News

PM GatiShakti an effective mechanism for fast-tracking infrastructure projects: Sumita Dawra Special Secretary (Logistics) in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra has said that the PM GatiShakti initiative is an effective mechanism for fast-tracking infrastructure projects and bringing socio-economic area-based development. She said PM GatiShakti NMP, a GIS data-based digital platform with more than 1,400 data layers and over 50 tools, provides a visual depiction of trunk and utility infrastructure, land use, existing structures (like bridg...
PM GatiShakti an effective mechanism for fast-tracking infrastructure projects: Sumita Dawra
PM GatiShakti an effective mechanism for fast-tracking infrastructure projects: Sumita Dawra
Source: Accord Fintech
8/09/2023 12:58:16 PM
Centre asks states to formulate logistics policy The commerce and industry ministry said that the Centre has asked states to formulate logistics policy as it would help promote ease of doing business. It was also suggested to the states for integrating quality data on the portal for the state master plan for wider adoption of PM GatiShakti initiative. The initiative helps in proper planning and implementation of infrastructure projects. These issues were discussed in a meeting called by the Department for Promotion of Industry and Intern...
Centre asks states to formulate logistics policy
Centre asks states to formulate logistics policy
Source: Accord Fintech
4/09/2023 12:39:32 PM
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber PHD Chamber of Commerce and Industry in association with Invest India and Department of Industrial Policy & Promotion, Ministry of Commerce and Industry, Government of India organized the “Unnati India Opportunity Series - Investment Roadshow” on 29th August 2023, Tuesday.   Ms. Manmeet Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry reiterated that the government’s practices and poli...
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber
Source: PR Agency
31/08/2023 2:32:36 PM
Government likely to disburse about Rs 13,000 crore to eligible firms under PLI schemes: DPIIT secretary Secretary in the Department for promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said that the government is expected to disburse about Rs 13,000 crore to eligible firms seeking benefits under the production linked incentive (PLI) schemes, even though an exercise is going on to tweak the scheme for those sectors which have not yet picked up well. He said from the current year onwards, the disbursal number will be significantly larger. The government disbursed only Rs 2,...
Government likely to disburse about Rs 13,000 crore to eligible firms under PLI schemes: DPIIT secretary
Government likely to disburse about Rs 13,000 crore to eligible firms under PLI schemes: DPIIT secretary
Source: IANS
14/08/2023 12:20:53 PM
Government likely to come out with draft e-commerce policy soon The government is likely to come out with the draft of the much awaited e-commerce policy soon. The prospects of the policy being unveiled soon looked brighter as Commerce Minister Piyush Goyal on Wednesday held final round of consultations with industry players like Amazon, Flipkart, and Tata Digital among others. Consumer Affairs Secretary Rohit Kumar Singh and Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh were also present in the meetin...
Government likely to come out with draft e-commerce policy soon
Government likely to come out with draft e-commerce policy soon
Source: IANS
3/08/2023 9:06:12 AM
E-commerce growth in India to hit $150 bn by 2026 The e-commerce transaction value in India is likely to rise from $83 billion in 2022 to nearly $150 billion in 2026 at a 16 per cent compound annual growth rate, a report showed on Wednesday. The Philippines, Indonesia, India, Malaysia and Vietnam are projected to lead e-commerce growth in APAC through 2026, according to the FIS Global Payments Report 2023. “India has emerged as a global payments leader, developing the next generation of real-time payments infrastructure with the ...
E-commerce growth in India to hit $150 bn by 2026
E-commerce growth in India to hit $150 bn by 2026
Source: IANS
5/07/2023 4:01:19 PM
PM GatiShakti must be effectively leveraged to extend benefits to nation: Piyush Goyal Union Minister of Commerce and Industry, Piyush Goyal has said that PM GatiShakti must be effectively leveraged using the Area Development Approach to extend benefits to the nation beyond the infrastructure sector and emphasized upon the Ministries/Departments to harness the full potential of the integrated platform to further accelerate India's infrastructure and economic growth. Union Minister further said that the Agriculture sector can be supported by setting up common facilities o...
