The Commerce and Industry Ministry has started working on a new set of reforms for states that will help them improve their rankings in ease of doing business. “Department of Industrial Policy and Promotion (DIPP) in its efforts to improve business climate in states, has started preparing the nex…
Tag: DIPP
Centre likely to curb FDI in Tobacco sector
The Cabinet will soon make a decision on an industry ministry proposal to put more curbs on Foreign Direct Investment (FDI) in the tobacco sector, aimed at further discouraging tobacco consumption to honour the country’s commitment to the World Health Organization (WHO). An early decision by the …
Ease of doing business | Dedicated task force in all ministries to track progress
All ministries will now have to set up a dedicated task force in each department to track progress on ease of doing business as part of the government’s renewed efforts to improve India’s rank in the World Bank’s Global Doing Business Report, a measure that comes after the country moved up just o…
Policy relaxation jumps FDI 77.5% to $5.15 bn in Sept
With the government relaxing FDI policy and taking steps to improve ease of doing business, the Foreign Direct Investment in the country increased by 77.5 percent to USD 5.15 billion in September this year. In September 2015, the FDI had stood at USD 2.9 billion, according to the data of the Depa…
DIPP, Andhra to hold Partnership Summit in January
The Department of Industrial Policy and Promotion (DIPP) and the Andhra Pradesh government will jointly organise two-day Partnership Summit from January 27, 2017, for global and Indian industry to discuss innovative policies and path-breaking strategies, an official statement said on November 10.…
DIPP to pace-up security clearances to improve business climate
The Commerce and Industry Ministry is discussing with the Home Affairs Ministry fast-tracking of issuance of security clearances as it seeks to improve business climate, a top official said on November. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said app…
Andhra, Telangana top in ease of doing biz ranking
Andhra Pradesh and Telangana have jointly topped the ease of doing business ranking while Gujarat has slipped to the third position in the list prepared by the World Bank and DIPP. Chhattisgarh, Madhya Pradesh and Haryana occupied the fourth, fifth and sixth slots, respectively in the index based…
Ease of doing business: Govt says World Bank ranking not considered 12 key reforms
India continues to rank low at 130th position in terms of ease of doing business, with the country seeing little or no improvement in dealing with construction permits, getting credit and other parameters. The list of countries in the Doing Business 2017 is topped by New Zealand while Singapore i…
DIPP notifies 100% FDI in more financial services
The commerce and Industry Ministry notified 100 percent foreign direct investment in ‘other financial services’ carried out by NBFCs. The move will help attract foreign capital into the country. “The government has liberalised its FDI policy in Other Financial Services and non-b…
Prime Minister’s Office to address complaints by e-Commerce companies
NewDelhi: The Prime Minister’s Office is looking to address complaints by e-commerce companies that the current rules are too restrictive pending the drafting of a longer-term plan for the key jobgenerating sector by a NITI Aayog committee. A meeting of top officials was held at the PMO on Octobe…