch (MNSB) files emanating from ancillary payment systems such as CCIL and NPCI. It is available round the clock on all days of the year with effect from December 14, 2020.

    b)      National Electronic Fund Transfer (NEFT) system – It is a retail payment system and was introduced in November 2005. NEFT has a straight through process which operates in 48 half-hourly batches 24x7x365 with effect from December 16, 2019. There is no floor or ceiling for the amount that can be transferred in a single transaction, because of which NEFT has emerged as a popular hybrid payment system.

    For more information, please click here.

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  • What are the types of Small PPIs?

    Small PPIs can be of two types:

    a)      PPIs upto ₹ 10,000/- (with cash loading facility). These PPIs shall be converted into full-KYC PPIs within 24 months.

    b)      PPIs upto ₹ 10,000/- (with no cash loading facility).

    For more information, please click here.

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  • Which are the non-bank entities enjoying access to CPS presently?

    Some of the non-bank entities with access to CPS include standalone primary dealers, clearing corporations of stock exchanges, central counterparty (CCIL), retail payment system organisation (NPCI), select financial institutions (NABARD, EXIM Bank) and DICGC. For more information, please click here, and here.

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  • What are the initiatives being taken for the FinTech space in India?

    To enable regulated and orderly growth of FinTech ecosystem in India, several steps are being taken by different regulators:

     

    a)    Reserve Bank of India (RBI)
    •    Setting up of a regulatory sandbox, which was established based on the recommendations of Working Group on FinTech and Digital Banking, set up by Financial Stability and Development Council - Sub Committee (FSDC-SC). Within the sandbox, the eligible entities can live test their innovative products or services in a controlled environment. RBI Sandbox is based on thematic cohorts; the first cohort was on Retail Payments, the second cohort was on Cross Border Payments, and the third cohort, which was recently opened by RBI, on MSME Lending. To know more about this, please visit the RBI website here.
    •    Innovation Hub is an entity set up to promote innovation across the financial sector by creating an eco-system that facilitates access to financial services and products. The Innovation Hub is expected to collaborate with financial sector institutions, technology industry and academic institutions and co-ordinate efforts for exchange of ideas and development of prototypes related to financial innovations, as well as develop infrastructure to promote FinTech research and facilitate engagement with innovators and start-ups. To know more, please click here.
    •    HARBINGER 2021-Innovation for Transformation is a global hackathon with the theme ‘Smarter Digital Payments’. The Hackathon invites participants to identify and develop solutions that have the potential to make digital payments accessible to the under-served, enhance the ease of payments and user experience, while strengthening the security of digital payments and promoting customer protection. To know more, please click here.

     

    b)    Securities Exchange Board of India (SEBI)
    •    Regulatory Sandbox has been launched by SEBI with the aim to grant certain facilities and flexibilities to the entities  regulated  by  SEBI  so  that  they  can  experiment  with FinTech solutions  in  alive environment and on limited set of real users for a limited time frame. To know more, please click here.
    •    Innovation Sandbox will Innovation Sandbox facilitates access to an environment provided  by Enabling  Organizations like Stock Exchanges, Depositories and Qualified Registrar and Share Transfer Agents, wherein innovators would  be  testing  their innovations  in isolation  from the live  market  and  would be used  for offline  testing  of the proposed solution of the applicant. To know more, please click here. You can also visit https://innovation-sandbox.in/ .


    c)    Insurance Regulatory and Development Authority of India (IRDAI)
    •    Regulatory Sandbox has been created by the IRDAI with the objective to use innovative ideas to foster growth and increase the pace of most innovative companies, in a way that provides flexibility in dealing with regulatory requirements and at the same time focussing on policyholder protection. Recently, the IRDAI has extended validity of its sandbox regulations by another 2 years. To know more, please visit https://www.irdai.gov.in/Defaulthome.aspx?Page=H1.
       


    d)    International Financial Services Centres Authority (IFSCA)
    •    Regulatory Sandbox framework has been launched by the IFSCA. Under this framework, entities operating in the capital market, banking, insurance and financial services space will be granted certain facilities and flexibilities to experiment with innovative FinTech solutions in a live environment with a limited set of real customers for a limited time frame. These features will be fortified with necessary safeguards for investor protection and risk mitigation, and the Regulatory Sandbox shall operate within the IFSC located at GIFT City. For more details, please visit https://ifsca.gov.in/Circular .

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  • What are some of the Government Insurance schemes?

    Some of the Government Sponsored Socially Oriented Insurance Schemes are:

    • Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
    • Pradhan Mantri Suraksha Bima Yojana(PMSBY)
    • Life Cover under Pradhan Mantri Jan Dhan Yojana (PMJDY)
    • Varishtha Pension Bima Yojana
    • Pradhan Mantri Fasal Bima Yojana(PMFBY)
    • Pradhan Mantri Vaya Vandana Yojana(PMVVY) ·
    • Restructured Weather Based Crop Insurance Scheme (RWBCIS)

    For more information, click here.

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  • How can one commence an insurance business in India?

    Any entity desiring to carry on insurance business in India should make an application to the Insurance Regulatory & Development Authority of India (IRDAI) for issuance of requisition for registration application form. For more information, please read the IRDAI (Registration of Indian Insurance Companies) Regulations, 2000 available here. Further, for foreign investments, please refer to the Indian Insurance Companies (Foreign Investment) Rules, 2015 available on the IRDAI website https://www.irdai.gov.in/https://www.irdai.gov.in/, and the FDI Policy related to insurance activities available here.

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  • What are the classes of insurance business for which a registration application can be made?

    • Life insurance business
    • General insurance business
    • Health insurance business exclusively
    • Reinsurance business.

    For more information, please read the IRDAI (Registration of Indian Insurance Companies) Regulations, 2000 available here.

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  • How can a foreign reinsurer operate in India?

    Foreign reinsurers, both Lloyd’s and other reinsurers, can operate in India by registering under the IRDAI (Lloyds India) Regulations 2016 or IRDAI (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) Regulations, 2015, respectively. For more information, please access the regulations here and here. Further, for foreign investments, please refer to the Indian Insurance Companies (Foreign Investment) Rules, 2015 available on the IRDAI website here, and the FDI Policy related to insurance activities available here.

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  • What is the quantum of foreign investment allowed in Insurance business in India?

    The FDI policy permits 74% foreign investment in Indian insurance companies. Further, all Indian insurance companies with foreign investment need to ensure compliance with the Indian Insurance Companies (Foreign Investment) Rules, 2015 (available on the IRDAI website here) and other applicable rules and regulations of the IRDAI. This includes the new resident directors/KMPs, additional independent directors and solvency requirements as mentioned in the Foreign Exchange Management (Non-Debt Instruments) Rules 2019, available on the RBI website here.

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  • Whether insurance policies issued to Non-Resident Indians, where the premium is paid through the Non Resident External Bank account, will be ‘export of services’?

    No. The amounts paid from the Non-Resident External Accounts are paid in Indian Rupees and are not received in convertible foreign exchange. Therefore, the conditions for export of services as provided under section 2(6) of IGST Act, 2017 are not satisfied. Life Insurance services in such cases would be treated as inter-State supplies and subject to GST.

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  • Can insurance activities be undertaken at GIFT-IFSC?

    Yes, the following can set up offices at GIFT-IFSC:

    • Indian / Foreign Insurer
    • Indian / Foreign Reinsurer
    • Insurance Broker

    For more information, please read the IFSCA (Registration of Insurance Business) Regulations 2021 available here. Further, for more guidance on this please click here.

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  • How can one operate as an Insurance Web Aggregator?

    To operate as an Insurance Web Aggregator, one must conform to the eligibility requirements and file an application of registration as stated under the IRDAI (Insurance Web Aggregators) Regulations, 2017. The regulations are available here.

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  • Does BIRAC offer any support to start-ups?

    The Bioincubators Nurturing Entrepreneurship for Scaling Technologies (BioNest) allows harnessing of the entrepreneurial potential of start-ups by providing access to infrastructure as well as mentoring and networking platforms that the start-ups could use during their fledgling days. So far BIRAC has supported twenty bioincubation centers across India on similar lines.

    For relevant guidelines, access the link.

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  • What is the Biotechnology Industry Research Assistance Council (BIRAC) Incubators SEED Fund?

    Under Incubator SEED Fund, BIRAC will provide Grant-in-aid Assistance to selected BIRAC funded incubators based on certain establishment and operational criteria. Initially BIRAC shall identify up to five incubators and expand further in due course. Each such selected incubator will be granted up to $ 300,000 for implementation of SEED Fund. Each incubator can design a selection process to screen & select startups for equity and operational funding through SEED Fund (e.g Accelerator program or Direct investment).

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  • What is the Biosafety Research Programme?

    Under Biosafety research programme, main emphasis is given to facilitate the implementation of biosafety procedures, rules and guidelines under Environment (Protection) Act 1986 and Rules 1989 to ensure safety from the use of Genetically Modified Organisms (GMOs) and products thereof in research and application to the users as well as to the environment.

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  • Are there any plans to help R&D in the biotechnology area?

    The Department of Biotechnology and The Biotechnology Industry Research Assistance Council have various schemes to support R&D through centres of excellence, industry partnerships and grants. The schemes are as follows:

    • Centres Of Excellence and Innovation in Biotechnology.
    • Research Resources, Service Facilities and Platforms.
    • Societal Development.
    • Biotech Parks and Incubators
    • Rapid Grant for Young Investigators
    • Glue Grant
    • Special Programmes-North-East region
    • Women Scientist Scheme

    For more information, click here. 

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  • What is the National Biopharma Mission?

    The NBM is an industry-academia collaborative mission for accelerating discovery research to early development for biopharmaceuticals innovate in India (I3). The aim of the mission is to enable and nurture an ecosystem for preparing India's technological and product development capabilities in biopharmaceutical to a level that will be globally competitive over the next decade, and transform the health standards of India's population through affordable product development. The department aims to achieve this through development of centres of excellence, strengthening of bio-clusters, creating shared infrastructure for product development, knowledge sharing etc.

    To submit one's proposal under the NBM, access the following link with relevant details.

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  • What are the benefits of Biotechnology?

    This technology helps plants for pest resistance, helps plants to tolerate the stressful conditions like low temperature, drought, salt in soil, etc., helps to generate vaccines for the animals to fight against diseases, it is also used to produce pharmaceuticals etc.

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  • What is the mandate of Department of Biotechnology?

    The mandate is as follows:
    1) Promote large scale use of Biotechnology.
    2) Support R&D and manufacturing in Biology.
    3) Responsibility for Autonomous Institutions.
    4) Promote University and Industry Interaction.
    5) Identify and Set up Centres of Excellence for R&D.
    6) Integrated Programme for Human Resource Development.
    7) Serve as Nodal Point for specific International Collaborations.
    8) Establishment of Infrastructure Facilities to support R&D and production.
    9) Evolve Bio Safety Guidelines, manufacture and application of cell based vaccines.
    10) Serve as nodal point for the collection and dissemination of information relating to biotechnology.

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  • Does BIRAC offer any capacity building support for researchers, innovators, entrepreneurs?

    Yes, BIRAC conducts roadshows and Intellectual Property workshops to sensitize the target audiences about the BIRAC support for the entrepreneurs and relevance of intellectual property. It also provides a platform for the aspiring entrepreneurs to gain knowledge about effective grant writing skills from the experts in the domain.

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  • Are BIOTECH projects approved by the Govt. of India ?

    The portable plants, RCC digesters and waste to electricity plants which are designed and developed by BIOTECH have been approved by Ministry of New and Renewable Energy (MNRE), Government of India. So these types of plants installed in India are eligible for the subsidy from MNRE.

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  • Does the Department offer any support to researchers in this sector? If yes, then at which stage of the research are they supported in?

    Yes, the Department does offer support to researchers across all the stages of R&D - Ideation/ very early stage (SITARE, E-yuva), ideation to early stage (Biotechnology Ignition Grant Scheme (BIG)), ideation to late stage (Small Business Innovation Research Initiative (SBIRI)), (Biotechnology Industry Partnership Programme (BIPP)), translation (Promoting Academic Research Conversion to Enterprise (PACE)) and for social innovation (Social Innovation programme for Products: Affordable & Relevant to Societal Health) etc. This support is usually through awards, grants for research, provision of enabling platform for different stakeholders to collaborate and innovate. Usually, a researcher submits his/her proposal to Biotechnology Industry Assistance Council (BIRAC) based on which the support is provided.

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  • What is the capital goods policy 2016?

    National Capital Goods Policy is envisaged to provide ecosystem for capital goods growth and ensuring sustained incentive for domestic manufacturers to service domestic as well as export market demand. 

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  • What is Indian Electrical Equipment Industry Mission Plan 2012-2022?

    The plan aims at assured availability of quality power at competitive rate which is a sine qua non for industrial and economic development.
    For an efficient and developed power sector in a country of India’s size, a strong domestic electrical equipment manufacturing base is essential.

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  • Is there a focus on start-ups in capital goods sector?

    One of the key recommendations of the National Capital Goods Policy is To create a 'Start-up Center for Capital Goods Sector' shared by Department of Heavy Industries and Capital Goods industry/industry association in 80:20 ratio to provide an array of technical, business and financial support resources and services to promising start-ups in both the manufacturing and services space.

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  • What is Capital Goods in GST?

    As per section 2(19) of CGST Act, Capital Goods means goods, the value of which is capitalized in the books of account of the person claiming the input tax credit and which are used or intended to be used in the course or furtherance of business. 

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  • What is the meaning of ’Unavailed Cenvat Credit of Capital goods’ for the purpose of GST Act and Rules?

    The expression 'unavailed CENVAT credit' means the amount that remains after subtracting the amount of CENVAT credit already availed in respect of capital goods by the taxable person under the existing law from the aggregate amount of CENVAT credit to which the said person was entitled in respect of the said capital goods under the existing law. For example, as per the existing provision of Cenvat Credit Rule, Cenvat credit on capital goods can be availed @ 50% on the year of purchase and 50% can be availed at any other subsequent year from the year of purchase. There is possibility that the unavailed cenvat credit be there on the appointment day.

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  • What is DHI Capital Goods Scheme?

    The DHI Capital Goods Scheme is a pilot scheme designed to support the industry to modernize technologies from current status to global level and beyond. For this two windows are provided. For those technologies, which are commercially not available for transfer, indigenous development at IITs and like institutions by a consortium of technology seekers grants support given upto 80% of the cost of development subject to maximum of $ 15.38 million per case within a budget of $ 38.46 million. Those technologies, which are commercially available and can be acquired by a company or a group of companies the scheme provides grant support upto 25% of the technology acquisition costs or $ 1.53 million whichever is less, within an overall budget of $ 7.69 million.
    The scheme also supports establishment of Common Engineering Facilities by a group of user industries. Upto 80% of the project cost could be given as grants. The Scheme also supports setting up one each of Test Centre for Earthmoving & Construction Equipments and Industrial Park. ( 100% upto $ 15.38 million  and upto 80% subject to maximum of $ 19.23 million).

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  • Who can apply for DHI Capital Goods Scheme?

    Generally, a group of industry beneficiaries can make a proposal. Technology developers or infrastructure SPVs could also make a proposal which includes Central/State PSUs.

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  • Where are the forms for 'project import scheme' available?

    The general information and related forms relating to application for seeking concessional rate of customs duty under ’Project Import’ Scheme can be found at the following link. 

     

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  • What is the capital goods skill council?

    Department of Heavy Industry has been instrumental in setting up Capital Goods Skill Council. Through this organization National Skill Standards are being notified with the purpose of defining skill needs of the industry. This way training institutions will be able to impart skills which are valued by employers in Industry. The Council has been targeted to benefit 10 million people in this way. 

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  • What is the funding pattern under TAFP?

