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The DPIIT should issue detailed operational guidelines specifying the eligibility criteria, documentation requirements, and timelines for processing applications for companies seeking product quality certification under the new transition facilitation mechanism, think tank GTRI said on Saturday. On June 25, the Department for Promotion of Industry and Internal Trade (DPIIT) notified the Transition Facilitation (Quality Control) Order, 2026. As per the orders, the department has created an alternative compliance pathway under selected ten Quality Control Orders (QCOs), including toys, personal protective equipment, air conditioners and compressors, footwear, furniture, hinges, domestic electrical appliances and household electrical safety products. The applications will be examined by an Implementation Committee chaired by DPIIT and comprising representatives from BIS, the Department of Commerce, the Department of Consumer Affairs, the Directorate General of Foreign Trade and other .
Prime Minister Narendra Modi on Saturday invited Dutch companies to design, innovate and manufacture in India, saying the country offers immense opportunities. In his remarks at the CEO Roundtable, the Prime Minister said today's India is a symbol of scale and stability, and no country in the world can match its speed in infrastructure, clean energy, and connectivity. This is why India is contributing 17% to global growth, the Prime Minister said. Emphasising that the government has transformed India's economic DNA through continuous reforms, Modi said that to give policy predictability to the private sector and increase opportunities for them, the country has opened up space, mining, and nuclear energy for the private sector. "We are continuously reducing compliance and increasing the ease of doing business. We have recently carried out next-generation reforms in taxation, labour code, and governance," he informed the business leaders at the roundtable. Modi further said ...
The Ficci Manufacturing Index reached an all-time high in the third quarter, with 91 per cent of firms reporting steady or higher production, up from 87 per cent in the previous quarter, despite production costs remaining on the higher side. The Ficci's 68th edition of Quarterly Survey on Manufacturing (QSM) assessed the performance and sentiments of manufacturers for eight major sectors in the third quarter. These include auto components, capital goods, chemicals, fertilisers & pharmaceuticals, electronics & electricals, machine tools, metal & metal products, textiles, apparel & technical textiles and miscellaneous. Responses have been drawn from manufacturing units from both large and SME segments with a combined annual turnover of over Rs 3 lakh crore. Nearly 57 per cent of the respondents reported an increase in the cost of production as a percentage of sales, which is consistent with the previous quarter's findings, indicating that costs are still on the higher ...