Applications for the LAMP Fellowship 2026-27 are closed. Shortlisted candidates will be asked to take an online test on January 4, 2026.
Highlights of this Issue
Parliamentary Standing Committees identify subjects for examination in 2022-23 (p. 2)
Subjects for this year include implementation of labour codes, citizens’ data security and privacy, prospects of thermal power plants, issues in the telecom sector, and a review of various central sector schemes.
RBI issues concept note on Central Bank Digital Currency (CBDC) (p. 3)
CBDC is a digital form of legal tender issued by a central bank. It will provide an additional option to the currently available forms of money. RBI will explore pilot launches of CBDC for specific use cases.
Consumer Price Index inflation was 7% in the second quarter of 2022-23 (p. 2)
In the second quarter of 2022-23, CPI inflation was higher than the same quarter last year (5.1%).
Amendments to the IT Rules, 2021 notified (p. 2)
Intermediaries are required to make reasonable efforts to cause users not to upload prohibited content. The government will appoint Committees to hear appeals against decisions of the grievance officer of intermediaries.
Environmental release of genetically engineered mustard recommended (p. 5)
The Genetic Engineering Appraisal Committee recommended the release of mustard hybrid variety DMH-11 for production and testing prior to its commercial release, which shall be be subject to the Seeds Act, 1966.
Cabinet approves PM-DevINE to develop infrastructure projects in the north east (p. 4)
The scheme has an outlay of Rs 6,600 crore over three years. It aims to fund infrastructure projects, support north-east based social development projects, and create livelihood activities for youth and women.
Cabinet approves one-time grant to oil PSUs for losses in supplying domestic LPG (p. 4)
Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited will be given a one-time grant of Rs 22,000 crore for covering losses in domestic distribution of LPG.
Commission constituted to examine the status of Scheduled Castes (p. 6)
The terms of reference of the Commission include according SC status to new persons who claim to historically have belonged to the SC community but converted to other religions.
Comments invited on draft National Repowering Policy for Wind Power Projects (p. 4)
The policy seeks to achieve optimum utilisation of wind energy resources through repowering old wind turbines. To incentivise repowering turbines interest rate rebate will be provided to such projects.
Comments invited on regulations regarding pricing of Energy Savings Certificates (p. 4)
The amendments add that the floor price of such certificates will be fixed at 10% of the price of one metric tonne of oil equivalent of energy consumed.
Draft notification exempting certain projects from requiring EIA released (p. 5)
As per the draft notification, specified pumped storage plants, which re-use water for producing electricity and storing energy will not require an environment impact assessment for an environment clearance.
Cabinet approves minimum support prices for Rabi crops for 2023-24 (p. 6)
The MSP for wheat has been fixed at Rs 2,125 per quintal, an increase of 5.5% over the previous year’s MSP (Rs 2,015 per quintal). Masur MSP has been fixed at Rs 6,000 per quintal, compared to Rs 5,500 in 2022-23.
Parliament
Tanvi Vipra (tanvi@prsindia.org)
Standing Committees identify subjects for examination during 2022-23
13 of the 24 Departmentally Related Standing Committees of Parliament have identified subjects for detailed examination during the year 2022-23. These are listed in the Annexure.
Macroeconomic Development
Tushar Chakrabarty (tushar@prsindia.org)
Consumer Price Index inflation was 7% in the second quarter of 2022-23
Consumer Price Index (CPI) inflation (base year 2012) was 7% in the second quarter (July-September) of 2022-23.[1] This was higher than the CPI inflation of 5.1% in the corresponding quarter of 2021-22 but lower than CPI inflation of 7.3% in the first quarter (April-June) of 2022-23. Since January 2022 CPI inflation has been higher than the upper tolerance level of 6% under the inflation-targeting framework.[2]
Food inflation averaged 7.6% in the second quarter of 2022-23, higher than 2.6% in the corresponding quarter of 2021-22. Food inflation was 8% in the first quarter of 2022-23.
