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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 National Automotive Board (NAB)?
National Automotive Board 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.
For more information, click here
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What is National Electric Mobility Mission Plan (NEMMP) 2020?
The National Electric Mobility Mission Plan 2020 (NEMMP 2020) is intended to provide the future roadmap, establish a common set of priorities, broad principles and framework for the adoption of the full range of electric mobility solutions. The initiative aims at enhancing national fuel security, provide affordable and environment-friendly transportation and enable the Indian Automotive Industry to achieve global manufacturing leadership.
For more information, click here
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What is NATrIPs (National Automotive Testing and R&D Infrastructure Project)?
NATrIPs is a unique joining of hands between the Government of India, a number of State Governments and Indian Automotive Industry to create a state of the art Testing, Validation and R&D infrastructure in the country. Presently there are 7 testing facilities finalised. They are:
a) GARC Chennai, Tamil Nadu.
b) iCAT Manesar, Haryana.
c) NATRAX Indore, Madhya Pradesh.
d) NCVRS Rae Bareli, Uttar Pradesh.
e) NIAMIT Silchar, Assam.
f) VRDE Ahmednagar, Gujarat.
g) ARAI Pune, Maharashtra.Was this helpful?
What is Automotive Mission Plan (AMP) 2016-2026?
Automotive mission plan 2016-2026 targets India to be among the top three in the world for engineering, manufacturing and export of vehicles & auto components. You can find more details about achievements, vision and targets on the portal, link.
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Which are the concerned government divisions/services for auto and auto-parts?
The Department 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 Department.
For more information, click here.
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For how long the incentives for the electric and hybrid vehicles of the FAME scheme are applicable?
The Union cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for implementation of scheme titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)' for promotion of Electric Mobility in the country from 2019-20 to 2021-2022
For more information, click here
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Is the FAME incentive applicable for multiple xEV purchases by a customer? Or is it possible to get subsidy for bulk orders on a single person’s name or on single company’s names?
Yes, an individual may buy multiple xEVs and avail the demand incentive applicable for each of them.
Please visit the link for more information.Was this helpful?
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.Was this helpful?
What is the Faster Adoption and Manufacturing of hybrid and Electric vehicles (FAME) scheme?
The FAME scheme introduced in April 2012 is 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.
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Is it necessary to sold sell old gasoline based vehicles to get subsidy under FAME India Scheme?
No, there is no such condition in the present guidelines.
For more information, please visit the following link.
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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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Are Electric and Hybrid Vehicles available in the market are safe to drive?
Demand incentive under FAME India scheme is available only to vehicles that are regulated by the Central Motor Vehicle Rules (CMVR) and meet other qualifying criteria laid out in the FAME scheme. As such these vehicles meet all the safety regulations as applicable in the country.
For more information, please visit the following link.
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Is the FAME incentive applicable throughout the country?
Presently scheme is applicable in selected areas like as notified separately broadly covering following cities:
a) Cities under ’Smart Cities’ initiatives.
b) Major metro agglomerations – Delhi NCR, Greater Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad.
c) All State Capitals and other Urban Agglomerations/Cities with 1 Million+ population (as per 2011 census)
d) Cities of the North Eastern States.
However, for 2 and 3 wheeler, scheme is applicable in entire country.
Please visit the link for more information.Was this helpful?
Why FAME scheme is not applicable throughout the country?
Phase I of the scheme is a sort of pilot project just to see the reaction of people to the electric and hybrid vehicles. If this phase is successful, in next phase, scheme will be applicable throughout the country.
For more information, please visit the following link.
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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.Was this helpful?
What is the Faster Adoption and Manufacturing of hybrid and Electric vehicles (FAME) scheme?
The FAME scheme introduced in April 2012 is 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.
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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.Was this helpful?
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 hereWas this helpful?
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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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.Was this helpful?
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 ProposalWas this helpful?
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 developmentWas this helpful?
Is a “Bill of Supply” to be issued by a bank for exempt services like interest on loans and advances, inter-se sale or purchase of foreign currency amongst banks?
As per clause (c) of sub-section (3) of section 31 of the CGST Act, 2017 read with Rule 49 of the CGST Rules, 2017, there is a requirement for issuance of bill of supply for supply of exempt services by Banks. It may be noted, however, that there is no need to issue a separate bill of supply in case any invoice or document has already been issued in accordance with the provisions of any other law. Further, in view of the provisions contained in sub-rule (5) of rule 54 of the CGST Rules, 2017, banks may issue any other document in lieu of bill of supply.
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Would services provided by banks to RBI be also taxable?
Yes. Services provided by banks to RBI would be taxable as these are not covered by any of the exemptions or excluded from the purview of GST under the CGST Act, 2017 or under the IGST Act, 2017.
For more information, click here.
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Is interest on debt instruments exempt from GST?
Yes. As debt instruments such as debentures, bonds etc. are in the nature of loans, interest thereon will be exempt from GST.
For more information, click here.
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Whether Banks are required to capture the details of ATMs in registration certificate as a ‘place of business’?
No. Banks are not required to provide the details of ATMs while applying for registration. For the purposes of registration, ATM on its own does not constitute a place of business, as defined in the CGST Act, 2017.
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Is it necessary for banks/ insurers to report the details of exempt and non-GST supplies in Table 8 of GSTR-1?
Yes. In the absence of any specific exemption to the banks/ insurers, the information is required to be provided in the said table.
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What is Health insurance?
The term health insurance is a type of insurance that covers your medical expenses. A health insurance policy is a contract between an insurer and an individual /group in which the insurer agrees to provide specified health insurance cover at a particular “premium”.
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What are the factors that affect Health Insurance premium?
Age is a major factor that determines the premium, the older you are the premium cost will be higher because you are more prone to illnesses. Previous medical history is another major factor that determines the premium. If no prior medical history exists, the premium will automatically be lower. Claim free years can also be a factor in determining the cost of the premium as it might benefit you with a certain percentage of the discount. This will automatically help you reduce your premium.
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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.
For more information, 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 .Was this helpful?
How can PPIs be loaded? Is there any limit on loading of PPIs by cash or electronic means?
PPIs can be loaded / reloaded by cash (not permitted in one type of Small PPI), debit to a bank account, credit and debit cards, PPIs (as permitted from time to time) and other payment instruments issued by entities regulated in India and in Indian Rupees (INR) only. The cash loading of PPIs is limited to ₹ 50,000/- per month subject to overall limit of the PPI (not permitted in one type of Small PPI). The limit on loading of PPIs via electronic / online means is subject to overall limit of the PPI. For more information, please click here.
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What is Unified Payments Interface?
Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties' bank accounts.
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Which are some of the key regulatory authorities that are working towards the development of the FinTech sector in India?
· RBI – RBI is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India, and regulates the banking and financial system, payment and settlement systems, the foreign exchange regime, and the currency system.
· SEBI – SEBI is the regulatory body for securities and commodity market in India under the jurisdiction of Ministry of Finance, Government of India, and regulates the securities market, including securities such as shares, scrips, bonds, debentures, commodities, mutual funds and government securities.
· IRDAI – IRDAI is a regulatory body under the jurisdiction of Ministry of Finance, Government of India and is tasked with regulating and licensing the insurance and re-insurance industries in India.
· IFSCA- The IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India.
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How long can a customer hold a Small PPI (with cash loading facility)?
A Small PPI (with cash loading facility) can be held for a maximum period of 24 months only. The 24 months shall be counted from the day of opening such a PPI. Within this period of 24 months, it has to be converted into a full-KYC PPI failing which, no further credit in such PPI shall be allowed. However, the PPI holder shall be allowed to use the available balance. For more information, please click here.
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What is IMPS?
IMPS is an innovative real time payment service that is available round the clock. This service is offered by National Payments Corporation of India (NPCI) that empowers customers to transfer money instantly through banks and RBI authorized Prepaid Payment Instrument Issuers (PPI) across India.
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What licenses are required for different activities in the FinTech sector?
For undertaking Banking services or Payments, clearing and settlement services or Lending services – certain licenses / approvals from the RBI will have to be taken. For more information in this regard, please visit https://www.rbi.org.in/.
For undertaking Securities trading activities, certain licenses / approvals will have to be taken from SEBI. For more information in this regard, please visit https://www.sebi.gov.in/
Depending on the nature of the Investment management / advisory services or Market Provisioning services, approvals may have to be taken from IRDAI or SEBI or RBI or other sectoral regulators.
