Coal ministry to circulate cabinet note for linkage auctions with no use restriction | Mint

New Delhi: The coal ministry is in the process of proposing changes in the way coal auctions are done so that small businesses from a diverse range of sectors are able get steady and long-term supplies of the fossil fuel. It will shortly circulate a draft note for the Cabinet outlining changes in the policy … Read more

Govt may issue final rules on misleading ads, surrogate, pesky calls in first 125 days | Mint

The Centre will shortly issue guidelines on misleading advertisements for IAS coaching institutes, surrogate ads, greenwashing and unsolicted calls as part of a 125-day plan to protect consumer interests, two people directly involved in the process said on the condition of anonymity. This comes in response to widespread concerns about consumer rights being violated through … Read more

Revenue upside should be split between spending, consolidation

With the results of the general elections behind us, the focus has now expectedly shifted to the full budget for FY2025, which is widely anticipated to be presented in July 2024. Several tailwinds on the revenue account have emerged since the presentation of the Interim Budget, indicating comfort on the fiscal front. The Government of … Read more

Ministry wants blending of domestic coal by imported coal-based power plants | Mint

New Delhi: The Union coal ministry has suggested to the power ministry that it should consider mandating blending 10-15% domestic coal by imported coal based (ICB) power plants, said two people in the know of the developments. The move comes against the backdrop of an increase in the domestic production of the mineral. The government … Read more

Govt working on export promotion fund for MSMEs | Mint

New Delhi: The Union government is considering setting up a fund to support exports by small businesses. A proposal for the fund may be placed in the upcoming Union budget by the finance ministry, two people aware of the development said, adding that the fund may have a corpus of around ₹5,000 crore. “The fund … Read more

Govt sanctions ₹700 crore for setting up pharma and med tech centres | Mint

New Delhi: The Union government has allocated ₹700 crore for establishing centres of excellence at the National Institutes of Pharmaceutical, Education & Research (NIPER). According to a notice issued by the Department of Pharmaceuticals, the steering committee has approved a budget outlay of ₹700 crore for setting up of these centres over a period of … Read more

Don’t treat us like villains, trade union bosses tell Sitharaman in meeting

At least two labour union leaders present at the meeting said it discussed the issue of reconvening the Indian Labour Conference, an apex tripartite consultative committee in the labour ministry that advises the government on issues concerning the working class. “We asked the finance minister to hold the Indian Labour Conference again, for the first … Read more

Centre imposes stock limit on wheat until FY25 to prevent hoarding, speculation

The permitted stockholding limit was notified as 3,000 tonnes for wholesalers, 10 tonnes for retailers, 10 tonnes for each outlet and 3,000 tonnes at all depots for big chain retailers, and 70% of monthly installed capacity multiplied by the remaining months of the current financial year in the case of processors. “The decision has been … Read more

Govt’s generic pharmacy stores to stock top 200 medicines round the clock

NEW DELHI:The 200 most used drugs will be stocked at the government’s generic pharmacy stores, known as Pandhan Mantri Janaushadhi Kendra, two officials aware of the matter said.  These stores have brought down the prices of quality medicines, making them available for the poor. A plan approved in the recent governing council meeting of the … Read more