Wholesale Price Index (WPI) inflation was 12.4% in the second quarter of 2022-23 as compared to 11.7% in the second quarter of 2021-22.[3] In the first quarter of 2022-23, WPI inflation was 16.1%.
Figure 1: Inflation in 2022-23 (% change, year-on-year)
Note: CPI data for September 2022 is provisional. WPI data for August and September 2022 is provisional.
Sources: MoSPI; Ministry of Commerce and Industry; PRS.
Electronics & IT
Saket Surya (saket@prsindia.org)
Amendments to the IT Rules, 2021 notified
The Ministry of Electronics and Information Technology notified amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.[4] The 2021 Rules specify due diligence requirements for intermediaries to claim exemption from liability for third-party content.[5] Intermediaries are entities which store or transmit data on behalf of other persons. These include social media sites, e-commerce companies, and internet service providers. Key proposed amendments are:
Obligations of intermediaries: The 2021 Rules require intermediaries to publish rules and regulations, privacy policy and user agreements for access or usage of its services. The amendments add that these details should be made available in English or any language specified in the Eighth Schedule of the Constitution. The 2021 Rules specify restrictions on the types of content that users are allowed to create, upload, or share. The Rules require intermediaries to inform users about these restrictions. Amendments add that the intermediaries must: (i) ensure compliance with rules and regulations, privacy policy, and user agreement, and (ii) make reasonable efforts to cause users to not create, upload, or share prohibited content.
Appeal mechanism against decisions of grievance officers: The 2021 Rules require intermediaries to designate a grievance officer to address complaints regarding violations of the Rules. Amendments provide for a mechanism for appeals against the decisions of grievance officers. The central government will establish one or more Grievance Appellate Committees to hear appeals against the decisions of grievance officers. The Committee will consist of a chairperson and two other members appointed by the central government through a notification. The Committee will be expected to dispose of all appeals within 30 days on a best-effort basis.
Expeditious removal of prohibited content: The Rules require intermediaries to acknowledge complaints regarding violation of Rules within 24 hours, and dispose of complaints within 15 days. Amendments add that the complaints regarding the removal of specified prohibited content must be addressed within 72 hours.
Finance
Tushar Chakrabarty (tushar@prsindia.org)
RBI issues concept note on Central Bank Digital Currency
The Reserve Bank of India (RBI) issued a concept note on Central Bank Digital Currency (CBDC).[6] CBDC is a digital form of legal tender issued by a central bank. It will provide an additional option to the currently available forms of money. Key features of CBDC are:
Need for CBDC: According to RBI, there are several advantages to the issuance of CBDC. These include: (i) reduction in costs associated with physical cash management, (ii) providing the public with an alternative to private virtual currencies without associated risks, (iii) enhancing the resilience in payments and provision of core payment services outside the commercial banking system, (iv) boosting innovation in cross-border payments while making them instantaneous, and (v) supporting financial inclusion through transactions that are offline.
Design: CBDC can be categorised into two groups: (i) general purpose or retail (CBDC-R) and (ii) wholesale (CBDC-W). CBDC-R can potentially be used by all private sector, non-financial consumers, and businesses. CBDC-W is designed for restricted access by financial institutions for improving the efficiency of inter-bank payments. RBI considers an indirect model for facilitating access to CBDC better suited for India’s needs. Under this model, persons would hold their CBDC in an account/wallet with a bank or service provider. The obligation to provide CBDC on demand would fall on the intermediary, with the central bank tracking the wholesale CBDC balances of the intermediaries.
Technology platforms: Infrastructure for implementing CBDC could be based on a conventional centrally controlled database or a distributed ledger. In conventional databases, data is stored over multiple nodes which is controlled by a central entity. In distributed ledger systems, the database is jointly managed by multiple entities in a decentralised manner.
Features: CBDC can be both interest and non-interest bearing instruments. RBI observed that since physical cash does not carry any interest it would be logical to offer non-interest bearing CBDCs. RBI noted that reasonable anonymity for small value transactions, such as that associated with physical cash, may be a desirable option for CBDC-R.