    Department of Heavy Industry has been instrumental in setting up Capital Goods Skill Council. Through this organization National Skill Standards are being notified with the purpose of defining skill needs of the industry. This way training institutions will be able to impart skills which are valued by employers in Industry. The Council has been targeted to benefit 10 million people in this way. 

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  • What is the FDI limit in chemical sector?

    100% Foreign Direct Investment (FDI) is allowed under the automatic route in the chemicals sector.

    For more information, click here.

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  • What are OCPFs?

    OCPFs comprise of two different categories of organic chemicals and these are Discrete Organic Chemicals (DOCs) and PSF chemicals.  
    For more details, please visit the following link. 

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  • Who are the key stakeholders under Chemicals sector in India?

    Apart from Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers (Govt. of India), some of the important industry associations are as follows: - 

    • Alkali Manufacturers Association of India
    • Association of Synthetic Fibre Industry 
    • Chemicals & Petrochemicals Manufacturers Association  
    • Crop life India Dye Manufacturers Association of India 
    • Indian Chemical Council 
    • Indian Speciality Chemical Manufacturers Association  
    • Organization of Plastic Processors of India
    • The All India Plastic Manufacturers' Association

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  • What is a DOC?

    Discrete organic chemical is defined as any chemical belonging to the class of chemical compounds consisting of all compounds of carbon except for its oxides, sulfides and metal carbonates, identifiable by chemical name, by structural formula, (if known) and by Chemical Abstracts Service (CAS) registry number (if assigned). For instance: Acetic Acid ,Ethanol.

    For more details, please visit the following link.

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  • What are the objectives of the scheme for setting up of plastic parks in India?

    The major objectives of the scheme are:
    1) Increase the competitiveness, polymer absorption capacity and value addition in the domestic downstream plastic processing industry through adaptation of modern, research and development led measurers.
    2) Increase investments in the sector through additions in capacity and production, creating quality infrastructure and other facilitation to ensure value addition and increase in exports.
    3) Achieve environmentally sustainable growth through innovative methods of waste management, recycling, etc.
    4) Adopt a cluster development approach to achieve the above objectives owing to its benefits arising due to optimization of resources and economies of scale.

    For more details, please visit the following link. 

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  • What is the meaning of SCOMET?

    SCOMET is an acronym for Special Chemicals, Organisms, Materials, Equipment and Technologies. 

    For more details, please visit the following link. 

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  • What are dual-use goods and technologies?

    Dual-use items are goods, software, technology, chemicals etc. which can be used for both civil and military applications. Such items require an authorization for exporting out of the country. India’s list of items which need an export license is known as the SCOMET list. 

    Please visit the following link for more information.

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  • Is export of SCOMET items regulated?

    Yes, export of items in the SCOMET list is regulated as per India’s Foreign Trade Policy. Export is either prohibited or is permitted under an authorization. 
    For more details, please visit the link. 

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  • Where can we find the list of SCOMET items?

    Appendix 3 of Schedule 2 of ITC (HS) Classification contains the control list of India which is also referred to as the SCOMET list. You can go to the DGFT website to see the complete list. In the list as appearing in Appendix 3 of Schedule 2 of ITC (HS) Classification, SCOMET items are listed under eight (9) categories as follows:
    a) Category 0: Nuclear material, nuclear-related other materials, equipment and technology.
    b) Category 1: Toxic chemical agents and other chemicals.
    c) Category 2: Micro-organisms, toxins.
    d) Category 3: Material, Materials Processing Equipment, and related technologies.
    e) Category 4: Nuclear-related other equipment, assemblies and components; test and production equipment; and related technology, not controlled under Category 0.
    f) Category 5: Aerospace systems, equipment including production and test equipment, related technology and specially designed components and accessories thereof.
    g) Category 6: Munitions List.
    h) Category 7: Electronics, computers, and information technology including information security.
    i) Category 8: Special Materials and Related Equipment, Material Processing, Electronics, Computers, Telecommunications, Information Security, Sensors and Lasers, Navigation and Avionics, Marine, Aerospace and Propulsion.
    Each category contains exhaustive listing of items covered under that category. Special conditions applicable to items under different categories are mentioned under each category. 
    For more details, please visit the following link.

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  • Who gives license for Category 0 items in the SCOMET list?

    Licensing authority for items in Category 0 in Appendix 3 to Schedule 2 of ITC (HS) is Department of Atomic Energy. Applicable guidelines are notified by the Department of Atomic Energy under Atomic Energy Act, 1962. For certain items in Category 0, formal assurances from the recipient State will include non-use in any nuclear explosive device. Authorizations for export of certain items in Category 0 will not be granted unless transfer is additionally under adequate physical protection and is covered by appropriate International Atomic Energy Agency (IAEA) safeguards, or any other mutually agreed controls on transferred items. Export of items specified under the Note 2 of the ‘Commodity Identification Note’ of the SCOMET list would also be permitted against an authorization granted by the Department of Atomic Energy. 
    For more details, please visit the following link. 

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  • What are investment opportunities under Swachh Bharat Mission?

    Some of the investment opportunities are:

    1. Solid & Liquid Waste Management
    2. Wastewater Management
    3. Construction of Toilets 
    4. In February 2021, the government allocated Rs. 141,678 crore (US$ 19.22 billion) to tackle water, land & air pollution besides waste management over the next five years.
    5. In October 2020, the National Bank for Agriculture & Rural Development (NABARD) disbursed Rs. 12,298 crore (US$ 1.66 billion) under the Swachh Bharat Mission Gramin (SBM-G) for construction of 32.9 million household toilets.


     

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  • What is 'Smart Cities' program of the Indian government?

    Government of India has launched a new urban development mission. Target is to develop 500 cities, which include cities with a population of more than 100,000 and some cities of religious and tourist importance. These cities will be supported and encouraged to harness private capital and expertise through Public Private Partnerships (PPPs), to holster their infrastructure and services in the next 10 years. The strategic components of Area-based development in the Smart Cities Mission are:
    1) City improvement (retrofitting).
    2) City renewal (redevelopment).
    3) City extension (greenfield development).
    4) Pan-city initiative in which Smart Solutions are applied covering larger parts of the city.
    Please refer to these links for further details, link.

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  • How can we get our propriety building technology for affordable housing, certified and approved by government?

    Building Materials and Technology Promotion Council does evaluation, validation and certification of innovative building materials and construction technologies under performance appraisal certification scheme. For details please refer to link.

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  • What kind of real estate business activities are prohibited for foreign investment?

    FDI is not permitted in an entity which is engaged or proposes to engage in real estate business, construction of farm-houses and trading in transferable development rights (TDRs). “Real estate business” means dealing in land and immovable property with a view to earning profit there from and does not include development of townships, construction of residential/ commercial premises, roads or bridges, educational institutions, recreational facilities, city, regional level infrastructure and Real Estate Investment Trusts (REITs) registered and regulated under the SEBI (REITs) Regulations 2014. Further, earning of rent/ income on lease of the property, not amounting to transfer, will not amount to real estate business.

    For further details, please refer to latest FDI Policy 2020 at the following link.

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  • What are the types of construction-development projects in which foreign investors/companies can invest in India?

    Government has permitted 100% equity under automatic route for construction-development projects (which would include development of townships, construction of residential/commercial premises, roads or bridges, hotels, resorts, hospitals, educational institutions, recreational facilities, city and regional level infrastructure, townships).

    We would also request you to refer to some conditions under which the investment in this sector is governed, as mentioned under section 5.2.10 of latest FDI Policy 2020.

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  • What does India Infrastructure Finance Company Limited do?

    India Infrastructure Finance Company Limited (IIFCL) was incorporated under the Companies Act as a wholly owned Government of India company in January 2006 and commenced operations from April 2006 to provide long term finance to viable infrastructure projects through the Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called India Infrastructure Finance Company Ltd (IIFCL), broadly referred to as SIFTI. 

    The sectors eligible for financial assistance from IIFCL are the Harmonized list of infrastructure sub-sectors as approved by the Cabinet Committee on Infrastructure on 1st March 2012. These include transportation, energy, water, sanitation, communication, social and commercial infrastructure. IIFCL accords overriding priority to Public-Private Partnership (PPP) Projects.

    For more information, click here.

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  • What is PM Awas Yojana-Urban (PMAY-U)?

    Pradhan Mantri Awas Yojana – Urban (PMAY-U), a flagship Mission of Government of India being implemented by Ministry of Housing and Urban Affairs (MoHUA), was launched on 25th June 2015. The Mission addresses urban housing shortage among the EWS/LIG and MIG categories including the slum dwellers by ensuring a pucca house to all eligible urban households. The Mission provides Central Assistance to the implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families/ beneficiaries against the validated demand for houses for about 1.12 cr. As per PMAY(U) guidelines, the size of a house for Economically Weaker Section (EWS) could be upto 30 sq. mt. carpet area, however States/UTs have the flexibility to enhance the size of houses in consultation and approval of the Ministry.

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  • Is there funding provided by the government for certain categories?

    Yes, projects under 'Make-I' sub-category involves Government funding of 90%, released in a phased manner and based on the progress of the scheme, as per terms agreed between MoD and the vendor.

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  • Are the any incentives for MSMEs under DPP?

    DPP 2016 provides great impetus to the MSMEs with certain categories of 'Make' products earmarked exclusively for MSMEs.

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  • How are the capital acquisition schemes classified under DPP?

    Capital Acquisition schemes are broadly classified as 'Buy', 'Buy and Make' and 'Make'. In decreasing order of priority the procurement of defence equipment, under this procedure are categorised as follows:
    1) Buy (Indian - IDDM).
    2) Buy (Indian).
    3) Buy and Make (Indian).
    4) Buy and Make.
    5) Buy (Global).

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  • What is the Defence Procurement Procedure (DPP) 2016?

    The DPP is formulated to ensure timely procurement of military equipment, systems and platforms as required by the Armed Forces in terms of performance capabilities and quality standards, through optimum utilisation of allocated budgetary resources. It is worthwhile to mention that the document is not merely a procurement procedure but also an opportunity to improve efficiency of the procurement process to realize the vision of 'Make in India' in the defence sector.

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  • How many JVs/ FDI proposals have been approved in the defence sector so far?

    Since May, 2001 after opening the defence production sector for 100% participation in private sector, so far 36 JVs/FDI proposals have been approved for manufacture of wide range of licensable defence items.

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  • What is the FDI inflow in the defence sector since the opening for Private Participation?

    As per the FDI statistics available at DIPP’s website, an FDI inflow of $ 15.78 mn (INR 105.05 crores) has been received in the country till December 2022 (as per data available on DIPP’s website).

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  • Which is the Administrative Ministry for the grant of extension for Defence Industrial Licence? Where should the company apply for extension of Defence Industrial License?

    Ministry of Defence, Department of Defence Production is the Administrative Ministry for grant of extension of Industrial licence under the I(D&R) Act, 1951 to the private sector. The Company may send their IL extension application to Contract Purchase Officer, Department of Defence Production, Ministry of Defence, D(DIP) Section, Sena Bhawan, New Delhi.

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  • What is the permissible FDI limit in the defence sector?

    According to the revised guidelines, Foreign Investment Cap upto 49% is allowed through automatic route and beyond 49% under Government route, wherever it is likely to result in access to modern technology or for other reasons to be recorded. The foreign investment in defence sector is further subject to industrial license under the Industries (Development & Regulation Act), 1951.

    For more information, click here.

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  • What is the FDI policy in Education Sector?

    100% FDI is allowed through automatic route in Education Sector. Under the Automatic Route, the foreign investor or Indian company does not require prior approval from Reserve Bank of India or Government of India.

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  • What does National Education Policy 2020 says about investment in the sector?

    The Centre and the States will work together to increase the public investment in Education sector to reach 6% of GDP at the earliest with provide easy approval for private investment. 

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  • How has National Education Policy 2020 supported foreign investment?

    Education Policy has envisioned setting up of Foreign University campuses in India and also collaboration with Indian Universities to provide Dual degree, Joint degrees and twinning programmes.

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  • What are the new regulations for offshore centres in GIFT CITY?

    For the first time, foreign universities or educational institutions are allowed to establish offshore centres in GIFT City and offer courses such as financial management, FinTech and courses in Science, Technology, Engineering and Mathematics.

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  • What are the guidelines of UGC for foreign collaboration with home universities in India?

    University Grant commission has framed guidelines for foreign collaboration with home universities to offer joint and dual degrees in India. 

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  • Differentiate between dual and joint degree?

    Although the terms ‘joint degree’ and ‘dual degree’ are sometimes used interchangeably, it is important to note that there is a difference between the two concepts. A ‘dual’ or ‘double’ degree requires students to complete two separate programmes at two universities, whereas a joint degree programme is for a single degree with one curriculum designed and offered collaboratively by two universities.

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  • What is the duration of the SPECS scheme?

    SPECS shall be open for receiving applications for a period of 3 (three) years from the date of notification. Since the scheme was notified on 01.04.2020, applications under the scheme, complete in all respects, shall be received upto 31.03.2023. No application received after three years from the date of notification of the Scheme shall be considered for approval.

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  • Will capital expenditure made before the date of application also be considered for determining eligible capital expenditure under SPECS?

    Capital expenditure made on or after the date of acknowledgement of an application and within 5 years of date of acknowledgement of such application shall only be considered for determining eligible capital expenditure under the Scheme. Capital expenditure made before the date of acknowledgement of application under the Scheme shall not be considered for calculation of eligible capital expenditure under the Scheme. However, Capital expenditure made before the date of acknowledgement of application, but on or after the date of application, on the approved list of capital items, shall be considered for calculation of threshold.

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  • Will the expenditure incurred on Land and Building be considered towards determining eligible capital expenditure under SPECS?

    No, the expenditure incurred on land and building (including factory building / construction) required for the project / unit is not covered and, therefore, will not be considered towards determining eligible capital expenditure under the Scheme.

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  • Can an applicant make more than one application under SPECS?

    There is no restriction on any applicant from making multiple applications under the Scheme. A Project / Unit proposed under the Scheme may include manufacturing facilities at one or more proposed locations.

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  • Is the total size of Ready Built Factory (RBF) sheds limited to 10% as under the EMC 2.0 scheme?

    10% of the total saleable / leasable land area is the minimum requirement. The Project Implementation Agency may decide to earmark additional area for Ready Built Factory sheds depending upon the market / industry requirements.

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  • What is Electronics Development Fund Policy?

    Electronics Development Fund Policy provides a framework to set up an Electronics Development Fund (EDF) as a Fund of Funds which will foster R&D and innovation in technology sectors like electronics, IT and nano-electronics. EDF will support Venture Funds and Angel Funds, which will be professionally managed and are dedicated to these sectors.

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  • What is the MSIPS scheme and is it still active?

    In order to promote large scale manufacturing in the country, M-SIPS was announced by the Government in July, 2012 to offset disability and attract investments in Electronics System Design and Manufacturing (ESDM) Industries. The scheme provided incentives for investments on capital expenditure- 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs. Applications under this scheme were received till December 31st 2018. The incentives however, will be made available for investments spanning a period of 5 years from the date of approval of the project.

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  • What is the National Policy on Electronics 2019?

    The National Policy on Electronics is a policy roadmap that has been created to position India as a global hub of Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components

    including chipsets, and creating an enabling environment for the industry to compete globally. It aims to promote domestic manufacturing in the entire value chain of ESDM, to increase domestic value addition and reduce dependence on import of electronic goods, strengthen global trade linkages, facilitate programs & incentive frameworks to boost ESDM exports, develop capacities in all sub-sectors and promote the R&D ecosystem within India.

    The policy can be accessed from here.

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  • Are there any incentives or schemes for electronics system design and manufacturing sector unit?

