Union Minister Piyush Goyal Announces Concessions in Licensing Fees
In a significant move to boost entrepreneurship, Union Minister Piyush Goyal has announced an 80% reduction in licensing fees for women entrepreneurs and a 50% reduction for MSMEs under the Petroleum and Explosives Safety Organisation (PESO). This initiative aims to encourage greater participation from women and MSMEs in the petroleum and explosives sectors, balancing industry compliance with public safety.
Minister Goyal directed PESO to collaborate with CPCB and MoPNG to establish safety guidelines, facilitating petrol pump operations near inhabited areas. Efforts also include integrating Third-Party Inspection Agencies (TPIAs) into regulatory processes and developing online permission modules for enhanced efficiency and transparency.
A stakeholder consultation convened by DPIIT highlighted industry concerns and recommendations for regulatory improvements. Industry associations emphasized digitalization, transparency through online portals, and expedited clearance processes. Committees were formed to explore amendments and enhance regulatory frameworks, ensuring ease of doing business while upholding industry standards.
The Nobel Prize in Chemistry 2026 has been awarded jointly to Henri B. Kagan and…
Indian mathematician Mahesh Kakde, a professor at the Indian Institute of Science (IISc), Bengaluru, has…
India and Ghana have exchanged two Memoranda of Understanding (MoUs) to deepen cooperation in scientific…
The Ministry of Health and Family Welfare will launch JOSH (Joint Squad for Health) Teams…
Prime Minister Narendra Modi completed 25 years as the head of government on 7 October…
India has expanded its list of Classical Languages by granting the status to Marathi, Pali,…