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Yearly Archives: 2018

Assistance under IIUS 

At present, there are 58 projects in different States sanctioned by Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce and Industry under Industrial Infrastructure Upgradation Scheme (IIUS)/Modified Industrial Infrastructure Upgradation Scheme (MIIUS) based on the project proposals received from Special Purpose Vehicles(SPVs)/State Implementing Agencies (SIAs). However, no project has been sanctioned in Sheohar district of Bihar under IIUS. ...

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Performance of States on EODB 

Sixteen States have implemented 75% or more of the 340 reforms based on Implementation Score in Business Reform Action Plan 2016.In Business Reform Action Plan 2017-18, 18 States have achieved a combined score (Reform evidence score and Feedback score) of more than 75%.   TOP ACHIEVERS (ABOVE 95%) RANK STATE SCORE (%) 1 Andhra Pradesh 98.30 2 Telangana 98.28 3 ...

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Establishment of NIMZs 

National Investment & Manufacturing Zones (NIMZs) are one of the important instruments of National Manufacturing Policy, 2011.  NIMZs are envisaged as large areas of developed land with the requisite eco-system for promoting world class manufacturing activity. So far, three NIMZs namely Prakasam (Andhra Pradesh), Sangareddy (Telangana) and Kalinganagar (Odisha) have been accorded final approval and 13 NIMZs have been accorded ...

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Operational National Waterways in the Country 

Out of the 111 National Waterways (NWs) declared under the National Waterways Act, 2016, 13 NWs are operational for shipping and navigation and cargo/passenger vessels are moving on them.  The details of operational NWs are as follows: Details of Operational National Waterways Sl. No. National Waterway (NW) No. Length (km) Location (S) 1. NW-1: Ganga-Bhagirathi-Hooghly River System (Haldia – Allahabad) 1620 ...

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Decisions taken by the GST Council in the 31st meeting held regarding GST rate on services 

GST Council in the 31stmeeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions andclarificationson connected issues.The decisions of the GST Council have been presented in this note in simple languagefor easyunderstanding. The same would be given effect to through Gazette notifications/ circulars which shall have force of law. ...

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New Settlement Rules of SEBI 

SEBI has introduced the SEBI (Settlement Proceedings) Regulations, 2018 that have been notified on 30.11.2018 and will come into effect from 01.01.2019. On the date of commencement of these Regulations the existing SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 shall stand repealed. In pursuit of the objectives of SEBI (to protect the interests of investors in securities and ...

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Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified 

  In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.96/2018-CUSTOMS (N.T.), dated  6th December, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs hereby ...

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40 Workers Selected for Prime Minister Shram Awards for the Year 2017 

The Government of India has decided to confer the Prime Minister’s Shram Awards for the year 2017 to be awarded to 40 workers employed in the Departmental Undertakings & Public Sector Undertakings of the Central and State Governments and Private Sector Units employing 500 or more workers in recognition of their distinguished performances, innovative abilities, outstanding contribution in the field ...

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States’ Startup Ranking 2018 Announced Gujarat Ranked Best Performer Karnataka, Kerala, Odisha, And Rajasthan Top Performers

The Department of Industrial Policy and Promotion (DIPP) announced results of thefirst ever States’ Start-up Ranking 2018 at an event in New Delhi today. DIPP began this exercise from January, 2016. States have been identified as leaders across various categories such as Start-up policy leaders, incubation hubs, seeding innovation, scaling innovation, regulatory change champions, procurement leaders, communication champions, North-Eastern leader, ...

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Commerce Ministry to set up trade promotion bodies in 15 countries – Suresh Prabhu

Union Minister of Commerce &Industry and Civil Aviation, Suresh Prabhu,said that the Ministry is examining the proposal to set up trade promotion bodies in 15 countries to promote exports of SMEs from India. Suresh Prabhu was speaking at the inaugural session of the 15th Global SME Business Summit in New Delhi today. The Ministerinformed the participants of the Summit about the ...

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