PM GatiShakti must be effectively leveraged to extend benefits to nation: Piyush Goyal
PM GatiShakti must be effectively leveraged to extend benefits to nation: Piyush Goyal
Source: Accord Fintech
16/06/2023 2:37:10 PM
PM GatiShakti should be leveraged to benefit sectors beyond infrastructure: Piyush Goyal  Commerce Minister Piyush Goyal said that PM GatiShakti must be effectively leveraged using the area development approach to extend benefits to the nation beyond the infrastructure sector. Goyal said this while chairing a meeting to review the progress of PM GatiShakti with the department for promotion of industry and internal trade (DPIIT) and eight concerned ministries. The minister emphasised upon the participating ministries and departments to harness the full potential of the ...
PM GatiShakti should be leveraged to benefit sectors beyond infrastructure: Piyush Goyal
PM GatiShakti should be leveraged to benefit sectors beyond infrastructure: Piyush Goyal
Source: IANS
15/06/2023 4:14:15 PM
DPIIT to meet with retail traders to discuss compliance reduction The Department for Promotion of Industry and Internal Trade (DPIIT) is all set to discuss issues related to further reducing compliance burden and promoting ease of doing business for the retail sector at a meeting of retail traders on June 16.  The meeting will be chaired by the department's joint secretary Sanjiv. The officials from ministries and departments related to the retail sector will also participate. The department is taking a series of measures in order to promote the...
DPIIT to meet with retail traders to discuss compliance reduction
DPIIT to meet with retail traders to discuss compliance reduction
Source: Accord Fintech
15/06/2023 2:35:23 PM
PLI schemes help increase production, employment generation, and exports: DPIIT Secretary Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said that the production-linked incentive (PLI) schemes have led to an increase in production, employment generation, and exports of the country. He said due to the schemes, there was an increase of 76 per cent in foreign direct investment in the manufacturing sector in 2021-22 ($21.34 billion) compared to 2020-21 ($12.09 billion). Singh stated that the schemes were announced for 14 sect...
PLI schemes help increase production, employment generation, and exports: DPIIT Secretary
PLI schemes help increase production, employment generation, and exports: DPIIT Secretary
Source: Accord Fintech
14/06/2023 11:32:01 AM
Inter-ministerial consultation going on to frame e-commerce policy: DPIIT secretary Secretary in the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh said that an inter-ministerial consultation is going on to frame an e-commerce policy which would help in providing a conducive environment for inclusive and harmonious growth of the sector. He said that broadly the intention is to make the policy work along with the consumer protection rules and not in conflict with each other.  The secretary noted that the policy aims to prepare strat...
Inter-ministerial consultation going on to frame e-commerce policy: DPIIT secretary
Inter-ministerial consultation going on to frame e-commerce policy: DPIIT secretary
Source: Accord Fintech
5/06/2023 11:47:44 AM
Hardening interest rates, geo-political risks impactingn FDI inflows in FY23: Rajesh Kumar Singh  Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said hardening interest rates globally and worsening geo-political situation have impacted the foreign direct investment (FDI) inflows into India in 2022-23. Singh said the department would analyse the reasons for the contraction in FDI in five important sectors like computer hardware and software; construction, education, automobiles and metallurgical industries. These five sector...
Hardening interest rates, geo-political risks impactingn FDI inflows in FY23: Rajesh Kumar Singh
Hardening interest rates, geo-political risks impactingn FDI inflows in FY23: Rajesh Kumar Singh
Source: Accord Fintech
31/05/2023 11:21:00 AM
FDI into India decline by 22% to $46 billion in 2022-23 The Department for Promotion of Industry and Internal Trade (DPIIT) in its data showed that foreign direct investment (FDI) into India declined by 22 per cent to $46 billion in 2022-23, as compared to $58.77 billion during 2021-22. The fall in FDI was mainly due to lower inflows in computer hardware and software, and automobile industry. Total FDI inflows, which include equity inflows, re-invested earnings and other capital, declined by 16 per cent to $70.97 billion in the last fiscal as agai...
