News for 'Industrial Policy and Promotion'

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.

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.

Corruption in UPA has turned into small scale industry: BJP

Corruption in UPA has turned into small scale industry: BJP

Rediff.com21 Jul 2013

Senior BJP leader Arun Jaitley on Sunday said with slew of graft cases surfacing during the UPA government, corruption has taken the shape of a "small scale industry", and the upcoming Lok Sabha polls will be a fight between morality and immorality.

Is this logo 'Made in India'? Yes, says govt

Is this logo 'Made in India'? Yes, says govt

Rediff.com3 Jun 2015

The government sought to dismiss reports that the 'Make in India' logo was inspired by a Swiss bank advertisement, saying the symbol has a "vibrant and dynamic" lion as against a "dull and boring" picture in Switzerland's ad campaign.

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.

Indian Railways mulls incubators to promote start-ups

Indian Railways mulls incubators to promote start-ups

Rediff.com27 Feb 2016

On an annual basis, we'll seek out solutions to Indian Railways' most critical problems through 'innovation challenge': Suresh Prabhu

Govt mays block IP addresses of cryptocurrency exchanges

Govt mays block IP addresses of cryptocurrency exchanges

Rediff.com30 Mar 2021

The government is considering blocking internet protocol (IP) addresses of companies/exchanges on which trading in cryptocurrencies is happening, said a source in the know. Two months ago, the government had said it intended to bring a Bill to ban private cryptocurrencies and introduce India's own digital currency in line with what China and other countries had done. This move is part of that. The government had also proposed to promote technology like blockchain. Industry, however, says banning decentralised currencies like bitcoin and ethereum is not possible.

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.

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.

Drone Sales Increase To Rs 3.19 Bn

Drone Sales Increase To Rs 3.19 Bn

Rediff.com22 Aug 2022

In absolute numbers, India had only 211 start-ups compared to 970 in the US.

Govt permits 100% FDI in oil PSUs approved for divestment

Govt permits 100% FDI in oil PSUs approved for divestment

Rediff.com29 Jul 2021

The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic divestment. The move would facilitate privatisation of India's second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL). The government is privatising BPCL and selling its entire 52.98 per cent stake in the company.

Jet-Etihad deal: Finmin raises questions on effective control

Jet-Etihad deal: Finmin raises questions on effective control

Rediff.com10 Jul 2013

While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.

How Madhabi Puri Buch Is Changing Sebi

How Madhabi Puri Buch Is Changing Sebi

Rediff.com20 Jun 2022

Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.

PM assures farmers, says govt committed to their welfare

PM assures farmers, says govt committed to their welfare

Rediff.com12 Dec 2020

Without directly referring to the farmers' agitation, which entered the 17th day on Saturday, Modi said agriculture reforms as part of government efforts are aimed at removing roadblocks, and the new laws will also bring in technology and investment in the sector.

MP CM allocates portfolios, Scindia loyalists get key ministries

MP CM allocates portfolios, Scindia loyalists get key ministries

Rediff.com13 Jul 2020

The 28 new ministers who joined the Chouhan cabinet on July 2 include 20 of cabinet rank and eight ministers of state.

Is Bhupesh Baghel In ED's Sights?

Is Bhupesh Baghel In ED's Sights?

Rediff.com10 May 2023

If the corruption issue doesn't claim Mr Baghel, the Congress's chances in the assembly election later this year are good, observes Aditi Phadnis.

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.

100% FDI in telecom sector gets nod

100% FDI in telecom sector gets nod

Rediff.com2 Jul 2013

Inter-ministerial body Telecom Commission on Tuesday approved hiking foreign direct investment limit in the sector from 74 per cent to 100 per cent.

Rupee at 80: Little relief on the cards from high trade deficit

Rupee at 80: Little relief on the cards from high trade deficit

Rediff.com21 Jul 2022

A depreciating rupee, which briefly hit 80 to the dollar on Tuesday, may boost India's exports but price-inelastic imports of crude oil and gold would mean limited relief on the trade deficit, which clocked a record $26.2 billion in June. Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee. And, with other currencies depreciating, India's comparative advantage in this respect may be limited.

In a major climbdown, govt now says e-commerce firms can sell pvt labels

In a major climbdown, govt now says e-commerce firms can sell pvt labels

Rediff.com4 Jan 2019

Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.

