DIPP News

These clarifications have come against the backdrop of new provisions announced by the DIPP related to FDI in e-commerce sector last month.

Prime Minister Narendra Modi has now set the target of India's ranking in ease of doing business in the top 50. This he said is achievable, but one should not underestimate the difficulties.

The Secretary also said the World Bank report has acknowledged that GST (Goods and Services Tax) is a substantial reform and "hopefully it will have a positive impact on the country's ranking next year".

The ministry had constituted a task force chaired by V Kamakoti of IIT Madras to explore possibilities to leverage Artificial Intelligence (AI) for development across various fields.

The Confederation of All India Traders (CAIT) also sent a communication to Department of Industrial Promotion and Planning (DIPP) Secretary Ramesh Abhishek saying "if no action is taken by the government, the trade body may opt for approaching court of law for obtaining justice."

The Department of Industrial Policy and Promotion (DIPP), under the ministry, considered 671 startups for income tax exemption and of this 67 received the benefit.

The consolidated policy is a compilation of the various decisions taken by the government in the past one year.

Prime Minister Narendra Modi will review the foreign direct investment (FDI) policy on Friday with a view to removing bottlenecks to overseas inflows, sources said.  

The government has sought suggestions from stakeholders to formulate a new industrial policy to promote manufacturing and job creation in the country.

Island nation Mauritius elbowed out Singapore to emerge as the top source of foreign direct investment (FDI) into India in 2016-17.

The Commerce and Industry Ministry is working on a new policy for the industrial development of the North East states, Union Minister Nirmala Sitharaman said on Saturday.

Foreign investments in the services sector increased 77.6 percent to USD 7.55 billion in the first nine months of the current fiscal, helped by government steps to improve ease of doing business.

Amazon has filed its application with the Department of Industrial Policy and Promotion.

In what could be a major blow to Apple Inc in its plan to set up a manufacturing unit in India, the Commerce Ministry is reportedly not in favour of concessions to the US tech giant for the same.

A group of senior officials from ministries, including commerce and finance, will early next month deliberate on the incentives sought by US-based iPhone maker Apple to set up a manufacturing unit in the country.

Finance Minister Arun Jaitley today dismissed canard about shortage of salt in the country as "concocted rumours" and stressed adequate quantity is available in every state.

US-based iPhone maker Apple has sought incentives from the government to set up a manufacturing unit in the country.

India's rank will "seriously improve" in the World Bank's 'Doing Business' report next year on the back of reforms like GST and Insolvency & Bankruptcy Code, Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said Friday.

The states of Andhra Pradesh and Telangana are the best states to do business in India after having jointly dislodged Gujarat from the top spot, according to a report by the World Bank and DIPP.

The `Make of India` programme of the government has spurred strong competition among Indian states in improving the ease of doing business in order to attract investments and drive the economies of their regions.