FDI into India decline by 22% to $46 billion in 2022-23
FDI into India decline by 22% to $46 billion in 2022-23
Source: Accord Fintech
30/05/2023 9:53:55 AM
India could consider broken rice shipments through diplomatic deals India could consider supplying broken rice to other countries only through diplomatic channels, the Directorate General of Foreign Trade, an arm of the trade ministry, said in an order on Wednesday. India banned overseas shipments of broken rice and imposed a 20% duty on exports of various other grades in September 2022 amid concern over production because of below-average monsoon rainfall in key growing states. China was the biggest buyer of India's broken rice, with purchases of 1...
India could consider broken rice shipments through diplomatic deals
India could consider broken rice shipments through diplomatic deals
Source: Reuters
25/05/2023 9:34:33 AM
Government considering extending benefits of PLI scheme to some labour-intensive sectors: DPIIT Secretary Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has highlighted that the production-linked incentive (PLI) scheme is showing significant dividends across many sectors. He said the benefits under the PLI scheme are yielding positive results and thus, the government is considering extending the benefits of the PLI scheme to some labour-intensive sectors. The government provides financial incentives under the PLI scheme to as many as 14 sectors...
Government considering extending benefits of PLI scheme to some labour-intensive sectors: DPIIT Secretary
Government considering extending benefits of PLI scheme to some labour-intensive sectors: DPIIT Secretary
Source: Accord Fintech
18/05/2023 10:09:29 AM
KSUM ranked world's top public business incubator Kerala Startup Mission (KSUM), the nodal agency of the Kerala government for entrepreneurship development and incubation activities in the state, has been ranked as the world's top public business incubator. The ranking has been announced by the UBI Global World Benchmark Study 2021-2022 of Business Incubators and Accelerators, marking a major endorsement of its role in turning Kerala into a vibrant startup hub. For arriving at this recognition, UBI Global assessed 1,895 organisatio...
KSUM ranked world's top public business incubator
KSUM ranked world's top public business incubator
Source: IANS
18/05/2023 9:29:06 AM
Government working to bring in e-commerce policy, rules under consumer protection act on same page: DPIIT Secretary Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said that the government is working on a proposal to bring out the policy for online retailers and e-commerce rules under the consumer protection act on the same page to protect consumers. He said that once the e-commerce policy will be finalised, it will be put up in the public domain for views. Singh said ‘we are holding discussions to harmonise e-commerce policy and e-commerce r...
Government working to bring in e-commerce policy, rules under consumer protection act on same page: DPIIT Secretary
Government working to bring in e-commerce policy, rules under consumer protection act on same page: DPIIT Secretary
Source: Accord Fintech
12/05/2023 11:37:25 AM
India, UAE transform partnership between two countries by promoting two-way commerce: DPIIT Secretary The Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said the free trade agreement between India and the UAE has transformed the partnership between the two countries by promoting two-way commerce at a healthy rate. The agreement came into force on May 1 last year.  He said that initial gains of the pact have already started accruing with bilateral trade growing at around 20 per cent and touching an all-time high of around $84 bil...
India, UAE transform partnership between two countries by promoting two-way commerce: DPIIT Secretary
India, UAE transform partnership between two countries by promoting two-way commerce: DPIIT Secretary
Source: Accord Fintech
10/05/2023 9:52:11 AM
India-UAE bilateral trade grew 20% in 2022-23 Since the Comprehensive Economic Partnership Agreement (CEPA) came into existence, bilateral trade between India and UAE witnessed tremendous growth of 20 per cent in 2022-23 as against the previous year. India's exports to the UAE also recorded a remarkable growth of 12 per cent, reaching $31.3 billion in 2022-2023. This was stated by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh, who along with UAE's Minister of State for Foreign...
