Department Of Industrial Policy And Promotion
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New FDI policy on e-commerce: Amazon, Flipkart among others seek extension of 1 February deadline
Fp Staff •Tightening norms for e-commerce firms having foreign investment, the government recently barred online marketplaces like Flipkart and Amazon from selling products of companies where they hold stakes
Corruption, securing funding key challenges for startups and small and medium enterprises in 2019 : Report
•Several startups and angel investors have, in the recent past, raised concerns over notices received from the income tax authorities
Startups panic as Income Tax Department sends notices over 'angel tax'; govt 'takes up the issue'
Fp Staff •Founders of some of the troubled startups are now planning to meet the secretary of the department of industrial policy & promotion (DIPP), Ramesh Abhishek
Ranking of states, Union Territories on startup development to be announced on 20 December
•The rankings are based on the initiatives taken to develop startup ecosystem for promoting budding entrepreneurs.
Invest India receives top UN Investment Promotion award for promoting renewable energy
Ians •A non-profit venture of the Department of Industrial Policy and Promotion, Invest India promotes sustainable investment.
Govt tenders worth Rs 15,000 crore cancelled over discriminatory conditions against domestic players
•Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said the cancelled tenders were re-issued by making changes to promote 'Make in India' initiative of the government.
Foreign direct investment in India grows 23% in Apr-Jun quarter of current fiscal, says govt data
•Singapore was the largest source of FDI during April-June 2018-19 with $6.52 billion, followed by Mauritius ($1.5 billion), Japan ($874 million), the Netherlands ($836 million), the UK ($648 million), and the US ($348 million).
Maharashtra slips from 10 to 13 in EODB ranks: Opposition blames poor coordination between Shiv Sena, BJP
•Maharashtra NCP spokesman Nawab Malik alleged that investors were afraid of doing business in the state due to the "rise in corruption
Andhra Pradesh ranked No. 1 state to do business in India; Gujarat ranking slips further
•In last year's ranking, Andhra Pradesh had jointly topped the chart with Telangana while Gujarat was relegated to the third position from the top slot in 2015.
Govt revises definition of a startup; everything you need to know about the new norms
Fp Staff •The Department of Industrial Policy and Promotion (DIPP), under Union Ministry for Commerce and Industry, amended the definition of a startup on Wednesday