RBI will launch the first pilot of Digital Rupee for the wholesale segment with the participation of nine banks on November 1, 2022.[7] It will be used for secondary market transactions in government securities.
RBI revises regulatory framework for asset reconstruction companies
The Reserve Bank of India (RBI) revised the regulatory framework for asset reconstruction companies (ARCs).[8] ARCs take over distressed financial assets for their resolution. Key features of the revised framework include:
Governance: The chair of the board of ARCs shall be an independent director. At least half of the directors attending board meetings shall also be independent directors. The managing director, chief executive officer, and whole-time directors shall be appointed for a maximum of five-years at a time. They may be re-appointed but an incumbent should not hold on to a post for more than 15 years continuously. Individuals cannot continue in these positions beyond the age of 70.
Committees of the board: Board of ARCs will have to constitute: (i) an audit committee, and (ii) a nomination and remuneration committee. The audit committee will solely be comprised of non-executive directors. It will periodically review internal control systems for asset acquisition and reconstruction measures. The nomination and remuneration committee will discharge functions as specified in the Companies Act, 2013 including: (i) identifying persons qualified to become directors, (ii) evaluating the performance of directors, and (iii) policy related to remuneration for directors, and other employees.[9]
ARCs as resolution applicants: ARCs are currently not eligible to carry on any business, except securitisation, asset reconstruction, or any other business specified under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, without prior approval from RBI. Resolution applicant is an entity that bids for the resolution of corporate insolvency. RBI has now allowed ARCs to undertake the activities of a resolution applicant subject to certain conditions. These include: (i) ARCs should have a minimum net owned fund of Rs 1,000 crore, (ii) a board-approved policy will be required to be in place regarding the role of a resolution applicant, and (iii) ARCs will not retain significant control over the corporate debtor after five years of the approval of the resolution plan.
Commerce
Tushar Chakrabarty (tushar@prsindia.org)
Credit guarantee scheme for startups notified
The Department for Promotion of Industry and Internal Trade (DPIIT) notified the Credit Guarantee Scheme for Startups.[10] The scheme will provide guarantee cover to loans extended to eligible startups by financial institutions such as banks and non-banking finance companies. This is expected to facilitate collateral-free loans to startups. Key features include the following:
Eligible borrowers: For borrowing under the scheme, startups should meet certain conditions. Startups should: (i) be recognised by DPIIT, (ii) have reached a stable revenue stream, and (iii) not be in default to any lending/investing entity and not be classified as a non-performing asset.
Guarantee cover: Loans under the scheme may be provided under: (i) transaction-based guarantee cover, and (ii) umbrella-based guarantee cover.[11] Transaction-based guarantee cover will be obtained by financial institutions on single eligible borrower basis. Umbrella-based guarantee cover will be provided to venture debt funds registered with the Securities and Exchange Board of India. A maximum guarantee of up to Rs 10 crore per borrower may be provided under the frameworks.
Oversight mechanism: The scheme will be operated by the National Credit Guarantee Trustee Company Limited (NCGTC). DPIIT will constitute a management committee and a risk evaluation committee. The management committee will oversee the affairs of the scheme. It will be empowered to review the performance of the scheme and revise its parameters including the extent of guarantee coverage. The risk evaluation committee will assess the overall risk parameters of the scheme including conflict of interest.
Petroleum and Natural Gas
Omir Kumar (omir@prsindia.org)
Cabinet approves a one-time grant of Rs 22,000 crore to oil marketing PSUs for losses in supplying domestic LPG
The Union Cabinet approved a one-time grant of Rs 22,000 crore for covering losses in domestic distribution of liquefied petroleum gas (LPG).[12] The grant will be distributed to three public sector undertakings (PSUs): (i) Indian Oil Corporation Limited, (ii) Bharat Petroleum Corporation Limited, and (iii) Hindustan Petroleum Corporation Limited. Domestic LPG cylinders are supplied at regulated prices by these three PSUs.
