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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

 E-commerce activities are governed by a number of Regulations and Acts of the Government. Information Technology Act 2000 provides legal recognition for the transactions carried out by means of electronic data interchange and other means of electronic communication, which involve the use of alternatives to paper based methods of communication and storage of information. Ecommerce companies have to comply with ...

TheGovernment had constituted a Group of eminent persons under the Chairmanship of Baba Kalyani, Chairman M/s. Bharat Forge to study the Special Economic Zone (SEZ) Policy of India on 04.06.2018.  The Group submitted its report to the Governmentlast month.  The key recommendations of the Group are as under: Framework shift from export growth to broad-based Employment and Economic Growth (Employment ...

India’s overall exports (merchandise and services) have increased since 2016-17. During the current period 2018-19 (Apr-Sept), India’s overall exports registered a positive growth of 17.01% as compared to the corresponding period of previous year. The details of India’s overall exports for last three years and the current year are as follows: Years Value of Exports (US$ billion) % Change 2015-16 416.60 ...