News

Centre amends QCO on bicycle retro-reflective devices for ease of doing biz To ensure the quality of ‘Make in India’ products and enable ease of doing business, the government on Saturday announced to amend the quality control order (QCO) pertaining to the bicycle retro-reflective devices.  With the QCO amendment, the Department for Promotion of Industry and Internal Trade (DPIIT) has exempted manufacturers for import of 200 bicycle reflectors for research and development of such goods and articles. It has also exempted import of bicycles refle...
Centre amends QCO on bicycle retro-reflective devices for ease of doing biz
Centre amends QCO on bicycle retro-reflective devices for ease of doing biz
Source: IANS
2024-10-26 02:43:12 pm
Centre joins HCLSoftware to boost startup manufacturing ecosystem In a bid to transform the startup manufacturing ecosystem, the government has formed a strategic partnership with HCLSoftware, a global leader in software solutions.  Under the 'Manufacturing Incubation Initiative,’ startups will have access to the ‘HCL SYNC programme for global market exposure, allowing them to showcase their products and services worldwide, thus taking Indian innovation to an international audience. The collaboration marks a substantial step forwa...
Centre joins HCLSoftware to boost startup manufacturing ecosystem
Centre joins HCLSoftware to boost startup manufacturing ecosystem
Source: IANS
2024-10-26 11:27:03 am
Jan Vishwas 2.0 to further boost ‘Make in India’ initiative: Centre The government on Saturday said it is working on nearly 100 rules and laws of various departments to bring ‘Jan Vishwas 2.0’ bill to achieve a greater ease of doing business environment in the country.  The Department for Promotion of Industry and Internal Trade (DPIIT) said in a statement that the work is being done as the priority area under the first 100-day thrust of the present government. To support the “Make in India” initiative, the government enacte...
Jan Vishwas 2.0 to further boost ‘Make in India’ initiative: Centre
Jan Vishwas 2.0 to further boost ‘Make in India’ initiative: Centre
Source: IANS
2024-09-29 08:31:38 am
Centre empowered over 10K startups with Rs 580 cr funding in 5 years The Union government empowered more than 10,000 technology startups through various schemes in the last five years, said Jitin Prasada, Minister of State for Electronics & Information Technology, in a written reply to a question in Rajya Sabha.  The Centre disbursed a total funding of Rs 580 crore to startups through incubators including over 3,600 tech startups supported by the Ministry of Electronics and Information Technology (MeitY) with a total disbursed funding of Rs 212 cro...
Centre empowered over 10K startups with Rs 580 cr funding in 5 years
Centre empowered over 10K startups with Rs 580 cr funding in 5 years
Source: IANS
2024-08-03 10:09:53 am
ONDC launches interoperable QR code to empower Indian ecommerce sellers The government’s Open Network for Digital Commerce (ONDC) on Tuesday introduced an interoperable QR code that is set to transform the e-commerce landscape and empower every seller -- from local artisans to neighbourhood shopkeepers.  Sellers have been limited by platform constraints, struggling to make their products visible to a wider audience. The interoperable QR code, currently in its alpha phase, allows sellers to generate a unique QR code that customers can scan using a...
ONDC launches interoperable QR code to empower Indian ecommerce sellers
ONDC launches interoperable QR code to empower Indian ecommerce sellers
Source: IANS
2024-07-30 03:16:00 pm
Over 1.4 lakh recognised startups in India created more than 15.5 lakh direct jobs The Centre on Monday said that recognised startups have reported to have generated more than 15.5 lakh direct jobs to date, as it detailed various initiatives taken by ministries and departments to help create even more jobs and nurture young entrepreneurs in years to come.  The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1,40,803 entities as startups (as of June 30), said Minister of State (Independent Charge) for Skill Development and Entrepreneurs...
Over 1.4 lakh recognised startups in India created more than 15.5 lakh direct jobs
Over 1.4 lakh recognised startups in India created more than 15.5 lakh direct jobs
Source: IANS
2024-07-29 04:19:50 pm
DPIIT working on proposal to further tighten FDI norms in tobacco sector The Department for Promotion of Industry and Internal Trade (DPIIT) is working on a proposal to further tighten the foreign direct investment (FDI) norms in the tobacco sector to check promotional activities and curb smuggling in the segment as firms are trying to circumvent norms. At present, FDI is prohibited in the manufacturing of cigars, cheroots, cigarillos and cigarettes of tobacco or its substitutes.  However, it is permitted in technology collaboration in any form, including ...