This grant comes in the backdrop of an increase in international LPG prices. During June 2020 and June 2022, international prices of LPG increased by about 300%. In order to insulate consumers from such fluctuations, the cost increase was not fully passed to consumers which caused significant losses to PSUs. In the same period, domestic LPG prices have been increased by 72%.
North East
Omir Kumar (omir@prsindia.org)
Cabinet approves PM-DevINE for developing infrastructural projects and supporting industries in north east region
The Union Cabinet approved Prime Minister’s Development Initiative for North East Region (PM-DevINE) scheme.[13] The scheme was announced in the 2022-23 Union Budget. The objectives of the scheme include: (i) funding infrastructural projects, (ii) supporting social development projects based on the needs of the north east, and (iii) creating livelihood activities for youth and women. PM-DevINE is a central sector scheme and will have an outlay of Rs 6,600 crore for the period 2022-23 to 2025-26. It will be implemented by the Ministry of Development of North Eastern Region through North Eastern Council or Central Ministries/agencies.
Power
Mayank Shreshtha (mayank@prsindia.org)
Comments invited on Regulations regarding pricing of energy savings certificates
The Central Electricity Regulatory Commission (CERC) released draft amendments to the CERC (Terms and Conditions for Dealing in Energy Savings Certificates) Regulations, 2016 for public feedback.[14],[15] The Regulations provide details regarding trading of transferable and saleable Energy Savings Certificates (ESCs) in the energy market. ESCs are tradeable instruments issued by Bureau of Energy Efficiency to those notified industries which have overachieved their energy-savings targets. These certificates can be sold to underachievers at power exchanges. The amendments add that the floor price of ESCs will be fixed at 10% of the price of one metric tonne of oil equivalent of energy consumed. The central government will notify this price for every Perform, Achieve and Trade (PAT) cycle. Under the PAT scheme, reductions in specific energy saving targets are assigned to designated consumers for a three-year cycle. The PAT scheme is a market-based compliance mechanism to reduce energy consumption in large energy-intensive industries.
Comments are invited until November 2, 2022.
Draft National Repowering Policy for Wind Power Projects, 2022 released
The Ministry of New and Renewable Energy (MNRE) released the draft National Repowering Policy for Wind Power Projects, 2022.[16] Wind turbine repowering refers to replacing (or upgrading) older units with new, efficient, and powerful turbines (or components). The draft policy seeks to replace the repowering policy issued in 2016.[17] Total installed capacity of wind power has increased from 21 gigawatt (GW) in March 2014 to 40 GW in March 2022. The draft Policy aims to replace old, ageing and inefficient, wind turbines of smaller capacity (less than 2MW) with modern highly-efficient ones to maximise the potential of the wind sector. As per the draft policy, India’s repowering potential of such smaller capacity turbines is 25 GW.
Key objectives of the 2022 policy are: (i) optimum utilisation of wind energy resources by maximising energy output (measured in kilowatt-hour) per square kilometre of the project area, and (ii) deployment of latest onshore wind turbine technologies. MNRE reserves the right to amend and review the policy periodically to ensure its effective implementation. Key features of the policy are:
Repowering old wind turbines: Wind turbines that are eligible for repowering include: (i) wind turbines of rated capacity below 2 MW, (ii) wind turbines that have completed their design life, and (iii) set of wind turbines over an area that meet certain conditions such as more than 90% of total capacity of the project has completed its lifespan.
Implementation framework: The repowering projects would be implemented by the respective state nodal agencies involved in promoting wind energy or central nodal agency appointed by the central government. Within one month of the announcement of the policy, MNRE will constitute a monitoring and advisory committee chaired by the Joint Secretary (Wind), MNRE. The committee will include members from Indian Renewable Energy Development Agency (IREDA), state and central nodal agencies, and independent wind-energy experts.
Incentives: IREDA will provide an additional interest rate rebate of 0.25% over and above the interest rate available to the new wind projects for repowering projects. Currently, the available interest rates vary across different grades and lie in the range of 8.5%-9.5%.[18] Central and state governments may also consider additional financial incentives to support these projects.