India-UAE bilateral trade grew 20% in 2022-23
India-UAE bilateral trade grew 20% in 2022-23
Source: IANS
9/05/2023 9:33:44 AM
Income Tax Department to soon notify norm of valuation for taxing foreign investment in unlisted companies The Income Tax Department will soon notify rules specifying the class of investors and norm of valuation for implementation of the Budget provision of taxing foreign investment in unlisted companies. The modified valuation rules would provide for ascertaining the fair market value (FMV) of shares of unlisted companies to levy tax on non-resident investments. The Finance Act, 2023, has amended Section 56 (2)(viib) of the I-T Act, thereby bringing overseas investment in unlisted closely held co...
Income Tax Department to soon notify norm of valuation for taxing foreign investment in unlisted companies
Income Tax Department to soon notify norm of valuation for taxing foreign investment in unlisted companies
Source: Accord Fintech
28/04/2023 10:03:47 AM
Government releases Rs 2,874.71 crore to beneficiaries of PLI scheme till March: Rajeev Singh Thakur Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajeev Singh Thakur has said that the government has released Rs 2,874.71 crore to the beneficiaries of the production-linked incentive (PLI) scheme till March, with a majority of companies from eight sectors like electronics, telecom, pharma and food processing. Thakur said these eight sectors are doing well, while few need to increase their pace. The scheme was announced in 2020 for 14 sectors wit...
Government releases Rs 2,874.71 crore to beneficiaries of PLI scheme till March: Rajeev Singh Thakur
Government releases Rs 2,874.71 crore to beneficiaries of PLI scheme till March: Rajeev Singh Thakur
Source: Accord Fintech
27/04/2023 10:08:27 AM
NPG under PM GatiShakti recommends four infrastructure projects of Railways The Network Planning Group (NPG) under PM GatiShakti examined and recommended four infrastructure projects. During the meeting, four projects by the Railways Ministry were examined by the NPG and recommended. These projects will be developed in tandem with the PM GatiShakti Principles using the integrated and holistic approach. These projects will also provide multimodal connectivity, seamless movement of goods and passengers as well as increase logistics efficiency across the country. ...
NPG under PM GatiShakti recommends four infrastructure projects of Railways
NPG under PM GatiShakti recommends four infrastructure projects of Railways
Source: IANS
7/04/2023 3:20:43 PM
DPIIT to set up task force for formulating logistics cost framework The commerce and industry ministry has said that a task force will be set up by the Department for Promotion of Industry and Internal Trade (DPIIT) for formulating a framework to determine logistics costs in the country in a time-bound fashion. The task force members would include representatives from NITI Aayog, Ministry of Statistics and Programme Implementation (MOSPI), National Council of Applied Economic Research (NCAER), academic experts and other stakeholders. Further, Commerce and ...
DPIIT to set up task force for formulating logistics cost framework
DPIIT to set up task force for formulating logistics cost framework
Source: Accord Fintech
22/03/2023 11:56:12 AM
Startups, entire innovation ecosystem are engines of growth for any country: Som Parkash The Minister of State in the Ministry of Commerce and Industry, Som Parkash has said that startups and the entire innovation ecosystem are the engines of growth for any country and recognizing this aspect, the Government launched Startup India initiative in 2016 with an aim to build a stronger ecosystem for nurturing India’s startup culture that would further drive the economic growth, support entrepreneurship, and enable large-scale employment opportunities. The Minister further not...
Startups, entire innovation ecosystem are engines of growth for any country: Som Parkash
Startups, entire innovation ecosystem are engines of growth for any country: Som Parkash
Source: Accord Fintech
16/03/2023 2:07:11 PM
Government working to bring national retail trade policy to promote ease of doing business: Sanjiv Singh In order to promote ease of doing business, Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv Singh has said that the government is working to bring a national retail trade policy for brick and mortar retail traders. He added that the policy would also help in providing better infrastructure and more credit to traders. Sanjiv further said that the Department is also working to bring an e-commerce policy for online retailers. Besides, the Departme...
