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these Regulations the existing SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 shall stand repealed.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 ...
Read More »Author Archives: Indianindustry Media
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 ...
Read More »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 ...
Read More »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, ...
Read More »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 ...
Read More »Production, Supply and Import of Coal
As per International Energy Agency (IEA), India was the third largest coal producer in the world during 2016-17. There is no shortage of coal in the Country. As on 1.04.2018 the vendible stock of coal was 55.6 MT and as on 15.12.2018 coal stock was 22.93 MT with CIL. All India raw coal production has increased from 565.77 MT in ...
Read More »Growth of Exports of MSME Products
The growth of exports of products manufactured by MSME units has been 7.5%, during the financial year 2017-18. This was informed by Giriraj Singh, MoS (I/C) for the Ministry of MSME, in the Lok Sabha today. The Minister further informed that the growth had been -5.9%, and 4.8% during 2015-16 and 2016-17 respectively. Giriraj Singh added that as per the ...
Read More »FDI on the increase
Foreign Direct Invest (FDI) has increased constantly from USD 45.15 billion in 2014-15 to USD 60.97 billion in 2017-18.This information was given by Minister of State for Commerce & Industry C. R. Chaudhary in a written reply in the Lok Sabha today. To boost the investment environment and to bring in foreign investments in the country, the Government has brought ...
Read More »Manual of Operating Practices for Trade Remedy Investigations and Handbook of Operating Procedures released by Commerce Minister
Union Minister of Commerce& Industry and Civil Aviation,Suresh Prabhu, released the first ever Manual of Operating Practices for Trade Remedy Investigations and Handbook of Operating Procedures of Trade Defence Wing, in New Delhi today. The Minister also released bilingual brochures and Trade Remedial Measures – Frequently Asked Questions, for use in outreach programmes aimed at familiarizing industry about antidumping measures, countervailing ...
Read More »Exports from SEZs at Rs. 3.33 lakh crore; Employment generation at 19.96 lakh persons
The Special Economic Zones (SEZs) policy was launched in April, 2000. The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005. The SEZs Rules, 2006 came into effect on 10th February, 2006. The salient features of the SEZ scheme are:- A designated duty free enclave to be ...
Read More »