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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
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
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
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
Government signs contracts for 31 small fields, 4 coal bed methane blocks  The government has signed contracts for 31 discovered small fields (DSF) under the third round of bidding as well as for four coal bed methane (CBM) blocks under the fifth round of bidding with 14 domestic companies, which have been awarded these blocks. Among these blocks, the Oil and Natural Gas Corporation (ONGC) has signed six contracts for DSF, with 3 each for fields in the Arabian Sea and Bay of Bengal. These include four contract areas as sole bidder and two contract areas in ...
Government signs contracts for 31 small fields, 4 coal bed methane blocks
Government signs contracts for 31 small fields, 4 coal bed methane blocks
Source: IANS
12/09/2022 9:27:34 AM
India power minister expects energy crisis to persist  India's power minister said on Wednesday the current global energy crisis is likely to go on for some time due to the "cartelisation" of the fossil fuel industry, not just because of the Ukraine conflict. "This crisis is going to stay," Minister of Power Raj Kumar Singh said at the Sydney Energy Forum, co-hosted by Australia and the International Energy Agency. "I believe this crisis has been in the making for some time." The crisis has been cause...
India power minister expects energy crisis to persist
India power minister expects energy crisis to persist
Source: Reuters
13/07/2022 8:43:41 AM