74 Viewsministry of Commerce & Industry In view of the sudden outbreak of COVID‐19 pandemic and the nation‐wide lock‐down, most government offices are closed and a few involved in emergency services etc., are functioning with skeletal staff. The Department of Commerce has therefore decided to provide suitable relaxations on compliances to be met by units […]

151 ViewsMinistry of Finance Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman participated in the 2nd Extraordinary G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Saudi Arabian Presidency today, to discuss the impact of COVID-19 pandemic on the global economy and coordinate efforts in response to this global challenge. Finance Minister […]

264 ViewsMinistry of Commerce & Industry Shri Piyush Goyal says India has been a dependable and affordable source of efficacious and high quality medical and pharma products; G20 Trade and Investment Ministers decide to keep their markets open, and ensure smooth and continued operation of the logistics networks Posted On: 31 MAR 2020 12:04PM by […]

83 ViewsMinistry of Commerce & Industry Other immediate relief measures also announced The Union Commerce and Industry Ministry today announced changes in the Foreign Trade Policy (FTP) of Government of India. The present Policy which came into force on 1st April, 2015, is for 5 years and has validity upto 31st March, 2020. In view of the […]

83 ViewsMinistry of Commerce & Industry In view of the sudden outbreak of COVID‐19 pandemic and the nation‐wide lock‐down, most government offices are closed and a few involved in emergency services etc., are functioning with skeletal staff. The Department of Commerce has therefore decided to provide suitable relaxations on compliances to be met by units […]

109 ViewsMinistry of Corporate Affairs To address this difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the CIRP Regulations to provide that the period of lockdown imposed by the Central Government in the wake of COVID-19 outbreak shall not be counted for the purposes of the […]

101 ViewsMinistry of Commerce & Industry  Petroleum & Explosives Safety Organization (PESO), under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has taken various measures to ensure uninterrupted supply of Oxygen to hospitals and other health care facilities and also to address the problems faced by Petroleum, Explosives, […]

95 ViewsMinistry of Commerce & Industry Platform is helping businesses get real-time updates on India’s response to COVID-19 The Invest India Business Immunity Platform (https://www.investindia.gov.in/bip?utm_source=popup), hosted on the website of Invest India, India’s National Investment Promotion & Facilitation Agency, under the Ministry of Commerce and Industry is working 24X7 as a comprehensive resource to help businesses and […]

134 ViewsMinistry of Commerce & Industry Says the Government is committed to ensure that essential goods reach the people in the most convenient and safest manner The Minister of Railways and Commerce & Industry Shri Piyush Goyal held a video conference with stakeholders from e-Commerce and Logistics industry on Thursday, to discuss the issues faced […]

95 ViewsMinistry of Commerce & Industry Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has set up a control room to monitor in real time the status of transportation and delivery of goods, manufacturing, delivery of essential commodities to common man and the difficulties being faced by […]

103 ViewsMinistry of Commerce & Industry  There were 7 Central Government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs prior to the enactment of the SEZ Act, 2005.  In addition, 421 proposals for setting up of SEZs in the country have been accorded formal approval under the SEZ Act, 2005.  Presently, 354 SEZs are […]

124 ViewsMinistry of Commerce & Industry The export of Ventilators, Surgical/Disposable Masks  (2/3 ply) and Textile raw material used for masks and coveralls  has been prohibited with immediate effect.  A Notification (No.52/2015-2020) issued by Directorate General of Foreign Trade, Ministry of Commerce & Industry says that amendments in this regard have been made in the […]

603 ViewsMinistry of Commerce & Industry Review for the month of February, 2020 The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of February, 2020 declined by 0.6% to 122.2 (provisional) from 122.9 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 2.26% […]

104 ViewsMinistry of Commerce & Industry Promoting growth of industries is a continuous and ongoing effort of the Government. Recently, Government has taken various steps, in addition to the ongoing schemes, to boost industrial production of India.  Infrastructure: The National Infrastructure Pipeline (NIP) was launched in December, 2019, under   which expenditure of Rs 102 lakh […]

115 ViewsMinistry of Commerce & Industry Intellectual Property (IP) intensive industry is not defined, however, this Department has taken various initiatives to strengthen Intellectual Property Rights (IPR) Regime in India like legislative improvements, modernisation of IP offices, manpower augmentation, use of IT and technology, e-filing of applications, acceptance of email in all IPO transactions, online […]