Department Of Industrial Policy And Promotion

Food retail firms need to maintain separate books of accounts, inventories

As per norms, a foreign company can open a wholly-owned subsidiary in India to retail food products produced and or manufactured in the country by way of opening stores or online.

Startup reality show: India soon to get its own version of Shark Tank

Shark Tank is an American reality show where aspiring entrepreneurs from across the globe pitch their ideas to a panel of investors and try to convince them to invest in the idea.

India may question its poor ranking in World Bank's ease of doing business index

The government believes the methodology may not have truly reflected many reforms, particularly in tax rates and administration, hammering down the overall rankings and creating an impression that India continues to remains a dodgy place to do business in.

DIPP, OECD organising seminar on FDI policy on April 5

The international seminar on April 5 is also aimed at analysing the business climate of the country to further facilitate domestic as well as foreign investments.

Revenue department turns down Apple's tax incentive demand

The Department of Revenue has said no to the tax incentive demand of US-based iPhone maker Apple, which wants to set up a manufacturing unit in the country.

RBI to frame standard procedure for FDI approvals post FIPB

The Reserve Bank is expected to formulate standard operating procedure (SOP) for approval of FDI proposals by ministries following the government decision to phase out FIPB.

COMMENT: India's defence sector opportunity â€“ hype or $12 bn hope?

Media reports suggest that Warburg Pincus is likely to pick up a 40% stake in Tata Technologies (an engineering solutions and IT product developing arm of Tata Motors).

No decision yet on Apple's demand for concessions: DIPP

The government has not taken a final decision yet on the concessions being sought by US iPhone maker Apple for setting up a manufacturing unit in India, a top official said today.

Next edition of consolidated FDI policy to come out soon

"The next edition of the consolidated FDI policy circular of 2017 is due to be issued this year, which would incorporate all the changes effected in FDI policy...," the Department of Industrial Policy and Promotion (DIPP) said.

Labour intensive sectors may get easy credit flow soon

Top officers from the Department of Industrial Policy and Promotion (DIPP) and Department of Financial Services among others will meet on January 23 to discuss the issue.

Online medicine sale permitted under present law: DIPP

The government today said online sale of medicines is permitted under the present law and the Health Ministry will come out with a clarification which will put to rest issues between chemists and e-pharmacies.

Patent filings by Indians up 2% in Apr-Nov

With the government taking steps to promote intellectual property rights, filing of patents by Indians have increased by about 2 percent to 8,273 during April-November this financial year.

Soon, startups may avail of 5-year tax holiday

In a move to encourage entrepreneurs, the Finance Ministry is mulling offering a four-five year tax holiday to startups, reports Financial Express, quoting a source.

UP tops list of country's leading mobile manufacturing state

"38 new mobile manufacturing units with over 20 million units per month capacity have been set up since September 2015. These units have generated 38,300 employment opportunities," the report said.

Adequate stock of salt available: Govt

The Department of Industrial Policy and Promotion (DIPP), which comes under the Ministry of Commerce and Industry, in a series of tweets said there is sufficient stocks of salt in the country.

India's rank to seriously improve in World Bank's report: DIPP

In the World Bank's latest 'Doing Business' 2017 report, India's place remained unchanged from last year's original ranking of 130 among the 190 economies that were assessed on various parameters. But the last year's ranking has been revised to 131 from which the country has improved its place by one spot.

How AP, Telangana topped ease of doing business ranking

The latest ranking for ease of doing business has a surprise: Andhra Pradesh and Telangana are joint toppers and have dislodged Gujarat to the third spot. With a score 98.78 percent each, the two states outperformed Gujarat which scored 98.21 percent. Incidentally, Gujarat was last year‘s topper.

DIPP working with Home Min to speed up security clearances

Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said approvals and all necessary clearances sought by investors should be given in a time-bound manner.

West Bengal ranked 15th in Business Reforms 2016 list

The ranking was done under Assessment of State Implementation of Business Reforms 2016, done by the Department of Industrial Policy and Promotion (DIPP) in partnership with the World Bank, studied the extent to which states have implemented DIPP's 340-point Business Reform Action Plan (BRAP) for States/UTs in 2015-16.

Govt weighs further FDI relaxation in select sectors

The commerce and industry ministry is already on the job in this direction, sources said. They said there are certain sticking points in single brand retail trading that need to be reviewed.

Government looking into FDI policy sticking points

"There are so many other issues on infrastructure, taxation... We are taking up all this. Some of them are being resolved." The government earlier this year approved changes in the FDI regime. The reforms included allowing 100 per cent inflow in civil aviation and food processing sectors while easing norms in defence and pharmaceuticals.