Page 19 - Dpiit

Commerce Ministry releases next edition of consolidated FDI policy document

The Commerce and Industry Ministry on Wednesday released the next edition of its consolidated foreign direct investment (FDI) policy document, incorporating all the changes made over the past year. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the new circular has come into effect from October 15. The consolidated policy is a compilation of various decisions taken by the government with regard to FDI in different sectors. DPIIT, which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. Investors would otherwise have to go through various press notes issued by the department, and the RBI regulations to understand the policy. The whole exercise is aimed at providing an investor-friendly climate to foreign players and, in turn, attract more FDI to boost economic growth and create jobs. The government has liberalised FDI policy in .

Centre tightens public procurement criteria for border countries

Registration stands annulled if there is a change in controlling ownership, which is above 10%

DPIIT shares list of 24 key sectors with ministries to boost manufacturing

The government wants to make India a self-reliant country in these segments, boost exports and become a global supplier

Govt permits ISO tank containers to carry liquid oxygen amid Covid-19

These containers are manufactured as per the International Organisation for Standardisation requirements and are designed to carry liquids in bulk

DPIIT to seek govt nod for multi-modal logistics hub, industrial corridors

According to the note of the Department for Promotion of Industry and Internal Trade (DPIIT), these projects are at different stages of implementation

Centre to ask foreign firms to use more local materials for govt projects

Indian authorities have been aggressively promoting Prime Minister Narendra Modi's flagship campaign of a self-reliant economy by urging domestic manufacturers to cut down on imports

DPIIT working on credit guarantee, seed fund schemes for startups

This scheme would give banks a comfort to lend, he said adding that it was for credit not for venture capital

Gujarat retains top spot in DPIIT's states start-up ecosystem rankings 2019

India has become the third-largest start-up ecosystem in the world with over 36,000 enterprises recognised under the Startup India initiative

Gujarat ranked best state in providing strong ecosystem for startups: DPIIT

Gujarat has again emerged as the best performer in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and union territories (UTs) done by DPIIT

DPIIT scrutinising 50 provisions in 11 Acts that threaten jail time

The move is aimed at decriminalising existing legislation and ensure more civil charges are brought in to replace criminal ones

MCA amends deposit rules for startups, extends exemptions up to 10 yrs

Earlier, the limits of total deposit from members did not apply to a startup for five years from date of its incorporation

DPIIT starts ease of doing biz ranking exercise for states, UTs for next yr

DPIIT Secretary Guruprasad Mohapatra said that the ease of doing business ranking of states and UTs for next year would be released by March 2021.

Andhra keeps top rank, UP makes big gain in 'ease of doing business'

Delhi jumps from 23rd position to 12th rank, Odisha see steepest decline of 15 ranks

Ease of doing business: States' ranking based on reforms to be out tomorrow

The exercise is aimed at triggering competition among states to improve business climate in order to attract domestic and global investors

CII launches plan to nurture new businesses, to work with DPIIT on strategy

Will provide policy inputs, identify new growth segments and set up international partnerships; wants govt to invite other nations to participate

Govt's portal with data on land banks launched, but experts wary

The Centre's Department for Promotion of Industry and Internal Trade (DPIIT) portal has data of 3,275 industrial clusters covering 419,047 hectares

Public procurement: Bidders from neighbours to require security clearance

Move will mostly affect Chinese companies who will have to register with the DPIIT

DPIIT releases registration format for bidders from neighbouring countries

The bidders are also required to submit an application for security clearance, as per the format

Ease of doing biz: Govt proposes unified compliance platform for India Inc

The Ministry of Corporate Affairs has started discussions with RBI, Sebi, and DPIIT

DPIIT calls for inter-ministerial meet on royalty payments on Aug 25

Officials from commerce department, Reserve Bank of India and revenue department are expected to participate