Considering the cross-cutting nature of e-Commerce, different laws and regulations across sectors govern the present e-Commerce activities, some of which are; Consumer Protection Act, 2019, Finance Act 2020, Information Technology Act, 2000, Foreign Exchange Management Act, 2000 and Competition Act, 2002. In terms of providing a regulatory framework, the Competition Act, 2002, provides for preventing practices, which may have an ...

After a steep decline in April 2020, the overall growth rate of industrial production of eight core industries started showing signs of recovery, thereafter.  The sector-wise and month-wise details of growth rate in the eight core industries since March 2020 are at Annex. The sudden outbreak of COVID-19 has severely impacted some of the major economies of the world, viz. USA, ...

The Government introduced a comprehensive Agriculture Export Policy in December 2018, with the following objectives: To diversify our export basket, destinations and boost high value and value added agricultural exports, including focus on perishables. To promote novel, indigenous, organic, ethnic, traditional and non-traditional Agri products exports. To provide an institutional mechanism for pursuing market access, tackling barriers and dealing with ...

A number of schemes have been launched for supporting traders. Details of Schemes for supporting Traders are given as under: 1. National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons Ministry of Labour & Employment has launched “National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons” on 12.09.2019. It is a voluntary and contributory pension scheme. Enrolment to the scheme is ...

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 SEZ Rules, 2006 came into effect on 10th February, 2006. The salient features of the SEZ scheme are:- A designated duty free enclave to be treated as ...

The Government of India is making continuous efforts under InvestmentFacilitationfor implementation of Make in India action plans to identify potential investors. Support is being provided to Indian Missions abroad and State Governments for organising events, summits, road-shows and other promotional activities to attract investment in the country under the Make in India banner. Investment Outreach activities are being carried out ...

India’s exports during the last three years are as under: Year Exports (Merchandise +Services) (USD Billion) Growth (%) 2017-18 498.61 13.31 2018-19 538.08 7.91 2019-20 526.55 -2.14 Source: DGCI&S& RBI Eexport targets are set for Special Economic Zones (SEZs)/Export Oriented Units (EOUs). The SEZ units/EOU units are under obligation to achieve positive Net Foreign Exchange (NFE) earning to be calculated ...

Government of India is developing various Industrial Corridor Projects as part of National Industrial Corridor Programme which is aimed at development of greenfield industrial cities in India in order to compete with the best manufacturing and investment destinations in the world. National Industrial Corridor Development & Implementation Trust (NICDIT) has been constituted for unified development of Industrial Corridors in the ...

Packaging serves as the interface between users and logistics companies and efficient and sustainable packaging is the key to environmentally sustainable logistics. Packaging deserves greater attention from improving the overall logistical efficiency perspective.In a consultation meeting organised by the Logistics Division of the Ministry of Commerce and Industry on 9thFebruary, Shri Pawan Agarwal, Special Secretary (Logistics) made the above observations. ...

India’s exports of cereals – rice, wheat and coarse cereals witnessed an impressive rise during first three quarters of 2020-21 financial year. As per the data during April-December, 2020, the exports of cereals rose to Rs 49,832 crore from Rs 32,591 crore (4581 US$ million) reported during the same period in the previous year. The exports of cereals witnessed a ...