Environment
Tanvi Vipra (tanvi@prsindia.org)
Environmental release of genetically engineered mustard recommended
The Genetic Engineering Appraisal Committee (GEAC) under the Ministry of Environment, Forest and Climate Change recommended the environmental release of certain genetically engineered mustard.[19] This includes producing and testing the mustard hybrid variety DMH-11 prior to its commercial release. The testing will be done as per existing guidelines by the Indian Council for Agricultural Research and other existing rules and regulations. GEAC has also recommended releasing parental lines of genetically engineered mustard carrying certain specified genes, in order to develop new parental lines and hybrids. These clearances have been granted subject to certain conditions. For instance, the commercial use of DMH-11 shall be subject to the Seeds Act, 1966. The environmental approval shall be valid for four years, after which it may be renewed for two years at a time based on a compliance report.
GEAC also noted that field demonstration studies must be carried out for two years after the environmental release, in order to understand its effect on honeybees and other pollinators. The studies may be conducted under the supervision of the Indian Council for Agricultural Research. The recommendations have been made following the report of the Expert Committee (Chair: Dr. Sanjay K. Mishra), which noted that certain genetically engineered mustard genes are unlikely to adversely impact pollinators.
Draft notification exempting certain projects from environment impact assessment released
The Ministry of Environment, Forest and Climate Change released a draft notification amending the Environment Impact Assessment (EIA) Notification of September 2006.[20],[21] The Ministry noted that pumped storage plants are considered in the same category as classical hydropower projects, despite their environmental impact being lower. Pumped storage plants have the ability to use the same water multiple times for generating electricity, unlike hydropower projects.[22] The draft amendment seeks to allow certain eligible pumped storage plants to receive environmental clearance without requiring an environment impact assessment report. Eligible pumped storage projects include those where: (i) forest or wildlife clearance is not required, (ii) no new reservoir is created, or (ii) the existing reservoir is not expanded or structurally modified.
Comments are invited until December 9, 2022.
Road Transport and Highways
Tanvi Vipra (tanvi@prsindia.org)
Draft notification for transfer of BH vehicle registration series released
The Ministry of Road Transport and Highways has invited comments on a draft notification amending the Central Motor Vehicle Rules, 1989 under the Motor Vehicles Act, 1988.[23],[24],[25] The 1989 Rules provide for registration of all motor vehicles. Under the Rules, non-transport vehicles with the Bharat (BH) series registration mark are allowed to have a number plate that is valid across the country. Persons eligible for a BH registration include government employees and private employees whose offices are in at least four states.[26] The draft amendments seek to ease compliance for registration of such vehicles. Key features of the draft amendments include:
Application for registration: The amendments add that an application for the BH registration may be made to any registration authority in the state where the specified vehicle owner permanently resides or works. Previously, it was not specified that an application may be made to any registration authority in the state.[27]
Transfer of BH registration: The draft amendments specify that if a vehicle is BH registered, and is transferred to a person eligible for the BH series, then the vehicle’s BH registration will remain valid. However, if the other person is not valid for BH registration, the vehicle will be required to assign a new registration mark (number plate with a state specific number such as MH or TN) from regular registration series. It will also be liable for a motor vehicle tax as per the state’s rules. Additionally, if the owner of a BH-series registered vehicle owner ceases to be eligible for the registration, then the vehicle’s registration will remain valid for the period for which tax has been paid.
The amendments also provide for registration in case a person already owns a vehicle and then becomes eligible to obtain a BH registration.
Comments are invited until November 4, 2022.
