Govt recognised 7,141 startups till Nov 5: Piyush Goyal
Sector-wise, the highest of 1,351 start-ups are from information technology followed by healthcare (808), education (658), professional and commercial services (400) and finance technology (362).
RCEP did not address our concerns: Piyush Goyal
Piyush Goyal in a written reply to the House said that during the third RCEP Leaders Summit o...
Kirana stores to get a shield against Flipkart, Amazon
The proposed exercise is aimed at consistency, simplification & low compliance burden ...
DPIIT sets up development council for bicycle
The council has been setup for “vision planning in design, engineering and manufacturing of lighter, smarter, value added, safe and faster premium bicycles which are comparable with global standards for exports and domestic market”, according to the commerce and industry ministry.
Startup India Vision 2024: DPIIT for cutting compliance time to just 1 hour per month for startups
It has proposed providing work orders and pilot projects from the government, ranking of ministries and central public sector undertakings for their increased engagement with startups, and organising a global startup event in the country.
Young innovators win accolades at Spirit of Manufacturing Awards 2019
The winners were awarded across 5 categories based on the innovative skills and the tangible impact showcased. The categories included Social Impact, Young Entrepreneur, IT Adoption & Innovation, Woman Entrepreneur of the Year and Special Jury Award.
Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT
Flipkart and Amazon have communicated to Department for Promotion of Industry and Internal Trade (DPIIT) that they are investing big on creating warehouses and logistics network, technology and other such areas, while reiterating they are fully compliant with all laws and FDI norms for online marketplaces.
DPIIT kickstarts exercise to ease FDI norms more
The department held an inter-ministerial meeting to discuss further opening up in sectors, especially where 100% FDI is not allowed on the automatic route.
DPIIT to soon approach cabinet for Startup India Vision 2024
The department has proposed measures like easing regulatory requirements for startups such as reducing tax compliance time to just one hour per month and facilities of debt financing, the official said.
Government wants ecommerce companies to make kiranas part of their growth story
This comes against the backdrop of groups such as CAIT and AIMRA complaining to the govt about online deep discounting and alleging that ecommerce marketplaces violated FDI norms during the festive season. The govt wants to address the concerns of small retailers over online discounting and see how both sides can work together to their mutual benefit.
Setting up mechanism to handhold investors: DPIIT secretary
Guruprasad Mohapatra said the proposal is being sent to the Union Minister Piyush Goyal for approval, the new mechanism will help in all approvals and clearances that a company requires to set up a plant in a state or district or town.
DPIIT plans single window system to handhold foreign investors
Govt is planning to set up a single-window system to handhold foreign investors keen to invest in India.
DPIIT launches website, mobile app for IPR
The modules of this e-learning platform will aid and enable youth, innovators, entrepreneurs and small and medium industries (SMEs) in understanding IPRs for their ownership and protection.
DPIIT, aviation ministry exploring options to ease FDI norms to attract bidders for Air India
There are nine sectors where FDI is prohibited and that includes lottery business, gambling and betting, chit funds, Nidhi company, real estate business, and manufacturing of cigars, cheroots, cigarillos and cigarettes using tobacco.
DPIIT asks Amazon, Flipkart to disclose names of top 5 sellers, capital structure, inventory details
The DPIIT has asked the cos to share their capital structure, biz model & inventory management system.
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