The government for long has been trying to sell debt-ridden Air India but could not attract bidders. It has now again decided to call bids for sale next month.
The single-window system is likely to have representatives from both the Centre and state governments, the official said.
DPIIT Secretary Guruprasad Mohapatra said that the proposal is being sent to the Commerce and Industry Minister Piyush Goyal for approval, following which it will set up an investment promotion and facilitation agency Invest India.
The DPIIT in separate questionnaires to these companies have also asked them to share their capital structure, business model and inventory management system.
Certain industry players and experts have stated that the move to cap FDI in the sector to 26 percent throws up questions that need clarifications as some of those who were looking to raise funds could be restricted.
The report identifies three interconnected sectors – sugar, alcoholic beverages, and tourism. The three specific sectors were chosen as all the three sectors are co-dependent
Will relaxing angel tax rules encourage domestic capital inflows into startups? May not happen immediately but one more option is now on the table.
The DPIIT under the commerce and industry ministry further said path-breaking reform measures undertaken during the last financial year have resulted in India surpassing the FDI received in 2016-17 and registering an inflow of $60.98 billion during 2017-18, a new all-time high.
UN World Intellectual Property Organisation Director General Francis Gurry expressed his concern about countries increasingly becoming more protectionist.
The Global Innovation Index (GII) 2019 rankings will be announced on July 24.
The Budget has proposed special administrative arrangements to be made by the Central Board of Direct Taxes for resolving pending tax assessments of start-ups and redressal of their grievances.
According to the budget documents, the allocation for the department has been slashed to Rs 5,674.51 crore for 2019-20 from the revised estimate of Rs 6,140.23 crore in 2018-19.
The offline restaurant bodies alleged that the aggregators were indulging in predatory practices and demanded that excessive and predatory prices discounts needed to be regulated.
The government has established Fund of Funds for Start-ups (FFS) with a corpus of Rs 10,000 crore to meet the funding needs of budding entrepreneurs.
Earlier, the Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry, had stated that it would consider measures taken by states and UTs during May 1, 2018 to June 30, 2019, for ranking purpose.
The Start-up India action plan provides tax and other incentives including income tax exemption.
At present, start-ups comply with a plethora of requirements such as GST filings, tax returns and other local laws every month.
These suggestions are part of 'Startup India Vision 2024', prepared by the DPIIT for the new government to promote growth of budding entrepreneurs, who face difficulty in raising finances.
The department, under the commerce and industry ministry, has already prepared a draft definition and is now seeking views of stakeholders.
The earlier deadline was March 9.
The industry body thinks that the sector is plagued with business challenges such as inadequate physical infrastructure and complex regulatory environment
The government has tried to address most of the concerns of the startup community.
To allow free flow of capital into the startup ecosystem, the government introduced changes in the sector on February 19, after pressure from venture capital funds and startups for the past three years