The ED case stems from a recent CBI FIR registered by the Central Bureau of Investigation (CBI) against the 1982-batch officer. He was raided by the CBI in February.
The former bureaurcrat is serving as an independent director on the Paytm Payments Bank board
The letter also spoke in support of Ramesh Abhishek - the former Chairman of FMC and current Secretary of DIPP – who took action against 63 Moons and its promoters.
The Appointments Committee of the Cabinet has approved assignment of additional charge of the post of secretary, Civil Aviation Ministry, to Abhishek, the order by the Personnel Ministry said.
Highlighting the significance of design and innovation in India's economic progress, Secretary of the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek also extended his "full support" to the setting up of a National Design Centre as early as possible.
The World Bank's 'ease of doing business' report is slated to be released in October.
However, according to an UNCTAD report, foreign direct investment (FDI) to India decreased to USD 40 billion in 2017 from USD 44 billion in 2016, while outflows from India, the main source of investment in South Asia, more than doubled.
At a session of the Global Entrepreneurship Summit (GES) 2017 here, Abhishek underscored the need for a differential treatment of sectors such as startups, smart technology and disruptive businesses.
The World Bank's 'ease of doing business' survey 2018 is slated to be released on October 31. "We have worked very hard so we are definitely expecting," DIPP Secretary Ramesh Abhishek told PTI when asked if the country's ranking would improve.
When asked about Apple's proposals, Abhishek told reporters: "They are asking for certain exemptions. The government is considering it. But there are 90 manufacturers who are already manufacturing here. So Make in India is going quite strong."
Apple has asked federal government officials for a range of tax and policy changes to help build out its iPhone assembly work in India.
Emphasising upon the importance of quality and standards of goods and services, Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said that to become part of the global value chain, quality should be the best in the world.
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.
The markets regulator‘s latest initiative in aimed at diverting local firms from hedging their risks in international bourses.
The government is inviting feedback from various sectors to modify the definition of Indian companies that can be classified as ‘startups‘.
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.
The government is aiming to increase the share of manufacturing to 25 percent of GDP from the present 17 percent, with a view to creating millions of jobs and pushing the country's economic growth.
DIPP Secretary, Ramesh Abhishek is confident of seeing at least around 30 percent growth if not more, in foreign direct investment (FDI) into India next year, which will be similar to this year‘s growth number
Looking to showcase flagship programmes like Make In India, Union Ministers Nitin Gadkari and Nirmala Sitharaman today joined over 100 corporate honchos from India at the WEF meet here even as China positioned itself as the new champion of globalisation with call for further opening up of economies worldwide.
The eighth edition of Vibrant Gujarat Global Summit has a lot to offer, says DIPP Secretary, Ramesh Abhishek.
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.
CNBC-TV18 talks to the top bureaucrats like Ramesh Abhishek, Secretary, DIPP, Ashok Lavasa, Secretary, Finance and Sanjay Mitra, Secretary, Road Transport & Highways, among others, about key issues like demonetisation, Parliament's Winter Session and the upcoming Budget.
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.
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.