As the Make in India campaign launched by Prime Minister Narendra Modi completes two years, the government on September 25 announced that foreign direct investment (FDI) inflows into the country had recorded their highest level on the basis of a yearly comparision. “India records its highest ever…
Tag: DIPP
E-Commerce sales to touch $1.5-1.7 bn in Oct: RedSeer Report
eFestive sales are expected to help e-Commerce companies register transactions worth USD 1.5-1.7 billion in October, according to research firm RedSeer Consulting. “With this festive season, we foresee a spring effect of targeted marketing and focus on quality customer segments. It is going…
34 start-ups avail rebate on patent fee: DIPP
As many as 34 startups have so far availed the benefits under a government scheme to obtain patents with 80 percent fee rebate, the Department of Industrial Policy and Promotion (DIPP) said. A professional body under the DIPP, Cell for IPR Promotion and Management (CIPAM) in a tweet asked other s…
Govt rule on Chinese reflectors hampers 8k cr bicycle industry
Bicycle came to India in 1890 and complete ban on imports of bicycle was announced by the Government in July, 1953 but now this industry might have to depend on import once again. Yes, Bicycle Industry in India is in new trouble, thanks to an order issued by government. Department of Industrial P…
For tax-break, 20 start-ups must prove cutting edge
Six months after its launch, the Modi government’s Start-Up India programme is rumbling into action. Some 20 fresh applications from start-ups will be considered for tax-break by the inter-ministerial board, when it meets this week. Till now, only three start-ups have been selected for tax breaks…
DIPP to suggest states to frame own IPR policy
The Commerce and Industry Ministry will suggest states to formulate their own Intellectual Property Rights (IPR) policy with a view to promoting innovation and giving a boost to the economy, an official said. The Ministry convened an interactive session with industry associations on the National …
DIPP to set credit fund norms for startups
Startups are one step closer to being able to borrow money, with the Department of Industrial Policy & Promotion (DIPP) given charge of framing guidelines for a credit guarantee fund for them. “Earlier, the matter was being dealt with by the department of finance. We have started the wo…
Two more startups qualified for Startup India tax breaks
Two more startups have qualified for tax breaks as part of the Startup India programme, taking the total to 19. But even that is a very small figure considering over 800 start ups have applied under the scheme so far. The duo was picked at the third inter-ministerial board meeting on August 5 tha…
DIPP certificate enough for a start-up to get IPR sops
Commerce and Industry Minister Nirmala Sitharaman announced that a start-up would from now need only a certificate of recognition from the Government to avail of IPR-related benefits. As part of the Government’s concerted bid to improve ease of doing business, Commerce and Industry Minister Nirma…
Only 16 entities granted tax benefits under Start Up India
Six months old Start Up India scheme of Government of India, is moving in a snail’s pace. Of over 700 companies applying under the scheme on Start Up India portal, only 180 were registered. Even out of this minuscule number, only 16 companies have been found eligible for pecuniary benefits …