National Retail Trade Policy: How Centre seeks to change retail trading in the country
As the nation battles the coronavirus pandemic with the emergence of new COVID-19 variants like Omicron, the significance of retail supply chains becomes clear in ensuring essentials are available across the entire country.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.