DPIIT shares list of 24 key sectors with ministries to work on plan to boost manufacturing
"Each ministry has been sent those sectors to identify their response. What incentives they (sectors) need, what policy tweaking is required, they (respective ministries) should do that. We have given them a preliminary action plan and the ministries will work on that. Each ministry will bring its own policy on these sectors," the commerce and industry ministry official said.
Exporters body EEPC India urges Centre for restoration of incentive scheme benefits
Engineering Export Promotion Council of India (EEPC) stat...
iPhone manufacturer Pegatron starts business operations in India
Pegatron has appointed BSR & Co as statutory auditors for the first year of ...
India needs to copy China better if it wants to be the next manufacturing powerhouse
To lure manufacturers away from the mainland, though, India is going to have to convince them that they’ll be able to operate just as easily and efficiently as they can in China.
Commerce Ministry not accepting MEIS applications from exporters availing tax incentives
The commerce department has requested its revenue counterpart to reconsider its decision, and a communication has also been sent by Commerce and Industry Minister Piyush Goyal to Finance Minister Nirmala Sitharaman on July 21.
View: IBC remains suspended but its spirit lives on
However, Reserve Bank of India (RBI) Resolution Framework for Covid-19 Related Stress (RBIFC) of 6th August brought us back into the realm of what can be described as insolvency proceedings. Thus, the extension of suspension announced on 24th September is different from the initial one as explained below.
Shaktikanta Das pushes for big farm reforms, says current incentives ineffective
Total foodgrain production in the country was estimated at a record 291.95 million tonnes in 2019-20, higher by 6.74 million tonnes than the production of foodgrain of 285.21 million tonnes achieved during 2018-19.
COVID-19 crisis: Certain economists, academicians for incentive to exporters, delayed GST payment
The Engineering Export Promotion Council of India (EEPC India) in a statement said it is an initiative where 40 economists and academics of Indian and international institutions have written their assessment of the economic, social and political impact of COVID-19.
House panel meets to discuss API, KSM self-sufficiency, reducing dependence on China
The 27-member parliamentary panel held a meeting this week with the industry and sought their suggestions. The government is committed to going into the micro details and putting up recommendations in a considerate manner, officials told ET.
Realtors offering incentives to labourers for uninterrupted construction work
Gurgaon based M3M Group has been supporting 9,515 labor families and not only extended economic but also psychological support to them.
Privatise select PSU banks, dilute role of DFS: Raghuram Rajan
"Re-privatization of select PSBs can then be undertaken as part of a carefully calibrated strategy, bringing in private investors who have both financial expertise as well as technological expertise; corporate houses must be kept from acquiring significant stakes, given their natural conflicts of interest," the paper said.
RBI panel pitches for incentives to promote usage of QR code transactions
With a view to promote less cash economy, the government should provide incentives to popularise usage of QR (Quick Response) code transactions among consumers, a report of the Reserve Bank of India (RBI) said on Wednesday.
Agri-sector industries demand export incentives as bumper kharif harvest expected
A good start to the monsoon season — average rainfall till July 17 was 10% above normal — and sowing that was 21% more than a year earlier till July 15 has boosted expectations on the kharif harvest. Meanwhile, demand has been low, causing worries of a glut in the market and its likely impact on prices.
Can India be a toy hub of the world, as PM Modi has exhorted? It’s a tough game
Industry experts also say the PM’s call to develop India into a toy hub and the commerce ministry’s move to make BIS certification compulsory after it raised import duty for toys in the budget are contradictory.