News for 'Department of Industrial Policy and Promotion'

Kejriwal govt to identify single-use plastic littering hotspots; shut mfg units by Jun 2022

Kejriwal govt to identify single-use plastic littering hotspots; shut mfg units by Jun 2022

Rediff.com18 Aug 2021

The Delhi government will identify single-use plastic littering hotspots and the entry points of such items into water bodies and drains by October 31 this year, according to a draft action plan for the elimination of the environmentally hazardous products.

Eveready hopes to ride the anti-China wave

Eveready hopes to ride the anti-China wave

Rediff.com23 Jun 2020

50 per cent of the flashlights market in the country is dominated by Chinese imports, which have been increasing.

Anand Sharma cancels meeting with Walmart chief

Anand Sharma cancels meeting with Walmart chief

Rediff.com31 Oct 2013

In a move that is being seen as a snub to Walmart, Commerce and Industry Minister Anand Sharma on Thursday cancelled a meeting with US retail giant's Asia head Scott Price.

Govt approves easier Angel Tax exemption process for start-ups

Govt approves easier Angel Tax exemption process for start-ups

Rediff.com16 Jan 2019

To seek tax exemption, a start-up will now have to apply, with all the documents, to the DIPP instead of the inter-ministerial board of certification. The earlier requirement of start-up to submit report from merchant banker specifying the fair market value of shares has also been removed.

Ready for the Startup India Learning Programme?

Ready for the Startup India Learning Programme?

Rediff.com18 Jan 2017

The 4 week online learning programme is available in English and Hindi, and will soon be offered in some regional languages.

In bid to boost startups, govt relaxes norms for angel funds

In bid to boost startups, govt relaxes norms for angel funds

Rediff.com5 Jan 2017

The lock-in requirement has been reduced from three years to one year for angel funds and their minimum investment threshold has been slashed from Rs 50 lakh to Rs 25 lakh.

Start Up India: Only 16 entities eligible for tax sops

Start Up India: Only 16 entities eligible for tax sops

Rediff.com20 Jul 2016

A total of 728 applications have been received till July 18, 2016 for Start Up recognition.

Nike to open fully-owned stores in India

Nike to open fully-owned stores in India

Rediff.com2 Sep 2014

Nike has been present in India since 1996.

India's FDI inflows up 12% at $2 bn in Feb

India's FDI inflows up 12% at $2 bn in Feb

Rediff.com27 Apr 2014

The highest FDI came in services ($2.18 billion), followed by automobiles ($1.28 billion), pharmaceuticals ($1.27 billion) and construction development ($1.05 billion) in the 11 months of 2013-14.

FinMin not in favour of tightening FDI norms in pharma

FinMin not in favour of tightening FDI norms in pharma

Rediff.com15 Oct 2013

The Department of Industrial Policy and Promotion in its draft Cabinet has proposed to further tighten the rules for foreign direct investment in brownfield pharmaceutical sector.

New FDI norms pose rejig challenge for e-commerce majors

New FDI norms pose rejig challenge for e-commerce majors

Rediff.com31 Mar 2016

Some companies are already seeking review of the new norms.

India's FDI doubles to $4.48 bn in Jan, highest in 29 months

India's FDI doubles to $4.48 bn in Jan, highest in 29 months

Rediff.com17 Mar 2015

In January 2014, the country had received $2.18 billion FDI.

Why are global retailers in wait-and-watch mode for India?

Why are global retailers in wait-and-watch mode for India?

Rediff.com24 Mar 2014

The Indian government has simplified FDI policy inorder to attract global retail chains.

Modi's pet projects show up at Republic Day parade

Modi's pet projects show up at Republic Day parade

Rediff.com26 Jan 2015

On display were PM Modi's pet projects like the 'Make in India' scheme and 'Jan Dhan Yojana'.

Will Partha's arrest in SSC scam impact Mamata?

Will Partha's arrest in SSC scam impact Mamata?

Rediff.com10 Aug 2022

After the Trinamool's overwhelming majority in the West Bengal assembly elections last year, the SSC scam has given fresh ammunition to the Bharatiya Janata Party and the Communist Party of India-Marxist. Ishita Ayan Dutt reports.

Govt may tweak retail FDI norms to help foreign chains

Govt may tweak retail FDI norms to help foreign chains

Rediff.com2 Jul 2013

The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.

FDI dips 6% annually to $1.53 bn

FDI dips 6% annually to $1.53 bn

Rediff.com18 Jan 2015

Amongst the top 10 sectors, telecom received the maximum FDI of $2.47 billion

Traders' body seeks to ban Amazon's e-com biz in India

Traders' body seeks to ban Amazon's e-com biz in India

Rediff.com18 Feb 2021

Traders' body CAIT on Thursday urged the government to impose a ban on Amazon's e-commerce portal and its operations in India, accusing the global e-tailing giant of indulging in predatory pricing, deep discounting and inventory control. Addressing a press conference, CAIT secretary-general Praveen Khandelwal demanded an "immediate ban on Amazon's portal and its operations in India" and an investigation against the company in a time-bound manner. He also urged the government to probe the business practices of Amazon and Flipkart. However, responding to the allegations, both Amazon and Flipkart said they remain compliant with Indian laws.

