The rural development ministry had asked for an additional disbursal of Rs 10,000 crore to meet wage payment requirement for November 2016-March 2017.
All subsidies will be paid through direct benefit transfer for which all industrial units will have to get registered on the e-payment portal.
According to a senior official, DIPP has written to the ministry of justice to amend the alternate dispute mechanism under the Arbitration Act to do away with court-led procedures of resolving commercial disputes.
Carpet makers, handicraft, weavers and metal scrap aggregators had a feeling that due to shortage of currency, the payments were affected.
Companies have requested DIPP to help improve the cash flow through cooperative banks and increased withdrawal limits. DIPP will take demands with the finance ministry.
Perched atop a high platform in front of Udyog Bhawan — home to the ministries of commerce and industry, textiles and small and medium enterprises, the lion has been made and installed by Bharat Heavy Electricals.
The rural development ministry has tied up with banks to smoothen the transfer of money given through welfare schemes following the demonetisation of high-denomination currency notes.
DIPP proposes talks with stakeholders, respondents to spread awareness about reforms.
The drinking water ministry is revamping the National Rural Drinking Water Programme to upgrade the scheme and increase its reach.
Prime Minister Narendra Modi had set a target for India to reach the top 100 this year and be in the top 50 countries in the next three years.
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