News for 'Department for Promotion of Industry'

Biden reiterates US support for India's permanent seat in UNSC

Biden reiterates US support for India's permanent seat in UNSC

Rediff.com25 Sep 2021

Biden has reiterated America's support for India's permanent membership on a reformed UNSC and its entry into the NSG during his first in-person bilateral meeting with Modi at the White House.

Finance secretary to head FIPB

Finance secretary to head FIPB

Rediff.com13 Feb 2003

Agnipath: Veterans fail to find govt jobs after retirement

Agnipath: Veterans fail to find govt jobs after retirement

Rediff.com21 Jun 2022

Even as Union ministers allay misgivings over Agnipath, figures show a meagre 2.4 per cent of the ex-servicemen who applied for a government job could get one as the Centre and the states have been unable to recruit against the reserved quotas. Public sector undertakings (PSUs), ministries, and officials of Sainik Boards have blamed it on the lack of skill among ex-servicemen. They say veterans' inability to qualify in selection exams is one of reasons for this. Also, non-recognition of qualifications obtained from the military are reasons why their recruitment has remained significantly low, pushing them towards low-skill jobs.

Modi says India is mother of all democracies, flays populism politics

Modi says India is mother of all democracies, flays populism politics

Rediff.com12 Jul 2022

He recalled that the state was home to Vaishali, said to be the oldest republic in the world.

Stalin takes up 'severe oxygen crisis' with Modi

Stalin takes up 'severe oxygen crisis' with Modi

Rediff.com7 May 2021

Flagging the 'severe crisis' over availability of medical oxygen in Tamil Nadu, Chief Minister M K Stalin on Friday urged Prime Minister Narendra Modi to intervene and ensure it gets supplies and for the Centre to make available containers and trains to transport the life saving gas to the state.

Modi sees India's manufacturing output to grow by $520 bn in 5 yrs

Modi sees India's manufacturing output to grow by $520 bn in 5 yrs

Rediff.com5 Mar 2021

Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.

UAE Prez Sheikh Khalifa bin Zayed dies, India declares state mourning

UAE Prez Sheikh Khalifa bin Zayed dies, India declares state mourning

Rediff.com13 May 2022

Since becoming the president of the UAE, Sheikh Khalifa has presided over a major restructuring of both the Federal Government and the government of Abu Dhabi.

Covid leaves Surat's textile mills in tatters

Covid leaves Surat's textile mills in tatters

Rediff.com12 Jul 2021

Since he lives locally, Harish Patel is one of the luckier migrant workers in Surat - in that his employer was able to squeeze in a single shift for him at the weaving unit in Kamrej in Gujarat - unlike others who went home for Holi and other festivals just as the second wave of the Covid-19 pandemic was waxing and ended up stranded in local lockdowns.

Baghel's move to buy private medical college backfires

Baghel's move to buy private medical college backfires

Rediff.com12 Aug 2021

The private college and hospital has been in the thick of controversy following irregularities and fraud, raising questions on why the Chhattisgarh government wants to acquire the debt-ridden institution by paying double the amount of its valuation.

D K Mittal front runner for post of commerce secretary

D K Mittal front runner for post of commerce secretary

Rediff.com16 May 2012

Even as the government today gave Saurabh Chandra, secretary, department of industrial policy and promotion (DIPP), the additional charge of secretary, Department of Commerce, Dinesh Kumar Mittal has emerged as the front runner for the post.

Business reforms: Gujarat ranks behind West Bengal

Business reforms: Gujarat ranks behind West Bengal

Rediff.com17 Sep 2020

While other states are becoming competitive, Gujarat, say experts is not paying enough attention to maintaining its own position in terms of business reforms.

Centre-Bengal ties may hold key to investments

Centre-Bengal ties may hold key to investments

Rediff.com6 May 2021

Though the mandate is seen largely an outcome of Banerjee's welfare schemes, she has promised to industrialise at a faster pace, or so read the manifesto.

The chink in the e-commerce draft

The chink in the e-commerce draft

Rediff.com25 Feb 2019

While the new norms are part of the draft policy's guidelines to fight counterfeit and fake products on platforms, they might end up helping brands and e-commerce firms sign exclusive sale deals.

Centre scraps FIPB to 'further liberalise' FDI regime

Centre scraps FIPB to 'further liberalise' FDI regime

Rediff.com24 May 2017

The approvals would be handled independently by administrative ministries of different sectors.

BSNL's 4G dream is mired in controversy

BSNL's 4G dream is mired in controversy

Rediff.com7 May 2020

Just to promote govt's policy of Make in India, BSNL said, it cannot afford to procure sub-standard equipment from inexperienced companies, not having proven technology. BSNL complained that when competitors were procuring world-class 4G equipment from experienced vendors, why should BSNL be compelled to procure locally.

Modi to meet 15 global funds as India seeks investment to lift economy

Modi to meet 15 global funds as India seeks investment to lift economy

Rediff.com22 Oct 2020

The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.

Gujarat emerges as the best place for start-ups

Gujarat emerges as the best place for start-ups

Rediff.com20 Dec 2018

Four states - Karantaka, Kerala, Odisha and Rajasthan - were in the top performers' category.