    Yes, Department of Electronics and Information Technology has launched the following schemes to promote domestic manufacturing of electronics items:

    1. Under the Modified Special Incentive Package Scheme (M-SIPS), 25% of Capex is eligible for subsidy (20% for units in Special Economic Zones) for all investments made in manufacturing of ESDM products. 
    2. Production subsidy @10% of production turnover (ex-factory) in select high-tech units such as fabrication and ATMP of analog/mixed signal semiconductor chips, power semiconductors, LEDs etc.
    3. Preferential Market Access (PMA)- Preference to domestic manufacturers in Government procurement to promote domestic manufacturing in the country. 
    4. Specified items must meet the specified safety standards under the Compulsory Registration Order (CRO) which has been brought into force from January 3, 2014. The CRO provides a framework to add other electronic items under this regime, thereby providing a quality barrier for unsafe and sub-standard electronic goods.
    5. For common facilities to be used by a set of units as part of a supply chain or in any other form of a cluster, assistance @ 50% subject to a ceiling of $ 8 million is available for common facilities. Such common facilities could include testing facilities, training facilities, social infrastructure, as also up gradation of hard infrastructure including supply of water, power, roads and other logistics. 

    6. Under the skill development scheme, 75-100% of the training fee is reimbursed for any specialized skills that may be required for prospective employees in India (training provided in any training facility recognized by Electronics Sector Skills Council)
    7. A scheme to support 3000 additional PhD (1500 in ESDM and 1500 in IT/ITES) was approved in 2014. Out of 1500 additional PhDs in ESDM, 500 are would be full time and 1000 would be part time. In addition, 100 PhDs (full-time) are to be supported by industry/State Government as a part of this scheme.

    Please refer link for details on incentives.

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  • Is the incremental investment amount mentioned in Annexure 2 of the PLI scheme cumulative? What if an applicant company fails to achieve the threshold investment amount for a given year?

    Threshold for Incremental Investment over Base Year is defined in terms of Cumulative Minimum Investment that must be achieved by the year under consideration. For example, in case of Mobile Phones (with Invoice value of INR 15,000 and above), a cumulative incremental investment of INR 500 Crore should have been made by the end of Year 2. For determining eligibility under the Scheme, Investment made on or after 01.04.2020 shall be considered.

    In case an applicant does not meet threshold criteria for any given year, the applicant shall not be eligible for incentive in that particular year. However, the applicant will not be restricted from claiming incentive in subsequent years during the tenure of the Scheme, provided eligibility criteria are met for such subsequent years.

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • Who is an Applicant under the PLI Scheme for Electronics Manufacturing?

    Applicant for the purpose of the Scheme is a company registered in India, proposing to manufacture goods covered under Target Segments in India, and making an application for seeking approval under the Scheme. The applicant can operate new or existing manufacturing facility(ies) to manufacture goods covered under the Target Segments (i.e. mobile phones and specified electronic components). The aforesaid manufacturing can be carried out at one or more locations in India.

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • What are the Qualification Criteria under PLI Scheme?

    Qualification Criteria for applicants under different Target Segments in the Scheme are as defined:

    • For category Mobile Phones (Invoice Value INR 15,000 and above); Consolidated Global Manufacturing Revenue of the applicant (including its Group Companies), in the target segment, should be more than INR 10,000 Crore in the base year.
    • For category Mobile Phones (Domestic Companies); Consolidated Global Manufacturing Revenue of the applicant (including its Group Companies), in the target segment, should be more than INR 100 Crore in the base year. Applicants under this category can only be Domestic Companies as defined in Para 2.25 of the Scheme Guidelines
    • For Specified Electronic Components: Consolidated Global Manufacturing Revenue of the applicant (including its Group Companies), in the target segment, should be more than INR 50 Crore in the base year

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • How will the consolidated global manufacturing revenue of the applicant (including its Group Companies), in the Target Segment, be calculated if same group company is claimed and considered for two or more applicant companies?

    In case the manufacturing revenue, in the target segment, of an entity (group company) is claimed and considered for two or more applicant companies, the manufacturing revenue of such entity in the target segment will be equally divided among the applicants that are claiming revenue of such entity. Only such share of manufacturing revenue in the target segment, that is obtained after division of manufacturing revenue of that entity (group company), will be considered for determining qualification for such applicant under the scheme.

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • What if the Consolidated Global Manufacturing Revenue of the applicant (including Group Companies) in the Target Segment is available in currency other than INR?

    If the Consolidated Global Manufacturing Revenue of the applicant company (including Group Companies) is available in a currency other than INR, the INR equivalent amount may be computed by applying an average of the exchange rate notified by the Reserve Bank of India as on the first day and last day of the reporting period.

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • What are the criteria for determining Eligibility under the PLI Scheme?

    Eligibility under the Scheme shall be subject to thresholds of Incremental Investment and Incremental Sales of Manufactured Goods (covered under Target Segments) over the base year as defined. An applicant must meet threshold criteria to be eligible for disbursement of incentive for the year under consideration.

    To meet the threshold criteria of Incremental Investment for any year, the cumulative value of investment done till such year (including the year under consideration) over the Base Year (2019-20) shall be considered.

    In order to meet the threshold criteria of Incremental Sales of Manufactured Goods covered under Target Segments for any year, the Total Sales of Manufactured Goods covered under Target Segments for such year over the Base Year, irrespective of Invoice Value (whether below or above INR 15,000 in case of Mobile Phones) shall be considered.

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • What are the steps taken by Department of Electronics and Information Technology (DeitY) to support the growth of the sector?

    The steps taken are as follows:
    a) Infrastructure support: The Department has set up Information Technology Investment Regions (ITIRs). These regions are supported equipped with excellent infrastructure.
    b) R&D promotion: 150% of expenditure incurred on in-house R&D is also available under the Income Tax Act.
    In addition to the existing scheme for funding R&D projects, the department has put in place the 2 key schemes:
    i) Support International Patent Protection in Electronics & IT (SIP-EIT).
    ii) Multiplier Grants Scheme (MGS).
    c) Tax incentives: Over the years, the Government has been taking steps to bring down the total taxation level on electronics hardware.

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  • Is eligibility under the PLI Scheme for a given year achieved if one of the two threshold criteria namely incremental investment and incremental sale of manufactured goods over the base year are met?

    The applicant company will have to meet both threshold criteria i.e. incremental investment and incremental sale of manufactured goods over the base year to be eligible for disbursement of incentive under the scheme for a given year.

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • What if an applicant company is not able to achieve PLI Scheme threshold criteria for a given year?

    Eligibility shall be subject to thresholds of Incremental Investment and Incremental Sales of Manufactured Goods (covered under Target Segments) over the base year. An applicant must meet threshold criteria to be eligible for disbursement of incentive for the year under consideration. In case an applicant does not meet threshold criteria for any given year, the applicant shall not be eligible for incentive in that particular year. However, the applicant will not be restricted from claiming incentive in subsequent years during the tenure of the Scheme, provided eligibility criteria are met for such subsequent years.

    For example, if an applicant company is not able to achieve threshold Incremental Sales of Manufactured Goods between 01.08.2020 and 31.03.2021, they will not be eligible for incentive in Year 1. However, this will not impact eligibility for any subsequent year. They will be able to claim the incentive for subsequent years provided eligibility is met for the years under consideration.

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • What does Incremental Investment over Base Year in the PLI Scheme mean?

    To meet the threshold criterion for Incremental Investment in any year, the cumulative value of investment done till such year (including the year under consideration) over the Base Year i.e. 2019-20 shall be considered. For example, in case of Mobile Phones (with invoice value of INR 15,000 and above), the applicant company must invest INR 250 crore or more by 31.03.2021 to achieve threshold for incremental investment in that year. Similarly, a cumulative investment of INR 500 crore by 31.03.2022, INR 750 crore by 31.03.2023 and INR 1,000 crore by 31.03.2024 will have to be made to remain eligible under the scheme.

    Information Source:

    https://www.meity.gov.in/writereaddata/files/Frequently_Asked_Questions_on_PLI_…

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  • Can there be more than one Anchor Unit in an Electronics Manufacturing Cluster project as per the EMC 2.0 scheme?

    There can be more than one Anchor Units for the purpose of fulfilling the criteria of minimum investment commitment and land purchase / lease as per Clause 2.1 of the Scheme Guidelines.

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  • Can a Common Facility Center be built within a new Electronics Manufacturing Cluster project and claim benefits under the EMC 2.0 Scheme for both?

    Yes. A CFC can be built within a new EMC project. However, the financial assistance eligible for such CFC will be considered as a part of the overall EMC Project and will be in accordance with the Scheme Guidelines.

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  • What is Electronics Development Fund Policy?

    Electronics Development Fund Policy provides a framework to set up an Electronics Development Fund (EDF) as a Fund of Funds which will foster R&D and innovation in technology sectors like electronics, IT and nano-electronics. EDF will support Venture Funds and Angel Funds, which will be professionally managed and are dedicated to these sectors.

    Was this helpful?

  • Are there any incentives or schemes for electronics system design and manufacturing sector unit?

    Yes, Department of Electronics and Information Technology has launched the following schemes to promote domestic manufacturing of electronics items:

    1. Under the Modified Special Incentive Package Scheme (M-SIPS), 25% of Capex is eligible for subsidy (20% for units in Special Economic Zones) for all investments made in manufacturing of ESDM products. 
    2. Production subsidy @10% of production turnover (ex-factory) in select high-tech units such as fabrication and ATMP of analog/mixed signal semiconductor chips, power semiconductors, LEDs etc.
    3. Preferential Market Access (PMA)- Preference to domestic manufacturers in Government procurement to promote domestic manufacturing in the country. 
    4. Specified items must meet the specified safety standards under the Compulsory Registration Order (CRO) which has been brought into force from January 3, 2014. The CRO provides a framework to add other electronic items under this regime, thereby providing a quality barrier for unsafe and sub-standard electronic goods.
    5. For common facilities to be used by a set of units as part of a supply chain or in any other form of a cluster, assistance @ 50% subject to a ceiling of $ 8 million is available for common facilities. Such common facilities could include testing facilities, training facilities, social infrastructure, as also up gradation of hard infrastructure including supply of water, power, roads and other logistics. 

    6. Under the skill development scheme, 75-100% of the training fee is reimbursed for any specialized skills that may be required for prospective employees in India (training provided in any training facility recognized by Electronics Sector Skills Council)
    7. A scheme to support 3000 additional PhD (1500 in ESDM and 1500 in IT/ITES) was approved in 2014. Out of 1500 additional PhDs in ESDM, 500 are would be full time and 1000 would be part time. In addition, 100 PhDs (full-time) are to be supported by industry/State Government as a part of this scheme.

    Please refer link for details on incentives.

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  • How can people apply under the Operations Green Scheme?

    People can register under the scheme by visiting the Ministry’s website. After successful registration, they will be directed to the page where the important documents like scheme guidelines, list of eligible crop, production clusters and trigger price and Online application template. After satisfying themselves about meeting the essential criteria of the Scheme, they can directly undertake the transportation and/or storage activity without prior approval of the Ministry and submit the online claim for release of subsidy to the Ministry.

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  • What are the financial incentives available to eligible beneficiaries under the Animal Husbandry Infrastructure Development Fund (AHIDF)?

    The Government of India will provide a 3% interest subvention to eligible beneficiaries. There will be a 2 years moratorium period for the principal loan amount and 6 years repayment period thereafter. Additionally, projects will be a eligible for a loan up to 90% of the cost of the project. Moreover, a credit guarantee fund of $ 107 million has been set up to provide guarantees for viable projects. 
     

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  • Is submission of Weighbridge Receipt at only the origin place is admissible for the subsidy claim (under Operations Green Scheme)?

    Weighbridge Receipt at both places i.e. origin & destination is mandatory. In case of non-availability of weighbridge, applicant can submit the Weighbridge Receipt generated at the close proximity of the origin and destination place.

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  • Whether tax is payable if goods are purchased in packages of up to 25 kg/25liters by a retailer, but the retailer sells it in loose quantities in his shop for any reason?

    GST applies when goods are sold in pre- packaged and labelled packs. Therefore, GST would apply when prepackaged and labelled package is sold by a distributor/ manufacturer to such retailer. However, if for any reason, retailer supplies the item in loose quantity from such package, such supply by retailer is not a supply of packaged commodity for the purpose of GST levy.

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  • What are the major activities of Central Warehousing Corporation (CWC)?

    CWC provides storage and warehousing facilities for more than 400 commodities to wide range of clients comprising of public and private institutions, cooperative societies, traders, farmers, importers/exporters, etc. besides providing the services for storage and warehousing, CWC also undertakes the following activities:
    i) Providing Pest Control Services at the door step of customers which include general pest control, disinfestation of aircrafts, rail coaches, fumigation of containers/ships, pre and post construction anti termite treatment, etc.
    ii) Providing infrastructure such as CFSs/ICDs/Air Cargo Complexes/Cargo/Terminal of ICP etc. for supporting the EXIM trade.
    iii) Providing handling and transport facilities at the request of the depositors.
    iv) Consultancy of warehouse construction and warehousing related activities.
    v) Training of farmers for safe storage of foodgrains at farm level and assistingthem in securing cheap institutional credit.

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  • Whether exporter, the required supporting documents should be minimised, particularly requirement of Weighbridge receipt and Geotagged photo at destination place should be removed under Operation Greens Scheme?

    Geotag photo and weighbridge receipts are mandatory documents. In case of non-availability of weighbridge, applicant can submit the Weighbridge Receipt generated at the close proximity of the origin and destination place. Similarly, in case of mobile network issue, applicant can submit the Geotag photograph generated at the close proximity of the origin and destination place.

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  • What is minimum quantity of crop to be procured and transported/ stored under Operations Green Scheme?

    Minimum quantity to be procured and transported/stored per applicant (may consist of one or more than notified crops) will be as under:

    • 50 MT for Individual farmers;
    • 100 MT for FPO/FPC, Co-operative, Group of farmers;
    • 500 MT for Food Processor, Exporter, Licensed Commission Agent;
    • 1,000 MT for Retailers, State Marketing/Co-operative Federation;

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  •  What is National Animal Disease Control Programme (NADCP)?        

    National Animal Disease Control Programme (NADCP) is a flagship scheme launched by Hon'ble Prime Minister in September, 2019 for control of Foot & Mouth Disease and Brucellosis by vaccinating 100% cattle, buffalo, sheep, goat and pig population for FMD and 100% bovine female calves of 4-8 months of age for brucellosis with the total outlay of $ 1.9 billion for five years (2019-20 to 2023-24)    
                                                                                                                                                         

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  • A registered person is sending semi-cooked food from his manufacturing unit at Gurugram to his branch in Delhi. Is he required to pay any tax?

    In accordance with the provisions of Section 25(4) of the CGST Act, 2017, branches in different States are considered as distinct persons. Further, as per Schedule I, this constitutes supply made in the course or furtherance of business between distinct persons even if made without consideration. As it is an inter-State supply, the registered person is required to pay IGST.

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  • Is submission of geotag photograph at only the origin place is admissible for the subsidy claim under Operations Green Scheme?

    Geotag photograph at both places i.e. origin & destination is mandatory. In case of mobile network issue, applicant can submit the Geotag photograph generated at the close proximity of the origin and destination place.

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  • What activities can be supported related to animal feed?

    Establishment of Animal Feed manufacturing and strengthening of existing units/ plant of the following categories:


    a) Establishment of Mini, Medium and Large Animal Feed Plant, Total Mixed Ration Block Making Unit, By pass protein unit, Mineral Mixture Plant, Enrich Silage making unit, Animal Feed Testing Laboratory and any other activities related to animal feed manufacturing.
    b)  Establishment of Animal Feed manufacturing and strengthening of existing units/ plant of the following categories:
    c)  Establishment of Mini, Medium and Large Animal Feed Plant, Total Mixed Ration Block Making Unit, By pass protein unit, Mineral Mixture Plant, Enrich Silage making unit, Animal Feed Testing Laboratory and any other activities related to animal feed manufacturing.
     

