India Unveils New Policy Initiatives and Key Scheme Updates Across Sectors
October 31, 2025
In a flurry of policy developments over the past 24-48 hours, the Indian government has announced significant strides in boosting domestic manufacturing, supporting the agricultural sector, and streamlining tax compliance. The first batch of projects under the Electronics Component Manufacturing Scheme (ECMS) has received approval, marking a major push towards self-reliance in electronics. Concurrently, the Union Cabinet has revised the Nutrient-Based Subsidy (NBS) rates for fertilizers, providing enhanced support to farmers for the upcoming Rabi season. A notable debate has emerged regarding Kerala's review of its participation in the central government's PM SHRI scheme, highlighting complexities in federal policy implementation. Furthermore, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns for audit cases, offering relief to taxpayers. Looking ahead, the Union Agriculture Minister has indicated the imminent introduction of a new Seeds Act to ensure quality agricultural inputs.