Economy

GEMA seeks hike in ethanol price for FCI rice as feedstock

The grain ethanol manufacturers have sought a revision in current ethanol rate ₹58.50/litre which was based on when the Food Corporation of India (FCI) was selling rice at ₹20/kg. The revised price should be ₹70.71/litre after the government announced the FCI rice would be sold at ₹28/kg for the distilleries, according to Grain Ethanol Manufacturers […]

Economy

CII seeks 10-point Ease of Doing Business reforms from Budget 2025

Industry body CII has put forward a 10-point specific suggestion before the central government ahead of Budget 2025, to increase Ease of Doing Business in India. First, the industry body suggested that all regulatory approvals – central, state and local levels – must mandatorily be provided only through the National Single Window System (NSWS), which […]

Economy

NRAI seeks industry status, restoration of input tax credit for restaurant sector

The Restaurant sector is seeking industry status and restoration of input tax credit from the government. In a letter written to the Finance Minister Nirmala Sitharaman, the National Restaurant Association of India (NRAI) has sought certain policy and budgetary support to fuel the growth of the industry including simplified licensing regime and targeted subsidy scheme. […]

Economy

Chouhan reviews schemes with states’ agriculture ministers, seeks suggestions for next Budget

Union agriculture minister Shivraj Singh Chouhan along with secretary Devesh Chaturvedi and other senior officials on Saturday reviewed various schemes with agriculture ministers of various states and sought their suggestions on ongoing programmes and for the next Union Budget. During the virtual closed door meeting, Chouhan expressed confidence that the agriculture and allied sectors’ growth […]

ICAI seeks special tax regime for firms, simplifies charitable trust taxation, and reduced compliance burden in Income-Tax overhaul, ETCFO

The Institute of Chartered Accountants of India (ICAI) has submitted a detailed set of suggestions for the comprehensive review of the Income-tax Act, 1961, ahead of the 2025 Union Budget. These proposals aim to simplify tax laws, mitigate litigation, and reduce compliance burdens, in line with Finance Minister Nirmala Sitharaman’s directive for an overhaul of […]

Economy

Shell Group seeks CCI approval for Raj Petro Specialities acquisition

Global energy conglomerate Shell Group has sought the Competition Commission of India’s (CCI) approval for its proposed acquisition of Raj Petro Specialities Private Limited. The deal involves Shell Deutschland GmbH and Shell Overseas Investments B.V. acquiring 100 percent equity in Raj Petro, aiming to enhance operational efficiency and improve customer offerings. Details of the Acquisition […]

Economy

ICEA seeks simplification of India’s electronics duty structure ahead of Union Budget 2025-26

Simplify the tariff structure for electronics parts and components to boost competitiveness and attract investment, said the India Cellular and Electronics Association in its recommendation letter to the government for the Union Budget 2025-26. In anticipation of the new Budget, the electronics body asked the government replace the current duty structure with a simplified 3+1 […]

DoT seeks clarity from Trai on encashing telcos’ BGs to recover spam penalties, ET LegalWorld

The communications ministry has sought clarity from the telecom regulator on which licence clauses can be invoked to encash telcos’ bank guarantees (BGs) to recover fines related to spam, or unsolicited communications. A few months ago, in an unprecedented move, the Telecom Regulatory Authority of India (Trai) urged the government to encash telecom operators’ BGs […]