Media and Broadcasting
Saket Surya (saket@prsindia.org)
FM radio policy guidelines amended
The Ministry of Information and Broadcasting notified certain amendments to the Policy Guidelines on ‘Expansion of FM Radio Broadcasting Services through Private Agencies (Phase-III).[28],[29],[30] Key changes include:
Cap on share in total channels: Earlier, the guidelines provided that a service provider cannot hold more than 15% of the total channels allotted in the country.29 This cap has been removed.28
Eligibility for running FM channel: Earlier, for bidding for category C and D cities, the minimum net worth requirement was Rs 1.5 crore.30 This has been lowered to one crore rupees.30 Category C and D cities are those with the population in the range of 3-10 lakh and 1-3 lakh, respectively.29
Restructuring of companies: Under the guidelines, prior approval from the Ministry of Information and Broadcasting is needed for restructuring of FM radio permissions between holding companies or subsidiaries of the same management. Earlier, restructuring was permitted only if it was done within three years from the date on which all of the allotted channels became operational. This time limit has been removed.
Social Justice and Empowerment
Omir Kumar (omir@prsindia.org)
Commission constituted to examine the status of Scheduled Castes
The Central government has appointed a Commission (Chairperson: Justice K. G. Balakrishnan, former Chief Justice of India) to examine the status of Scheduled Castes (SC).[31] The terms of reference of the Commission include examining: (i) matters of according SC status to new persons who claim to historically have belonged to the SC community but have converted to other religions, (ii) implications of according SC status to new persons on existing SC community, and (iii) changes SC persons go through on converting to other religions in terms of their customs, traditions etc. The Commission will submit its report within a period of two years.
Agriculture
Tanvi Vipra (tanvi@prsindia.org)
Cabinet approves minimum support prices for Rabi crops for 2023-24
The Cabinet Committee on Economic Affairs approved the Minimum Support Prices (MSPs) for Rabi crops for 2023-24 marketing season.[32] The MSP for wheat has been fixed at Rs 2,125 per quintal, an increase of 5.5% over the previous year’s MSP (Rs 2,015 per quintal). Table 1 shows the MSPs notified for the marketing season 2023-24, compared to MSPs for 2022-23.
Table 1: MSPs approved for Rabi crops for the 2023-24 season (in Rs per quintal)
|
Crop |
2022-23 |
2023-24 |
Change (%) |
|
Wheat |
2,015 |
2,125 |
5.5% |
|
Barley |
1,635 |
1,735 |
6.1% |
|
Gram |
5,230 |
5,335 |
2.0% |
|
Lentil (Masur) |
5,500 |
6,000 |
9.1% |
|
Rapeseed and Mustard |
5,050 |
5,450 |
7.9% |
|
Safflower |
5,441 |
5,650 |
3.8% |
Sources: Press Information Bureau; PRS.
Annexure
The subjects identified by various Parliamentary Standing Committees for examination during the year 2022-23 are given in Table 2.
Table 2: Subjects identified by the Standing Committees for examination during 2022-23
|
Agriculture |
|
Department of Agriculture and Farmers’ Welfare
Department of Agricultural Research and Education
Ministry of Fisheries, Animal Husbandry and Dairying
Ministry of Food Processing Industries
Ministry of Cooperation
|
|
Social Justice |
|
Department of Social Justice and Empowerment
Department of Empowerment of Persons with Disabilities
Ministry of Tribal Affairs
Ministry of Minority Affairs
Ministry of Social Justice and Empowerment
|
|
Tourism and Transport |
|
|
Industry |
|
Ministry of Micro, Small and Medium Enterprises
Ministry of Heavy Industries
|
|
Labour and Skill Development |
|
Ministry of Labour and Employment
Ministry of Skill Development and Entrepreneurship
|
|
Textile |
|
Ministry of Textiles
|
|
Petroleum and Natural Gas |
|
|
Home Affairs |
|
|
Information Technology |
|
Ministry of Information and Broadcasting
Ministry of Electronics and Information Technology
|
|
Communications |
|
Department of Posts
Department of Telecommunications
|
|
Rural Development and Panchayati Raj |
|
Department of Rural Development
Department of Land Resources
Ministry of Panchayati Raj
|
|
Education, Youth and Sports |
|
Department of Higher Education
Department of School Education
Department of Youth Affairs and Department of Sports
|
|
Women and Child Development |
|
|
Consumer Affairs |
|
|
Food and Public Distrbition |
|
|
Energy |
|
Ministry of Power
Ministry of New and Renewable Energy
|
|
External Affairs |
|
|
Railways |
|
|
Water Resources |
|
Department of Water Resources, River Development Ganga Rejuvenation
Department of Drinking Water And Sanitation
|
[1] “Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and Combined for the Month of September 2022, Press Information Bureau, Ministry of Statistics and Programme Implementation, October 12, 2022, https://pib.gov.in/PressReleasePage.aspx?PRID=1867095.