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  • What activities can be covered under Meat Sector?

    a) Establishment of new meat processing unit and strengthening of existing meat processing facilities for sheep/goat/ poultry/pig/buffalo in rural, semi-urban and urban areas.
    b) Large scale integrated meat processing facilities/ plant/ unit.
    c) Product Diversification: Establishment of new or strengthening of existing value addition facilities for meat products like Sausage, nuggets, ham, salami, bacon or any other meat products. 

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  • What are ‘Rashtriya Kamdhenu Aayog’ & ‘Rashtriya Gokul Mission’?

    The Government of India has constituted the Rashtriya Kamdhenu Aayog for the effective implementation of laws and welfare schemes for cows with a corpus of $ 71.5 million. It was set up with the objective to organize animal husbandry on modern and scientific lines and to take steps for preserving and improving breeds and prohibiting the slaughter of cows and calves and other milch and draught cattle. 


    Rashtriya Gokul Mission (RGM) was launched in December 2014 with an outlay of $ 289 million for development and conservation of indigenous breeds through selective breeding in the breeding tract and genetic upgradation of nondescript bovine population. The scheme comprises two components namely National Programme for Bovine Breeding (NPBB) and National Mission on Bovine Productivity (NMBP).

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  • What is the Animal Husbandry Infrastructure Development Fund (AHIDF)?

    The Animal Husbandry Infrastructure Development Fund was recently announced as a part of Prime Minister’s Atma Nirbhar Bharat Abhiyan stimulus package with an outlay of $ 2.1 billion. It has been approved for incentivizing investments to establish dairy processing, meat processing, animal feed plant and value addition infrastructure.
     

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  • What are the financial incentives available to eligible beneficiaries under the Animal Husbandry Infrastructure Development Fund (AHIDF)?

    The Government of India will provide a 3% interest subvention to eligible beneficiaries. There will be a 2 years moratorium period for the principal loan amount and 6 years repayment period thereafter. Additionally, projects will be a eligible for a loan up to 90% of the cost of the project. Moreover, a credit guarantee fund of $ 107 million has been set up to provide guarantees for viable projects. 
     

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  • What will happen when the repayment period exceeds eight years repayment period?

    The interest subvention will be provided only up to 8 years of repayment period. Beyond no interest subvention will be provided. 

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  •  What is National Animal Disease Control Programme (NADCP)?        

    National Animal Disease Control Programme (NADCP) is a flagship scheme launched by Hon'ble Prime Minister in September, 2019 for control of Foot & Mouth Disease and Brucellosis by vaccinating 100% cattle, buffalo, sheep, goat and pig population for FMD and 100% bovine female calves of 4-8 months of age for brucellosis with the total outlay of $ 1.9 billion for five years (2019-20 to 2023-24)    
                                                                                                                                                         

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  • What is the National Action Plan for Dairy Development Vision 2022? 

    Department has prepared a National Action Plan (NAP) on Dairy Development with following two key goals:

    • To double national milk production from 155 MMT in 2015-16 to 254.55 MMT by 2021-22 and 300 MMT by 2023-24 to meet the increasing milk demand by domestic milk production and also ensuring nutritional security at household level as well as exports of milk and milk products
    • To double the income of milk producers at farm level by 2021-22 by providing the milk producers with greater access to the organised milk processing sector
       

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  • How much grant-in-aid is provided for the establishment of frozen storage/deep freezers by the government?

    Under the Scheme for Integrated Cold Chain, Value Addition and Preservation Infrastructure, a grant-in-aid @ 50% for General Areas and @ 75% for North East States, Himalayan States, Islands & ITDP Areas, will be provided. The scheme is to provide integrated cold chain, preservation and value addition infrastructure facilities without any break. It will enable all groups of producers to processors for a well-equipped supply chain and cold chain.   

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  • What is Information Network for Animal Productivity and Health (INAPH)?    

    INAPH is a desktop/notebook/ android based field IT application that facilitates the capturing of real time reliable data on breeding, nutrition and health services delivered at farmers doorstep. It facilitates farmers and other stakeholders to monitor the progress of the project.

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  • What is Dairy Processing & Infrastructure Development Fund?          

    The Scheme envisages providing loan assistance to State Dairy Federations, District Milk Unions, Milk Producers Companies, Multi State Cooperatives and NDDB subsidiaries across the country who are termed as Eligible End Borrowers (EEBs). It focuses on building an efficient milk procurement system by setting up of processing and chilling infrastructure and other facilities. It has a financial outlay of $ 1.5 billion, out of which, $ 1.14 billion shall be loan from NABARD to NDDB/NCDC, $ 286 million  shall be end borrowers contribution, $ 1.7 million would be NDDB/NCDC’s share and $ 123.5 million shall be contributed by DAHD toward interest subvention  

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  • What types of industries/units are permitted in Mega Food Park?

    Only food processing industries/units that make food products fit for human and animal consumption are permitted to be set up in the Mega Food Parks. Packaging facilities of food products as ancillary to the food processing industries will also be eligible for setting up in the Mega Food Parks. However, setting up of alcoholic beverage unit as an anchor unit will not be allowed.

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  • For Mega food park, does the land needs to be changed from Agricultural to Industrial?

    Yes, it is mandatory to have Change of Land Use (CLU). CLU is not required in case the land is already in a designated industrial area.

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  • What is minimum land requirement for setting-up Mega Food Park?

    The minimum land required for setting-up a Mega Food Park is 50 acres of contiguous land and free from any kind of encumbrance. The selection of land needs to be justified in terms of connectivity and availability of basic infrastructure such as approach road, power, water etc. as also in terms of availability of raw materials/market.

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  • How much Foreign Direct Investment is allowed in food processing sector?

    a) 100% FDI is permitted under the Automatic route in food processing industries

    b) 100% FDI is allowed through Government Approval route for trading, including through e-commerce in respect of food products manufactured or produced in India.

    For more information, click here.

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  • Which are major fruits and vegetables that are covered under Operations Green Scheme?

    Fruits: Mango, Banana, Guava, Kiwi, Lichi, Papaya, Mousambi, Orange, Kinnow, Lime, Lemon, Pineapple, Pomegranate, Jackfruit, Apple, Almond, Aonla, Passion Fruit and Pear;

    Vegetables: French beans, Bitter Gourd, Brinjal, Capsicum, Carrot, Cauliflower, Chillies (Green), Okra, Cucumber, Peas, Garlic, Onion, Potato and Tomato.

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  • What is CGHS?

    For the last six decades Central Government Health Scheme is providing comprehensive medical care to the Central Government employees and pensioners enrolled under the scheme. In fact CGHS caters to the healthcare needs of eligible beneficiaries covering all four pillars of democratic set up in India namely Legislature, Judiciary, Executive and Press. CGHS is the model Health care facility provider for Central Government employees & Pensioners and is unique of its kind due to the large volume of beneficiary base, and open ended generous approach of providing health care.
    CGHS provides health care through following systems of Medicine: 
    1) Allopathic
    2) Homoeopathic
    3) Indian system of medicine
    4) Ayurveda
    5) Unani
    5) Siddha 
    6) Yoga

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  • What do you mean by Family Floater Policy?

    Family Floater is one single policy that takes care of the hospitalization expenses of your entire family. The policy has one single sum insured, which can be utilised by any/all insured persons in any proportion or amount subject to maximum of overall limit of the policy sum insured. Quite often Family floater plans are better than buying separate individual policies. Family Floater plans takes care of all the medical expenses during sudden illness, surgeries and accidents.

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  • What are the different options for availing CGHS services to pensioners?

    Pensioners Residing in CGHS covered areas:
    a) They can get themselves registered in CGHS dispensary after making requisite contribution and can avail both OPD and IPD facilities.
    b) Such Pensioners are not eligible for Fixed Medical Allowance in lieu of CGHS.
    Pensioners residing in non-CGHS areas:
    i) They can opt for availing Fixed Medical Allowance (FMA) at $15.38 per month by not paying any contribution.
    ii) They can also avail benefits of CGHS (OPD and IPD) by registering themselves in the nearest CGHS city after making the required subscription. In such cases no Fixed Medical Allowance is given.
    iii) They also have the option to availing FMA for OPD treatment and CGHS only for IPD treatments after making the required subscriptions as per CGHS guidelines. 
     

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  • How developed is the healthcare industry in India for investments?

    Healthcare is one of the most promising sectors to invest in India. Being the second largest population of world, India has ever rising demand of good healthcare and world-class facilities. Healthcare industry, which comprises hospitals, health insurance, medical devices, clinical trials, outsourcing, telemedicine and medical tourism, is a $150 Bn industry as of 2018 and is expected to reach $280 Bn by 2022

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  • What is Ayushman Bharat?

    Ayushman Bharat is a centre-operated health scheme which can potentially cover over 10 crores poor and underprivilege families (approximately 50 crore beneficiaries)

    a. It provides coverage of up to INR5 lakh per family per year for secondary and tertiary care hospitalization

    b. National Health Protection Mission will incorporate the GOI sponsored schemes - Rashtriya Swasthya Bima Yojana (RSBY) and the Senior Citizen Health Insurance Scheme (SCHIS)

    c. To regulate expenses, treatment payments will be made on the grounds of the package price (to be established in advance by the government)

    d. For policy directions and better co-ordination, Ayushman Bharat National Health Protection Mission Council (AB-NHPMC) will be established at the apex stage, chaired by the Minister of Health and Family Welfare of the Union

    e. The benefits of the scheme are portable throughout the country and a beneficiary covered by the scheme will be allowed to receive cashless benefits from any public / private hospital throughout the country

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  • What are the trending technologies in India’s healthcare industry that I can invest in?

    There are various trending technologies which are being used in healthcare. Some of the key technologies are:

    • Robotic Process Automation (RPA): RPA can assist healthcare organizations in improving operational effectiveness, reduce expenses and restrict human error when handling data (such as Clinical documentation, Physician credentialing, Patient self-pay admin, Medicare billing, etc.)
    • Augmented reality (AR) and virtual reality (VR): AR has reduced our dependence on dissections and has invented new ways to study human anatomy.
    • 3D printing: It has found many uses in curing physical injuries, ranging from precise casts to accurate replacement of bionic parts.  
    • IOT: IoT-enabled systems have revolutionized patient monitoring, Realtime tracking of equipment, effective use of hospital equipment and has increased transparency in health insurance
    • Application of Big data & analytics: Big data relates to the vast amount of information generated by digitizing all that is collected and evaluated through different techniques 

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  • Is there any healthcare related GOI scheme similar to Ayushman Bharat?

    Other GOI initiatives:

    • Pradhan Mantri Swasthya Suraksha Yojana
    • National Tobacco Control Programme
    • Integrated Child Development Service
    • Rashtriya Swasthya Bima Yojana
    • Pulse Polio 

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  • What are the Centrally Sponsored Schemes under Ayurvedic, Yoga and Naturopathy, Unani, Siddha and Homeopathy?

    Please find below the details of Centrally sponsored schemes under AYUSH:  

    National AYUSH Mission (NAM) comprising of:  

    (i) AYUSH Services  

    (ii) AYUSH Educational Institution  

    (iii) Quality Control of AYUSH Drugs

    (iv) Medicinal Plants

    For more information, click here. 

    Moreover, below the details of Central sector scheme under Champion Services Sector Scheme (CSSS) comprising:

    • Central sector scheme for the establishment of AYUSH super specialty hospitals/day care centres for medical tourism under CSSS for medical value travel.
    • Financial assistance in the form of Interest Subsidy for the establishment of AYUSH super specialty hospitals/ day care centres in addition to separate guidelines for skill development under CSSS for medical value travel.

    For more information, click here.

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  • Who are entitled for Central Government Health Scheme facilities?

    The entitled parties include
     1) All Central Govt. employees and their dependant family members residing in CGHS covered areas.
     2) Central Govt. Pensioners and their eligible family members getting pension from Central Civil Estimates
     3) Sitting and Ex-Members of Parliament.
     4) Ex-Governors & Lieutenant Governors.
     5) Freedom Fighters.
     6) Ex-Vice Presidents.
     7) Sitting and Ex-Judges of Supreme Court & High Courts.

    For more information, click here.

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  • Is there a medical visa for patients opting for treatment in India?

    Yes, there is a special MEDICAL VISA for patients who opt for treatment in India. The Visa grants a stay for 60 days, travellers can visit India for their treatment and obtain second electronic visa if they need to. The Visa is available to citizens of all the countries. Check for visa details here:
    https://www.evisasindia.org/types/medical-visa/

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  • How long does it take to apply for the Indian Medical Visa?

    The Indian eMedical visa application online form takes a few minutes to complete and submit. Applications are processed quickly and approved eVisas are usually emailed to the patient within 24 hours. Applicants are advised to apply at least 4 days prior to their trip.

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  • What is medical value travel (MVT)?

    MVT stands for Medical Value Travel (Also known as health tourism or medical tourism) it is defined as travel for the purpose of maintaining, improving or restoring health through medical intervention.

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  • Is MVT safe?

    Any medical surgery or procedure, no matter where it is carried out, entails some risk. To reduce this risk, this portal provides comprehensive information on various options available in India for high quality medical facilities.

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  • What is Digital India Initiative?

    The Digital India Project is a formalized program initiated on 2 July 2015 by the Government of India. The project envisages a total digital transformation of society and a knowledge-based economy.

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  • What are the steps taken by Department of Electronics and Information Technology (DeitY) to support the growth of the sector?

    The steps taken are as follows:
    a) Infrastructure support: The Department has set up Information Technology Investment Regions (ITIRs). These regions are supported equipped with excellent infrastructure.
    b) R&D promotion: 150% of expenditure incurred on in-house R&D is also available under the Income Tax Act.
    In addition to the existing scheme for funding R&D projects, the department has put in place the 2 key schemes:
    i) Support International Patent Protection in Electronics & IT (SIP-EIT).
    ii) Multiplier Grants Scheme (MGS).
    c) Tax incentives: Over the years, the Government has been taking steps to bring down the total taxation level on electronics hardware.

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  • What are the three visions of Digital India?

    The DI initiative has been planned into three vision areas:  

    • Digital infrastructure as a utility to every citizen is the vison which mainly talks about high-speed internet, mobile phone and bank account, access to a common service centre, private space on cloud, secure cyberspace
    • Governance and services on demand focuses on integrated services, availability of services on mobile platform, portable citizen entitlements on cloud, geospatial information systems as decision support systems
    • Digital empowerment of citizens concentrates on digital literacy, digital resources, digital resources and services in Indian languages, collaborative digital platform, no physical submission of documents

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  • What is the overview of the IT BPM sector in India and the performance of this sector in recent times?

    The technology industry revenue is estimated to be $245 Bn in FY 2023. Technology exports at $194 Bn, are expected to grow at 9.4% in reported currency terms. In terms of FDI equity inflow, the computer software and hardware sectors attracted the highest FDI in FY 2021-22. Between April 2000 and Dec 2022, it attracted FDI equity inflow of $93.58 Bn. India is one of the most preferred destinations when it comes to setting up Global Capability Centres (GCCs). Total number of GCCs in India are 1570+. The total installed GCC talent is 1.38 Mn+. Indian SaaS companies saw 2x growth in share of global markets. India has as many as 59 number of SaaS unicorns and potential unicorns.

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  • What is e-education or Swayam?

    The project Study of Active Networks –Education for Young Aspiring Minds (SWAYAM) seeks to provide learners with learning opportunities whenever, anywhere and everywhere, but within a standardized framework. Therefore, SWAYAM is different because it exists in a controlled environment for massive open online courses (MOOCs). Cost-free courses are available from 9th to PhD for all graduates.

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  • Which IT Enabled Services are considered to be part of BPO operations?

