Page 9 - Dpiit

Centre to ask foreign firms to use more local materials for govt projects

Indian authorities have been aggressively promoting Prime Minister Narendra Modi's flagship campaign of a self-reliant economy by urging domestic manufacturers to cut down on imports

DPIIT working on credit guarantee, seed fund schemes for startups

This scheme would give banks a comfort to lend, he said adding that it was for credit not for venture capital

Gujarat retains top spot in DPIIT's states start-up ecosystem rankings 2019

India has become the third-largest start-up ecosystem in the world with over 36,000 enterprises recognised under the Startup India initiative

Gujarat ranked best state in providing strong ecosystem for startups: DPIIT

Gujarat has again emerged as the best performer in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and union territories (UTs) done by DPIIT

DPIIT scrutinising 50 provisions in 11 Acts that threaten jail time

The move is aimed at decriminalising existing legislation and ensure more civil charges are brought in to replace criminal ones

MCA amends deposit rules for startups, extends exemptions up to 10 yrs

Earlier, the limits of total deposit from members did not apply to a startup for five years from date of its incorporation

DPIIT starts ease of doing biz ranking exercise for states, UTs for next yr

DPIIT Secretary Guruprasad Mohapatra said that the ease of doing business ranking of states and UTs for next year would be released by March 2021.

Andhra keeps top rank, UP makes big gain in 'ease of doing business'

Delhi jumps from 23rd position to 12th rank, Odisha see steepest decline of 15 ranks

Ease of doing business: States' ranking based on reforms to be out tomorrow

The exercise is aimed at triggering competition among states to improve business climate in order to attract domestic and global investors

CII launches plan to nurture new businesses, to work with DPIIT on strategy

Will provide policy inputs, identify new growth segments and set up international partnerships; wants govt to invite other nations to participate

Govt's portal with data on land banks launched, but experts wary

The Centre's Department for Promotion of Industry and Internal Trade (DPIIT) portal has data of 3,275 industrial clusters covering 419,047 hectares

Public procurement: Bidders from neighbours to require security clearance

Move will mostly affect Chinese companies who will have to register with the DPIIT

DPIIT releases registration format for bidders from neighbouring countries

The bidders are also required to submit an application for security clearance, as per the format

Ease of doing biz: Govt proposes unified compliance platform for India Inc

The Ministry of Corporate Affairs has started discussions with RBI, Sebi, and DPIIT

DPIIT calls for inter-ministerial meet on royalty payments on Aug 25

Officials from commerce department, Reserve Bank of India and revenue department are expected to participate

PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up

The new scheme would replace the existing Merchandise Exports India Scheme (MEIS), introduced in April 2015

Appointing agency to check govt tenders for procurement compliance: DPIIT

DPIIT will rope in a consulting agency to scrutinise tenders of government procuring entities for compliance with public procurement regulations that aim at promoting 'Made in India' products.

Railways to insert clause in procurement process to promote local vendors

During the meeting, Goyal urged to take measures to generate confidence in industry of corruption free and transparent procurement environment on Indian Railways

DPIIT to approach govt for 74% FDI in defence through auto route: Report

As per the current FDI policy, 100 per cent overseas investments are permitted in the defence industry -- 49 per cent under the automatic route, while beyond that the government approval is required

FDI norms to be eased further, other economic reforms in pipeline: Goyal

The minister said that new industrial policy and forest policy would be brought out soon, along with further forms in the mining sector