DPIIT working on proposal to further tighten FDI norms in tobacco sector
DPIIT working on proposal to further tighten FDI norms in tobacco sector
Source: Accord Fintech
2024-07-29 12:51:14 pm
India now home to more than 1.4 lakh startups: Union Minister India now has more than 1.4 lakh startups, as the government continues to nurture innovation and encourage investments in the ecosystem, Union Minister of State for Commerce and Industry, Jitin Prasada, informed on Friday. In a reply to a question in the Rajya Sabha, the minister said that under the ‘Startup India’ initiative, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1,40,803 entities as startups (as of June 30). Over 55 regulatory r...
India now home to more than 1.4 lakh startups: Union Minister
India now home to more than 1.4 lakh startups: Union Minister
Source: Ians
2024-07-27 08:57:39 am
Angel tax abolition to further ease funding winter for Indian startups: Experts The abolition of angel tax will further ease the funding winter for the Indian startup ecosystem as the tax burden will go away for foreign investors, industry experts said on Friday.  The Department for Promotion of Industry and Internal Trade (DPIIT) has emphasised that the pipeline of funds should get better with abolition of the angel tax. The Indian private equity and venture capital investments in 2023 stood at $39 billion compared to $62 billion in 2022. This decline was agg...
Angel tax abolition to further ease funding winter for Indian startups: Experts
Angel tax abolition to further ease funding winter for Indian startups: Experts
Source: IANS
2024-07-26 05:02:07 pm
Angel tax abolished on startups to boost local innovation In a major relief for the startup ecosystem, the government on Tuesday announced to abolish angel tax to further boost local talent and innovation.  The industry had sought rationalisation of Angel Tax by removing Section 56(2)(viib) in order to further nurture innovation among startups, saying scrapping this section would "greatly aid in capital formation" for the startup sector. Under Section 56(2) (viib) of the Income Tax Act, to become eligible for angel tax exemption...
Angel tax abolished on startups to boost local innovation
Angel tax abolished on startups to boost local innovation
Source: IANS
2024-07-23 02:36:17 pm
'Made in India' branding on steel products to take country on global stage As India doubles down on domestic manufacturing of products across industries, the steel producers in the country are not lagging behind and most of them now have achieved labelling their products as ‘Made in India’.  Apart from making Indian steel products more attractive to buyers, the initiative would also ensure standardised quality of goods. The first-of-its-kind initiative was launched by Prime Minister Narendra Modi and was later conceptualised by the Department ...
'Made in India' branding on steel products to take country on global stage
'Made in India' branding on steel products to take country on global stage
Source: IANS
2024-06-18 12:31:29 pm
India to regain its share in global trade on back of sustained growth rates: DPIIT Secretary  India was at 11th place in the world GDP rankings and today, the country is at the fifth position -- jumping six places in the last decade or so and it is only inevitable that we will go to the third spot in the next 2-3 years, Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), said on Saturday. Speaking at a session on the second day of the 'CII Annual Business Summit 2024' in the national capital, Singh said that the country is i...
India to regain its share in global trade on back of sustained growth rates: DPIIT Secretary
India to regain its share in global trade on back of sustained growth rates: DPIIT Secretary
Source: IANS
2024-05-18 02:46:18 pm
FDI inflows in India decline 13% to $32.03 billion in April-December 2023 The Department for Promotion of Industry and Internal Trade (DPIIT) in its latest data has showed that foreign direct investment (FDI) inflows in India declined 13 per cent to $32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors. FDI inflows stood at $36.74 billion during the corresponding nine months of the preceding fiscal. The total FDI -- which includes equity inflows, reinvested earnings and other ca...
