Page 13 - Dpiit

FDI equity inflows dip 14% during April-September to $26.9 billion: DPIIT

Foreign Direct Investment (FDI) equity inflows into India contracted by 14 per cent to USD 26.9 billion during the April-September this fiscal, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT). The inflows had stood at USD 31.15 billion during the corresponding period of the previous year. The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) too declined to USD 39 billion during the first six months of the current fiscal year as against USD 42.86 billion in the year-ago period. During the first half of this fiscal, Singapore emerged as the top investor with USD 10 billion FDI. It was followed by Mauritius (USD 3.32 billion), UAE (USD 2.95 billion), USA (USD 2.6 billion), the Netherlands (USD 1.76 billion), and Japan (USD 1.18 billion), the data showed. The computer software and hardware sector attracted the highest inflows of USD 6.3 billion during the six-month period of this fiscal. It was follo

India may allow Chinese JVs with Indian cos for electronics manufacturing

Officials added that any proposal for a JV could be considered if that leads to the growth of the electronics manufacturing ecosystem in India

India now has 20,000 tonnes per day Oxygen capacity. 90% of it lying idle

There are 1,242 liquid medical oxygen tanks in hospitals across India with a capacity of 15,622 tonnes. This is a 104 % rise in the number of tanks and a 131% increase in storage capacity

Working on second phase of single window approval system: DPIIT Secy

The commerce and industry ministry is working on the second phase of the single window system for giving all approvals to existing businesses, a top government official said on Friday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said that the department is targeting to roll out this system by December 2023. "Right now, the single window is positioned for new investments. You can get your approvals to start a business, if you are making a new investment...For phase-II, we have started working and it is for existing businesses. "For them, it will become a single window. All your returns will be on the single window...We had an inter-ministerial consultation (on this). By and large, everybody is on board....This will make life of existing business simple," he said. Jain was speaking at a CII's national conference on MNCs. The secretary also said that the government is working on further improvement in ease of doing business. Earlier,

15 states among achievers in logistics performance index 2022: DPIIT report

Andhra Pradesh, Assam and Gujarat are among the 15 states and UTs categorised as achievers in the logistics index chart 2022, according to a report released by the commerce and Industry Ministry on Thursday. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. Kerala, Madhya Pradesh, Rajasthan, Puducherry, Sikkim and Tripura are the other states categorised as fast movers in the ranking. The 15 states and UTs ranked in the aspirers category include Bihar, Chhattisgarh, Goa and Mizoram. The report ranks the states on the basis of their logistics ecosystem, highlights the key logistics-related challenges faced by the stakeholders and includes suggestive recommendations, according to the fourth LEADS (Logistics Ease Across Different States) 2022 report unveiled by the Commerce and Industry Minister Piyush Goyal. The index aims at enhancing the focus on improving logistics performance across states which is essential f

One year of PM-GatiShakti: National masterplan drives infra projects

It is helping identify high-congestion stretches along national highways and railway tracks, offering time-bound solutions and even ensuring more schools in unserved villages.

PM Gati Shakti: 197 critical infra gap projects identified in last one year

An inter-ministerial panel comprising senior government officials from key infrastructure ministries have given crucial recommendations to improve logistics efficiency among these projects

Inclusive digitisation: G20 nations need to adopt inter-operable platforms

G-20 member nations must discuss all these issues irrespective of the conflict and arrive at certain principles to take the world forward

NPCI's plan to acquire a stake in ONDC faces RBI hurdle, says report

Banking regulator flags conflict of interest concern

Govt to provide collateral-free loans to start-ups under CGSS framework

The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers)

Govt notifies logistics policy, infra ministries to devise plans in 6 mths

PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better workforce

Apple's Chinese vendors to soon be allowed to set up plants in India

Since the launch of the iPhone 14, Apple has been scaling up its production capacity in India, shifting from China