    As per Central Board of Direct Taxes (CBDT) notification No. 890E dated 26 September 2000, the list of eligible IT enabled services under BPO operations considered in IBPS are as under:
    i) Back office operations.
    ii) Call centres.
    iii) Content Development or Animation.
    iv) Data Processing.
    vi) Geographic information System Services.
    vii) Human Resource Services.
    viii) Insurance Claim processing.
    ix) Legal Databases.
    x) Medical Transcription.
    xi) Payroll.
    xii) Remote Maintenance.
    xiii) Revenue Accounting.
    xiv) Support Centres.
    xv) Website services.

    As per NASSCOM, BPO includes following processes that may be IT-enabled, do not necessitate on-shore presence and are hence, offshore-able:
    1) Customer Interaction & Support (CIS)- CIS includes all forms of IT-enabled customer contact, inbound or outbound, voice or non-voice based support used to provide customer services, sales and marketing, technical support and help desk services.
    2) Finance & Accounting (F&A)- F&A includes activities such as general accounting, transaction management (account receivables and payables management), corporate finance (e.g. treasury and risk management, and tax management); compliance management and statutory reporting, etc.
    3) Horizontal-specific BPM services- Services that are reasonably similar across industries. Horizontal BPM services include Customer Interaction and Support (CIS), Finance and Accounting (F&A) and other related processing services, Knowledge Services, Human Resource Management (HRM), Procurement BPM, etc.
    4) Human Resources Processing- HR processing services includes services that support the core HR activities plus talent management activities and associated business processes such as benefits, payroll and talent management.

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  • What is Digital Farming?

    ICT has contributed to another agricultural revolution. Many ICT projects for the agricultural sector have been implemented by the government, state and private sectors such as Karshaka Information Systems Services and Networking (KISSAN) Kerala, Village Resource Center (VRC)–Indian Space Research Organization (ISRO) and e-Krishi. Collectively it is called digital farming.

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  • What are the Export Promotion Schemes offered by the Ministry of Technology and Information Technology (MeITY)?

    The two major export promotion schemes launched under the Ministry of Electronics and Information Technology are:
     

    1) Software Technology Parks (STPs): STP of India was set up as an autonomous body in 1991.
     Some of the benefits offered are:
     a) Customs duty exemption
     b) Accelerated depreciation
     c) 100% FDI permitted through automatic route.


     2) Special Economic Zone (SEZ): They were set up with an objective of providing an international competitiveness. Some of the benefits are:
     a) 100% income tax exemption on export income
     b) Duty free import. Please note that SEZ are for multiple sectors and these benefits extend to sectors other than IT BPM 

    For more information, click here.

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  • What is Digi Locker?

    Available on both websites and portable applications, is a digital cabinet to store all your files. Linked to both Aadhaar card and mobile phone numbers, DigiLocker eliminates the use of physical papers as part of the Digital India drive of the government as all information is placed in the cloud.

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  • How local entrepreneurs can participate in IBPS?

    An entrepreneur can form a Consortium with a Company registered anywhere under Companies Act 1956/2013 which is able to fulfil the other eligibility criteria(s). The eligible Indian Company must have at least 26 % equity shareholder in the Consortium and commit to maintain minimum equity shareholding (26%) for at least three years.

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  • What are the sub-schemes approved under Indian Footwear and Leather Development Programme (IFLDP)?

    Indian Footwear and Leather Development Programme(IFLDP) aims at development of infrastructure for the leather sector, address environmental concerns specific to the leather sector, facilitate additional investments, employment generation and increase in production.

    The following sub-schemes have been approved under IFLDP during 2021-26:-

    (i) Sustainable Technology and Environmental Promotion (proposed outlay INR 500 crore):- Special Purpose Vehicle constituted for each CETP would be provided assistance @ 80% of the total project cost for Northeastern Areas with industry’s/beneficiary share to be 20% of the project cost and @ 70% of the total project cost for other areas with industry’s/beneficiary share to be 30% of the project cost with a limit of INR 200 crore.

    (ii) Integrated Development of Leather Sector (IDLS) sub-scheme (proposed outlay INR 500 crore):- Assistance would be provided to the sectoral units for their modernization/capacity expansion/technology up-gradation on or after 01.01.2020 @30% to MSME units and 20% to other units. Financial assistance is being proposed to North Eastern Areas also @40% of cost of plant & machinery to MSME units and 30% of the same to other units with additional 5% financial assistance for the domestically manufactured plant and machinery. Maximum assistance will be provided upto INR 15 crore per product line keeping in view 5 times increase in upper limit of investment in Plant and Machinery by MSME.

    (iii) Establishment of Institutional Facilities (proposed outlay INR 200 crore):- Setting up of International Testing Centre, Sports Complex, replacement of conventional light fixtures with LED lights and construction of girls hostel in FDDI campuses are planned.

    (iv) Mega Leather Footwear and Accessories Cluster Development (MLFACD) sub-scheme (proposed outlay INR 300 crore):- The sub-scheme aims at world-class infrastructure and to integrate the production chain in a manner that caters to the business needs of the leather and footwear industry so as to cater to the domestic market and exports.

    Graded assistance is proposed to be provided @50% of the project cost or @70% of the project cost in Northeastern areas, for land development, core infrastructure, HRD and social infrastructure, production facilities including ready to use sheds with plug and play facility, R&D support and export services excluding cost of land with maximum Government assistance being limited to INR 125 crore.

    (v) Brand Promotion of Indian Brands in Leather and Footwear Sector (proposed outlay INR 100 crore):- The GoI assistance is proposed to be 50% of total project cost subject to limit of INR 10 crore for each brand in next three year to promote 10 Indian brands in the International Market in 3 years. The designated agency to implement the sub-scheme is being proposed to be selected amongst institutes like NID, NIFT, IBEF, IIFT or Institutes of similar standing.

    (vi) Development of Design Studios (proposed outlay INR 100 crore):- This is a new sub-scheme. Assistance would be provided to develop 10 Indian design studio. The studios will promote marketing/export linkages, facilitates buyer- seller meets, display designs to international buyers and work as interface for the trade fairs. Design Studios will be kind of ‘one-stop- shop' providing a wide range of services: design, technical support, quality control etc. Institutes like FDDI, CLRI, NID, NIFT, IBEF, IIFT or institutes of similar standing or any large units of the industry or group of industry would be the implementing agencies. For more details, please visit the link - https://pib.gov.in/PressReleasePage.aspx?PRID=1795797

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  • What is the Leather sector overview of India?

    India is the second largest producer and consumer of footwear in the world.

    The Leather industry in India accounts for around 13% of the world’s leather production of hides/skins and handles a robust annual production of about 3 bn sq. ft. of leather. The country accounts for 9% of the world’s footwear production. The industry is an employment intensive industry providing job to more than 4 Mn people. The industry is home to many leather and footwear clusters across the length and breadth of India.

     

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  • What are the major initiatives undertaken by the government in recent times in the leather sector?

    The Indian Footwear and Leather Development Programme (IFLDP) (erstwhile IFLADP) has been approved for continuation from 2021-22 with an approved financial outlay of INR 1700 crore. IFLDP has been approved by the Union Cabinet on 19.01.2022 as continuation of the erstwhile IFLADP till 31.03.2026 or till further review, whichever is earlier. Indian Footwear and Leather Development Programme(IFLDP) aims at development of infrastructure for the leather sector, address environmental concerns specific to the leather sector, facilitate additional investments, employment generation and increase in production. For more details please visit - https://pib.gov.in/PressReleasePage.aspx?PRID=1795797

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  • Where are major production centers for leather and leather products in India?

    The major production centers for leather and leather products in India are located in the states of :
    1) Tamil Nadu – Chennai, Ambur, Ranipet, Vaniyambadi, Vellore, Pernambut, Trichy, Dindigul and Erode. 
    2) West Bengal – Kolkata.
    3) Uttar Pradesh – Kanpur, Agra, Noida, Saharanpur; Maharashtra – Mumbai.  
    4) Punjab – Jallandhar. 
    5) Karnataka – Bangalore. 
    6) Andhra Pradesh – Hyderabad. 
    7) Haryana  – Ambala, Gurgaon, Panchkula, Karnal and Faridabad. 
    8) Delhi. 
    9) Madhya Pradesh – Dewas. 
    10) Kerala – Calicut and Ernakulam / Cochin. 
    11) Rajasthan - Jaipur. 
    12) Jammu & Kashmir - Srinagar.

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  • Is prior government approval required for investing in this sector?

    No, 100% FDI is allowed under the Automatic route.

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  • When should we renew GOPA?

    Grant of Permission Agreement (GOPA) is valid only for a period of five years. End of five years, please download the form of renewal of GOPA from www.mib.nic.in. This form has to be printed on two $ 1.53 non-judicial stamp paper and be signed similar to the way the GOPA was signed.

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  • What is the penalty for not complying with the eligibility conditions?

    In the event of the failure of any Letter of Intent (LoI) holder to comply with the eligibility conditions for the Grant of Permission Agreement or failing to sign the Grant of Permission Agreement within the prescribed period, the full deposit of the bid amount shall be forfeited without further notice, and Letter of Intent and the allocation of frequency, if any, shall stand cancelled.

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  • What is SACFA clearance and frequency allocation?

    ‘SACFA’ means the ‘Standing Advisory Committee on Radio Frequency Allocation‘ of the Wireless Planning & Co-ordination wing of Ministry of Communications & IT, Government of India.
    ‘Frequency Allocation’ means the specific Radio Frequency (RF) carrier with associated technical parameters such as RF power, bandwidth etc to the particular FM channel as assigned by the Wireless Planning & Co-ordination wing of Department of Telecommunication, Ministry of Communications & IT, Government of India.

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  • What is the eligibility criteria for getting permission of FM radio channel?

    Only companies registered under the Company’s Act, 1956 are eligible for bidding and obtaining permission for FM radio channels. However, following types of companies are not eligible to apply:
    a) Companies not incorporated in India.
    b) Any company controlled by a person convicted of an offence involving moral turpitude or money laundering/drug trafficking, terrorist activities or declared as insolvent or applied for being declared insolvent.
    c) A company which is an associate of/or controlled by a Trust, Society or Non Profit Organization.
    d) A company controlled by or associated with a religious body.
    e) A company controlled by or associated with a political body.
    f) Any company which is functioning as an advertising agency, is an associate of an advertising agency or is controlled by an advertising agency or person associated with an advertising agency.
    g) Subsidiary company of any applicant in the same City.
    h) Holding company of any applicant in the same City.
    i) Companies with the same management as that of an applicant in the same City.
    j) More than one Inter-Connected Undertaking in the same City.
    k) A company that has been debarred from taking part in the bidding process or its holding company or subsidiary or a company with the same management or an interconnected undertaking.
    l) The defaulters of conditions under Phase-I & Phase-II, who have contested the revocation of their letters of Intent/License Agreements/Bank Guarantees, thereby continue to be debarred from participating in any future bidding process.

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  • What is the overview of the media and entertainment sector in India and the performance of this sector in recent times?

    The Indian Media and Entertainment sector is valued at approximately $ 12 bn in 2015 and expected to double by 2020. Out of the various sub sectors, one of the highest growing sub-sectors would be digital advertising with a CAGR of 30%. Further, India is known to have the second largest TV market in the world.
    The performance of the sector can be found in the achievement report at the following link. 

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  • Is the government proposing to create a regulatory agency for television broadcasters?

    In 2006, the government had prepared a Draft Broadcasting Services Regulation Bill, 2006. The bill made it mandatory to seek license for broadcasting any television or radio channel or program.
    It also provides standards for regulation of content. It is the duty of the body to ensure compliance with guidelines issued under the bill.

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  • After the application of WOL, can we start the transmission before we have obtained the Wireless Operating License?

    No, one is not legally supposed to begin the operational transmission. However, you can try doing test transmission.

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  • Who is responsible for interpolations?

    Any person who exhibits or permits to exhibit interpolated film is responsible. It has to be observed whether the characters involved in the main film are also involved in the interpolated bits. If it is so, then one can infer that the producer and the distributor may also be responsible for interpolation. According to Section 7(b) of the Act, if any person, without lawful authority, alters or tampers with in any film, after it has been certified, will be committing a crime under Cinematograph Act. It is to be noted that the burden of proving the lawfulness of the act shall lie on the person who altered or tampered with the certified film.

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  • What are the different segments of Gaming industry in India?

    The gaming market has a few distinct segments in India. Firstly, there is the commonly used individual gaming, then comes multi-player gaming (both offline and online) followed by a rapidly growing ecosystem of fantasy sports.

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  • How are IVDs classified in India under Medical Device Rules, 2017? Who will have the responsibility of doing Classification of IVD as per Class A/B/C/D?

    IVDs are classified under Chapter II, Rule 4, Sub-rule (2) of Medical Device Rules, 2017 on the basis of parameters specified in Part II of the First Schedule, in the following
    classes, namely:
    i) Low risk - Class A,
    ii) Low moderate risk- Class B.
    iii) Moderate high risk- Class C.
    iv) High risk- Class D.                                                                       
    Reference Rule 4 (3): This rule specifies that Central Licensing Authority shall classify the Medical Devices.

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  • Can an Applicant apply for incentives under the scheme in multiple target segments? 

    There shall be no restriction on any applicant applying in more than one target segment. However, the applicant shall be required to submit a separate application along with the application fee for each target segment and shall be required to separately meet the eligibility criteria of threshold Investment and Incremental Sales of Manufactured Goods for each application.

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  • How much FDI is permitted under medical devices sector?

    100% FDI is permitted under medical devices sector through automatic route.

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  • Is the list of common facilities applicable in the scheme exhaustive? 

    The list of common facilities/center given in the list are indicative and states are encouraged to plan for facilities, the implementing agency considers useful.

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  • If a company misses a threshold (investment / incremental sale) in one year but compensates for that in the next year by having met the total cumulative figure – Then will the company be eligible for the missed incentive?

    In case an applicant does not meet minimum threshold criteria for any given year, the applicant shall not be eligible for disbursement of incentive for that particular year. However, the applicant will not be restricted from claiming incentive for subsequent years during the tenure of the Scheme, provided eligibility criteria are met for such subsequent years.

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  • How will funds for the Medical Parks be disbursed?

    Grant-in-aid will be released in four instalments in the following manner:

    Installment Percentage of Funds Remarks/ Pre-requisites
    First 30 On final approval of the project by the SSC and after the deposit of 30% of SlA's share in the project cost in the Trust and Retention Account (TRA) or Escrow or No Lien Account as the case may be, subject to the condition that all relevant environment clearances are in place.
    Second 30 60% utilisation of the first instalment and after the proportionate expenditure has been incurred by the SIA with proportionate physical progress of the Medical Device Park as per the DPR.
    Third 30 100% utilisation of first instalment and at least 60% utilization of second instalment and after the proportionate expenditure has been incurred by the SIA with proportionate physical progress of the Medical Device Park as per the DPR.
    Fourth 30 100% utilisation of second and third instalments and SIA has mobilized and spent its entire share in proportion to the grant and completed the project in all respects.

     

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  • Is assembly of products considered to be ‘Manufacturing’ under the scheme?

    All activities applicable under the Central Goods and Service Tax 2017 definition of 'Manufacturing' will be eligible under the PLI scheme for incentives. (refer scheme guidelines for more information).

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  • Who will be responsible for Maintenance of Assets?

    State Implementation Agency shall be responsible for Operation and Management of assets created under the Scheme.

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  • What are the eligible Investments, that will be calculated for the threshold Investment?

