In the current Goods and Services Tax regime, exports are zero rated to ensure that the goods produced in India for exports are not disadvantaged due to the domestic tax burden and stay competitive internationally. Further, Under the Foreign Trade Policy, Duty Exemptions Schemes ensure that inputs imported/locally procured for use in the export products are either exempt from duties ...

Government of India has approved the development of following five industrial corridor projects to be implemented through National Industrial Corridor Development and Implementation Trust (NICDIT): S.No. Industrial Corridor States 1 Delhi Mumbai Industrial Corridor (DMIC) Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra 2 Amritsar Kolkata Industrial Corridor (AKIC) Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, West Bengal 3 Chennai ...

India and the countries of the Europe 29 region are beacons of growth in a slowing world. This was stated by Mr. Piyush Goyal, Minister of Commerce & Industry and Railways at the India – Europe 29 Business Forum has been organized by the Ministry of External Affairs, Government of India and Confederation of Indian Industry (CII) in New Delhi ...

Prime Minister Narendra Modi today inaugurated the Rising Himachal, the Global Investors Meet 2019 at Dharamshala, Himachal Pradesh. Prime Minister congratulated the Chief Minister of Himachal Pradesh for organizing this event. Addressing the gathering, Prime Minister said, he is happy to welcome all the Wealth Creators to this meet. He said earlier states were offering various discounts to attract investment ...

Services sector to contribute USD 3 trillion to Indian Economy Commerce & Industry Minister launches curtain raiser of GES 2019 Union Minister of Commerce and Industry & Railways, Piyush Goyal, said that brand India will be developed in order to promote the 12 champion services sectors. He further said that the Commerce and Industry Ministry will support different sectors in ...

Union Minister of Commerce and Industry & Railways, Piyush Goyal, will launch the curtain raiser of 5th Global Exhibition on Services (GES) in New Delhi on 5th November 2019. The exhibition will be held in Bengaluru from 26th – 28th November 2019. The curtain raiser will be a prelude to the main GES and showcase the planned activities over the span of three ...

G.S.R (E).- Whereas draft of certain rules further to amend the Registration and Licensing of Industrial Undertakings Rules, 1952, were published, as required by sub-section (1) of section 30 of the Industries (Development and Regulation) Act, 1951 (65 of 1951), vide notification of the Government of India in the Ministry of Commerce and Industry (Department for Promotion of Industry and ...

Union Minister of Commerce & Industry and Railways, Piyush Goyal informed about the details of the Export Credit Insurance Scheme (ECIS) in New Delhi today at a press conference. Minister of State for Commerce & Industry, Hardeep Singh Puri was also present. The scheme was announced by the Finance Minister, Nirmala Sitharaman, as part of measures to boost exports, on ...

Recognising the importance of nurturing innovation and creativity in a knowledge economy, India is taking great strides in strengthening its intellectual property ecosystem. Further, given the key role played by MSMEs in the economic growth of India, it is proposed to reduce the fees for various IPRs as follows: IPR ACTIVITY CATEGORY CURRENT FEES PROPOSED FEES REDUCTION (%) PATENTS FILING ...

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for Review of Foreign Direct Investment on various sectors. Major Impact and Benefits from FDI Policy Reform The changes in FDI policy will result in making India a more attractive FDI destination, leading to benefits of increased investments, employment and growth. In the coal sector, ...