Cloud-based information technology services may require approvals under the Information Technology Act, 2000 and/or Information Technology (Intermediaries Guidelines) Rules 2011 from the Central Government and/or the relevant Ministry, or other sectoral regulators.
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Does the Government offer any grants or fellowships to the students in the biotechnology division?
The Department of Biotechnology under the Ministry of Science and Technology offers various types of fellowships for students based on the level of education i.e. to encourage students who wish to pursue doctoral studies, post-doctoral studies. There is also an exchange programme between India and US in the field of biotechnology.
For more information, click here.
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Does BIRAC also support in any exchange programs of researchers with other countries?
Yes, BIRAC and Centre of Entrepreneurial Learning (CEL) of Judge Business School, University of Cambridge have initiated a partnership that enables five BIRAC supported applicants to take part in CfEL’s flagship intensive entrepreneurial boot-camp programme called “IGNITE”, which is aimed at providing academics (PhDs, post-docs and scientists) entrepreneurial opportunities to explore their innovative ideas and transform them into a business project. CfEL provides one week intense mentorship and training to the BIRAC supported candidates and for second week encourage them to interact and learn from the Cambridge’s entrepreneurial cluster.
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What is Grand Challenges India (GCI)?
Grand Challenges is a family of initiatives fostering innovation to solve key global health and development. In 2012, the Bill & Melinda Gates Foundation (BMGF) and the Department of Biotechnology (DBT) signed an umbrella Memorandum of Understanding (MOU) to collaborate on mission-directed research and build Grand Challenges India to support health research and innovation which is the GCI. Under the GCI, proposals are called under various relevant topics on innovative solutions to help expand the pipeline of ideas to develop new preventions, therapies and interventions in this sector.
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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.Was this helpful?
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 Technology Acquisition Fund Programme (TAFP)?
TAFP will provide financial assistance to Indian capital goods industry to facilitate acquisition of strategic and relevant technologies and also development of technologies through contract route, in-house route or JV.
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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.Was this helpful?
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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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.Was this helpful?
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.Was this helpful?
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.Was this helpful?
What are the documents to be submitted for the application on SCOMET Authorization?
The following documents need to be uploaded online while making the application:
i) End Use-cum-End User Certificate(s) (EUC) from all the firms/entities involved in the supply chain of the product(s) (to be furnished on their letter head duly signed by the authorised signatory).
ii) Copy(ies) of Purchase Order(s) of firm(s) involved in the supply chain of the item/product.
iii) Aayat Niryat Form (ANF)-1 (Profile of Exporter).
iv) Elaborate technical specification relating to item of export.
v) Copy(ies) of supply contract/agreement {if documents are bulky only the relevant portion containing contract reference and parties to the contract and the portion indicating the item(s) to be supplied and quantity thereof not exceeding 10 pages shall be uploaded).
vi) Copy of DGFT authorization letter for the same product, if any in case of application for repeat orders.Hard copy (Paper copy) of the following documents are required to be submitted to DGFT (HQ):
i) Original End Use-cum-End User Certificate (EUC).
ii) Copies of Bills of Entry into the destination country for items exported during the last one year.
For more details, please visit the following link.Was this helpful?
What is PCPIR?
Government of India has approved 4 Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) in the state of Andhra Pradesh (Vishakhapatnam), Gujarat (Dahej), Odisha (Paradeep) and Tamil Nadu (Cuddalore and Naghapattinam) to promote investment and industrial development in these sectors.
The PCPIR is envisioned to reap the benefits of co-siting, networking and greater effiencies through use of common infrastructure and support services. Each PCPIR is a specifically delineated region having an area of about 250 sq. km. wherein 40% of the area has to be for processing activities.
For more information, click here
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What are the restrictions on export of chemicals as per SCOMET list?
a. Export of Category 1A chemical is prohibited.b. Export of chemicals listed in Category 1B is permitted only to States party to the Chemical Weapons Convention after obtaining an authorization from DGFT. The list of State Parties to the Chemicals Weapons Convention (CWC) and countries which are not State Parties is available on the OPCW website link.c. Export of Chemicals in Category 1C is allowed to State Parties to the CWC without an export licence subject to the condition that the exporter shall notify within 30 days of export to the National Authority, Chemicals Weapons Convention, Cabinet Secretariat; the Ministry of External Affairs (D&ISA); the Department of Chemicals & Petro-chemicals, and the DGFT of such exports in the prescribed format (Aayat Niryat Form ) along with the End Use Certificate and submit to the DGFT a copy of the bill of entry into the destination State Party within 30 days of delivery. Export of chemicals in Category 1C to states not party to the Chemical Weapons Convention shall continue to be restricted and shall continue to be restricted and will be allowed only against an export licence and a Government signed EndUse-Certificate, and in that case also exporters shall submit to the DGFT a copy of the bill of entry into the destination country within 30 days of delivery.d. The sub-category 1D of SCOMET titled ‘Other Chemicals’ contains 25 AG controlled chemical precursors.
1. Export of chemicals in this category is allowed to countries specified in Table 1 (given in category 1D) without an export licence subject to the condition that the exporter shall notify within 30 days to specified departments
2. Export of chemicals in this category to other countries shall be restricted and will be allowed only against an export licence, and in that case the exporter shall submit to the DGFT a copy of the bill of entry into the destination country within 30 days of
delivery.
3. Countries in Table 1 include Argentina, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Republic of Korea, Latvia, Lithuania, Luxembourg, Malta, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom, United States.e. Notification no. 56(RE-2013)/2009-14 dated 12.12.2013 has been rescinded since the three chemicals covered in the notification are now included in Category 1D.For more information, please click here.Was this helpful?
What is Chemical Promotion Development scheme (CPDS)?
Chemical Promotion Development scheme is a government scheme with an objective of promoting and developing the chemical & petrochemical sectors by extending financial support for conduct of seminars, conferences, exhibitions, conducting studies/ consultancies, for facilitating growth, as well as analyzing critical issues affecting chemical and petrochemical sector.
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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.Was this helpful?
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 kind of real estate business activities are prohibited for foreign investment?
FDI is prohibited in real estate business, construction of farm houses and trading in transferable development rights (TDRs). Where “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 and regional level infrastructure, townships. 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 2017 at the following link.
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What is the harmonised Master List of Infrastructure Sub-sectors as notified by Government of India?
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 2017.
Foreign nationals can invest in India in most of the sectors of Indian economy as per conditions and investment limits specified under latest FDI Policy 2017 at the following link.
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What are the functions and duties of promoters under Real Estate (Regulation & Development) Act, 2016?
Functions and duties of promoters are clearly defined under RERA act:
1) The Act mandates that a promoter shall deposit 70% of the amount realised from the allottees, from time to time, in a separate account to be maintained in a scheduled bank. This is intended to cover the cost of construction and the land cost and the amount deposited shall be used only for the concerned project.
2) Withdrawal can only be made after it is certified by an engineer, an architect and chartered accountant in practice that the withdrawal is in proportion to the percentage of completion of the project.
3) The promoter is also required to get his accounts audited within six months after the end of every financial year by a practicing chartered accountant.
He will also have to get verified during the audit that:
i) The amounts collected for a particular project have been utilised for the project
ii) The withdrawal has been in compliance with the proportion to the percentage of completion of the project.Obligations of promoter are clearly defined under this act.
Restriction on transfer and assignment: The promoter shall not transfer or assign his majority rights and liabilities in respect of a project to a third party without obtaining prior written consent from two-thirds of the allottees, except the promoter and without the prior written approval of the Regulatory Authority.
Further details, please refer the link.Was this helpful?
What is Deendayal Antyodaya Yojana/National Urban Livelihoods Mission (NULM)?
National Urban Livelihoods Mission (NULM) was launched by the Ministry of Housing and Urban Poverty Alleviation (MHUPA), Government of India in 24th September, 2013 by replacing the existing Swarna Jayanti Shahari RozgarYojana (SJSRY).The NULM will focus on organizing urban poor in their strong grassroots level institutions, creating opportunities for skill development leading to market-based employment and helping them to set up self-employment venture by ensuring easy access to credit. The Mission is aimed at providing shelter equipped with essential services to the urban homeless in a phased manner.
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What is Real Estate (Regulation & Development) Act, 2016?
The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016. The key highlights of the act are:
1) Mandatory to register with Real Estate Regulatory Authority (RERA) for all commercial and residential real estate projects where the land is over 500 square metres, or eight apartments for launching a project, in order to provide greater transparency in project-marketing and execution.
