Commerce And Industry Ministry

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

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

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

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

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

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

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

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

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.

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.