Government working to bring national retail trade policy to promote ease of doing business: Sanjiv Singh
Government working to bring national retail trade policy to promote ease of doing business: Sanjiv Singh
Source: Accord Fintech
6/03/2023 1:09:43 PM
Prime Minister Narendra Modi to address a post-Budget webinar on Saturday Prime Minister Narendra Modi will address the post-Budget webinar on 'Infrastructure and Investment - Improving Logistics Efficiency with PM Gati Shakti National Master Plan' on March 4 (Saturday), an official said on Friday. It is a part of 12 post-Budget webinars being organised by the Central government to seek ideas for implementation of the budgetary announcements. The Union Budget adopts seven priorities which complement each other and act as the 'Saptarishi' guidi...
Prime Minister Narendra Modi to address a post-Budget webinar on Saturday
Prime Minister Narendra Modi to address a post-Budget webinar on Saturday
Source: IANS
3/03/2023 5:19:47 PM
Reliance Jio to bring 5G to every Indian by December 2023: Akash Ambani Reliance Jio has launched True 5G service in 277 cities across the country and is on the path to achieve the declared goal to increase the Jio 5G footprint to cover every town, taluka and tehsil across the country by December this year, Akash Ambani, Chairman of Reliance Jio Infocomm Ltd, said on Tuesday. Addressing a post-budget webinar coordinated by the Ministry of Electronics and IT (MeitY) and Department of Promotion of Industry and Internal Trade (DPIIT), he added that this will be t...
Reliance Jio to bring 5G to every Indian by December 2023: Akash Ambani
Reliance Jio to bring 5G to every Indian by December 2023: Akash Ambani
Source: IANS
28/02/2023 4:36:54 PM
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech Prime Minister Narendra Modi on Tuesday will address a post-budget webinar on the theme 'Unleashing the Potential: Ease of living Using Technology' via video conferencing. The webinar will be led by the ministry of electronics and information technology (MeitY) and co-led by the department of promotion of industry and internal trade (DPIIT). It will involve discussions on the budget announcements pertaining to the theme and the specifics catering to MeitY, DPIIT, department of j...
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech
Source: IANS
28/02/2023 9:14:45 AM
88% of Rs 14K cr AIF funding goes to startups in 5 states; Karnataka tops list Nearly 88 per cent of the investments made by Alternative Investment Funds (AIFs) under the Startups FFS (Fund for Funds) Scheme have gone to five states. Karnataka has topped the list of states with an investment of Rs 4,687 crore out of the total investment of Rs 14,077 crore spread across the country. The Fund of Funds for Startups (FFS) Scheme was approved and established in 2016 with a corpus of Rs 10,000 crore, with contribution spread over the 14th and 15th Finance Commission cycle ...
88% of Rs 14K cr AIF funding goes to startups in 5 states; Karnataka tops list
88% of Rs 14K cr AIF funding goes to startups in 5 states; Karnataka tops list
Source: IANS
12/02/2023 11:29:35 AM
DPIIT reviews progress made by Social Sector Ministries in adoption of PM GatiShakti NMP The Department for Promotion of Industry and Internal Trade (DPIIT) held a meeting to review the progress made by Social Sector Ministries in adopting the PM GatiShakti NMP. The Plan promotes a transformative and sustainable approach for transforming India's infrastructural landscape. Through integrated planning and synchronised project implementation across all concerned Ministries and state governments. A whole of the Government Approach is being adopted, for better decision-making, ...