2) Registration of Real estate agents who facilitate selling or purchase of properties with RERA
3) Establish state-level Real Estate Regulatory Authorities (RERAs) to regulate transactions related to both residential and commercial projects and ensure their timely completion and handover.
4) Upon receipt of an application by the promoter, the Regulator Authority shall within a period of 30 days, grant or reject the registration. If the Regulatory Authority fails to grant or reject the application of the promoter within the period of 30 days, then the project shall be deemed to have been registered.
5) The registration, if granted, will be valid until the period of completion of the project as committed by the promoter to the Regulatory Authority. Extension by one year only due to force majeure and on payment of fee.
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What are various components of NULM?
The following are the 7 components of NULM:
1) Social Mobilization and Institution Development (SM&ID).
2) Employment through Skills Training and Placement (EST&P).
3) Capacity Building and Training (CBT).
4) Self-Employment Programme (SEP).
5) Scheme of Shelter for Urban Homeless (SUH).
6) Support to Urban Street Vendors (SUSV).
7) Innovative and Special project (ISP).Was this helpful?
Who can raise money through Infrastructure Investment Trusts (InvITs)?
Following are the qualifications for Sponsor(s) of raising Infrastructure Investment Trusts (InvITs)
1) Net worth of at least $ 15.38 mn in case of body corporate or a company or net intangible assets of $ 15.38 mn in case of a Limited Liability Partnership (LLP).
2) Minimum experience of at least five years and has completed at least two projects.
For further details, please refer to this link.Was this helpful?
What is the support provided to Urban street vendors under NULM?
NULM aims at skilling of street vendors, support for micro-enterprises development, and their credit enablement. It also supports development of vendor market, vending zone & informal sector markets with infrastructure/civic facilities such as paving, water supply, solid waste disposal facility, lighting, storage space etc.
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Who can raise money through Real Estate Investment Trusts (REITs)?
Following are the qualifications for Sponsor(s) of raising Real Estate Investment Trusts (REITs):
1) Minimum holding of 5% of total units of REIT with a maximum of 3 sponsors.
2) Net worth of at least $ 15.385 mn on consolidated basis and $ 3.077 mn on individual basis.
3) Minimum experience of 5 years in real estate industry for each sponsor and where sponsor is a developer, at least 2 projects of sponsor should be completed.
For further details, please refer to this link.
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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 $ 5.12 million (INR 25.51 crores) has been received in the country till September 2017 (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 defence sector overview in recent times?
The Achievement report of the defence sector covering policy initiatives, R&D and other important areas can be accessed on the link.
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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).Was this helpful?
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:
- 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.
- 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.
- Preferential Market Access (PMA)- Preference to domestic manufacturers in Government procurement to promote domestic manufacturing in the country.
- 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.
- 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.
- 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)
- 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 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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.Was this helpful?
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.
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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:
- 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.
- 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.
- Preferential Market Access (PMA)- Preference to domestic manufacturers in Government procurement to promote domestic manufacturing in the country.
- 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.
- 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.
- 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)
- 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 much grant-in-aid is provided for value addition and processing infrastructure under Scheme for Cold Chain, Value Addition and Preservation Infrastructure under PMKSY?
For value addition and processing infrastructure including frozen storage/ deep freezers associated and integral to the processing, grant-in-aid @ 50% for General Areas and @ 75% for North East States, Himalayan States, ITDP Areas & Islands, will be provided
For more information, please click here
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Whether single railway receipt, which is being issued against transport of crops by few farmers together, can be accepted as supporting documents for subsidy claim under Operation Greens scheme?
Usually entire rack consisting of 40 wagons is booked by one party, which aggregate the crops from different transporting parties. Railway allows only one name for sender and therefore, only one name for consignee appears in Railway Receipt. In such case, we can accept the claim with the following supporting documents:
- Agreement/MoA between the applicant and the consignee as per RR showing the crops details, proportionate payment towards railway freight, including bank details;
- Transaction voucher – Demand raised by consignee as per RR to the applicant for payment of proportionate freight amount;
- Bank Statement showing payment to consignee as per RR;
- Duly counter signed copy of RR (signed by Consignee & Applicant, both)
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What is the Trigger Price for intervention under the Operations Green Scheme?
Price in the notified production clusters meets any one of the following conditions:
- Prices fall below preceding 3 years’ average market price at the time of harvest;
- Prices fall more than 15% compared to last year market price at the time of harvest;
- Prices fall less than the benchmark price for procurement, if any, fixed by the State/Central Government for a specified period
Trigger price is higher of these three prices and it is the price at or below which the crops are being sold in that production clusters. The actual purchase price should be equal to or less than the trigger price for being eligible for subsidy. The list of eligible crop, production cluster and trigger price is available here.
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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 National Livestock Mission?
National Livestock Mission is an initiative of the Ministry of Agriculture and Farmers Welfare. The mission, which commenced from 2014-15, has been designed with the objective of sustainable development of the livestock sector.
NABARD is the subsidy channelizing agency under Entrepreneurship Development & Employment Generation (EDEG) component of National Livestock Mission. This includes:
1) Poultry Venture Capital Fund (PVCF).
2) Integrated Development of Small Ruminants and Rabbit (IDSRR).
3) Pig Development (PD).
4) Salvaging and Rearing of Male Buffalo Calves (SRMBC).Was this helpful?
Whether part payment of transporter and part payment to truck owner towards transportation charge is admissible under the Operation Greens Scheme?
Yes, provided the transport invoice can establish the relationship between the two i.e., transporter and transport owner and both payments are made through banking channel.
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How much grant-in-aid is provided for irradiation facilities under Scheme for Cold Chain, Value Addition and Preservation Infrastructure under PMKSY?
For irradiation facilities grant-in-aid will be provided @ 50% for General Areas and @ 75% for North East States, Himalayan States, ITDP Areas & Islands
For more information, click hereWas this helpful?
Whether names and Aadhar number of each and every farmer from whom crop has been procured is to be entered into the Online Application Form (under Operation Greens scheme)?
Applicant can enter the details of major 10 farmers and upload the list of farmer’s detail on the Online Application Form as pdf file
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From whom should the crops be procured by the eligible entities under Operations Green Scheme?
Procurement to be made directly from farmers, FPO/FPC, Co-operative Society or Licensed Commission Agent and payment should be made only through banking channel.
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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 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.Was this helpful?
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).Was this helpful?
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?
Vision 2022 envisions to increase the total quantity of milk handled and sold by the organized sector (cooperatives & private sector). Under the project, milk handling by the private sector is targeted to increase from 10% to 30%. It also aims to double milk producers’ income at farm level by 2021-22 by increasing access to the private 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.
Was this helpful?
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 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 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 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) YogaWas this helpful?
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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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.Was this helpful?
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 BPMFor 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 is PayGov?
Dept. Of Electronics and Information Technology (DeitY), Govt. of India has collaborated with NSDL Database Management Limited (NDML) for providing a centralized platform for facilitating all Govt. departments and services to collect online payments from Citizens for Govt. services. This platform is titled as ‘PayGov’. PayGov is a ready infrastructure with approved transaction costs which can be used to provide online payment services to citizens.
For more details on NDML please refer the link.Was this helpful?
What is VPA?
A Virtual Payment Address (VPA) is an address which uniquely identifies a person's bank a/c. For instance, the Virtual Payment Address for BHIM customers is in the format xyz[at]upi. User can just share his VPA with anyone to receive payments (no need for bank account number/ IFSC code, etc.). User can also send money to anyone by using their Payment Address.
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What is the objective of Cyber Surakshit Bharat Programme?
The objective of the programme is to educate & enable the Chief Information Security Officers(CISO) & broader IT community to address the challenges of cybersecurity.
i)Create awareness on the emerging landscape of cyber threats.
ii)Provide in-depth understanding on key activities,new initiatives,challenges and related solutions.
iii)Applicable frame works,guidelines & policies related to the subject.
iv)Share best practices to learn from success & failures.
v)Provide key inputs to take informed decision on Cyber Security related issues in the irrespective functional area.
For further details please access following link.Was this helpful?
What is E-district?
The e-District Mission Mode Project (MMP) is envisaged to strengthen the district administration of the state by providing ICT support to the participating departments and district administration in terms of providing centralized software application for selected category of citizen services and training for staff of the departments with a view to improve delivery of the citizen services being rendered by these departments. Services developed under e-District project would be delivered through various delivery channels like:
i) Direct access by Citizens through e-District portal as a registered user.
ii) Existing Atal Jana Snehi Kendra's / B1 / K1 service centres.
iii) Common Service Centres (To be established uptoGrama Panchayat Level).For further details please access following link.