India may not get to play a major role in reconstruction of Ukraine

India may not get to play a major role in reconstruction of Ukraine

Rediff.com16 Mar 2022

Reconstruction efforts after the Russia-Ukraine war will be dominated by the heft of the membership of major nations across international organisations. India is hamstrung because it does not play host to any major global institution nor does it hold positions of significant influence in the ones in which it has membership. As a result, the world's sixth largest economy is obliged to follow the rules set by most of them.

'Vested interests want private players in space'

'Vested interests want private players in space'

Rediff.com26 Jun 2020

'ISRO facilities are very expensive and any damage caused by these start-ups can create havoc to our space programme.'

Foreigners can now take key positions in airline JV

Foreigners can now take key positions in airline JV

Rediff.com6 Mar 2013

AirAsia's Fernandes says CEO for India will be an Indian; proposed airline firm with Tata may hit ministry hurdle

India imposes restriction on public procurement from China

India imposes restriction on public procurement from China

Rediff.com24 Jul 2020

The Government of India amended the General Financial Rules 2017 to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of defence of India, or matters directly or indirectly related thereto including national security, an official statement said.

Ladakh Fallout: How India Bled Chinese FDI

Ladakh Fallout: How India Bled Chinese FDI

Rediff.com9 Feb 2022

In 2020-2021, the amount of foreign direct investment into India from China and Hong Kong plummeted to just $200 million -- its lowest in the recent past. In the first half of 2021-2022, FDI investments through these two nations stood at just $36 million.

Government mulls changes to FDI oversight

Government mulls changes to FDI oversight

Rediff.com18 Nov 2010

A committee of secretaries will be meeting soon to consider a draft proposal, which suggests that decision-making on all policy issues pertaining to FDI be transferred from the Department of Industrial Policy & Promotion (DIPP) in the Ministry of Commerce to the Department of Economic Affairs (DEA) in the Ministry of Finance.

National e-com policy to be announced within 12 months: Govt

National e-com policy to be announced within 12 months: Govt

Rediff.com26 Jun 2019

The government, in February, had released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.

'Skills are the new currency across biz'

'Skills are the new currency across biz'

Rediff.com7 Dec 2021

'As the demand for transferable skills that can be remotely applied increases, the need for tech-based courses is on the rise/'

Tuticorin: 'People hate cops'

Tuticorin: 'People hate cops'

Rediff.com24 May 2018

'That was triggering stone-throwing.' 'So if the cops were not so visible, the chances of any violence is reduced.'

E-com firms want govt to 'tweak' existing export policies

E-com firms want govt to 'tweak' existing export policies

Rediff.com9 Mar 2021

E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.

TMC or BJP, big-ticket projects still a pipedream for Bengal

TMC or BJP, big-ticket projects still a pipedream for Bengal

Rediff.com8 Feb 2021

In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.

Taxman eyes Rs 100bn in recovery from 'struck-off' cos

Taxman eyes Rs 100bn in recovery from 'struck-off' cos

Rediff.com20 Aug 2018

The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.

Gutka scam: CBI raids residences of Tamil Nadu health minister, DGP

Gutka scam: CBI raids residences of Tamil Nadu health minister, DGP

Rediff.com5 Sep 2018

This is perhaps for the first time the CBI raided a serving police chief of a state.

UP portfolios announced; Adityanath retains home

UP portfolios announced; Adityanath retains home

Rediff.com22 Mar 2017

The list has been sent to Governor Ram Naik for approval.

MNCs find sourcing hurdle too high to cross

MNCs find sourcing hurdle too high to cross

Rediff.com18 Jul 2016

Decision-making is stretched because of differences in views between ministries.

Will HPCL, too, get the coveted Maharatna status?

Will HPCL, too, get the coveted Maharatna status?

Rediff.com11 Mar 2019

If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.

A case for raising defence FDI to 100%

A case for raising defence FDI to 100%

Rediff.com14 Nov 2020

Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.

Shah, Sitharaman stand tall among ministers

Shah, Sitharaman stand tall among ministers

Rediff.com22 Jul 2021

Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.

E-commerce policy may miss 2019 deadline

E-commerce policy may miss 2019 deadline

Rediff.com10 Oct 2019

The proposed policy is increasingly becoming an item of negotiation, as the US pushes hard to change India's stance.

Govt approves revised DTH guidelines; to issue 20 year licence

Govt approves revised DTH guidelines; to issue 20 year licence

Rediff.com23 Dec 2020

The Union Cabinet on Wednesday approved revision in guidelines for providing direct to home (DTH) services in the country under which licenses would be issued for 20 years, Union minister Prakash Javadekar said. The Union Cabinet has also approved 100 per cent FDI in the DTH broadcasting services sector, Javadekar said, adding that while the commerce ministry had spoken of 100 per cent FDI in the DTH sector, the guidelines of the information and broadcasting ministry needed to be changed.

Digital firms, traders to lobby for e-commerce policy with Piyush Goyal

Digital firms, traders to lobby for e-commerce policy with Piyush Goyal

Rediff.com7 Jun 2019

According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.

Govt turns down FDI in retail e-commerce

Govt turns down FDI in retail e-commerce

Rediff.com10 Jun 2015

Ecommerce firms will have it tough as govt turns down FDI proposal.

Venture fund for defence firms

Venture fund for defence firms

Rediff.com21 Feb 2008

The $100-million fund, which has the option to raise a further $200 million, will benefit small and medium enterprises engaged in defence production.