DPIIT reviews progress made by Social Sector Ministries in adoption of PM GatiShakti NMP
DPIIT reviews progress made by Social Sector Ministries in adoption of PM GatiShakti NMP
Source: IANS
4/02/2023 4:05:59 PM
India presents itself as resilient economy at World Economic Forum in Davos India has reiterated its position as a resilient economy providing stable policy to the global investors at the World Economic Forum (WEF) at Davos. India's focus areas at WEF this year are investment opportunities, infrastructural landscape and its inclusive and sustainable growth story. Taking forward the strategy and presence of India during WEF Annual Meeting in May 2022, the Department for Promotion of Industry and Internal Trade (DPIIT) has taken the initiative to further stre...
India presents itself as resilient economy at World Economic Forum in Davos
India presents itself as resilient economy at World Economic Forum in Davos
Source: IANS
19/01/2023 10:37:37 AM
Possible to start business in a day in India now: DPIIT Secretary Due to improved ease of doing business environment in India, it is now possible to start a business in a day in the country, a top government official said on Tuesday. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said at the World Economic Forum Annual Meeting 2023 in Davos that several steps are being taken to further improve the ease of doing business in India, including on the labour laws front. All labour laws have been consolidated into f...
Possible to start business in a day in India now: DPIIT Secretary
Possible to start business in a day in India now: DPIIT Secretary
Source: IANS
17/01/2023 5:12:28 PM
Prime Minister GatiShakti maps data layers related to social sector infrastructure Data layers on important assets related to health, education, culture, tourism, Gram panchayats, municipal corporation, social welfare housing, among others, are being mapped for optimum use of PM GatiShakti for social infrastructure planning. A review meeting on this by Department for Promotion of Industry and Internal Trade (DPIIT) at Vanijya Bhawan in New Delhi was attended by Ministry of Housing of Urban Affairs, Department of School Education and Literacy, Department of Higher Educati...
Prime Minister GatiShakti maps data layers related to social sector infrastructure
Prime Minister GatiShakti maps data layers related to social sector infrastructure
Source: IANS
8/01/2023 9:34:40 AM
Commerce ministry hopeful of improvement in FDI inflows in coming months: DPIIT Joint Secretary The Department for Promotion of Industry and Internal Trade (DPIIT) Joint Secretary Manmeet K Nanda has said that the commerce and industry ministry is hopeful of improvement in foreign direct investment (FDI) inflows in the coming months despite global headwinds. According to the DPIIT data, FDI equity inflows into India contracted by 14 per cent to $26.9 billion during the April-September this fiscal. The total FDI inflows (which includes equity inflows, re-invested earnings and other capit...
Commerce ministry hopeful of improvement in FDI inflows in coming months: DPIIT Joint Secretary
Commerce ministry hopeful of improvement in FDI inflows in coming months: DPIIT Joint Secretary
Source: Accord Fintech
6/01/2023 9:28:02 AM
India`s startups to attract significant FDI in 2023: DPIIT Secretary Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain has said that the country's startups will attract significant foreign direct investments (FDI) in 2023 on account of steps being taken by the government to strengthen the ecosystem for budding entrepreneurs. He also said India has the third largest startup ecosystem in the world and the way startups here are performing; soon the country will become a top ecosystem globally. Jain said presently, Ind...
India`s startups to attract significant FDI in 2023: DPIIT Secretary
India`s startups to attract significant FDI in 2023: DPIIT Secretary
Source: Accord Fintech
28/12/2022 11:52:44 AM
DPIIT working closely with 24 sectors to boost domestic manufacturing, increase exports The Department for Promotion of Industry and Internal Trade (DPIIT) is working closely with 24 sectors in order to boost domestic manufacturing, increase exports and cut down imports. It said efforts are on to boost the growth of these sectors in a holistic and coordinated manner. These sectors include furniture, air-conditioners, footwear, auto components, aluminium, electronics, agrochemicals, steel, textiles, EV components and integrated circuits, ethanol, ceramics, set top boxes, robotics...
