Dpiit

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Dpiit - Total results - 45
Andhra Pradesh retains top position in ease of doing business rankings 2019
Business

Andhra Pradesh retains top position in ease of doing business rankings 2019

Uttar Pradesh and Telangana were at the second and third place respectively, in the rankings prepared by the Department for Promotion of Industry and Internal Trade

Govt rejects Flipkart's proposal for entering food retail sector, company says will re-apply
Business

Govt rejects Flipkart's proposal for entering food retail sector, company says will re-apply

The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday

DPIIT asks telecom dept, BSNL to hold Rs 9,000 cr worth tender following allegations of anomalies
Business

DPIIT asks telecom dept, BSNL to hold Rs 9,000 cr worth tender following allegations of anomalies

The Department for Promotion of Industry and Internal Trade (DPIIT) has asked the telecom department and state-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies

Coronavirus Outbreak: DPIIT's control room resolves 1,739 issues of trade, industry during lockdown
Business

Coronavirus Outbreak: DPIIT's control room resolves 1,739 issues of trade, industry during lockdown

All the senior officers of the DPIIT have been assigned specific states with which they continuously interact and urge upon the state functionaries to initiate action on pending issues.

Home, DPIIT secretaries talk to industry associations for speeding up economic, industrial activities: Govt
Business

Home, DPIIT secretaries talk to industry associations for speeding up economic, industrial activities: Govt

The DPIIT in a tweet said that the conference with industry associations was "to facilitate permits for industrial activities in order to boost economic activities."

Changes in FDI rules necessary to ensure no Indian entity is shortchanged during COVID-19 pandemic, especially by 'opportunist' China
World

Changes in FDI rules necessary to ensure no Indian entity is shortchanged during COVID-19 pandemic, especially by 'opportunist' China

With its new FDI rules, the Government of India has decided to ensure that the country comes out of the COVID-19 pandemic with its industries and entities intact and still in Indian control

Coronavirus Outbreak: Govt nod must for FDI from neighbouring countries, says DPIIT; move aims to curb 'opportunistic takeover' of Indian firms
Business

Coronavirus Outbreak: Govt nod must for FDI from neighbouring countries, says DPIIT; move aims to curb 'opportunistic takeover' of Indian firms

The decision, which is likely to impact FDI from countries like China, has been taken to curb 'opportunistic takeovers or acquisitions' of domestic firms due to the current COVID-19 pandemic.

Coronavirus Outbreak: DPIIT suggests Home Ministry permit limited activity in select sectors with safeguards
Business

Coronavirus Outbreak: DPIIT suggests Home Ministry permit limited activity in select sectors with safeguards

Big companies with proper sanitation and distancing norms in place in sectors such as textiles, automobiles and electronic manufacturing—20 percent to 25 percent capacity in single shift—may be considered to start with, according to the letter.

Coronavirus Outbreak: DPIIT to monitor real-time status of transport, delivery of essential commodities
Business

Coronavirus Outbreak: DPIIT to monitor real-time status of transport, delivery of essential commodities

The Department for Promotion of Industry and Internal Trade (DPIIT) has set up a control room to monitor in real-time the status of transportation and delivery of essential commodities amid the coronavirus lockdown in the country

Govt mulls single application form, investment clearance cell to woo investors; likely to set timelines for approvals
Business

Govt mulls single application form, investment clearance cell to woo investors; likely to set timelines for approvals

The department is also considering framing law for the proposed investment clearance cell and defined timelines for approvals for central departments.

India hopes to continue FDI growth story in 2020; Centre, states working to provide stable policies for entry of foreign firms
Business

India hopes to continue FDI growth story in 2020; Centre, states working to provide stable policies for entry of foreign firms

Although the FDI is allowed through automatic route in most of the sectors, certain areas such as defence, telecom, media, pharmaceuticals and insurance, government approval is required for foreign investors.

Govt likely to provide tax incentives for startups in forthcoming Budget to support budding entrepreneurs
Business

Govt likely to provide tax incentives for startups in forthcoming Budget to support budding entrepreneurs

The Department for Promotion of Industry and Internal Trade has suggested several measures to the finance ministry for startups in the Budget.

WhatsApp to invest $250,000 in partnership with Startup India to boost Indian startup community
News & Analysis

WhatsApp to invest $250,000 in partnership with Startup India to boost Indian startup community

Ever since WhatsApp Business has gone live, around 1 million small and medium businesses have registered on WhatsApp Business in India.

DPIIT received some complaints of e-commerce firms offering deep discounts: Union Minister Piyush Goyal
Business

DPIIT received some complaints of e-commerce firms offering deep discounts: Union Minister Piyush Goyal

The Department for Promotion of Industry and Internal Trade (DPIIT) has received complaints that e-commerce companies are offering deep discounts, indulging in predatory pricing, exercising control over inventory and influencing the prices of goods sold on the platform, Parliament was informed on Friday

Political dogfight can wait, netas across party lines should now discuss good economics to save a free-falling economy
Business

Political dogfight can wait, netas across party lines should now discuss good economics to save a free-falling economy

The overall economic growth has been slowing worryingly with the GDP touching 5 percent in the April-June quarter. Since then, things have only worsened in the economy.

Govt considering to reintroduce restrictions on royalty payments for technology transfer
Business

Govt considering to reintroduce restrictions on royalty payments for technology transfer

Royalty is paid to a foreign collaborator for the transfer of technology, usage of brand or trademarks.

Economic slowdown: Govt to introduce new norms to ease restrictions on FDI by JVs of Indian firms to boost investment
Business

Economic slowdown: Govt to introduce new norms to ease restrictions on FDI by JVs of Indian firms to boost investment

The existing legal framework under FEMA does not permit FDI by an overseas JV or WOS of an Indian party without the prior approval of the Reserve Bank of India

Startups will never be harassed, govt taking steps to promote them, says Piyush Goyal
Business

Startups will never be harassed, govt taking steps to promote them, says Piyush Goyal

Earlier, several startups made representations to the government about receiving notices from the Income Tax Department.

E-commerce discount woes: DPIIT wants Amazon, Flipart to name top 5 sellers, price of vendors, fund flow, business model
Business

E-commerce discount woes: DPIIT wants Amazon, Flipart to name top 5 sellers, price of vendors, fund flow, business model

The move by DPIIT comes after Commerce Minister Piyush Goyal last week warned of strict action against e-commerce companies if they were found violating India's e-commerce policy.

DPIIT working on mechanism to help investors set up facilities in India
Business

DPIIT working on mechanism to help investors set up facilities in India

The Department for Promotion of Industry and Internal Trade (DPIIT) is in the process of setting up of a mechanism to handhold investors and help them set up their facilities in India, a senior government official said on Monday