[2] CG-DL-E-31032021-226291, Ministry of Finance, March 31, 2021, https://egazette.nic.in/WriteReadData/2021/226291.pdf.
[3] “Annual rate of inflation based on all India Wholesale Price Index (WPI) number eases to 10.7% (Provisional) for the month of September, 2022 (over September, 2021) against 12.41% recorded in August 2022”, Press Information Bureau, Ministry of Commerce and Industry, October 14, 2022, https://pib.gov.in/PressReleasePage.aspx?PRID=1867636.
[4] G.S.R. 794 (E), Ministry of Electronics and Information Technology, October 28, 2022, https://egazette.nic.in/WriteReadData/2022/239919.pdf.
[5] The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 under the Information Technology Act, 2000, https://prsindia.org/files/bills_acts/bills_parliament/2021/Intermediary_Guidelines_and_Digital_Media_Ethics_Code_Rules-2021.pdf.
[6] Concept Note on Central Bank Digital Currency, Reserve Bank of India, October 2022, https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/CONCEPTNOTEACB531172E0B4DFC9A6E506C2C24FFB6.PDF.
[7] Operationalisation of Central Bank Digital Currency-Wholesale (e₹-W) Pilot, Reserve Bank of India, October 31, 2022, https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR1118C23107FC27274302AF1A499D03B0E6BC.PDF.
[8] Review of the Regulatory Framework for Asset Reconstruction Companies (ARCs), Reserve Bank of India, October 11, 2022, https://rbidocs.rbi.org.in/rdocs/notification/PDFs/ARCS3AD8FB7FBDE1424EB0962073C2A2912C.PDF.
[9] The Companies Act, 2013, https://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf.
[10] S.O. 4741(E), Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, October 6, 2022, https://egazette.nic.in/WriteReadData/2022/239375.pdf.
[11] “Department for Promotion of Industry and Internal Trade (DPIIT) notifies establishment of Credit Guarantee Scheme for Startups (CGSS)”, Press Information Bureau, Ministry of Commerce and Industry, October 7, 2022, https://pib.gov.in/PressReleasePage.aspx?PRID=1865796.
[12] “Cabinet approves Rupees 22,000 crore as one time grant of PSU OMCs for losses in Domestic LPG”, Press Information Bureau, Union Cabinet, October 12, 2022, https://pib.gov.in/PressReleasePage.aspx?PRID=1867085.
[13] “Cabinet approves new Scheme “Prime Minister’s Development Initiative for North East Region (PM-DevINE) for the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26”, Press Information Bureau, Union Cabinet, https://www.pib.gov.in/PressReleasePage.aspx?PRID=1867079.
[14] Central Electricity Regulatory Commission (Terms and Conditions for Dealing in Energy Savings Certificates) (First Amendment) Regulations, 2022, Central Electricity Regulatory Commission, October 12, 2022, https://cercind.gov.in/2022/draft_reg/DN-ESC-1stAmendment_121022.pdf.
[15] Central Electricity Regulatory Commission (Terms and Conditions for Dealing in Energy Savings Certificates) Regulations, 2016, Central Electricity Regulatory Commission, May 27, 2016,
[16] Draft National Repowering Policy for Wind Power Projects, 2022, Ministry of New and Renewable Energy, October 17, 2022,
https://mnre.gov.in/img/documents/uploads/file_f-1666005996212.pdf.
