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 ...

The Baba Kalyani led committee constituted by the Ministry of Commerce& Industry to study the existing SEZ policy of India submitted its report to the Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, in New Delhi today. The objectives of the committee were to evaluate the SEZ policy and make it WTO compatible, suggest measures for maximizing utilisation ...

             The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, released the report prepared by the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, on Industrial Park Rating System. Speaking on this occasion, Commerce Minister said that manufacturing has emerged as one of the high growth sectors in India and it has moved 23 places ...

The SEZ Policy Review Committee, headed by Baba Kalyani, met in New Delhi. This was the final round of consultations with the committee members under the chairmanship of the Commerce Secretary. The group held its first meeting on 22nd June this year under the chairmanship of Commerce & Industry Minister Suresh Prabhu. Subsequently, the group met again on 9th July and 20th August, ...

The Committee constituted by Government of India in July 2018  to review the existing framework dealing with offences under the Companies Act, 2013 and related matters and make recommendations to promote better corporate compliance, has submitted its report here today. The report was presented to the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley by Secretary, Ministry of Corporate ...

The Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports. One major initiative is to improve the returns earned on treasury investments by the ports for pension, provident and surplus funds. Across all major ports, these funds add up to around Rs 33,000 crore, yielding interest of ...

Recently, it was reported that, the Government of Odisha is planning to set up a ‘Steel Directorate’ to expedite in resolving bottlenecks for development of mining of iron ores, their beneficiation, agglomeration, production of sponge iron and steel etc. The State Government has already got a number of organizations like Directorate of Mines, Industrial Development Corporation (IDC), Orissa Mining Corporation ...

A 19-point Action Plan for Startups was launched in January 2016. The Action plan covers areas of Simplification and Handholding, Funding Support & Incentives and Industry-Academia partnership and incubation. Department of Industrial Policy & Promotion, Ministry of Commerce & Industry is the nodal Ministry for successful implementation of the Action Plan. Recognition of Startups Modification of definition of Startups in ...

Financial Assistance Policy for Shipyards  The Minister of State for Shipping Shri Pon Radhakrishnan informed in a written reply to a question in Lok Sabha today that the  Government has introduced a Rs.4000 Crores Financial Assistance Policy (FAP) for Indian shipyards for a period of 10 years, for contracts secured between 01.04.2016 and 31.03.2026. Under this scheme financial assistance equal ...