UTTAM App for Coal Quality Monitoring Launched

On April 5, 2018, the UTTAM App for coal quality monitoring was launched. The Ministry of Coal and Coal India Limited (CIL) have jointly developed this app. UTTAM stands for Unlocking Transparency by Third Party Assessment of Mined Coal; it ensures accountability,...

Government Collaborates with Google for Flood Warning

On June 18, 2018, the Central Water Commission under the Union Water Resources Ministry signed an agreement with Google to share expertise on flood forecasting. The agreement will give CWC access to the latest technologies of Google like artificial intelligence and...

Draft Indian National Strategy for Standards Released

In March 2018, the Ministry of Commerce and Industry released the draft Indian National Strategy for Standardisation of products and services to provide level playing field to domestic industry and so that best global practices may be adopted. The strategy takes into...

Integration of Spot and Derivative Markets

An expert panel set up in June 2017 by the Ministry of Finance under NITI Aayog member Ramesh Chand released its ‘Report of Expert Committee on Integration of Commodity Spot and Derivatives Markets’ on April 12, 2018; it and favoured the integration of spot and...

Private Companies to Disclose Compliance in Annual Reports

The Ministry of Corporate affairs in August, 2018 amended the companies (Account) Rules, 2014, issued under Section 134 of the companies Act, by inserting clause (X), which makes it mandatory for private companies to disclose compliance under the Sexual Harassment of...

New 100 Denomination Banknote to be Issued

The Reserve Bank of India announced on July 19, 2018 that it would shortly issue ` 100 denomination banknotes in the Mahatma Gandhi (new) series. On the reverse, the new banknote bears a motif of ‘Rani ki Vav’, a symbol of the country’s rich cultural heritage. ‘Rani...

UPI 2.0 with Overdraft Facility Launched

On August 16, 2018, the National Payments Corporation of India (NPCI) launched Unified Payments Interface (UPI) 2.0 with enhanced security features and overdraft facilities. Now customers can link their overdraft account to UPI, create one time mandates and...

Natural Gas Trading Hub/Exchange to be Set up

The government plans to set up a natural gas trading hub by the end of 2018 to give a boost to the consumption of natural gas in the country. In such a gas trading hub/exchange (GTHE), natural gas can be traded, and supplied through a market-based mechanism in place...

Ombudsman Scheme Launched for NBFCs

In order to address complaints, the Reserve Bank of India on February 23, 2018 launched Ombudsman Scheme for non-banking financial companies (NBFC). The scheme has provision for a cost-free and speedy means of complaint redressel mechanism if the services by...

Panel to Investigate Tax Risk of HNWIs Leaving India

In April 2018, a panel was set up by the Income Tax department to look into the taxation implications arising out of high net worth individuals (HNWIs) who are migrating to settle abroad, and also to arrive at the country’s stand on this issue. The Central Board of...

SISA Action Plan to Prevent Fraud

Secure Information Sharing Architecture (SISA) renowned payment security specialist in August 2018 came up with an eight-point action plan for banks and financial institutions to prevent cyber attacks. These recommendations came in the wake of reported fraudulent...

Online Analytical Tool to Monitor Funding of NGOs

A web-based analytical tool was launched by the government on June 1, 2018 to aid in closer monitoring of the flow and utilisation of foreign contributions received by NGOs and other organisations under the FCRA. An official statement said, the tool will help to...

Draft Digital Information Security in Healthcare Act

In March 2018, the Ministry of Health and Family Welfare released a draft of the ‘Digital Information Security in Healthcare Act (DISHA) to ‘enforce privacy and security measures for electronic health data, and to regulate storage and exchange of electronic health...

SAATHI—Joint Initiative of Ministries of Power and Textiles

The joint initiative of the Ministries of Power and Textiles—Sustainable and Accelerated Adoption of efficient Textile technologies to Help Small Industries (SAATHI)—was launched in August 2018. Under the initiative Energy Efficiency Services Limited (EESL), a public...

500 Crore Credit Enhancement Fund Launched

On June 11, 2018, a finance ministry source said that the government was launching a ` 500 crore credit enhancement fund from July 2018 to provide credit enhancement to ease infrastructure investments by insurance and pension funds. The announcement regarding the fund...

TRAI Announces Auction of 5G Spectrum

On August 1, 2018, the Telecom Regulatory Authority of India (TRAI) recommended the auction of spectrum for offering 5G services for the first time in the country at a reserve price of about ` 492 crore per MHz on a pan-India basis. TRAI also suggested over 43 per...

Facebook-NCW Tie-up to Launched Digital Literary Programme

Social networking giant Facebook and National Commission for Women (NCW) have entered partnership to launch a digital literacy programme in collaboration with the Cyber Peace Foundation (CPF). The tie-up aims at training 60,000 women in universities across India on...

India’s First Ever Guidelines for Adventure Tourism

The Minister of State for Tourism (independent charge), K.J. Alphons launched India’s first ever guidelines by the Government on Adventure Tourism on May 31, 2018. The guidelines are formulated by the Ministry of Tourism, along with the Adventure Tour Operators...

error: Content is protected !!

Pin It on Pinterest

Share This