    The investments that are eligible for the threshold investment calculation are: 

    • Expenditure incurred on new Plant, Machinery, Equipment and Associated Utilities
      • Eligible investment includes expenditure on a new plant, machinery, equipment and associated utilities as well as tools, dies, moulds, jigs, fixtures (including parts, accessories, components, and spares thereof) of the same, used in the design, manufacturing, assembly, testing, packaging or processing of any of manufactured goods covered under target segments. 
    • Expenditure incurred on new Research and Development (R&D)
      • Eligible investment includes capital expenditure on R&D and product development related to Target Segments. 
    • Expenditure related to Transfer of Technology (ToT) Agreements
      • Eligible investment includes the cost of technology and initial technology purchase related to manufactured goods covered under Target Segments. 
    • Associated Utilities
      • Expenditure incurred on associated utilities as defined in the scheme guideline shall be considered as Investment for determining eligibility under the Scheme. 

    (refer scheme guidelines for more information)

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  • Will grants be applicable for investment for construction of roads, buildings, etc.?

    No grant shall be given towards construction of roads, compound wall and buildings. However, as far as various scientific facilities/ centres are concerned, 30% of the estimated cost of the respective facility/ centre will be allowed from grant-in-aid towards the construction of the building.

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  • What kind of mines does Central Government own?

    The Central Government is the owner of the minerals underlying the ocean within the territorial waters or the Exclusive Economic Zone of India.

    For more information, click here.

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  • How much FDI is allowed in mining and exploration of metal and non-metal ores?

    1. Coal & Lignite: 100% FDI is allowed under automatic route
    2. Mining and exploration of metals and non-metals ores: 100% FDI is allowed under automatic route
    3. Mining and mineral separation of titanium bearing minerals and ores: 100% FDI is allowed under Govt. route

    For more information, click here. 

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  • What is the GST rate for minerals and ores in Composition Scheme?

    In a case where the process amounts to manufacture, the rate of tax will be 1% (CGST) and 1% 
    (SGST/UTGST). In any other case, the rate will be 0.5% (CGST) and 0.5% (SGST/UTGST).

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  • Will the basic exemption limit from GST be applicable to the tiny and micro segment in mining?

    Yes, the basic exemption limit of $ 15,385 ($ 7693 in the case of special category States) is applicable to the tiny and micro segment even in mining. However, a person engaged in making taxable supply and having aggregate annual turnover (more than $ 15,385in any State other than the special category States) would be liable to obtain registration under GST. The return has to be filed on monthly basis by regular taxable persons and on quarterly basis by the taxable persons registered under the composition scheme. 

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  • What are the Existing Legislative Provisions regarding safety, health and welfare of mine workers?

    Under the Constitution of India, safety, welfare and health of workers employed in mines are the concern of the Central Government (Entry 55- Union List- Article 246). The objective is regulated by the Mines Act, 1952 and the Rules and Regulations framed thereunder which are administered by the Directorate- General of Mines Safety (DGMS), under the Union Ministry of Labour and Employment.
    A list of the subordinate legislation under the Mines Act administered by DGMS are:
    1) Coal Mines Regulations, 1957. 
    2) Metalliferous Mines Regulations, 1961.
    3) Oil Mines Regulations, 1984. 
    4) Mines Rules, 1955. 
    5) Mines Vocational Training Rules, 1966. 
    6) Mines Rescue Rules, 1985. 
    7) Mines Creche Rules, 1966.  
     

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  • Will ITC be available on steel, timber and sometimes cement which are used in the underground mines to provide a protective device for security purpose?

    Credit will not be available, if these goods are supplied for construction of an immovable property. 
    But if these are temporarily placed for protective purposes, credit will be available.

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  • What are the activities of ENVIS Centre, MINENVIS ?

    Maintains a database management system to cater to the requirements of various users/ 
    stakeholders of the mineral industry and regularly publishes Newsletters and Monographs.
     

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  • Who grants Mining Leases (ML) and Prospecting License-cum-Mining Lease (PL-cum-ML)?

    As per the Mines and Minerals (Development & Regulation) Act (MMDR) Amendment Act 2015, the grant of Mining Leases (ML) and Prospecting License-cum-Mining Lease (PL-cum-ML) happens only through an auction process.

    For more information, click here.

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  • Which are the concerned government offices/services under mining segment?

    Following are government departments under mining sector:

             i.   The Ministry of Mines, Government of India

             ii.  The Geological Survey of India

             iii. The Indian Bureau of Mines

    For more information, click here.

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  • Who grants mineral concessions in India?

    The State Governments grant the mineral concessions for all the minerals located within the boundary of the State, under the provisions of the MMDR Act, 1957, and Mineral Concession Rules (MCR), 1960. Under the provisions of the MMDR Act, 1957 and MCR, 1960, prior approval of the Central Government is required in the several cases.

    For more information, click here.

     

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  • What is refinery transfer price (RTP)?

    RTP – Refinery Transfer Price or RGP (Refinery Gate Price) is the price paid by the oil companies to domestic refineries for purchase of finished petroleum products at refinery gate.

    For more information, click here.

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  • As per the Bureau of India Standards what is the definition of motor spirit?

    Motor spirit means any hydrocarbon oil in the range of C4 -C12 (excluding crude mineral oil) obtained broadly by fractional distillation of crude oil which meets the requirements of Bureau of Indian Standards specification (BIS) No. IS-2796 and is suitable for use as fuel in spark ignition engines.

    For more information, click here.

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  • What is the use of furnace oil?

    Major use of furnace oil (FO) /LSHS and LDO (Light Diesel Oil) is as a fuel in Power, Fertilizer, petrochemicals and steel sectors. Some of the fertilizer plants consume FO as feed stock also. Other industries engaged in manufacturing of cement, paper, pharmaceuticals, Synthetic fibers etc. consume FO/LSHS as fuels. LDO is broadly used for low RPM engines primarily employed in industry, transport and power sectors.

    For more information, click here.

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  • What are the regulations on usage of Furnace oil in NCR?

    As per Environment Pollution (Prevention & Control) Authority (EPCA), usage of furnace oil would be strictly banned in NCR.

    For more information, click here.

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  • What is EPP or Export Parity Price?

    Export Parity Price is the price which oil companies would realize on export of petroleum products. This includes Freight on Board (FOB) Price and advance license benefit (for duty free import of crude oil pursuant to export of refined products.

    For more information, click here.

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  • What do you mean by import parity price?

    Import Parity Price (IPP) is the price that importers would pay in case of actual import of product at the respective Indian ports. This includes FOB price, Ocean freight, Customs duty, Port dues etc.

    For more information, click here

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  • What are biofuels?

    The National Policy on Biofuels categorises Biofuels as:

    “Basic Biofuels” viz. First Generation (1G) bioethanol & biodiesel and “Advanced Biofuels” – Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop-in fuels, Third Generation (3G) biofuels, bio CNG etc.

    For more information, click here.

     

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  • What are various types of petrol/ diesel available in India?

    Various petrol types are as follows: MS 93/95, Bharat Stage (BS) IV, Bharat Stage (BS) VI, branded petrol (with additives) etc.

    Various types of diesels are as follows: Light Diesel Oil (LDO), BS IV, BS VI, Bio Diesel, Branded Diesel (with additives) etc.

    To know more about the Oil & Gas sector opportunity in India, please visit the Oil & Gas page at Invest India website.

    For further details on Indian Petroleum and Natural Gas Statistics, please refer this link: http://petroleum.nic.in/sites/default/files/APR_E_1718.pdf

    For more information, click here.

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  • Under what situations IGST is applicable?

    As per the GST law, if the location of the supplier and place of supply is in different states then IGST would be applicable.

    For more information, click here

     

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  • What is EBP programme?

    EBP (Ethanol Blended Programme) is the revision of ethanol prices for supply to Public Sector OMCs (Oil Marketing Companies). Currently this programme is being carried out in 21 States and 4 UTs with immediate target to achieve 10% ethanol blending in Petrol. This blended petrol is known as ethanol blended petrol.

    For more information, click here.

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  • Is it mandatory for the name of the company to be indicative of the nature of its business?

    No, it is not mandatory for the name to be indicative of the nature of its business.

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  • If a company is manufacturing two or more items, does the company have to fulfil qualification and eligibility criteria for each of the items individually under the PLI scheme?

    An applicant can apply for more than one eligible product. However, a separate application along with the application fee is required to be submitted for each eligible product.

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  • Assume that a particular applicant chooses not to include turnover of a group company and prefers to remain in a different Group (say for example Group C as compared to Group B), would this be permitted under the Scheme - Refer Clause 2.2 of the operational guidelines

    This is not permitted as per the Operational guidelines. Further, you may please note that the GMR of the Applicant and its Group Companies, is an eligibility/ selection parameter. The application would require a Statutory auditor certificate in respect of the GMR of the applicant and all its group companies.

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  • How will the incentive be disbursed?

    Where bank finance is involved, written commitment of the bank concerned to release proportionate funds shall also be necessary before release of Central Government assistance.

    Grant-in-aid will be released in four instalments: 30%, 30, 30%,10% of the percentage of funds respectively. Clause 17 of the Guidelines details the instalments. 

    Instalment

    Percentage of Funds

    Remarks/ Pre-requisite

    1st

    30
    • On final approval of the project by the SSC and after deposit of 30 percent of SIA's share in the project cost in the Trust and Retention Account (TRA) or Escrow or No Lien Account as the case may be, subject to the condition that all relevant environment clearances are in place.

    2nd

    30
    • 60% utilisation of the 1st instalment and after proportionate expenditure has been incurred by the SIA with proportionate physical progress of the bulk drug park as per the DPR
    • Against the production of Bills

    3rd

    30
    • 100% utilisation of 1st instalment and at least 60% utilization of 2ndinstalment and after proportionate expenditure has been incurred by the SIA with proportionate physical progress of the bulk drug park as per the DPR
    • Against the production of Bills

    4th

    10
    • 100% utilisation of 2nd and 3rd instalments
    • SIA has mobilized and spent its entire share in proportion to the grant and completed the project in all respects.

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  • Incentive to be calculated based on incremental sales of eligible products approved for the applicant. Change in product mix permitted max. five times during scheme period (until mar 28) How to take care of new product launches under existing sub-category or incorrect classification of sub-category [e.g. complex generic product]? All products with expected incremental sales under given sub-category to be included in the application list. Since scheme is for six yrs; such list should be revised typically yearly once at the time of budget.

    Yes. As the pharmaceuticals products involves complex chemicals and molecules, the scheme has a provision for a Technical Committee (TC) as per clause 2.21. In case, a clarification is needed on eligibility/ categorization of specific products, a list may be sent to the PMA, so that the same can be referred to the TC.

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  • Who can be an Applicant under the PLI Scheme for APIs, KSMs and Drug Intermediaries?

    The Applicant for the purpose of the Scheme shall be any Proprietary Firm or Partnership Firm or Limited Liability Partnership (LLP) or a Company registered in India proposing to manufacture eligible products and making an application for seeking approval under the Scheme. The applicant shall make committed investment in a Greenfield Project.

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  • Whether an applicant, who is MSME at the time of making an application, commit investment in P&M, more than INR 50 Crores and still be considered as MSME for the whole tenure of the said scheme? Will the applicant continue to receive incentives as MSME applicant even after surpassing the MSME limits as per MSMED Act?

    Yes. As per clause 2.2.3. grouping of the applicant under MSME category is subject to applicant’s registration as Micro, Small & Medium Enterprises (MSME) with the Ministry of MSME, Government of India. Upon selection under the scheme, the MSME applicant will be eligible for incentive based on the yearly threshold criteria of minimum cumulative investment (Committed Investment in case of MSME) and minimum percentage growth in sales of eligible products as mentioned in Appendix B of the guidelines. As such, the scheme does not provide any restriction for MSME applying under the Scheme and can graduate to non-MSME entity based on its investments under the Scheme and other investments during the tenure of the scheme.

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  • Who can be a Proposer under the Scheme? What is the role of the Proposer?

    The proposer for the purpose of the Scheme shall be a State Government and is an applicant under the scheme. The proposer shall submit a Project Report (PR) including the proposed cost of establishing the bulk drug park including cost of CIF. State Government can make only one proposal of Bulk Drug Park under this Scheme.

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  • If there are 2 companies, whose turnover and investment are combined for the purpose of GMR and GMI (classification under relevant Group A/B/C), and basis the consolidated numbers, happen to qualify as Group A, can they both take this consolidation as a base to file separate applications for different eligible products, as Group A applicants under the scheme? Essentially, the turnover considered for group classification would be overlapping in this case

    No. Any group company will be considered as only one applicant.

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  • What are the skill development measures undertaken in Pharmaceutical sector?

    To keep pace with the growing demand for highly skilled R&D professionals the government has undertaken the transformation of National Institutes of Pharmaceutical Education and Research (NIPERs)

    For more information, click here.

     

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  • How will the incentive be disbursed under Bulk Drug Parks Scheme?

    Where bank finance is involved, written commitment of the bank concerned to release proportionate funds shall also be necessary before release of Central Government assistance.

    Grant-in-aid will be released in four instalments: 30%, 30, 30%,10% of the percentage of funds respectively. For details, click here.

    (Clause 17 of the Guidelines details the instalments.)

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  • What are Coastal Economic Zones?

    Coastal Economic Zones (CEZ) are geographically contiguous districts within a State that are either coastal districts or districts having a strong port linkage. CEZs would link Major and Non-major ports, Industrial units and evacuation infrastructure into a single system at regional level. CEZs would fuel port-led industrialization program. Ministry of Shipping had identified 13 CEZ along the Indian coastline under Sagarmala Program. For details, please refer to link.

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  • Which is the nodal agency for regulation of lighthouse tourism?

    Directorate General of Lighthouses and Lightships (DGLL) is the nodal agency for regulation of lighthouse tourism.
    For further details, please refer the link.
     

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  • What are Coastal Zone Regulations?

    Coastal stretches of seas, bays, estuaries, creeks, rivers and backwaters which are influenced by tidal action (in the landward side) up to 500 metres from the High Tide Line (HTL) and the land between the Low Tide Line (LTL) and the High Tide Line (HTL) is defined as Coastal Regulation Zone. Activities in such zones are subject to restrictions notified by the Union Ministry of Environment, Forests and Climate Change.

    For more information, click here.

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  • Which are the major educational and training institutes for Maritime sector in India?

    Indian Maritime University is the premier institution for maritime education in India. In addition, there are 133 maritime training institutes approved by administration which provide pre-sea and post-sea trainings to individuals taking up career in maritime sector.
    For further details, please refer the link.

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  • Is Foreign investment allowed in Port & Shipping sector?

    The Government has allowed 100% Foreign Direct Investment (FDI) in the shipping sector. 100% FDI is allowed under the automatic route for projects related to the construction and maintenance of ports and harbours.

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  • Is security clearance required by foreign investors and how can security clearance be obtained by foreign investors?

    Yes, usually security clearance for foreign investors is obtained by project proponents. Foreign investors need to submit required documents with the project proponent who arrange to obtain security clearance.


    Please visit the following link for more information.

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  • What are the different modes of investment in Maritime sector?

    Investors may take any of the following routes to invest in maritime sector:
    a) EPC mode
    b) PPP mode
    c) Captive mode
    d) Fully privately owned ventures
    For further details, please refer the link.

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  • What FDI policies are made for ports and shipping sector?

    100% FDI is allowed under the Ports & Shipping sector via automatic route.

    For more information, click here.

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  • Are there any subsidies/financial assistance available for Maritime projects?

    Yes, financial assistance is available for certain identified sectors such as shipbuilding. Government has also announced exemptions from Customs and Central Excise duties on inputs used in shipbuilding. Tax holiday for 10 consecutive assessment years for infrastructure development including Ports and Inland Waterways also available. This may undergo procedural change with introduction of GST.
    For further details, please refer the link.

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  • From where a person can get data for issue/transformation of a permit?

    The requirements for conversion/issue of licence are specified in CAR Section 7 Series ‘G’ Part I and schedule-II of the aircraft rules. The requirements for CPL are also clearly spelled out in the application form for issue / conversions of CPL.

    For more information, click here.

