New Delhi: The government has set up a high-level committee to identify all possible modes of digital payment across sectors as it pushes on with its drive towards a cashless economy. The committee is headed by Amitabh Kant, the CEO of NITI Aayog, the government’s policy think tank. “…
Tag: NITI Aayog
Full FTA with India to give an impetus to two-way trade says Israeli President
Reuven Ruvi Rivlin, President of the State of Israel, today expressed his firm commitment he and the Israeli business delegation accompanying him “are here to make in India and make with India” and hoped that his visit will open the way for a full Free Trade Agreement between the two …
Contest to identify the country’s top 25 social innovations in Bengaluru
As part of the activities lined up for the forthcoming Pravasi Bhartiya Divas (PBD) in Bengaluru, the Ministry of External Affairs is organising a national contest to identify the country’s top 25 social innovations. The Ministry will be conducting this nation-wide search with the support o…
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 …
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…
16 states score over 80% in WB-DIPP ease-of-doing-business ranking
New Delhi: Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP), has said that as many as 16 states of India had scored over 80 per cent in the World Bank- DIPP ranking of States based on 340 parameters on ‘Ease of Doing Business’. Abhishek, while addressing the 41st J…
Big boost for Make in India: Prayas plan for solar energy to get $3.1 bn package
Prime Minister Narendra Modi’s government is planning a 210 billion-rupee ($3.1 billion) package of state aid for India’s solar panel manufacturing industry, according to two officials. The so-called Prayas initiative, short for for “Pradhan Mantri Yojana for Augmenting Solar Manufacturing,” a ce…
Finance Ministry backs easing curbs on FDI in e-Commerce
The Finance Ministry has backed the scrapping of restrictions on ecommerce companies that have overseas investment, such as those on directly offering discounts to customers, said an official. “This condition (directly or indirectly influencing discounts) is arbitrary,” the person sai…
Pradhan pitches for funds to boot energy sector start-ups
Oil Minister Dharmendra Pradhan on September 6 urged the public sector undertakings to create startup funds on the lines of private sector in order to promote innovation and nurture new ideas in the energy sector. Pradhan while addressing a conference on methanol economy organised by NITI Aayog s…
E-commerce committee meets to discuss sector-related issues
The e-commerce committee headed by NITI Aayog CEO Amitabh Kant held its first meeting to deliberate on issues related with the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) and IT body NASSCOM gave detailed presentations to the members on fast the growing e-comm…