Union Minister for MSME and RT&H, Shri Nitin Gadkari has assured the Footwear Industry all possible support from the government to tide over the challenges created by the lockdown imposed to curb the spread of COVID-19. He was interacting with the representatives of Confederation of Indian Footwear Industries via video conferencing from Nagpur. Shri Gadkari said government has only yesterday ...

In order to give relief to businesses and affected individuals amidst the stress caused by the novel coronavirus pandemic, Department of Commerce, Ministry of Commerce and Industry has introduced several relaxations and extensions in deadlines etc. with regard to compliances mandated under its schemes and activities. The key relaxations pertaining to the Department of Commerce are as follows: A. FACILITATION ...

1.       The summary of the Index of Eight Core Industries (base: 2011-12=100) is given at the Annexure. 2.       The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 132.9 in February 2020, which increasedby 5.5per centas compared to the index ...

The Union Commerce and Industry Ministry today announced changes in the Foreign Trade Policy (FTP) of Government of India. The present Policy which came into force on 1st April, 2015, is for 5 years and has validity upto 31st March, 2020. In view of the unprecedented current situation arising out of the pandemic Novel COVID-19, the Govt. has decided to continue relief ...

An internal assessment of India’s bilateral Free Trade Agreements (FTAs) or Preferential Trade Agreements (PTAs) with Sri Lanka, Afghanistan, Thailand, Singapore, Japan, Bhutan, Nepal, Republic of Korea and Malaysia reveals that the cumulative average growth rate (CAGR) in trade with these partners over the last 5 financial years was 7.1%. While there has been growth rate in both imports from ...

In the 9th phase of ground-breaking/inauguration of industrial projects Odisha Chief Minister, Naveen Patnaik in Bhubaneswar did the ground-breaking for 23 industrial units across various sectors and Inauguration of 3 industrial projects, worth a total of Rs. 5567.5 crores combined with the employment potential of 9168 peoples in the state. Aditya Birla Renewable is setting up Solar Power Plant for ...

The Finance Minister, Nirmala Sitharaman, announced the NIRVIK scheme in the Union Budget 2020-21 in Parliament today. It will provide high insurance cover for exporters and reduce premium for small exporters. To achieve higher export credit disbursement, a new scheme NIRVIK is being launched which provides for high insurance cover, reduction in premium for small exporters and simplified procedures for ...

Sovereign Wealth Fund of Foreign Governments in Priority Sectors to Get100% Tax Exemption in Interest, Dividend and Capital Gains Income Encourages Manufacture of Mobile Phones, Electronic Equipment and Semi-Conductor Packaging The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, has said that entrepreneurship has always been the strength of India and our young men and women have been contributing ...

Commerce & Industry Minister reviews implementation of recommendations of Baba Kalyani committee on SEZ Commerce and Industry & Railways Minister Piyush Goyal chaired a meeting yesterday in New Delhi to review the remaining recommendations of the Baba Kalyani report on Special Economic Zone (SEZ) policy of India. The meeting was attended by members of the Baba Kalyani group along with ...

The Agri Export Policy was announced last year with an objective of doubling the export and ensuring doubling of farmers’ income. In order to achieve this objective, Agricultural and Processed Food Products Export Development Authority (APEDA) has been adopting a focused approach for ensuring greater involvement of the State governments for effective implementation of Agri Export Policy (AEP). Throughout the ...