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What is the eligibilty criteria of ILDP Scheme?
All existing units in leather and leather products, including tanneries, leather goods, saddlery, leather footwear and footwear components sector having cash profits for 2 years, undertaking viable and bankable programmes on technology up-gradation on or after 29th August 2008 are eligible for assistance.
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What is Central Sector Scheme Indian Leather Development Programme (ILDP)?
The scheme is aimed at enabling existing tanneries, footwear, footwear components, and leather products units to upgrade leading to productivity gains, right-sizing of capacity, cost cutting, design and development simultaneously encouraging entrepreneurs to diversify and set up new units in the areas.
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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.Was this helpful?
What is IDLS?
IDLS sub-scheme proposes to incentivize investment and manufacturing including job creation by providing backend investment grant/subsidy @ 30% of the cost of new plant and machinery to micro, small and medium enterprise and @ 20% of the cost of plant and machinery to other units for modernization/technology upgradation in existing units and also for setting up of new units. The proposal under this sub-scheme is to incentivize 1000 units in leather, Footware and Accessories & Components sector during the three years with proposed outlay of $ 65.38 mn.
For further details please access following link.Was this helpful?
What are the subschemes under IFLADP?
The following are the subschemes that would be implememted under IFLADP during 2017-2018 to 2019-2020
i) Human Resource Development (HRD)
ii) Integrated Development of Leather Sector (IDLS)
iii) Establishment of Institutional Facilities
iv) Mega Leather, Footwear and Accessories Cluster (MLFAC)
v) Leather Technology, Innovation and Environmental
vi) Promotion of Indian Brands in Leather, Footwear and Accessories
vii) Additional Employment Incentive for Leather, Footwear and Accessories sector
For further details please access following linkWas this helpful?
What is the Leather sector overview of India?
India is the second largest producer of footwear and leather garments in the world and accounts for 13% of the world's leather production of hides/skin. An overview of the sector can be accessed from the Achievement report on the link.
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What are the major initiatives undertaken by the government in recent times in the leather sector?
Indian Leather Development Programme:
1. One of the major activities under Indian Leather Development Programme is to provide placement linked skill development training to unemployed youth.
2. Provide employment through well planned training in leather and footwear industry.
3. For augmentation of institutional infrastructure, assistance has been provided for establishment of two new branches of Footwear design and development Institute (FDDI) at Banur (Punjab) and Ankleshwar ( Gujarat).
4. Approval has been given for setting-up Mega leather Cluster (MLC) at Nellore, Andhra Pradesh.Was this helpful?
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.Was this helpful?
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.Was this helpful?
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.Was this helpful?
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.Was this helpful?
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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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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- Expenditure incurred on new Plant, Machinery, Equipment and Associated Utilities
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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Will used machinery be allowed under the calculated Investment under the threshold Investment?
Used / Refurbished machinery will not be counted in the investment calculation under the threshold.
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Who are all the responsible authorities for the Scheme?
- Project Management Agency (PMA)
- Project Management Agency (PMA) will be nominated by Department of
- Pharmaceuticals for providing secretarial, managerial and implementation support to DoP for effective implementation of the Scheme.
- Technical Committee (TC)
- Technical Committee, constituted by the DoP and experts having knowledge and experience in regulations, manufacturing of medical devices and R&D of medical devices will assist in technical matters referred to by the DoP & SSC.
- State Implementing Agency (State Implementation Agency)
- State Implementing Agency (SIA), a legal entity shall be set up by the State Government to implement the Medical Device Park Project.
- Scheme Steering Committee (SSC):
- Proposals under the Scheme will be approved by the Scheme Steering Committee (SSC). The committee will comprise of:
- Secretary, DoP - Chairperson
- Financial Adviser, DoP - Member
- Joint Secretary, Ministry of Environment, Forest and Climate Change -Member
- Joint Secretary, Department for Promotion of Industry and Internal Trade -Member
- Joint Secretary, Department of Health and Family Welfare — Member
- DCGI, Central Drug Standard Control Organization - Member
- Joint Secretary (Policy), DoP - Convenor
- Proposals under the Scheme will be approved by the Scheme Steering Committee (SSC). The committee will comprise of:
- State Government
- Responsible for the submission of the Project Report and other information pertaining to the Medical Device Parks.
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- Project Management Agency (PMA)
How are the applications for the scheme to be submitted?
All applications will be submitted through an online portal maintained by the Project Management Agency (PMA). In case, the portal is not available; applications may be submitted in physical form to the PMA. The URL of the online portal will be made available on the website of the DoP.
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What is the evaluation Criteria for selection of state under the Parks Scheme?
Score will be given to a state based on 11 parameters. The top 4 states will be selected for incentives under the parks scheme. The Evaluation Criteria is as follows:
S. No. Parameter Maximum Marks 1 Utility charges 25 2 State Incentive Infrastructure 12 3 Connectivity of the Park 12 4 Lease rate 10 5 Total area of the proposed park 10 6 Uninterrupted 24*7 availability 7 7 Stamp Duty and Registration charges 5 8 Ease of Doing Business Ranking of the State 5 9 Availability of Technical Manpower 5 10 Presence of Institutes for technology transfer 5 11 Industrial Network 4 Was this helpful?
What is the regulatory environment for medical devices in India as per 'New Medical Devices Rules'?
The Ministry of Health and Family Welfare on Thursday notified Medical Devices Rules, 2017, which are in conformity with Global Harmonisation Task Force (GHTF) framework. The rules have come into effect from 1 January 2018.
The rules have been drafted with the intention to distinguish medical devices from pharmaceuticals for improved and well-defined regulation. The key highlights of the rules are:
1) Redefining ‘medical devices’, making it more comprehensive and easy to comprehend.
2) Introduction of risk-based classification system for class-wise regulation.
3) Single window clearance (online portal) for applications for import, manufacture, sale or distribution and clinical investigation.
4) Establishment of product standards for medical devices for being conformed.
5) Rationalization of timelines for obtaining licenses required to market medical devices.
6) Consolidation of registration certificate and import license into a single license.
7) New regulatory framework for clinical investigation of medical device.Was this helpful?
How will the incentive be calculated?
The incentive applicable for a selected applicant will be computed as follows:
Net Incremental Sales of Eligible Product(s) x Rate of Incentive
Where:
- Eligible Product(s) means the products stated in the approval letter.
- Incremental Sales shall be Net Sales Turnover of Eligible Product(s) for the period of which claim for disbursement of incentive pertains minus the Net Sales Turnover of said Eligible Product(s) for the base year.
- In case of return of Sales of Eligible Product(s), the Gross Sales Turnover shall be reduced by the amount corresponding to such return of sales. If the corresponding sales have been considered for claim processing for the earlier period, the sales return shall be adjusted with Gross Sales Turnover for the period in which the actual sales return takes place.
- Rate of incentive: 5%
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What are the key functions of the Ministry of Mines?
Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gases, petroleum, atomic minerals for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel etc. Also, the administration of the Mines and Minerals (Regulation and Development) Act, 1957 in respect to all mines and minerals other than coal, natural gas and petroleum comes under Ministry of Mines duties
For more information, click here.
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Who has the authority to grant mining license?
Mineral Resources Department & respective State Government is empowered to sanction Prospecting License/Mining Lease.
For more information, click here.
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What is the schedule of charges for Mining Leases?
Schedule for Mining Leases is as follow
- For public sector organisation and private parties - INR. 15,000
- For State Govt. agencies - INR. 7,500
- For sale outside India to foreign buyers - US $ 881
- INR. 1.50 per mining lease record subject to minimum charge of INR. 200 per district and per mineral.
For more information, click here.
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What are the precautions to be taken for filing applications for obtaining Mineral Concessions?
The application must be filled within the prescribed format as per Mineral Concession Rule 2016. Entries must be complete in all respect and should be supported with documentary evidences as per the Rule.
For more information, click here.
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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?
- Coal & Lignite: 100% FDI is allowed under automatic route
- Mining and exploration of metals and non-metals ores: 100% FDI is allowed under automatic route
- 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).Was this helpful?
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.Was this helpful?
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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Whether TIN number under VAT would be abolished? What will be the rate of GST on 5 KG FT cylinder?
1) TIN number under VAT to the extent of 5 specified petroleum products will be continued.