[17] Policy for Repowering of the Wind Power Projects, Ministry of New and Renewable Energy, August, 2016, https://mnre.gov.in/img/documents/uploads/c71fc782913649efa6ee5bed9b9c2f26.pdf.
[18] Interest rate matrix, Indian Renewable Energy Development Agency, September 2022, https://www.ireda.in/interest-rate-matrix.
[19] Minutes of the 147th Meeting of the Genetic Engineering Appraisal Committee, October 18, 2022, https://geacindia.gov.in/Uploads/MoMPublished/MoMPublishedOn20221025200345.pdf.
[20] CG-DL-E-11102022-239562, Ministry of Environment, Forest and Climate Change, October 11, 2022, https://egazette.nic.in/WriteReadData/2022/239562.pdf.
[21] Environment Impact Assessment Notification, Ministry of Environment and Forests, September 14, 2006, http://www.environmentwb.gov.in/pdf/EIA%20Notification,%202006.pdf.
[22] How Pumped Storage Hydropower Works, Office of Energy Efficiency and Renewable Energy, US Department of Energy, as accessed on October 28, 2022, https://www.energy.gov/eere/water/how-pumped-storage-hydropower-works#:~:text=PSH%20plants%20operate%20much%20like,(s)%20to%20produce%20electricity.
[23] CG-DL-E-06102022-239390, Ministry of Road Transport and Highways, October 4, 2022, https://egazette.nic.in/WriteReadData/2022/239390.pdf.
[24] Chapter III, Central Motor Vehicle Rules, 1989, https://morth.nic.in/central-motor-vehicles-rules-1989-1.
[25] Motor Vehicles Act, 1988, https://legislative.gov.in/sites/default/files/A1988-59.pdf?cd=NAA0ADkANwA%3D#:~:text=An%20Act%20to%20consolidate%20and%20amend%20the%20law%20relating%20to%20motor%20vehicles.&text=PRELIMINARY-,1.,the%20Motor%20Vehicles%20Act%2C%201988.
[26] BH Series, Ministry of Road Transport and Highways, Last accessed on October 21, 2022, https://parivahan.gov.in/parivahan//en/content/bh-series.
[27] CG-DL-E-27082021-229283, Ministry of Road Transport and Highways, August 26, 2021, https://morth.gov.in/sites/default/files/notifications_document/GSR%20594%28E%29%2026%20.08.2021%20BH%20series%20registration%20mark%20Rules.pdf.
[28] No. N-38032/51/2019-FM, Ministry of Information and Broadcasting, October 4, 2022, https://mib.gov.in/sites/default/files/Order%20dated%2004-1002922.pdf.
[29] File No. 104/2/2008-FM (Vol-III), Ministry of Information and Broadcasting, July 25, 2011, http://aroi.in/pdf/PolicyGuidelines_FMPhaseIII.pdf.
[30] “Government approves amendments in FM Radio Phase-III Policy guidelines”, Press Information Bureau, Ministry of Information and Broadcasting, October 4, 2022, https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1865015.
[31] S.O. 4742(E), The Gazette of India, Ministry of Social Justice and Empowerment, October 6, 2022, https://egazette.nic.in/WriteReadData/2022/239368.pdf.
[32] “Cabinet approves Minimum Support Prices for all Rabi Crops for Marketing Season 2023-24”, Ministry of Agriculture and Farmers Welfare, Press Information Bureau, October 18, 2022, https://www.pib.gov.in/PressReleasePage.aspx?PRID=1868761.
DISCLAIMER: This document is being furnished to you for your information. You may choose to reproduce or redistribute this report for non-commercial purposes in part or in full to any other person with due acknowledgement of PRS Legislative Research (“PRS”). The opinions expressed herein are entirely those of the author(s). PRS makes every effort to use reliable and comprehensive information, but PRS does not represent that the contents of the report are accurate or complete. PRS is an independent, not-for-profit group. This document has been prepared without regard to the objectives or opinions of those who may receive it.