DPIIT working closely with 24 sectors to boost domestic manufacturing, increase exports
DPIIT working closely with 24 sectors to boost domestic manufacturing, increase exports
Source: Accord Fintech
19/12/2022 11:20:52 AM
Parliamentary panel to deliberate on climate adaptation investment The Parliamentary Standing Committee on Finance on Monday will deliberate on the subject "India's investment requirements for sustainable growth, particularly for climate adaptation and mitigation". The panel, headed by BJP MP Jayant Sinha, has summoned officials from Commerce Ministry's Department for Promotion of Industry and Internal Trade (DPIIT), to deliberate on the matter. The panel will also consider and adopt a report on the 'Anti-Competitive Practices by ...
Parliamentary panel to deliberate on climate adaptation investment
Parliamentary panel to deliberate on climate adaptation investment
Source: IANS
19/12/2022 9:43:38 AM
58% of government-recognised start-ups in 5 states; Maha tops list Nearly 58 per cent of the government-recognised start-ups are confined to just five states in the country. A total of 84,012 start-ups have been recognised by the government (as on November 30, 2022). However, the latest government data showed that nearly 60% of the total government recognized start-ups are from the states including Maharashtra, Karnataka, Delhi, Gujarat and Uttar Pradesh. While Maharashtra tops with 15,571 government recognised start-ups, states like Karnataka, Delhi, ...
58% of government-recognised start-ups in 5 states; Maha tops list
58% of government-recognised start-ups in 5 states; Maha tops list
Source: IANS
18/12/2022 9:43:35 AM
FDI equity inflows into India drop by 14% to $26.9 in first half of FY23: DPIIT The Department for Promotion of Industry and Internal Trade (DPIIT) in its latest data has showed that Foreign Direct Investment (FDI) equity inflows into India contracted by 14 per cent to USD 26.9 billion during the April-September (first half) this fiscal (FY23). The inflows had stood at USD 31.15 billion during the corresponding period of the previous year. The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) too declined to USD 39 billion dur...
FDI equity inflows into India drop by 14% to $26.9 in first half of FY23: DPIIT
FDI equity inflows into India drop by 14% to $26.9 in first half of FY23: DPIIT
Source: Accord Fintech
24/11/2022 10:37:19 AM
DPIIT invites suggestions from businesses, citizens on issues in starting, running business With an aim to further improve ease of doing business and ease of living, Department for Promotion of Industry and Internal Trade (DPIIT) is inviting suggestions from businesses and citizens on issues in starting and running a business. It further noted that any minor violation under different provisions/sections can be suggested for decriminalization. The aim of this move is to make ‘New India’ a preferred investment destination across the globe and ensure hassle-free service ...
DPIIT invites suggestions from businesses, citizens on issues in starting, running business
DPIIT invites suggestions from businesses, citizens on issues in starting, running business
Source: Accord Fintech
10/10/2022 4:43:38 PM
`Rajasthan to be first state to implement green hydrogen policy` Rajasthan Industries Minister Shakuntala Rawat said on Friday that the state would be the first in the country to implement a green hydrogen policy. Rawat was addressing the 'Future Ready Sector Conclave' as part of the Invest Rajasthan summit here on Friday. In her address, Rawat said that the state has made unprecedented progress in the field of renewable energy. "Today Rajasthan is the first state in the whole country in the field of solar energy," the minister s...
`Rajasthan to be first state to implement green hydrogen policy`
`Rajasthan to be first state to implement green hydrogen policy`
Source: IANS
8/10/2022 10:11:11 AM
Swachhata Startup Challenge' receives 236 solutions The government has received a total of 236 solutions under 'Swachhata Startup Challenge' which was launched by the Ministry of Urban Affairs in collaboration with Department for Promotion of Industry and Internal Trade (DPIIT) to promote an enabling environment for development startups and entrepreneurs in the waste management sector. Officials said that a total of 236 solutions across four themes including social inclusion, zero dump (solid waste management), plastic waste managem...