2) GST Rate on on domestic supply of LPG will be 5% and for purposes other than domestic it will be 18%.Was this helpful?
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 are the target segments and respective eligible products covered under PLI Scheme?
Target Segment shall mean one of the four segments viz.:
- Key Fermentation based KSMs / Drug Intermediates
- Niche Fermentation based KSMs / Drug Intermediates / APls
- Key Chemical Synthesis based KSMs / Drug Intermediates
- Other Chemical Synthesis based KSMs / Drug Intermediates/ APls
Eligible Products:
Product manufactured in India and included in the 'List of Eligible Products' in Appendix A of the Guidelines. There are 41 eligible products for which the Scheme is proposed covers the 53 APIs that have bene approved by Government.
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We are a newly formed company in FY 2020-2021 in the Category 2 API/ Intermediates. Most likely our commercial production is going to kick off in the current financial year 2021-2022. Since this PLI Scheme have the base year as FY 2019-2020 for computing GMR and incremental sales we will not have be having the same. We do not have any parent company with a similar business. Ours is a newly formed company. We will fall under Group C – MSME. Are we eligible on the basis of proposed investment to apply in PLI Scheme? We will be incurring on Machinery, Equipment, product registration, R&D, Building, associated infrastructure etc. How the incentive in our case will be computed?
GMR is nil in your case, however, the Operational Guidelines does not specify a lower limit for GMR. Hence you will be eligible to apply for the Scheme under Group C. However, several selection criteria involve historical data of the applicant/ group companies, on which final ranking and selection would be done. In case you are selected, all base year data will be taken as Nil, and incentive calculations will be made on the basis of that, subject to meeting other criteria of investment and sales achievement in the years between FY 2021-22 to FY 2027-28.
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What are considered in ‘Preferred Products’?
The preferred products are those APls/DIs/KSMs for which the country is majorly dependent on imports. A list of such products is provided in Appendix 2 of the detailed Guidelines released by DoP.
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Contract Development and Manufacturing Organizations (CDMOs) – Applicant manufactures certain products as CDMO, can such products be included in the application for PLI. Are such products eligible for incentives?
In case the Applicant is the CDMO and manufacturing eligible products under the arrangement, and the sales is booked in the P&L account of the Applicant, as certified by Statutory Auditor, then the sales shall be considered for the purpose of incentives.
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What is the objective of the Pharmaceutical Promotion Development Scheme?
The objective of Pharmaceutical Promotion Development Scheme (PPDS) is promotion, development and export promotion in Pharmaceutical sector by extending financial support for conduct of seminars, conferences, exhibitions, mounting delegations to and from India for promotion of exports as well as investments, conducting studies/ consultancies for facilitating growth, exports as well as critical issues affecting Pharma sector.
For more information, click here.
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Can the company be 100% foreign-owned or is 51% share by a local required (under PLI Scheme)?
There is no restriction in the foreign ownership under the PLI Scheme for Bulk Drugs.
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What about product mix changes - Policy gives limited number of changes to be allowed. Market dynamics may force to reconsider product mix in the investment site.
The policy has considered the same and has allowed change of products to the extent of five times vide clause 7.2.2 of the Operational Guidelines.
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What is the eligibility for selection under PLI Scheme?
- Eligibility for selection
- The project shall be a greenfield project as defined under the guidelines.
- The Net Worth of the Applicant (including that of Group Companies), as on the date of application, shall not be less than 30% of the total committed investment. The Applicant not meeting the said Net Worth criteria shall not be eligible.
- The proposed Domestic Value Addition (DVA) by the applicant shall be at least 90% in case of fermentation based product and at least 70% in case of chemical synthesis based product.
- The applicant should not have been declared as bankrupt or wilful defaulter or defaulter or reported as fraud by any bank or financial institution or non-banking financial company.
- Eligibility for incentive
- A selected applicant must meet both the eligibility criteria of committed investment and minimum annual production capacity as given in Appendix B of these guidelines.
- A selected applicant will have to separately meet the above eligibility criteria of minimum annual production capacity and committed investment for each of the eligible products, for which approval has been granted under the Scheme.
- In case, the committed annual production capacity is more than minimum annual production capacity as given in Appendix B, the selected applicant shall have to complete the installation of committed annual production capacity and make committed investment, as stated in the approval letter, in order to be eligible to claim incentive.
- The applicant shall have to achieve minimum stipulated DVA as per Clause 4.1.3 (90% for fermentation based product and 70% for chemically synthesis based products) for a claim period in order to remain eligible for receiving incentive for that claim period, subject to relaxation given in Clause 4.2.5
- If the DVA achieved for any particular claim period is between 80% to 90% in case of fermentation based product and between 60% to 70% in case of chemical synthesis based product, the applicant will get 50% of the eligible incentive. This relaxation would be available for a period of 12 months only (one claim period of 12 months or any two claim periods of 6 months) during the tenure of the Scheme.
- If the incentive availed by an applicant for any financial year, for any reason, is less than the maximum available incentive for that applicant in that financial year, the applicant shall not be entitled to claim the differential amount in subsequent financial years.
- Eligibility under the Scheme shall not affect eligibility under any other scheme and vice versa.
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- Eligibility for selection
If there are two entities in the same group company (parent-subsidiary) where parent qualifies under Group A and subsidiary qualifies under Group B basis its products and standalone revenues and basis the total GMI and R&D expenditure of the parent & subsidiary taken together, subsidiary may qualify under Group A. In such a scenario, can the subsidiary make an application under Group B and comply with the minimum cumulative investment and threshold net incremental sales for required for Group B?
Grouping of the applicants under the scheme (A/ B/ C) would be based on the GMR as defined in clause 2.12 of the operational guidelines and the applicant would continue to remain in the same group (A/ B/ C) during the entire tenure of the scheme. Once the group of any applicant is decided as above, the applicant will have to comply with necessary parameters (selection parameters as defined in Clause 4 and incentive criteria as defined in appendix B) pertaining to that group.
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What are the mandated specifications of the Bulk Drug Park under the Scheme?
- Maximum grant-in-aid for one bulk drug park will be limited to Rs 1000 crore
- The proposed park shall not be less than 1000 acres in area. For North Eastern States and Hilly States (i.e. Himachal Pradesh, Uttarakhand, UT of Jammu & Kashmir and UT of Ladakh), the area of proposed park shall not be less than 700 acres.
- At least 50% of the total area of the Bulk Drug Park shall be made available for allotment to individual bulk drug units.
- Formulation units shall not be permitted in the Park.
- The State Government should identify a suitable location for establishment of bulk drug park keeping in mind various factors viz, environmental pollution, assured availability of power, assured availability of water, transport connectivity with railways, national highway, port, airport, etc. The identified location should be well away from eco-sensitive zone of protected areas.
- The proposer State shall submit an undertaking that it shall not increase the land lease rent and utility charges, as declared in the proposal, beyond 5% per annum, for the next 10 years.
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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.Was this helpful?
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.Was this helpful?
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.Was this helpful?
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.Was this helpful?
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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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.Was this helpful?
What is dedicated freight corridors?
It is a broad gauge freight corridor under construction in India by Indian Railway. There are 2 corridors in the country, i.e. the Western and Eastern freight corridors.
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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 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 do you mean by Diamond Quadrilateral in Indian Railways?
The Diamond Quadrilateral railway project has the mandate to develop high speed rail network across several metros of India. So far 6 corridors have been identified.
These are:
1) Delhi-Mumbai.
2) Mumbai-Chennai
3) Chennai-Kolkata
4) Kolkata-Delhi and both diagonals i.e.
5) Delhi-Chennai.
6) Mumbai-Kolkata routes.For more information, click here.
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What are the initiatives taken by the Indian government for the railways sector?
The following reforms have been announced for the railway sector in the Union Budget 2017-18:
1) The GoI will provide INR 55,000 crore ($ 8.25 bn) towards capital and development expenditure of Railways.
2) A fund named Rashtriya Rail Sanraksha Kosh worth Rs 100,000 crore ($ 15 bn) will be created, which will be directed towards passenger safety.
3) All the coaches of the Indian Railways will be fitted with bio toilets by the year 2019.
4) Railway lines of 3,500 kms will be commissioned in 2017-18.Was this helpful?
What are the investment opportunities available in railways sector?
The investment opportunities are available in the following areas:
1) Components manufacturing.
2) Infrastructure projects.
3) High speed train projects.
4) Railway lines to and from coal mines and ports.
