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Secretary (DPIIT), Dr. Guruprasad Mohapatra today said that  the Union Budget 2021 is aimed at restoring growth in the aftermath of heavy economic losses suffered by the country due to Covid-19 pandemic by enhancing the investment ecosystem in the country. Overall the  Budget 2021-22focuses on investment promotion, infrastructure development, leveraging private investments and encouraging social sector thus creating  a promising ...

With the object of unleashing the entrepreneurial spirits of our youth and to remove the fear of criminal prosecutions for non- substantive minor and procedural omissions and commissions in the normal course of their business transactions, the Government of India in the Ministry of Corporate Affairs (MCA) decided to initiate the process of decriminalization of compoundable offences under the limited ...

As a measure which directly benefits Startups & Innovators in the country, especially those who are supplying products & services on e-commerce platforms, and in order to bring in more unincorporated businesses into the organized corporate sector, the incorporation of One Person Companies (OPCs) is being incentivized by amending the Companies (Incorporation) Rules to allow OPCs to grow without any ...

In line with the vision of the Government of India, the definition under the Companies Act, 2013 for Small Companies has now been revised by increasing their thresholds for Paid up capital from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore” & Turnover from “not exceeding Rs 2 crore” to “not exceeding Rs 20 crore” (Click Here ...

Commerce Secretary, Ministry of Commerce and Industry, Dr Anup Wadhawan today said that the Budget for 2021-22 extensively and comprehensively envisages several initiatives and areas of focus, aimed at enhancing India’s overall competitiveness and manufacturing capacities, which would enable growth, diversification and technological enhancement of India’s exports. These cover both ease of doing business in the area of approvals and ...

The Department for Promotion of Industry and Internal Trade (DPIIT) has released the rankings of States and Union Territories (UTs) under State Reform Action Plan (SRAP), 2019 on 05.09.2020. The Action Plan included 187 reform points covering 12 business regulatory areas, viz., Access to Information & Transparency Enablers, Labour Regulation-Enablers, Construction Permit Enablers, Single Window System, Sector Specific, Inspection Enablers, ...

Make in India initiative was launched on September 25, 2014 with the objective of facilitating investment, fostering innovation, building best in class manufacturing infrastructure, making it easy to do business and enhancing skill development. The initiative is further aimed at creating a conducive environment for investment, modern and efficient infrastructure, opening up new sectors for foreign investment and forging a ...

After a steep decline in March and April 2020, the overall growth rate of production of eight core industries started showing signs of recovery since May 2020.  The sector-wise and month-wise details of growth rate in the eight core industries since November 2019 are at Annex-I. The production of eight Core industries has been adversely affected by the Covid-19 pandemic ...

To promote Foreign Direct Investment (FDI), the Government has put in place an investor-friendly and enabling policy, wherein many sectors are open for 100% FDI under the Automatic route. The intent is to make the FDI climate more investor friendly and remove the policy bottlenecks that have been hindering investment inflows into the country. FDI policy reforms carried out by ...

The value of India’s overall exports (merchandise and services) during first eight months of the current financial year, April-November 2020, was US$ 304.53 billion as compared to US$ 351.83 billion during same period of the previous year, showing a negative growth of 13.45%. During this period, India’s overall exports were US$ 44.87 billion in September 2020 as compared to US$ ...