India asks Chinese cos to set up manufacturing units

India asks Chinese cos to set up manufacturing units

Rediff.com26 Nov 2014

The bilateral trade between India and China stood at $65.85 billion in 2013-14.

FDI in defence: Investment of up to 49% may be allowed without tech transfer

FDI in defence: Investment of up to 49% may be allowed without tech transfer

Rediff.com4 Jun 2014

FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.

Hit by leaks, wary finance ministry blocks non-government sites

Hit by leaks, wary finance ministry blocks non-government sites

Rediff.com19 Mar 2015

The ban has been in force since last Friday.

Apple seeks wholesale licence

Apple seeks wholesale licence

Rediff.com20 Jan 2016

The maker of the iPhone and the iPad has made a proposal to the government for a wholesale foray.

PM's meeting with India Inc likely to be stormy

PM's meeting with India Inc likely to be stormy

Rediff.com11 Jul 2013

Industry is displeased over the failure of the National Manufacturing Policy, which has failed to invite any sizeable investment since it was launched more than two years ago.

Vodafone's India plan in limbo

Vodafone's India plan in limbo

Rediff.com13 Nov 2013

The Department of Telecom, Department of Industrial Policy and Promotion, Ministry of Home Affairs, Ministry of External Affairs and the Department of Economic Affairs had to give their comments on the proposal, sources said.

Government plans to allow FDI in e-commerce before April

Government plans to allow FDI in e-commerce before April

Rediff.com31 Dec 2013

Floats discussion paper for stakeholders' feedback with a deadline of January 28.

'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.'

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

Rediff.com2 May 2022

Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use of clean energy.

Why India's exports are likely to fly high in New Year

Why India's exports are likely to fly high in New Year

Rediff.com19 Dec 2021

After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.

Govt gets its act together as Korean investments threatened

Govt gets its act together as Korean investments threatened

Rediff.com4 Apr 2014

The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.

Does US Want India-China Ties Boiling?

Does US Want India-China Ties Boiling?

Rediff.com27 Dec 2021

Washington is signalling to Delhi that it can rely on American support in any great game vis-a-vis China. Delhi shouldn't fall into the trap, argues Ambassador M K Bhadrakumar.

FDI in 2013 dips 3% to $22 billion

FDI in 2013 dips 3% to $22 billion

Rediff.com30 Mar 2014

In 2012, India attracted $22.78 billion of FDI, according to the data by Department of Industrial Policy and Promotion.

India's FDI inflows up 1.5% to $2.18 billion in Jan

India's FDI inflows up 1.5% to $2.18 billion in Jan

Rediff.com20 Mar 2014

During the 10-months of this financial year, the highest FDI came in services ($1.80 billion), followed by pharmaceuticals ($1.26 billion), automobiles ($1 billion) and construction development ($966 million).

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.

FDI in services sector up 47% during April-January

FDI in services sector up 47% during April-January

Rediff.com14 Apr 2015

FDI inflows into services sector grew by about 47 per cent to $2.64 billion in April-January last fiscal.

Start-up investors may be exempt from 'angel tax'

Start-up investors may be exempt from 'angel tax'

Rediff.com6 Apr 2018

But, majority might be left out, as only those investing in entities recognised by the government could qualify

FDI in services sector up 44% during April-December

FDI in services sector up 44% during April-December

Rediff.com8 Mar 2015

Overall foreign inflows in the country rose by 27%.

'India will be among top 50 in World Bank rankings in 3 years'

'India will be among top 50 in World Bank rankings in 3 years'

Rediff.com28 Oct 2015

'India will jump 30-40 places in the World Bank ranking of ease of doing business next year.'

India allows unlisted firms to directly raise funds abroad

India allows unlisted firms to directly raise funds abroad

Rediff.com6 Dec 2013

The government on Friday modified FDI policy allowing unlisted companies to directly list on stock exchanges abroad to raise funds for acquisitions or retiring overseas debts, a move which may help India in containing high current account deficit.

Uber kicks off Modi's start-up programme

Uber kicks off Modi's start-up programme

Rediff.com7 Jan 2016

To fly 10 start-ups to San Francisco HQ of the company

Modi govt may not take quick steps on multi-brand retail

Modi govt may not take quick steps on multi-brand retail

Rediff.com20 May 2014

In a recent interview, Narendra Modi, set to take charge as prime minister in a few days, had said his government wouldn't roll back any policy in the sector.