5) Projects relating to electrification, high-speed tracks and suburban corridors.
6) Dedicated freight corridors.
7) The re-development of railway stations.
8) Power generation and energy-saving projects.
9) Freight terminals operations.
10) Setting up of wagon, coaches and locomotive units.
11) Gauge conversion.
12) Network expansion.Was this helpful?
In which projects foreign investments is permissible under railways sector?
100 % FDI under automatic route is available for the following:
1) Construction, operation and maintenance of suburban corridor projects through PPP.
2) High speed train projects.
3) Dedicated freight corridors.
4) Railway electrification.
5) Signalling systems.
6) Freight terminals.
7) Passenger terminals.
8) Infrastructure in industrial parks pertaining to railway line/siding including electrified railways lines and connectivity to main railway line.
9) Mass Rapid Transport Systems (MRTS).Was this helpful?
What is national railway plan?
The Government of India is going to come up with a ‘National Rail Plan’ which will enable the country to integrate its rail network with other modes of transport and develop a multi-modal transportation network.
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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 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. BiofuelsWas this helpful?
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.Was this helpful?
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 systemsFor 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:
- Hydrogen Energy
- Chemical Sources of Energy (Fuel Cells)
- Battery Operated Vehicles
- Geo Thermal Energy
- Ocean Energy
- 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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How much FDI is allowed under single brand product retail?
100% FDI is allowed under single brand product retail via automatic route.
For more information, click here.
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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.inWas this helpful?
Are only products retailed in India counted towards local sourcing under requirements for a Single Brand Retail Trader under FDI Policy?
For the purpose of meeting local sourcing requirements, all procurements made from India by the SBRT entity for that single brand shall be counted towards local sourcing irrespective of whether the goods procured are sold in India or exported.
For any further queries, please write to us at retail@investindia.org.in
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Are there any legal requirements regarding apparel labelling?
There are legal labelling requirements regarding garments in loose form in retail stores, which can be found below through the Legal Metrology Rules, 2011.
- Name or Description of Product
- Size: Internationally recognizable size indicators - S, M, L, XL, etc. along with the details in metric notation in terms of cm or m as the case may be. Alternatively, the words ‘TO FIT SIZE’ instead of only ‘Size’ on the label may be used.
- Maximum Retail Price
- Name, full address and customer care number of the manufacturer
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Can e-commerce marketplaces offer services to sellers hosted on its website?
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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Are goods procured from Special Economic Zones counted against local sourcing requirements of Single Brand Retail Trade (SBRT) under FDI Policy?
Yes, sourcing goods from units located in Special Economic Zones in India will qualify as sourcing from India for the purpose of 30% mandatory sourcing of goods for proposals involving FDI beyond 51% under SBRT
For any further queries, please write to us at retail@investindia.org.in
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Are there any required approvals and licenses or registrations that need to be procured in order to import apparel or other retail goods?
Approval or licensing requirements depend on the product proposed to be imported to India. Further, in the case of proposed foreign investment, compliance with relevant provisions of the FDI Policy 2017 will have to be ensured.
Additionally, any person interested in importing goods into India must follow certain rules and guidelines as laid down by The Companies Act 2013, RBI guidelines etc. They must pay GST, Income Tax and other taxes as per state ruling.
The Directorate General of Foreign Trade (DGFT) issues Import Export (IE) Codes which are required for importing or exporting goods. The issued IE Codes can be used by the entity throughout its existence and don't require any renewal or filing.
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Does India have a retail policy?
The Government has proposed formulation of a National Retail Trade Policy, and the stakeholder meetings associated with its formulation are ongoing
For any further queries, please write to us at retail@investindia.org.in
For more information click here
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Can companies with foreign direct investments sell through standalone stores in India?
Under the Single Brand Retail Trade (SBRT) model under the FDI Policy, international retailers that enters India can sell through their stand-alone stores in shopping locations/streets. Examples of Companies: H&M (CP Street, New Delhi), IKEA (Hyd, Telangana)
For any further queries, please write to us at retail@investindia.org.in
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Where can I find regulations in 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.
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Are we allowed to sell products of a sub brand if we have a Single Brand Retail Trade (SBRT) license?
No, any addition to the product/product categories to be sold under 'Single Brand' would require a fresh approval of the Government.
For more information, click here.
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Describe the term wholesale cash and carry as per the Foreign Direct Investment policy.
Cash & Carry Wholesale trading/Wholesale trading, would mean sale of goods/merchandise to retailers, industrial, commercial, institutional or other professional business users or to other wholesalers and related subordinated service providers.
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.Was this helpful?
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 scope of Pradhan Mantri Gram Sadak Yojana (PMGSY), ?
The Pradhan Mantri Gram Sadak Yojana (PMGSY), was launched by the Govt. of India to provide connectivity to unconnected Habitations as part of a poverty reduction strategy.
For more information, click here.
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Does the road and highway sector provide any tax benefits post GST?
Few tax benefits post GST in the Roads & Highway sector are:
- Interstate check posts removed, travel time of long-haul trucks, other cargo vehicles cut by at least one-fifth
- Rate for all goods expected to be in the range of 18%
- Logistics cost down to 10-12% of total value of goods
For more information, click here.
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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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How much FDI is allowed under telecom sector?
100% FDI is allowed in telecom sector (of this upto 49% is allowed through the automatic route and beyond 49% under government route).
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What are the advantages of investing in telecom sector?
Some key incentives for investors in the telecom sector are:
- Basic customs duty (BCD) and special additional duty have been withdrawn.
- Importers of mobile handset components such as chargers, adaptors, batteries and wired handsets need to pay only the countervailing duty of 12.5%.
- 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 telecom sector. 49% is allowed through the automatic route.
For more information, click here.
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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).Was this helpful?
What does the MSS Scheme stands for?
MSS stands for Marketing Support & Services scheme. The Scheme has been introduced to promote and provide financial assistance to artisans to participate in domestic and international craft exhibitions/seminars in metropolitan cities/state capitals / places of tourist or commercial interest/other places.
For more information, click here.
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What is the R&D Scheme introduced by the Government?
Research and Development scheme was introduced to conduct surveys and studies of important crafts and make in-depth analysis of specific aspects and problems of Handicrafts in order to generate useful inputs to aid policy Planning, fine tune the ongoing initiatives and to have independent evaluation of the schemes implemented by this office.
Following activities will be under taken during the 12th Plan:
i) Survey & Studies on different topics.
ii) Financial assistance for preparation of legal, para legal, standards, audits and other documentation leading to labeling/certification.
iii) Financial assistance to organizations for evolving, developing a mechanism for protecting crafts including languishing crafts, design, heritage, historical knowledge base, research and implementation of the same enabling the sector/segment to face challenges.
iv) Conducting Census of Handicraft artisans of the country.
v) Registration of Crafts under Geographical Indication Act & necessary follow up on implementation.
vi) Assisting handicrafts exporters in adoption of global standards and for bar coding including handicrafts mark for generic products.
vii) Financial assistance for taking up problems/issues relating to brand building and promotion of Indian handicrafts.
viii) Conducting of Workshops/Seminars on issues of specific nature relating to handicrafts sector.
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What is ISO 9000 and for whom it is applicable?
International Organization for Standardization evolved ISO 9000 series of standards in 1987. These are quality assurance system standards. First revision came in July 1994 and second revision on 15 December 2000. Henceforth, there will be only one standard i.e. ISO-9001:2000. These standards are customer oriented and focus on customer satisfaction by fulfilling the customers’ requirements. These are applicable to any manufacturing or servicing organization. Hence, these are the product neutral standards. These can be adopted by any organization be it large, medium, small, limited company, private limited company, partnership firms and proprietorship firms.
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What is Market Research Department in Textile Committee?
Market Research Department is one of the functional departments of the Textiles Committee dealing with the activities of Textile Economic Research. As mandated in the Textiles Committee Act, the Department is carrying out textile economic research.
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What are the ATUFS benchmarked machineries?
TUFS benefit is available for TUFS benchmarked machinery covering the following activities:-
a) Cotton ginning and pressing.
b) Silk reeling and twisting.
c) Wool scouring, combing and carpet industry.
d) Synthetic filament yarn texturising, crimping and twisting.
e) Spinning.
f) Viscose Staple Fibre (VSF) and Viscose Filament Yarn (VFY).
g) Weaving, knitting and fabric embroidery.
h) Technical textiles including non-wovens.
i) Garment/design studio/made-up manufacturing.
j) Processing of fibres, yarns, fabrics, garments and made-ups.
k) Production activities of Jute Industry.Was this helpful?
