Labour registers for firms reduced

Enhancing ease of doing business, the government has reduced the number of registers to be maintained under labour laws to 5 from 56 for 58.5 million establishments. These registers are related to details of employees, their salaries, loans/recoveries, attendance, and others.

2nd state to prohibit dual MRP

Rajasthan has become the second state in the country after Maharashtra to prohibit all stadiums, restaurants, airports and cinema halls from charging any price more than the printed Minimum Support Price (MRP) for packaged food items such as drinking water bottles, wafer and biscuit packets.

India, ADB ink loan pact for industrial corridor

India and ADB have signed USD 375 million pact for loans and grants to develop 800-km Visakhapatnam-Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor.

India, Israel to jointly develop missile for Army

Ahead of the likely visit of Prime Minister Narendra Modi to Israel in June, India has approved a deal to jointly develop a medium range surface-to-air missile (MR-SAM) system for the Army in a ₹17,000-crore deal.