FDI inflows in India decline 13% to $32.03 billion in April-December 2023
FDI inflows in India decline 13% to $32.03 billion in April-December 2023
Source: Accord Fintech
2024-02-29 03:57:43 pm
ONDC wins `Start-up of the Year`award at 14th India Digital Awards The Open Network for Digital Commerce (ONDC) on Thursday said that it has been awarded the "Start-up of the Year'' at the 14th India Digital Awards. The award recognised ONDC's contribution in developing a one-of-its-kind Open Network for digital commerce in India. Instituted in 2010, the India Digital Awards recognise excellence in digital initiatives undertaken by government, businesses, and individuals in the country. "ONDC is delighted to be named Start-up o...
ONDC wins `Start-up of the Year`award at 14th India Digital Awards
ONDC wins `Start-up of the Year`award at 14th India Digital Awards
Source: IANS
2024-02-29 01:00:00 pm
Aspirational India`s integration with startup sector to further propel economy: Centre The integration of the aspirational India with the startup sector will propel India’s economy in this 'Amrit Kaal' to become a 'Viksit Bharat' by 2047, the Centre said here on Tuesday. Union Minister of Commerce and Industry Piyush Goyal encouraged the involvement of youth with a bent of entrepreneurship and innovation at the ‘Startup Mahakumbh’ curtain-raiser event organised by the Department for Promotion of Industry and Internal Trade (DPIIT). While ...
Aspirational India`s integration with startup sector to further propel economy: Centre
Aspirational India`s integration with startup sector to further propel economy: Centre
Source: IANS
2024-02-27 04:28:19 pm
India`s DPI holds incredible promise, says Uber CEO as company partners ONDC Ride-hailing major Uber on Thursday signed an agreement with the government’s e-commerce platform Open Network for Digital Commerce (ONDC) to explore an integration with the network to expand the range of mobility offerings on the Uber app. Dara Khosrowshahi, Uber’s global CEO, spoke with Infosys Chairman Nandan Nilekani here during an event, saying that companies and governments around the world can learn from the scale and ambition of India’s Digital Public Infrastructu...
India`s DPI holds incredible promise, says Uber CEO as company partners ONDC
India`s DPI holds incredible promise, says Uber CEO as company partners ONDC
Source: IANS
2024-02-22 04:55:41 pm
EVs development, adoption to play major role in India`s transition to low carbon economy: Rajesh Kumar Singh Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said the vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure.  Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy. He said that...
EVs development, adoption to play major role in India`s transition to low carbon economy: Rajesh Kumar Singh
EVs development, adoption to play major role in India`s transition to low carbon economy: Rajesh Kumar Singh
Source: Accord Fintech
2024-01-23 10:18:50 am
DPIIT working closely with 24 sub-sectors to promote manufacturing, reduce imports The commerce and industry ministry has said that the department for promotion of industry and internal trade (DPIIT) is working closely with 24 sub-sectors which have been chosen keeping in mind the Indian industries strengths and competitive edge, need for import substitution, potential for export and increased employability. It added that these sub-sectors are -- furniture, air-conditioners, leather and footwear, ready to eat, fisheries, agri produce, auto components, aluminium, electronics...
DPIIT working closely with 24 sub-sectors to promote manufacturing, reduce imports
DPIIT working closely with 24 sub-sectors to promote manufacturing, reduce imports
Source: Accord Fintech
2023-12-27 01:32:20 pm
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran V. Anantha Nageswaran, the Chief Economic Advisor (CEA) to Government of India, said on Saturday that startups will play a key role in India achieving its ambitious developmental aspirations and becoming the third largest economy in the world in a few years' time. Delivering the Leadership Talk at the Huddle Global 2023 of Kerala Startup Mission (KSUM) on the third and final day of the event, Nageswaran pointed out that Tier-2 and Tier-3 cities of the country, including Thiruvananthapu...
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran
Source: IANS
2023-11-19 09:20:48 am
ONDC launches the `ONDC Guide App` as a go-to resource for the ONDC User Community Open Network for Digital Commerce (ONDC), an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, recently announced the launch of the ONDC Official Guide App, a significant milestone in its commitment to help and support the user community like Sellers, Buyers, Logistics Providers and the Network Participants. The guide is available for download from Google Play Store with language support in English, Hin...
ONDC launches the `ONDC Guide App` as a go-to resource for the ONDC User Community
ONDC launches the `ONDC Guide App` as a go-to resource for the ONDC User Community
Source: PR Agency
2023-11-01 12:42:22 pm