What are the new activities initiated by the department?
Recently, the Market Research Department has initiated lot of activities to strengthen the exports of our country through Market Intelligence in Textiles (MIT). A comprehensive database on different segments of the textile industry will be carried out to provide handholding support to the exporting fraternity of the country as well as the policy makers.
This Database will provide macro level information on all sectors of the T&C on Production, Domestic Demand, Export & Import, Price & its Mechanism, Competitiveness & Competitors, Cost benchmarking, Government Policy Mechanism, Tax Structure, RTAs/PTAs, Infrastructure and Other related issues to the industry stakeholders and policy makers.
Besides this, the department is spearheading the facilitation of protection of traditional and unique textile products under GI Act.Was this helpful?
What are the subsidies under Amended Technology Upgradation Fund Scheme (ATUFS)?
Capital Investment Subsidy is available under ATUFS under this scheme for eligible segments @10%/ 15% with an upper limit on investment amount.
For more information, click here.
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Is ISO 9000 standards mandatory to the industry?
No, however, in the coming days, non-existence of certified quality systems would probably be treated as a trade barrier not because of any Government regulations but through the customers, who are having the wide choice in selecting their suppliers for getting consistent quality. It also demonstrates the intent for continuous improvement in the overall business function.
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What is certificate of exemption and endorsement of GSP in Export Promotion & Quality Assurance?
An exemption certificate is issued to enable quota/duty free entry of the eligible items of Handloom origin at the importing end. GSP certificates (Form A) is issued for the eligible items for the following tariff preference giving (donor) countries:
Australia, Canada, Japan, New Zealand, Norway, Switzerland, Turkey, United States of America (USA), Republic of Belarus, Russian Federation, and European Union.
The European Union includes 28 countries Viz. Austria, Belgium,Czech Republic, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands (Holland), Republic of Bulgaria, Romania, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and United Kingdom (UK).
Note:
1) For Australia, the main requirement is exporter’s declaration on the normal commercial invoice. Form A accompanied by the normal commercial invoice is an acceptable alternative, but official certification is not required.2) In case of Canada and New Zealand, Official Certification is not required.
3) The United States does not require GSP Form A. A declaration setting forth all pertinent detailed information concerning the production or manufacture of the merchandise is considered sufficient only if requested by the district collector of the Customs.
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What number of COEs have been set up so far under materials and pieces of clothing part?
The Government is in the process of setting up of four centres of excellence. These are:
- Geotech: Set up by the Bombay Textile Research Association (BTRA) & Ahmedabad Textile Industry`s Research Association (ATIRA), with BTRA as lead partner
- Agrotech: Synthetic & Art Silk Mills Research Association (SASMIRA) & Man-made Textile Research Association (MANTRA) & Navsari Agriculture University with Indian Institute of Technology (IIT), Delhi as knowledge partner with SASMIRA as lead partner.
- Protech: Northern India Textile Research Association (NITRA) & Indian Institute of Technology (IIT), Delhi with NITRA as lead partner.
- Meditech: South India Textile Research Association (SITRA) and AC College of Technology with SITRA as lead partner.
For more information, click here.
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What are the government sponsored schemes in textile industry?
The Ministry of Textiles through the Textile Committee provides information on the various schemes available for the textile sector. The schemes are aimed at providing wholistic benefits and growth opportunities to this sector.
These schemes are:
- Power-loom sector.
- Technology upgradation.
- Cluster development programme/ integrated textile parks.
- Integrated Skill Development Scheme.
- Technical Textiles
For more information, click here.
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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 a list of importers and exporters of technical textiles available?
There are 369 technical textiles importers and 680 technical textiles exporters in India as per the latest available figures. The list of exporters and importers along with contact details, export segment & product exported is available in the website link.
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What are the main objectives of the Market Intelligence in Textiles?
The main objectives of MIT are:
1) Provide Real-time Database for the Policy, Industry and Trade (Country level, product level).
2) Suggest remedial measures/ information on change in business environment in domestic segment.
3) Augmenting Market Information for export competitiveness and policy.Was this helpful?
How can one apply for India Handloom Brand?
One can apply for the registration by submitting:
- a duly filled application form in duplicate in the prescribed format;
- applicable registration fees; and
- sample of your product(s) of 0.25 meter length in full width of the fabric.
For more information, click here.
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What are the government sponsored schemes in textile industry?
The Ministry of Textiles through the Textile Committee provides information on the various schemes available for the textile sector. The schemes are aimed at providing wholistic benefits and growth opportunities to this sector.
These schemes are:
- Power-loom sector.
- Technology upgradation.
- Cluster development programme/ integrated textile parks.
- Integrated Skill Development Scheme.
- Technical Textiles
For more information, click here.
Was this helpful?
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 a list of importers and exporters of technical textiles available?
There are 369 technical textiles importers and 680 technical textiles exporters in India as per the latest available figures. The list of exporters and importers along with contact details, export segment & product exported is available in the website link.
Was this helpful?
What are the main objectives of the Market Intelligence in Textiles?
The main objectives of MIT are:
1) Provide Real-time Database for the Policy, Industry and Trade (Country level, product level).
2) Suggest remedial measures/ information on change in business environment in domestic segment.
3) Augmenting Market Information for export competitiveness and policy.Was this helpful?
What are the government sponsored schemes in textile industry?
The Ministry of Textiles through the Textile Committee provides information on the various schemes available for the textile sector. The schemes are aimed at providing wholistic benefits and growth opportunities to this sector.
These schemes are:
- Power-loom sector.
- Technology upgradation.
- Cluster development programme/ integrated textile parks.
- Integrated Skill Development Scheme.
- Technical Textiles
For more information, click here.
Was this helpful?
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.
Was this helpful?
Is there a list of importers and exporters of technical textiles available?
There are 369 technical textiles importers and 680 technical textiles exporters in India as per the latest available figures. The list of exporters and importers along with contact details, export segment & product exported is available in the website link.
Was this helpful?
What are the main objectives of the Market Intelligence in Textiles?
The main objectives of MIT are:
1) Provide Real-time Database for the Policy, Industry and Trade (Country level, product level).
2) Suggest remedial measures/ information on change in business environment in domestic segment.
3) Augmenting Market Information for export competitiveness and policy.Was this helpful?
What are the government sponsored schemes in textile industry?
The Ministry of Textiles through the Textile Committee provides information on the various schemes available for the textile sector. The schemes are aimed at providing wholistic benefits and growth opportunities to this sector.
These schemes are:
- Power-loom sector.
- Technology upgradation.
- Cluster development programme/ integrated textile parks.
- Integrated Skill Development Scheme.
- Technical Textiles
For more information, click here.
Was this helpful?
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.
Was this helpful?
Is there a list of importers and exporters of technical textiles available?
There are 369 technical textiles importers and 680 technical textiles exporters in India as per the latest available figures. The list of exporters and importers along with contact details, export segment & product exported is available in the website link.
Was this helpful?
What are the main objectives of the Market Intelligence in Textiles?
The main objectives of MIT are:
1) Provide Real-time Database for the Policy, Industry and Trade (Country level, product level).
2) Suggest remedial measures/ information on change in business environment in domestic segment.
3) Augmenting Market Information for export competitiveness and policy.Was this helpful?
What is the National Mission for Enhanced Energy Efficiency (NMEEE)?
The National Mission for Enhanced Energy Efficiency (NMEEE) is one of the eight missions under the National Action Plan on Climate Change (NAPCC). NMEEE aims to strengthen the market for energy efficiency by creating conducive regulatory and policy regime and has envisaged fostering innovative and sustainable business models to the energy efficiency sector. The Cabinet had approved the NMEEE document, and funding for two years of the 11th Plan period (2010-12) with an outlay of $ 36.23 million. Continuation of NMEEE for the 12th Plan was approved by Cabinet on 6th August, 2014 with a total outlay of $ 119.23. The Mission seeks to upscale the efforts to unlock the market for energy efficiency which is estimated to be around $ 11.385 billion. The activities during the 11th Plan period created the institutional and regulatory infrastructure. The NMEEE spelt out four initiatives to enhance energy efficiency in energy intensive industries which are as follows:
a) Perform, Achieve and Trade Scheme (PAT), a market based mechanism to enhance the cost effectiveness in improving the Energy Efficiency in Energy Intensive industries through certification of energy saving which can be traded.
b) Market Transformation for Energy Efficiency (MTEE), for accelerating the shift to energy efficient appliances in designated sectors through innovative measures to make the products more affordable.
c) Energy Efficiency Financing Platform (EEFP), for creation of mechanisms that would help finance demand side management programmes in all sectors by capturing future energy savings.
d) Framework for Energy Efficient Economic Development (FEEED), for development of fiscal instruments to promote energy efficiency.Was this helpful?
