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Commerce and Industry

DIPP hosts Global Digital Content Market2018 

 The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, is hosting a conference on Global Digital Content Market (GDCM)2018, on14th– 15thNovember 2018, in New Delhi.The conference will feature sessions on music, film, broadcasting and publishing, as well as collective management, emerging models and the implications for the market and policy makers. India has been chosen as ...

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India Improves Rank by 23 Positions in Ease of Doing Business 

The World Bank released its latest Doing Business Report(DBR, 2019) todayin New Delhi. India has recorded a jump of 23 positions against its rank of 100 in 2017 to be placed now at 77thrank among 190 countries assessed by the World Bank. India’sleap of23 ranks in the Ease of Doing Business ranking is significant considering that last year India had ...

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Commerce Ministry Strategizing To Make Indian Exports More Competitive: Suresh Prabhu  India’s exports rose by 9.8%, in financial year 2017-18, which is the highest rate of growth in six years. This positive growth in exports has taken place at a time when there is a lot of negative headwinds globally. This was stated by Union Minister of Commerce & Industry ...

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Vision of a USD 5 Trillion Indian Economy 

The Working Group tasked to develop a roadmap towards achieving a 5 trilliondollar economy by 2025has prepared its report and it is being circulated to the stakeholders for further suggestions.The Working Group was constituted by the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry with participation from government and industry. The Group held extensive and ...

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GeM transactions to touch USD 100 billion in 3 years: Suresh Prabhu

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, today launched the National Mission on Government eMarketplace (GeM) for increasing awareness and accelerating the use of (GeM).Speaking on this occasion the Minister said that in the next 3 years transactions on GeM will reach USD 100 billion. He further stated that during this mission efforts will be made to ...

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Suresh Prabhu Launches Technology Initiatives for Coffee Stakeholders

Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu launched Coffee Connect – India coffee field force app and Coffee KrishiTharanga – digital mobile extension services for coffee stakeholders at a function here today. The mobile app Coffee Connect has been developed to ease the work of field functionaries and to improve the work efficiency. This application provides solution ...

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Launch of National Mission on GeM 

National Mission on Government e Marketplace (GeM) will be launched on 5th September 2018 to accelerate the adoption and use of GeM by major central Ministries, State Governments and their agencies. The aim of the National Mission is to promote inclusiveness, transparency and efficiency in public procurement and achieve cashless, contactless and paperless transaction. This will increase overall efficiency and lead ...

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NALCO announces record 114% dividend amounting to Rs. 1102 crore for 2017-18, highest ever since inception

Continuing its bull run, National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India, has once again brought cheer in the stock market by declaring record dividend payout of Rs 1102 crore – an increase from 56 % in 2016-17 to a whopping 114 % in 2017-18, which works out to Rs 5.70 per equity ...

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India to double exports by 2025: Suresh Prabhu 

  Union Minister of Commerce & Industry and Civil Aviation today chaired a meeting of different exports stakeholders and Commerce Ministry officers to discuss a strategy for revitalizing India’s exports and doubling the country’s exports by 2025. The Minister said that this is necessary in view of challenges like uncertainty of global trade, rigid approach of banks affecting availability of ...

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Sustainability and Start Ups in Odisha

What grows out of ‘land’ and ‘water’ in the air of Odisha has succeeded in creation of sustainable self- employment programs in the state. However, for the future, where not only new opportunities are emerging to achieve ‘leap-frog’ economic growth but also the ‘needs and wants’ of the youth are changing, building a sustainable self-employment and entrepreneurship model would require ...

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