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  • What are PM Gati Shakti Multi-modal Cargo Terminals?

    In order to boost investments from industry in development of additional terminals for handling rail cargos, a new ‘Gati Shakti Multi-modal Cargo Terminal (GCT)’ policy has been framed. All new as well as under-construction/under-approval Cargo Terminals shall be covered under this policy.
    The policy seeks to promote proliferation of new Cargo Terminals and improve existing Cargo Terminals through investments from industry to accelerate the growth in Railways’ cargo traffic. 
    The salient features of Gati Shakti Cargo Terminals (GCTs) are as under –

    1. Simplified application and approval process, for quick and hassle-free approvals.
    2. No departmental charges will be levied on the applicant.
    3. No Land License Fees to be charged for the Railway land used for connectivity.
    4. No cost of commercial staff to be charged
    5. All common-user traffic facilities at the serving station to be constructed and maintained by Railway
    6. For Terminals giving 1 MT or more outward traffic, cost of mid-section Block Hut/ Block station to be reimbursed as 10% freight rebate.
    7. Maintenance of all assets (track, signalling, OHE) by Railway at its own cost, excluding the yard and loading/unloading lines
    8. Railway will reserve the right to grant connectivity to another Terminal(s) from such portions of track being maintained by Railway

    Union Budget 2022-23 has announced the target to set up 100 GCTs within the next three financial years.
     

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  • What is National Rail Plan 2030?

    Indian Railways have prepared a National Rail Plan (NRP) for India – 2030. The Plan is to create a ‘future ready’ Railway system by 2030.  The NRP is aimed to formulate strategies based on both operational capacities and commercial policy initiatives to increase modal share of the Railways in freight to 45%. The objective of the Plan is to create capacity ahead of demand, which in turn would also cater to future growth in demand right up to 2050 and also increase the modal share of Railways to 45% in freight traffic and to continue to sustain it. 
    The key objectives of the National Rail Plan are:  

    • Formulate strategies based on both operational capacities and commercial policy initiatives to increase modal share of the Railways in freight to 45% by 2030
    • Reduce transit time of freight substantially by increasing average speed of freight trains to 50Kmph
    • As part of the National Rail Plan, Vision 2024 has been launched for accelerated implementation of certain critical projects by 2024 such as 100% electrification, multi-tracking of congested routes, upgradation of speed to 160 kmph on Delhi-Howrah and Delhi-Mumbai routes, upgradation of speed to 130kmph on all other Golden Quadrilateral-Golden Diagonal (GQ/GD) routes and elimination of all Level Crossings on all GQ/GD route.
    • Identify new Dedicated Freight Corridors.
    • Identify new High Speed Rail Corridors.
    • Assess rolling stock requirement for passenger traffic as well as wagon requirement for freight.
    • Assess Locomotive requirement to meet twin objectives of 100% electrification (Green Energy) and increasing freight modal share.
    • Assess the total investment in capital that would be required along with a periodical break up.
    • Sustained involvement of the Private Sector in areas like operations and ownership of rolling stock, development of freight and passenger terminals, development/operations of track infrastructure etc.

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  • How much FDI is allowed under Metro sector?

    Up to 100% FDI is permitted for Railway Infrastructure sector without any govt. approval. You can file your FDI application online along with supporting documents at http://fifp.gov.in.

    For more information, click here.

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  • What is the purpose of SFOORTI?

    The Ministry of Railways, Government of India, has launched the Smart Freight Operation Optimisation & Real Time Information (SFOORTI) application to optimise freight operations and manage traffic flows.

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  • What is R3i policy?

    The policy aims to attract private sector participation in rail connectivity projects to create additional rail transport capacity. The policy allows for 4 models: 
    a) Cost Sharing-Freight Rebate.
    b) Full Contribution- Apportioned Earnings.
    c) Special Purpose Vehicle (SPV). 
    d) Private Line.

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  • What is the purpose of R2CI?

    This new policy was initiated to improve rail connectivity to coal and iron ore mines. The policy offers the developer involved in the construction of the line to levy a surcharge on the freight over a period of 10–25 years. 
    The policy has two models, i.e. Capital Cost and SPV Models. The Capital Cost Model is relevant when there are 2 players, whereas the SPV Model is intended for a large number of players.

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  • Define Participative models for rail connectivity and capacity augmented projects.

    This policy supersedes the R3i and R2CI policies notified earlier. The policy provides for supplementing government’s investment in rail infrastructure projects by private capital flows. 
    The policy contains the following models:
    1) Non-government railway.
     2) JV with equity participation by railways. 
    3) Capacity augmentation through funding by customers
    4) Capacity augmentation – annuity model applicability.
    5) Build Operate Transfer.
    A few projects undertaken under the participative policy of Ministry of Railways include Jaigarh Port-Digni Port, Hamarpur-Rewas Port, Chiplun-Karad, Vaibhavwadi-Kolhapur and Indore-Manmad.

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  • What is rolling stock?

    Rolling stock is all the engines and carriages including the locomotives, passenger coaches, freight wagons, guard's vans, etc. that are used on a railway.

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  • What is dedicated freight corridors?

    It is a broad-gauge freight corridor under construction in India by Indian Railway. It is a high-capacity railway corridor that is exclusively meant for the transportation of goods and commodities. There are 2 DFCs in the country, i.e. the Western and Eastern freight corridors. The Western DFC connects Dadri in Uttar Pradesh to Jawaharlal Nehru Port (JNPT) in Mumbai, and Eastern DFC connects Ludhiana in Punjab to Dankuni in West Bengal.

    The Dedicated Freight Corridors are expected to be a gamechanger for the logistics sector in India and are going to play a major role in increasing the Railways’ modal share of freight in India. While these two corridors spanning 3,360 Km are expected to be fully commissioned by end 2023, another three are at the planning stage. Key features of these corridor include double speeds, higher load carrying capacity, and double stacking capability.

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  • What are the investment opportunities available in railways sector?

    Some of the investment opportunities in the railways sector are as listed below:

    1. Components manufacturing
    2. Infrastructure projects such as Railway Station Redevelopment, Tunnelling
    3. High speed train projects such as Mumbai-Ahmedabad High Speed Rail Project
    4. Projects relating to Electrification, Track doubling/laying
    5. Dedicated Freight Corridors
    6. Freight terminals operations
    7. Manufacturing of wagons, coaches and locomotive units

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  • What are the new technologies undertaken by the government in this sector?

    The Ministry of New and Renewable Energy (MNRE) has taken up various programmes on new technologies. As part of these programmes, various projects pertinent to research, development and demonstration have been initiated. These initiatives have been at various research, scientific and educational institutes, universities, national laboratories, industry, etc. These projects are helping in the development of indigenous research and industrial base, expertise, trained manpower and prototypes/devices/systems in the country

    a. Hydrogen Energy
    b. Chemical Sources of Energy (Fuel Cells)
    c. Battery Operated Vehicles
    d. Geo Thermal Energy
    e. Ocean Energy
    f. Biofuels

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  • What is strategy related to R&D?

    R&D for technology development in industry -driven and goal oriented.

    1. Involvement of industry and scientific establishment.
    2. Access technological development elsewhere avoiding 'Reinventing the wheel'.
    3. Indigenous R&D for new and emerging technologies and improvement of available technologies.
    4. Time bound specific tasks for identified R&D activities to be assigned to recognized / identified industry and institutions with clear understanding on the achievement of results.

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  • What is the state-wise electricity generation capacity?

    The electricity generation capacity is listed state wise, which can be accessed from the link.

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  • What is marine renewable energy?

    Ocean renewable energy or marine renewable energy are terms used to describe all forms of renewable energy derived from the sea including wave energy, tidal energy, ocean current energy, salinity gradient energy and ocean thermal gradient energy.

    For more information, click here.

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  • What is Ocean Thermal Energy Conversion?

    Ocean thermal energy conversion, or OTEC, uses ocean temperature differences from the surface to depths lower than 1,000 meters, to extract energy. A temperature difference of only 20°C can yield usable energy.

    For more information, click here.

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  • What is the expected Potential of Ocean Thermal Energy Conversion (OTEC) in India?

    OTEC has a theoretical potential of 180,000 MW in India subject to suitable technological evolution.

    For more information, click here.

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  • Where lies the focus of renewable energy sector?

    Research, design and development efforts should invariably lead to manufacture of complete systems, even if these efforts are required to be shared among different institutions. Thus, there would be a need for system integration broadly covering the following areas: -
    1. Alternate Fuels (hydrogen, biosynthetic)
     2. Green Initiative for Future Transport (GIFT)
     3. Green Initiative for Power Generation (GIPS)
     4. Standalone new and renewable energy products
     5. Distributed new and renewable energy systems
     6. New and renewable energy products
     7. MW scale grid interactive renewable electricity systems

    For more information, click here.

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  • What are the plans related to research and development?

    R&D for technology development in industry-driven and goal oriented.
     1. Involvement of industry and scientific establishment.
     2. Access technological development elsewhere avoiding 'Reinventing the wheel'.
     3. Indigenous R&D for new and emerging technologies and improvement of available technologies.
     4. Time bound specific tasks for identified R&D activities to be assigned to recognized / identified industry and institutions with clear understanding on the achievement of results.

    For more information, click here.

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  • What is the government's contribution for new technology under this sector?

    The Ministry of New and Renewable Energy (MNRE) has taken up the following programmes on various New Technologies:

    1. Hydrogen Energy

    2. Chemical Sources of Energy (Fuel Cells)

    3. Battery Operated Vehicles 

    4. Geo Thermal Energy

    5. Ocean Energy

    6. Biofuels

    For more information, click here. 

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  • How many states are classified under solar city development programme?

    Under the 'Development of Solar Cities Programme', there are in total 60 solar cities identified.

    For more information, click here.

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  • Is FDI allowed under Multi-Brand Retail in India?

    As per the FDI Policy, foreign direct investment is allowed under Multi-Brand Retail Trading upto 51% through the government approval route.


    For any further queries, please write to us at retail@investindia.org.in

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  • Are there any laws protecting consumer interests on online retail transactions?

    The government notified the Consumer Protection (E-Commerce ) Rules, 2020 in July 2020, with the aim of protecting consumer interests, as well as outlining duties of the sellers and e-commerce entities.

    For any further queries, please write to us at retail@investindia.org.in

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  • Can an SBRT entity commence e-commerce operations?

    Subject to the conditions of SBRT under the FDI policy (link:), a single brand retail trading entity operating through brick and mortar stores, is permitted to undertake retail trading through e- commerce. Further, as per policy, retail trading through e-commerce can also be undertaken prior to opening of brick & mortar stores, subject to the condition that the entity open brick and mortar stores within 2 years from date of start of online retail

    For any further queries, please write to us at retail@investindia.org.in

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  • Are there any sub-condition to Multi-Brand Retail Trade (MBRT) under the FDI Policy?

    The FDI Policy specifies few sub-conditions that must be met by entity undertaking Multi Brand Retail Trade:

    1. Fresh agricultural produce, including fruits, vegetables, flowers, grains, pulses, fresh poultry, fishery and meat products, may be unbranded.
    2. Minimum amount to be brought in, as FDI, by the foreign investor, would be US $ 100 million.
    3. At least 50% of total FDI brought in the first tranche of US $ 100 million, shall be invested in 'back-­‐end infrastructure' within three years, where ‘back-­‐end infrastructure’ will include capital expenditure on all activities, excluding that on front-­‐end units
    4. At least 30% of the value of procurement of manufactured/processed products purchased shall be sourced from Indian micro, small and medium industries, which have a total investment in plant & machinery not exceeding US $ 2.00 million.


    For more information, please refer to the FDI Policy

    For any further queries, please write to us at retail@investindia.org.in

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  • What is the Consumer Protection Act, 2019?

    Consumer Protection Act, 2019 is an Act instituted by the Government which covered consumer rights under the following areas:  

    1. Right to Safety 
    2. Right to be Informed 
    3. Right to Choose 
    4. Right to be heard 
    5. Right to seek Redressal 
    6. Right to Consumer Awareness

    For any further queries, please write to us at retail@investindia.org.in

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  • Where can I find regulations on food safety?

    Food Safety and Standards Authority of India is the regulatory authority and has created a comprehensive policy framework on food safety and standards in India.

    For more information, click here

    For any further queries, please write to us at retail@investindia.org.in

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  • What are the conditions for FDI under Single Brand Retail Trade?

    1. Products to be sold should be of a ‘Single Brand’ only i.e. sold under the same brand internationally products should be sold under the same brand in one or more countries other than India except for undertaking SBRT of Indian brands. 
    2. Single Brand’ product-retail trading would cover only products which are branded during manufacturing.
    3. A non-resident entity or entities, whether owner of the brand or otherwise, shall be permitted, directly or through a legally tenable agreement with the brand owner or through a legally tenable agreement executed between the Indian entity undertaking single brand retail trading and the brand owner.
    4. The investing entity shall provide evidence to this effect at the time of seeking approval, including a copy of the licensing/franchise/sub-license agreement etc. 
    5. In respect of proposals involving foreign investments beyond 51%, sourcing of 30% of the value of goods procured, will be done from India, preferably from MSMEs, village and cottage industries, artisans and craftsmen, in all sectors. The quantum of domestic souring will be self-certified by the company, to be subsequently checked by statutory auditor from the duly certified accounts which the company will be required to maintain. This procurement requirement would have to be met, in first instance, as an average of five years' total value of the goods procured, beginning 1st April of the year of commencement of SBRT business. Thereafter, SBRT entity shall be required to meet the 30% local sourcing norms on an annual basis.

    For any further queries, please write to us at retail@investindia.org.in

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  • What are the rules governing 'Franchising' in India?

    There isn't any umbrella legislation governing 'Franchising' in India. However, a broad set of laws and regulations can be applicable to 'Franchising'  governing different aspects of a particular franchising business in India. Given below is an indicative list of laws that can be made applicable:

    1. Indian Contract Act, 1872 - It governs the contractual aspects of a franchise agreement relating to offer, acceptance, indemnity, termination, breach of contract among other clauses inserted in the agreement.
    2. Intellectual Property Laws - The Trade Marks Act 1999, the Copyright Act 1957, the Patents Act 1970 and the Design Act 2000 governs and regulates the intellectual property aspects involved in a franchise agreement which would include brand names (owner), logos, designs, trademarks among others.
    3. Competition Act, 2002 - The competition law will check on the anti-competitive element of the franchise agreement, which is a vertical agreement (governed by Section 3(4) of the Act) and also on abuse of dominance by the franchisor.
    4. Foreign Exchange Management Act - It will govern payments and guarantees issued by Indian franchisees to foreign franchisors depending upon the franchising arrangement. The FDI Policy will also come into action to govern the investment aspect.
    5. Consumer Protection Act, 2019 - It will be applicable to remedy the consumers and hold the franchisee or the franchisor or both of them jointly liable in case of defective goods or unsatisfactory service.

    Other laws which will also become applicable include the Tax related Laws in India, Labour Laws, The Arbitration and Conciliation Act, 1996, Information Technology Act, 2000, Transfer of Property Act 1882,Indian Stamp Act 1899, Registration Act 1908.


    For any further queries, please write to us at retail@investindia.org.in

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  • Are Single Brand Retail Traders, as defined under the FDI Policy, required to locally source products?

    For projects under Single Brand Retail Trading involving foreign investments beyond 51%, sourcing of 30% of the value of goods will be done from India. This procurement would have to be met, in the first instance, as an average of first five years total value of goods purchased. Thereafter, it would have to be met on an annual basis or year 6 onwards.

    Further details on sub-conditions associated with SBRT are provided in the FDI Policy, click here.

    For any further queries, please write to us at retail@investindia.org.in

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  • What is the FDI policy for Duty free shops?

    "100%  FDI is allowed under Duty free shops via automatic route. As per the FDI Policy, duty free shops with foreign investment are not permitted to engage in any retail trading activity in the domestic tariff area of the country.  