What are the completed transmission projects?
There are 260 projects/elements completed all over India in 2017-18 and all the details can be found at the link.
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What are the upcoming projects transmission projects?
There are 285 projects coming in all over India. You can find a detailed map of these projects on the link.
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What is TARANG?
TARANG is the Transmission App for Real time Monitoring and Growth to monitor the progress of transmission system in the country.
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What is Central Electricity Authority and what is the information it provides?
Central Electricity Authority (CEA) is a statutory organization originally constituted under the Electricity Act, 2003. The organization releases monthly reports related, state wise installed capacity on the link.
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How are thermal power plants (TPPs) classified among industries?
The Ministry of Environment & Forests (MoEF) has classified TPPs as one of the 17 Red Category industries. Red Category denotes heavily polluting industry. For obtaining EC:
Category A projects are:
1) > 500 MW Coal/Lignite/Naphtha & Gas Based Fuel.
2) > 50 MW Petcoke, Diesel and all Other Fuels, including Refinery Residual Oil Waste (excluding Biomass).
3) > 20 MW Biomass Based or Non-Hazardous MSW (Municipal Solid Waste) as Fuel.Category B projects are -
1) < 500 MW Coal/Lignite/Naphtha & Gas Based Fuel.
2) <50 MW or 3 MW Petcoke, Diesel and all Other Fuels, including Refinery Residual Oil Waste (excluding Biomass).
3) < 20 MW or 15MW Biomass Based or Non-Hazardous MSW (Municipal Solid Waste) as Fuel.Was this helpful?
Why is there a proliferation of TPPs along the coast?
Situating a plant along the coast provides two important benefits to the Project Proponent:
1) Easy transport of imported coal through ports and captive jetties.
2) Easy availability of seawater for on-site seawater desalination technology for both once-through cooling and for boiler-feed water generation. This reduces fresh water requirement for running the thermal power plant.Was this helpful?
What is the CEPI (Comprehensive Environment Pollution Index)? How does it impact the location of TPPs?
CEPI is a number to characterize the environmental quality at a given location. CEPI scores are calculated from time-to-time by the CPCB to identify critically polluted areas and industrial clusters, by monitoring their air, land and water. CEPI Score is an important tool to identify those clusters where industrial development activities have been restricted due to their pollution levels. In 2010, the MoEF imposed a moratorium on the consideration of projects for EC, if they were located in 43 critically polluted areas. It has been reduced to 7 clusters as of September 2013. TPPs cannot be located in those places where the moratorium is imposed.
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How long does it usually take for a plant to get Environmental Clearance?
It depends on the size of the plant. Usually 1 to 1.5 years is the time for a plant to obtain EC after filing of Application. The following are the time-bound activities according to the EIA Notification:
1) Issuance of ToR: To be issued within 60 days of Application submission by Project
Proponent.
2) Conducting of Public Hearing: The Public Hearing Report to be submitted to the MoEF/ SEIAA by the SPCB within 45 days of receiving request for hearing from the Project Proponent.
3) Issuance of EC: To be issued within 105 days of the Project Proponent submitting the
Final EIA.Was this helpful?
What are the FDI policies for tourism & hospitality sector?
- 100% FDI is allowed under the automatic route in tourism and hospitality
- 100% FDI allowed in tourism construction projects, including the development of hotels, resorts and recreational facilities.
For more information, click here.
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What are the different rates of an average hotel tariff or convenience lodging in India?
The GST rates applicable for accommodation in hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes will depend upon value of supply of a unit i.e. the declared per day tariff for a unit by the respective accommodation establishment. The slabs of GST rates applicable on declared tariff value are given below:
- Tariff value less than Rs.1000 – Nil
- Tariff value of Rs.1000 and above but less than Rs. 2500 or equivalent – 12% GST
- Tariff value of Rs.2500 and above but less than Rs.7500 or equivalent - 18% GST
- Tariff value of Rs.7500 or above - 28% GST
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What GST rates will be applicable for travel by air?
The GST rates applicable on air tariffs are as below:
1. Travel by economy class - 5 %
2. Travel by other than economy class - 12 %Was this helpful?
What is the minimum eligibility for sponsorship of events having potential for promotion of tourism to and/or within India?
The Ministry of Tourism invites proposals to support cultural,music, dance, literary, sports, cinema and other events which have potential or create potential for attracting large number of tourists, both domestic and international. The support to these events would be decided on a case to case basis based on the potentialfor promotion of tourism as well as the benefits that would accrue from it for thepromotion of Incredible India brand, subject to the following basic minimum eligibility conditions:
(i) The event to be supported may be held in India or abroad.
(ii) The event should have been in existence since the last five years or should have completed at least 5 editions as of 31.12.2013 and should be supported by a certificate to this effect from a Chartered Accountant.
(iii) The event should have a total expenditure of at least INR 1.00 Crore for each edition supported by audited statements of expenditure on the event for last five years.Was this helpful?
What are the initiatives taken by the Indian government in the cruise tourism sector?
The following initiatives have been undertaken by GOI:
1. The government is in process to develop 5 ports as cruise tourism hubs. These are Mumbai, Goa, Mangalore, Chennai and Kochi. These terminals will have facilities such as hospitality, retail, shopping and restaurants.
2. 200 minor ports to be develop jetties for such cruise vessels.
3. The cruise tourism policy shall be introduced by government shortly.Was this helpful?
What are the initiatives taken by the Indian government in the medical tourism sector?
The following initiatives have been undertaken by GOI:
1. A new category of visa "Medical Visa" has been introduced by Ministry of Home Affairs, Government of India, which can be given for specific purpose to foreign tourists coming to India for medical treatment
2. The Ministry of Tourism has included the promotion of Medical Tourism as new initiatives. The Marketing Development Assistance Scheme (MDA), administered by the Ministry of Tourism, Government of India, provides financial support to approved tourism service providers.
3. To boost medical tourism, the government today announced setting up of the National Medical and Wellness Tourism Board to provide help to those visiting the country for health care need. The Board, besides Ministry officials, will include other stakeholders such as hospitals, hoteliers, medical experts and tour operators.Was this helpful?
What are the initiatives taken by the Union Government to develop rural tourism in India?
The tourism ministry has sanctioned INR 131 lakhs for the development of four rural tourism sites. The states in which these sites are Arunachal Pradesh, Jammu and Kashmir, Maharashtra, Meghalaya, Mizoram, Nagaland, Uttarakhand, Punjab and Tripura.
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What are the government's initiatives under Lighthouses Tourism in India?
The GOI has identified 78 lighthouses in the country as centres of tourism, which are in the first phase under Public Private Partnership (PPP). The identified lighthouses are in Gujarat, Maharashtra, Goa, Karnataka, Kerala, Lakshadweep, Tamil Nadu, Puducherry, Andhra Pradesh, Odisha, West Bengal and Andaman and Nicobar Islands. The GOI has kick started the ‘lighthouse tourism’ project by inviting initial qualification bids to develop eight lighthouses in the first phase, at a cost of INR 128 crore, under the public-private-partnership model for 7 lighthouses.
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What is the difference between Prasad Scheme and 'Spiritual Circuit' under Swadesh Darshan Scheme?
The ‘PRASAD’ scheme, focuses on development and beautification of the identified pilgrimage destinations. Whereas, in the ‘Spiritual Circuit’ identified under the Swadesh Darshan scheme, the thrust is on development of particular thematic circuit consisting of various religious/spiritual destination in a State and Union Territory.
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What is Prasad Scheme?
Under the scheme ‘Prasad’, the Ministry of Tourism provides Central Financial Assistance (CFA) to State Governments/Union Territory Administrations for development and beautification of the identified pilgrimage destinations. Under the PRASAD scheme, thirteen sites have been identified for development, namely: Amritsar, Ajmer, Dwarka, Mathura, Varanasi, Gaya, Puri, Amaravati, Kanchipuram, Vellankanni, Kedarnath, Kamakhya and Patna. In Union Budget 2017-18, INR 100 crore has been allocated for Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASAD).
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