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Big News: Six states, including Maharashtra and Karnataka announce state budgets; Jammu & Kashmir ease setting up of industrial units in the union territory; Odisha offers multiple incentives to electric vehicle buyers in the state; Jharkhand proposes a 75 percent reservation in the private sector for locally domiciled candidates; and more.

Industrial Policy & Business Regulations

Delhi announces its budget for the financial year (FY) 2021-22. The budget estimates the state’s total receipt and expenditure at $9.51 billion and $9.51 billion, respectively. Source: Business Today; In detail: Budget 2021-22

Karnataka announces its budget for the FY 2021-22. The budget estimates the state’s total receipt and expenditure at $33.6 billion and $33.94 billion, respectively. Source: Indian Express; In detail: Budget Speech

Maharashtra announces its budget for the FY 2021-22. The budget estimates the state’s total revenue receipt and revenue expenditure at $50.82 billion and $52.23 billion, respectively. Source: Times of India; In detail: Budget Highlights Part 1; Part 2

Haryana announces its budget for the FY 2021-22. The budget estimates the state’s total receipt and expenditure at $17.56 billion and $17.56 billion, respectively. Source: The Hindu; In detail: Budget

Meghalaya announces its budget for the FY 2021-22. The budget estimates the state’s total receipt and expenditure at $2.41 billion and $2.42 billion, respectively. Source: Business Standard; In detail: Budget Speech

Punjab announces its budget for the FY 2021-22. The budget estimates the state’s total receipt and expenditure at $22.4 billion and $23.14 billion, respectively. Source: The Tribune; In detail: Budget

Jammu and Kashmir allow setting up of industrial units, without requiring any statutory clearances from the Industry and Commerce Department. Source: India Blooms; In detail: Order

The Haryana assembly passes three bills. These bills include the Haryana Rural Development (Amendment) Bill, 2021, the Haryana Goods and Services Tax (Amendment) Bill, 2021, and the Haryana Development and Regulation of Urban Area (Amendment) Bill, 2021. Source: United News of India

The Punjab assembly passes eight bills in its budget session, including the Punjab Bureau of Investment Promotion (Amendment) Bill 2021. The bill allows automated statutory clearances for setting up businesses in the state. Source: Indian Express; In detail: Press Release

Land Acquisition & Labor Regulations

Nothing critical to report this week

Infrastructure & Governance

Odisha notifies its draft Electric Vehicle (EV) policy. EV buyers and government employees are likely to get a 15 percent subsidy and interest free loans on the purchase of EVs. Source: Times of India; In detail: Draft EV Policy

Haryana imposes a two percent duty on transfer of immovable properties located within the limits of municipal corporations in the state. Source: Indian Express; In detail: Notification

The central government passes National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, 2021, to regularize unauthorized colonies in Delhi. Source: Economic Times; In detail: The Bill (As passed by the upper house)

Oil & Gas

Punjab approves a special infrastructure development fee of $0.0034 per liter on petrol and diesel in the state. Source: Hindustan Times; In detail: Bill

Water & Sanitation

Nothing critical to report this week

Power & Renewable Energy

Nothing critical to report this week

Health

Nothing critical to report this week

Business Negative Reforms

The Jharkhand cabinet approves an employment policy to allow 75 percent reservation in the private sector for locally domiciled candidates. The reservation is applicable to jobs that offer a salary of less than $411.7 per month. Source: Indian Express; In detail: Chief Minister’s Tweet (In Hindi)

Any Other

Tirath Singh Rawat is sworn in as the new chief minister of Uttarakhand, a day after the resignation of the former chief minister, Trivendra Singh Rawat. Source: NDTV; In detail: Press Release (In Hindi)

Center – State Relations

The Ministry of New and Renewable Energy announces the basic customs duty (BCD) on imported solar cells and modules starting April 1, 2022. The BCD on solar modules and solar cells will be 40 percent and 25 percent, respectively. Source: Mercom; In detail: Order

The Ministry of Road Transport and Highways approves the use of E20, a blend of 20 percent ethanol and 80 percent gasoline, as an automotive fuel. Source: Mercom