    Further, such duty free shops are also required to comply with the conditions stipulated under the Customs Act, 1962 and the other applicable laws and regulations.  

    For more information, click here.

    For any further queries, please write to us at retail@investindia.org.in"

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  • Can an SBRT entity commence e-commerce operations?

    Subject to the conditions of SBRT under the FDI policy (link:), a single brand retail trading entity operating through brick and mortar stores, is permitted to undertake retail trading through e- commerce. Further, as per policy, retail trading through e-commerce can also be undertaken prior to opening of brick & mortar stores, subject to the condition that the entity open brick and mortar stores within 2 years from date of start of online retail

    For any further queries, please write to us at retail@investindia.org.in

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  • What is a marketplace and inventory based model of e-commerce?

    "1) Marketplace based model of e-commerce means providing an information technology platform by an e-commerce entity on a digital & electronic network to act as a facilitator between the buyer and seller. 
    2) Inventory based model of e-commerce means an e-commerce activity where inventory of goods and services is owned by e-commerce entity and is sold to the consumers directly.

    For more information, click here 

    For any further queries, please write to us at retail@investindia.org.in"

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  • Is FDI allowed for inventory based model of e-commerce?

    "No, FDI is not permitted for inventory based model of e-commerce.

    For any further queries, please write to us at retail@investindia.org.in"

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  • Does India have an e-commerce policy?

    "A draft e-commerce policy was prepared and put up in the public domain on February 23, 2019 for comments/suggestions. Comments from over 120 stakeholders (companies, Industry associations, think tanks, foreign governments) have since been received. The Govt. is currently working on finalising the policy. Click here for the draft policy. 

    For any further queries, please write to us at retail@investindia.org.in"

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  • What is deemed inventory ownership by a marketplace under the FDI Policy on E-Commerce?

    As per the FDI Policy, E-Commerce marketplace is not supposed to exercise control or ownership of the inventory. Inventory is deemed to be controlled by the marketplace if more than 25% of purchases of a vendor on the marketplace are purchased from the marketplace entity or its group companies. 

    For any further queries, please write to us at retail@investindia.org.in

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  • Can sellers on e-commerce marketplaces have equity participation from the marketplace or its group companies?

    No, as per the FDI Policy, no entity having equity participation from the e-commerce marketplace entity or its group companies will be permitted to sell its products on the platform run by such a marketplace entity. 


    For any further queries, please write to us at retail@investindia.org.in

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  • Can e-commerce marketplaces offer services to sellers hosted on its webite?

    As per the FDI Policy, e-commerce marketplace may provide support services to sellers in respect of warehousing, logistics, order fulfilment, call centre, payment collection and other services

    For any further queries, please write to us at retail@investindia.org.in

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  • Is E-Commerce allowed for Food Retail?

    For food product retail trading: 100% FDI is allowed under approval route, including through ecommerce, in respect of food products manufactured and/or produced in India. 

    For any further queries, please write to us at retail@investindia.org.in

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  • What is Value Engineering Programme?

    The Ministry of Road Transport and Highways, Government of India plans to implement 'Value Engineering Programme' in order to promote use of new technologies and material in highway projects being executed in India.

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  • What is Special Accelerated Road Development Programme?

    Ministry of Road Transport and Highways has taken up an ambitious Special Accelerated Road Development Programme (SARDP-NE) for development of road network in the north eastern States of the Country.

    For more information, click here.

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  • What amount of Foreign Direct Investment is permitted in streets and parkways?

    ​100% Foreign Direct Investment (FDI) is allowed under the automatic route in the road and highways sector​. 

    For more information, click here​.

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  • What is the development plan and budget of Bharatmala?

    A total of around 24,800 kms is being considered in Phase I of Bharatmala. In addition, Bharatmala Pariyojana phase -I also includes 10,000 kms of balance road works under NHDP, taking the total to 34,800 kms at an estimated cost of INR. 5,35,000 cr. Bharatmala Phase I - is to be implemented over a five years period of i.e. 2017-18 to 2021-22.

    For more information, click here.

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  • what is the objective of Bharatmala programme?

    Bharatmala Pariyojana program focuses on optimizing efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps through effective interventions like development of Economic Corridors, Inter Corridors and Feeder Routes, National Corridor Efficiency Improvement, Border and International connectivity roads, Coastal and Port connectivity roads and Green-field expressways.

    For more information, click here.

     

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  • What are key objectives of Bharatmala?

    Some key objectives of Bharatmala are:

    1. Improving connectivity in North East
    2. Seamless connectivity with Neighbouring countries
    3. Improvement in efficiency of existing corridors through development of Multimodal Logistics Park
    4. Delegation of powers to expedite project delivery - Phase I to complete by 2022
    5. Emphasis on the use of technology & scientific planning for project preparation and asset monitoring

    For more information, click here. 

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  • What are the different initiatives taken by the Govt. towards development of Highways in India?

    Some of the key initiatives taken by Ministry of Road Transport & Highways (MoRTH) are:

    1.    Bharatmala Pariyojna
    2.    Eastern Peripheral Expressway – Western Peripheral Expressway
    3.    Indian Bridge Management System
    4.   Toll-Operate-Transfer (ToT)
    5.    Planning of multi modal transport system
    6.    Green Highways Division in NHAI
    7.    Project Monitoring Information System (PMIS)
    8.    INAM-Pro+ launched
    9.    Bhoomi Rashi

    For more information, click here.

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  • What is the Green Highways (Plantation, Transplantation, Beautification & Maintenance) Policy? What are the benefits of adopting this policy?

    This is a Policy to promote greening of highway corridors with participation of the community, farmers, private sector, NGOs, and government institutions. Further, the policy provides comprehensive guidelines to ensure uniformity of operations pertaining to enhancement of highway landscapes. The community shall be benefited in terms of huge generation of employment opportunities, entrepreneurship development and  environmental benefits. Overall, adoption of the policy will contribute to economic development of the country and the local groups can access their rights to the non-timber produce from the trees.

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  • What are the Fiscal incentives provided by the Government in Road and Highway Sector?

    Fiscal incentives for the sector are as follows:
    1) 100% FDI through automatic route allowed subject to applicable laws and regulation.
    2) Right of way (RoW) for project land made available to concessionaires free from all encumbrances.
    3) NHAI/GOI to provide capital grant (Viability Gap Funding/Cash Support) up to 40% of project cost to enhance viability on a case to case basis.
    4) 100% tax exemption for five years and 30% relief for next five years, which may be availed of in 20 years.
    5) Duty free import of modern high capacity construction equipment.

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  • What roles did Government play in highway sector?

    National Highways Authority of India implemented the National Highways Development Project (NHDP) which is India’s largest ever Highways Project in a phased manner. Prime focus of NHDP was to ensure enhanced safety features, better riding surface, road geometry and traffic management, bypasses and wayside amenities, over bridges and underpasses etc.

    For more information, click here.

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  • What is the function of IN-SPACe?

    IN-SPACe, is responsible to promote, enable, authorize, and supervise various space activities of the NGEs that include, among others, the building of launch vehicles & satellites and providing space-based services; sharing of space infrastructure and premises under the control of DOS/ISRO; and establishment of new space infrastructure and facilities.

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  • What is the single window approval system in Space sector?

    Indian National Space Promotion and Authorisation Centre (IN-SPACe) a single-window, independent, nodal agency which functions as an autonomous agency in Department of Space (DOS) facilitates single window approvals in the space sector.

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  • What is NSIL?

    NSIL is the commercial arm of Indian Space Research Organisation (ISRO) with the primary responsibility of enabling Indian industries to take up high technology space related activities and is also responsible for promotion and commercial exploitation of the products and services emanating from the Indian space programme.

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  • What are industrial cluster of aerospace and where?

    Industrial clusters are a concentration of related or several industrial sites to aerospace that are grouped within proximity to one another. India has established several industrial clusters e.g. Salem aerospace cluster, Tamil Nadu and Belagavi Aerospace cluster, Aerospace and Innovation centre with IISc at Chitradurga, Devanahalli cluster and others.

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  • What has been the role of Non-Government Private Entities in developing the groundwork for sports in India?

    Private organizations for-profits and for non-profits have been playing instrumental role in funding, training, consulting and developing infrastructure through PPPs as well as independently. Capable corporate entities are actively partaking in evolving franchise-based leagues and sponsoring individual talents across the country.

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  • Why are the incentive schemes offered by the government for sports academies in India?

    India's high aspirations can be observed via TOPS (Target Olympic Podium Scheme). In pursuance of this target, the Sports Ministry had introduced an incentivization structure to extend monetary support to 500 private academies, through the Khelo India Scheme over the next four years starting FY 2020-21.
     

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  • What is the National Monetization Pipeline?

    The Union Budget 2021-22 envisioned the preparation of a National Monetization Pipeline to provide a direction to the monetization initiative and visibility of investors. The National Monetization Pipeline has been created to be co-terminus with the balance National Infrastructure Pipeline period, a 4-year period from FY2022 to FY2025.
     

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  • What are some top export destinations for Indian Sports Goods?

    India exports sports goods to the USA, China, Australia, Germany, the UAE, the UK, Netherlands, France, South Africa, Sweden, Canada, Belgium, Brazil, Chile, Denmark, and a total of more than 200 countries. During 2021-22, the USA, the UK, Australia, Canada, Germany, and Netherland were among the top importers of Made in India sports equipment.
     

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  • What is the Sports Goods Export Promotion Council (SGEPC) and what are its functions?

    The SGEPC is a Ministry of Commerce and Industry, Government of India sponsored organization established in 1958 that works towards the promotion of the export of Indian sports goods and toys. The council represents the leading manufacturers and exporters. The main activities of the SGEPC are trade promotion, trade events and fairs, information dissemination, export statistics tracking and projection. 
     

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  • What are some government initiatives for assisting the sports goods exports?

    • Market Development Assistance (MDA) and Market Access Initiative (MAI): These schemes works to assist the exporters in export promotion activities in the international markets by funding and capacity building assistance. Sports Goods have been enlisted as priority sectors under MAI scheme.
    • Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) is applicable for sports Goods exports will ensure that the exporters receive the refunds on the embedded taxes and duties previously non-recoverable.
       

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  • Which are the Key Industrial Clusters for sports goods manufacturing?

    Punjab and Uttar Pradesh are the Key Industrial Clusters with Jalandhar and Meerut accounting for 82% of the total production and hosting more than 3000 manufacturing units.
     

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  • How much FDI is allowed under telecom sector?

    100% FDI is allowed in the telecom sector under automatic route.

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  • What are the advantages of investing in telecom sector?

    Some key incentives for investors in the telecom sector are:

    1. Basic customs duty (BCD) and special additional duty have been withdrawn.
    2. Importers of mobile handset components such as chargers, adaptors, batteries and wired handsets need to pay only the countervailing duty of 12.5%.
    3. A duty advantage of 10.5% exists for local manufacturers of mobile speakers and batteries

     

     

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  • What are the government FDI policies for telecom sector?

    100% FDI is allowed in the telecom sector under the automatic route.

    For more information, click here [1] [2]

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  • List the admissible deductions.

    Deductions claimed on account of PSTN related call charges and roaming charges (Pass through charges/Interconnect Usage Charges) actually paid to eligible Telecom Service Providers and Sales Tax & Service Tax (if included in the Gross Revenue) actually paid to Government are admissible.'

    For more information, click here.

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  • What are Inter- Company/Group Company and Intra-Company/Group Company transactions?

    Inter-Company/Group Company transactions are those which occur between two separate legal entities e.g. transactions occurred between RCOM and RTL or transactions occurred between Vodafone Ltd and Vodafone South Ltd. are example of Inter-Company/Group Company transactions. Pass through charges between two legal entities may be routed through the bank only and not through mere ledger adjustment.

    Whereas, Intra-Company/Group Company transactions are those which occur within same legal entity e.g. transactions occurred between RCOM, Delhi and RCOM UP (East) or transactions occurred between Vodafone South Ltd, AP and Vodafone South Ltd., Karnataka are example of intra-Company/Group Company transactions.

    Please Note: Names of Companies used are for reference/illustration only.

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  • What are the documents required for verification of deductions by the CCA offices?

    The required documents are as follows-
    1) Covering letter with check list for submission of documents in prescribed proforma.
    2) Quarterly Statements of Revenue and Licence Fee (AGR).
    3) Photocopies of invoices duly signed by the Authorised Signatory.
    4) Payment proof duly signed by the Authorised Signatory.
    5) Certified copy of the ledger in case of Intra-Company settlement along with Annexure-AG.
    6) Certified copy of the statement of net settlement in Annexure-AO in case of Inter-Company settlement.
    7) Certified copy of Statement of part payments made in annexure – PP in case of part payments made due to billing disputes.
    8) Power of attorney by Authorised Signatory declaring that information and documents so provided are authentic and verified by the licensee.
    9) Power of attorney should be submitted with the concerned CCA offices.
    10) Complete Bank statements (with running page numbers) showing relevant payments of which 1st & last page (should not be blank) shall be signed by the Bank Authorities.
    11) At the end of the Financial Year, Audited quarterly statements of Revenue and Licence Fee (AGR).

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  • What is Export Promotion & Quality Assurance under Ministry of Textile?

    The Export Promotion & Quality Assurance Division carries out functions under various Sections of The Textiles Committee Act, such as conducting technical studies in the textile industry, Promotion of textile exports, Establishing, adopting and recognizing standard specifications for textiles and packing materials, Specifying the type of quality control or inspection needs to be applied to textiles, providing training on the techniques of quality control to be applied to textiles etc.

    For more information, click here.

     

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  • Is there any reliance on Migrant workers ?

    India has an abundant availability of skilled manpower. India has presence of world recognized education as well as training institute. India is the second largest non-native English speaking country. By, 2030 there will be additional 300 Mn workforce that will be added to the country and also, India has the youngest workforce to fuel the industry, the average age of the Indian workforce in 2022 is 28 years. Hence, there is no reliance on migrant workers in the textile industry.

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  • What are the segments eligible for capital subsidy under Technology Upgradation Fund Scheme (ATUF)?

    Capital investment subsidy will be available for entities in following segment:

    1. Weaving, weaving preparatory and knitting
    2. Processing of fibres, yarns, fabrics, garments and make up
    3. Technical textiles
    4. Garments/ made-up manufacturing
    5. Handloom sector
    6. Silk sector
    7. Jute Sector

    For more information, click here. 

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  • What is the export potential of the Textiles Sector in India and which are the top exporting destinations?

    Indian Textile Sector is the 3rd largest exporter of Textiles & Apparel in the world. India holds 4.6% share of the global trade in textiles and apparel, respectively, in FY 2021-22. India's annual textiles exports is expected to rise to US$ 100 Bn in the next five years from the current US$ 44.4 Bn in FY 2021-2022. Major textile and apparel export destinations for India are USA, EU-27 and UK, accounts for approximately 50% of India’s textiles and apparel exports.

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  • What is Amended Technology Upgradation Fund Scheme (ATUFS)?

    ATUFS is set up to incentivise production and employment in the garmenting sector. The scheme would facilitate augmenting of investment, productivity, quality, employment, exports along with import substitution in the country.

    For more information, click here.

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  • What are the major Garment Associations in India ?

    AEPC – Apparel Export promotion Council, https://www.aepcindia.com

    CITI - The Confederation of Indian Textile Industry, https://citiindia.org

    TAI – The Textile Association India, https://textileassociationindia.com

    TEA - Tiruppur Exporters Association, https://tea-india.org

    CMAI – The Clothing Manufacturers Association of India, https://cmai.in

    GEMA – Garments Exports & Manufacturers Association, https://www.gema.co.in

    NITRA – North India Textile Research Association, http://www.nitratextile.org

    SITRA – South India Textile Research