Swachhata Startup Challenge' receives 236 solutions
Swachhata Startup Challenge' receives 236 solutions
Source: IANS
3/09/2022 10:05:14 AM
FDI equity inflows into India contract by 6% to $16.59 billion during April-June quarter this fiscal: DPIIT The Department for Promotion of Industry and Internal Trade (DPIIT) in its latest data has said that Foreign Direct Investment (FDI) equity inflows into India contracted by 6 per cent to $16.59 billion during the April-June quarter this fiscal. The inflows had stood at $17.56 billion during the corresponding period of the previous year. It stated the total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at $22.34 billion during the first three...
FDI equity inflows into India contract by 6% to $16.59 billion during April-June quarter this fiscal: DPIIT
FDI equity inflows into India contract by 6% to $16.59 billion during April-June quarter this fiscal: DPIIT
Source: Accord Fintech
1/09/2022 12:50:55 PM
Government working on to reduce compliance issues with focus on ease of doing business: Rupa Dutta The principal economic advisor with the Department for Promotion of Industry and Internal Trade (DPIIT) Rupa Dutta has said that the government is working on to reduce compliance issues with a focus on ease of doing business and has introduced the Insolvency and Bankruptcy Code (IBC) keeping that in mind. She said the government is taking steps for a prospective future and measures are needed to sustain the growth momentum as India is now the fastest growing economy in the world.  Dut...
Government working on to reduce compliance issues with focus on ease of doing business: Rupa Dutta
Government working on to reduce compliance issues with focus on ease of doing business: Rupa Dutta
Source: Accord Fintech
7/07/2022 2:06:44 PM
Government considering to roll out PLI scheme for apparel sector to boost exports: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that the government is considering to roll out the production-linked incentive (PLI) scheme for the apparel sector to boost domestic manufacturing and exports. He said that discussions on the same are underway between the textiles ministry, the department for promotion of industry and internal trade (DPIIT) and Niti Aayog. He noted that the government has announced the PLI scheme with an outlay of Rs 1.97 lakh crore for over a dozen sectors...
Government considering to roll out PLI scheme for apparel sector to boost exports: Piyush Goyal
Government considering to roll out PLI scheme for apparel sector to boost exports: Piyush Goyal
Source: Accord Fintech
27/06/2022 12:25:30 PM
Startups can help rural economy go digital: Piyush Goyal Union Minister of Commerce and Industry, Piyush Goyal, on Wednesday called upon startups to help micro-entrepreneurs in rural areas leverage technology to grow their businesses and encourage farmers, weavers and artisans to use digital platforms to sell their products. "Startups will help India's transition from an assembly economy, particularly in the digital world, to a knowledge-based economy," Goyal said while virtually addressing the 16th India Digital Summit 2022 here o...
Startups can help rural economy go digital: Piyush Goyal
Startups can help rural economy go digital: Piyush Goyal
Source: IANS
13/01/2022 9:28:37 AM
Piyush Goyal inaugurates first Startup India Innovation week Union Minister of commerce & Industry Piyush Goyal on Monday inaugurated the first Startup India Innovation Week here to bring together the country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, etc., under one platform to celebrate entrepreneurship and promote innovation. The Department for Promotion of Industry and Internal Trade (DPIIT) is organising the first-ever Startup India Innovation Week from January10-16. This virtual week-lo...
Piyush Goyal inaugurates first Startup India Innovation week
Piyush Goyal inaugurates first Startup India Innovation week
Source: IANS
10/01/2022 3:26:01 PM
Government to organise first-ever Startup India 'Innovation Week' The Centre will organise the first-ever Startup India "Innovation Week" from Monday to bring together the country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, etc under one platform to celebrate entrepreneurship and promote innovation, and to showcase the spread and depth of entrepreneurship across India, an official statement said. According to the Commerce and Industry Ministry statement, the Department for Promotion of Indust...
Government to organise first-ever Startup India 'Innovation Week'
Government to organise first-ever Startup India 'Innovation Week'
Source: IANS
10/01/2022 9:27:07 AM