Commerce And-industry-ministry

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Commerce And-industry-ministry - Total results - 40
Coronavirus Lockdown: Eight core sector output contracts by record 38.1% in April; cement falls 86%, steel by 84%
Business

Coronavirus Lockdown: Eight core sector output contracts by record 38.1% in April; cement falls 86%, steel by 84%

The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data

Commerce ministry asks e-commerce firms to gradually slash single-use plastic in packaging
Business

Commerce ministry asks e-commerce firms to gradually slash single-use plastic in packaging

The commerce and industry ministry has advised e-commerce companies to gradually slash single-use plastic in packaging of products being sold through their platforms

FDI up 28% to $16.33 bn in April-June 2019 quarter; Singapore emerges largest source of foreign investment
Business

FDI up 28% to $16.33 bn in April-June 2019 quarter; Singapore emerges largest source of foreign investment

Foreign direct investment into India grew by 28 percent to $16.33 billion during the first quarter of the current fiscal, according to government data

Startup rankings for states: Commerce and industry ministry extends deadline for responses to 30 September
Business

Startup rankings for states: Commerce and industry ministry extends deadline for responses to 30 September

As many as 27 states and three UTs participated in the first exercise. Gujarat had emerged as the best performer in developing a startup ecosystem for budding entrepreneurs last year.

DPIIT for shortening compliance time to just 1 hour per month for startups to ease regulatory requirements
Business

DPIIT for shortening compliance time to just 1 hour per month for startups to ease regulatory requirements

At present, startups comply with a plethora of requirements such as GST filings, tax returns and other local laws every month, the official said.

Exports to hit $330 bn in 2018-19; nine sectors identified to achieve 16% growth this financial year: Suresh Prabhu
Business

Exports to hit $330 bn in 2018-19; nine sectors identified to achieve 16% growth this financial year: Suresh Prabhu

He said the country's merchandise exports have seen high growth in the past six years through sector-specific interventions, focused export promotion initiatives, and quick resolution of issues.

Angel tax: CBDT notifies relaxed norms for startups, to be effective with retrospective effect from 19 February
Business

Angel tax: CBDT notifies relaxed norms for startups, to be effective with retrospective effect from 19 February

It is dubbed as angel tax due to its impact on investments made by angel investors in startup

Startups seek scrapping of contentious angel tax proposal; govt may increase investment limit for exemption
Business

Startups seek scrapping of contentious angel tax proposal; govt may increase investment limit for exemption

Various startups have raised concerns on notices sent to them under the Section 56 of Income Tax Act to pay taxes on angel funds received by them.

Working group of Commerce and Industry Ministry suggests measures to increase size of economy to $5 trillion by 2025
Business

Working group of Commerce and Industry Ministry suggests measures to increase size of economy to $5 trillion by 2025

According to group's report, agriculture and manufacturing sectors can contribute $1 trillion each

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance
Business

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance

The revised policy on FDI in online retail said that these firms have to offer equal services or facilities to all its vendors without discrimination.

Traders' body CAIT urges Commerce and Industry Ministry not to allow sale of private labels on e-commerce sites
Business

Traders' body CAIT urges Commerce and Industry Ministry not to allow sale of private labels on e-commerce sites

Private labels -- often sold at lower prices -- allow e-commerce companies to control quality and even offers better margins than big, established brands.

New draft e-commerce policy to focus on transparency in pricing and discounts: Suresh Prabhu
Business

New draft e-commerce policy to focus on transparency in pricing and discounts: Suresh Prabhu

The exercise started after some concerns were raised on certain proposals of the first draft e-commerce policy, which was prepared by a task force.

Commerce and industry ministry drafting new e-commerce policy to boost online retail sector: DIPP secretary
Business

Commerce and industry ministry drafting new e-commerce policy to boost online retail sector: DIPP secretary

The draft had suggested to introduce a pre-set timeframe for offering differential pricing or deep discounts by e-commerce players to customers.

Govt to set up medical devices promotion body to boost manufacturing, attract investments
Business

Govt to set up medical devices promotion body to boost manufacturing, attract investments

Medical devices industry plays a critical role in the healthcare ecosystem and is indispensable to achieve the goal of health for all citizens.

Infrastructure growth slows down to 4.8% in October on contraction in fertiliser, crude oil production
Business

Infrastructure growth slows down to 4.8% in October on contraction in fertiliser, crude oil production

Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 percent in October 2017.

Govt working on new industrial policy to help link domestic industry with global supply chain: Suresh Prabhu
Business

Govt working on new industrial policy to help link domestic industry with global supply chain: Suresh Prabhu

The proposed policy also look to reduce regulatory hurdles and encourage adoption of frontier technologies such as robotics and artificial intelligence

Narendra Modi says govt will unveil new agriculture export policy soon, on track to double farmers' income by 2022
Business

Narendra Modi says govt will unveil new agriculture export policy soon, on track to double farmers' income by 2022

Prime Minister Narendra Modi on Wednesday said a new agriculture export policy will be unveiled soon to boost farm income as the government is on track to achieve the target of doubling farmers' income by 2022.

Government may release second draft of e-commerce policy for public consideration in a fortnight
Business

Government may release second draft of e-commerce policy for public consideration in a fortnight

An initial draft of the proposed national e-commerce policy was circulated among stakeholders last month to receive their comments

Infrastructure sector growth dips to 10-month low of 3.6% in May, shows commerce ministry data
Business

Infrastructure sector growth dips to 10-month low of 3.6% in May, shows commerce ministry data

Growth of eight infrastructure industries dropped to a 10-month low of 3.6 percent in May due to a decline in production of crude oil and natural gas