Union Cabinet to approve National Logistics Policy on Wednesday: Report

The Union Cabinet is likely to approve the National Logistics Policy in its meeting on Wednesday, sources said. Prime Minister Narendra Modi last week unveiled the policy which seeks to cut transportation cost by promoting seamless movement of goods across the country. While launching the policy, the prime minister had said that "from 13-14 per cent (of the GDP), we should all aim to bring the logistics cost to single-digit as soon as possible". According to an e-book of the department for promotion of industry and internal trade (DPIIT), an unified logistics interface platform (ULIP) will be developed as part of the policy to help different government and private agencies; shippers, service providers enable information exchange on a real time basis in a confidential manner. Development of ULIP is one of the eight interventions proposed under the comprehensive logistics action plan, through which the policy will be implemented. The other interventions proposed include Standardisat

DPIIT planning multi-media campaign to promote over 400 GI products

The commerce and industry ministry is planning a multi-media campaign to promote over 400 GI (Geographical Indication) products such as Darjeeling Tea, Chanderi Fabric, Mysore Silk, and Kashmir Walnut Wood Carving. The Department for Promotion of Industry and Internal Trade (DPIIT) intends to empanel one or more audio-visual agencies to carry out various multi-media campaigns, production of advertising and promotional materials on a regular ongoing basis," said the department's notice inviting request for proposal. The agency will also support the department in scaling up the GI campaign through manifold interventions, considered important for building a strong GI ecosystem, it said. DPIIT, under the ministry, is looking to empanel reputed audio-visual agencies for GI promotion campaign. Work for the empanelled agency or agencies would include production of films, documentaries, sponsored AV (audio-visual) programmes, AV spots, and production of short videos. The notice said lack

DPIIT may decriminalise different provisions related to minor offences

The commerce and industry ministry is framing a law to decriminalise all provisions related to minor offences with an aim to promote ease of doing business in the country, a senior official said. Work is at an advanced stage for framing the ease of doing business and ease of living bill and the ministry is targeting to introduce it in the winter session of parliament, the official said. We are making an Act. We are bringing one bill and that one bill seeks to decriminalise all the minor offences mentioned in different Acts. We are having consultations with all the departments on the bill. We will bring a common Act for decriminalisation. Basically replacing imprisonment and fine with penalties, and rationalisation. For minor offences, there should be no jail. Instead, there should be a penalty, the official added. Citing some examples, the official said at present there are jail terms for small offences like not doing whitewash in washroom and canteen. The effort is aimed at ...

PM GatiShakti: 196 critical infrastructure gap projects identified

PM Modi will also launch ULIP that will enable integration with existing data sources of ministries, as well as data exchange with private players

16 states/ UTs have on-boarded National Single Window System so far: Report

NSWS is a platform for the guidance of investors to identify and apply requirements according to the need of their business

'Street furniture' to be soon used in rolling-out 5G services in India

Electric poles, traffic lights, bus terminals, bus shelters, and government buildings are among the sites that are being monitored to be used as 5G carriers

Prepare robust grievance redress system before beta test: Govt to ONDC

Govt wants this in place to build trust before making network available to public

Consultations in progress on revising WPI base year to 2017-18: DPIIT secy

Inter-ministerial consultations are progressing on revising the Wholesale Price Index (WPI) base year from 2011-12 to 2017-18, a top government official has said. Revising base year to 2017-18 for computation of wholesale inflation would help in presenting a more realistic picture of the price situation in the country. The Department for Promotion of Industry and Internal Trade (DPIIT) in June last year issued a draft technical report of a working group, which suggests revising the base year of wholesale price index and addition of about 480 new items such as medicinal plants, pen drive, lifts, gymnasium equipment and certain motorcycle engines in the new series. The draft report was placed in public domain and its feedbacks were considered before finalisation of the report. "The working group submitted its report in June. ...Now inter-ministerial consultation is in progress," DPIIT secretary Anurag Jain told PTI. In the case of agriculture commodities, new items such as medicinal