Bureaucratic hurdles dampen investors in India

Bureaucratic hurdles dampen investors in India

Rediff.com14 Dec 2015

Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.

Is it end of the road for tax breaks?

Is it end of the road for tax breaks?

Rediff.com16 Oct 2013

Anand Sharma working tirelessly for extension of tax breaks that expired on March 31, 2010.

US pips Mauritius as India's 2nd largest source of FDI

US pips Mauritius as India's 2nd largest source of FDI

Rediff.com28 May 2021

The US replaced Mauritius as the second largest source of foreign direct investment into India during 2020-21 with inflows of $13.82 billion, according to government data. Singapore remained the top source of foreign direct investment (FDI) into the country for the third consecutive fiscal at $17.41 billion. During the last financial year, India attracted $5.64 billion in FDI from Mauritius, according to the data by the Department for Promotion of Industry and Internal Trade (DPIIT).

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.

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.

FDI from China drops to $141 million in 4 years

FDI from China drops to $141 million in 4 years

Rediff.com25 Oct 2018

Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures

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.

Apple ready with blueprint for manufacturing unit in India

Apple ready with blueprint for manufacturing unit in India

Rediff.com25 Jan 2017

It, however, does not manufacture devices on its own and rather does it through contract manufacturers.

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.

India's textile and apparel exports outshine pre-Covid numbers

India's textile and apparel exports outshine pre-Covid numbers

Rediff.com27 Dec 2021

Backed by the China-plus-one policy, India's textile and apparel exports have seen a 53 per cent growth during the April-November period of the current fiscal year at around $26 billion. This compares to the figure of $17 billion during the same period in FY21. According to Wazir Textile Index, all major companies including Welspun, Vardhman, Trident, KPR Mills, Indo Count, RSWM, Filatex, Nahar Spg and Indorama have posted higher sales during the first half of the current fiscal year compared to the pre-pandemic year.

How credit card route to UPI may come at a price for merchants

How credit card route to UPI may come at a price for merchants

Rediff.com20 Jun 2022

The Reserve Bank of India's (RBI's) recent decision to allow credit cards for payments through the Unified Payments Interface (UPI) is likely to attract a merchant discount rate (MDR), said a top payment industry source. For smaller merchants, a subsidy for MDR could be provided. "With credit card-UPI linkage, UPI will not only be a payment instrument but also a lending platform. "How can banks lend without a commercial model? Also, the government has said MDR will be zero for payment products but not for lending products," the source said, indicating the MDR regime for credit card-linked UPI payments.

FDI inflows seen to grow further in the New Year

FDI inflows seen to grow further in the New Year

Rediff.com21 Dec 2021

A series of steps taken by the government to promote ease of doing business and liberalisation of foreign direct investment norms have helped India receive record FDI inflows so far this year, and implementation of measures like PM Gati Shakti, single window clearance and GIS-mapped land bank are expected to further push investments in 2022. Notwithstanding the global slowdown and the COVID-19 pandemic, total foreign direct investments into India rose to a record $81.72 billion in 2020-21. During April-July this fiscal, FDI (foreign direct investment) into the country increased by 62 per cent to $27.37 billion.

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 promises easy starts, exits for startups

Govt promises easy starts, exits for startups

Rediff.com16 Jan 2016

She said Finance Minister Arun Jaitley is working "hard" on the Bankruptcy Code

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.

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.

Will Thalapathy Vijay Take A Plunge Into Politics?

Will Thalapathy Vijay Take A Plunge Into Politics?

Rediff.com7 Nov 2023

At the Leo fete, Vijay had this also to tell his fans: 'I know you all are in my heart. But today, I also know that I am also in the hearts of all of you...' A typical politician's line, did you say, asks N Sathiya Moorthy.

'Ban on Chinese imports will cripple economy'

'Ban on Chinese imports will cripple economy'

Rediff.com21 Jul 2020

'The ban on Chinese imports is a suicidal step.' 'This will result not only in economic depression, but in a chaotic situation.'

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

At state environment ministers meet, Modi lets fly at 'urban Naxals'

At state environment ministers meet, Modi lets fly at 'urban Naxals'

Rediff.com23 Sep 2022

Prime Minister Narendra Modi on Friday alleged that "urban Naxals and anti-development elements" with political backing had stalled the construction of Sardar Sarovar dam on the Narmada river in Gujarat for many years by running a campaign that it would harm the environment.