Ministry of Finance The Government has given ‘in-principle’ approval for strategic disinvestment of 28 Central Public Sector Enterprises (CPSEs) including subsidiaries, Units and Joint Ventures with sale of majority stake of Government of India and transfer of management control. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate…...
Infusion of capital to PSBs
Ministry of Finance In addition to capital infused earlier by the Government, provision of Rs 70,000 crore has been made for infusion of capital by the Government in banks in the Budget for the current Financial Year to boost credit for impetus to the economy. Rs 60,314 crore has been infused so far from this…...
First ever International Buyer- Seller Meet in Arunachal Pradesh
Ministry of Commerce & Industry First ever International Buyer- Seller Meet in Arunachal PradeshBuyers from seven countries participate in the meet The Agricultural and Processed Food Products Export Development Authority (APEDA) under the Department of Commerce, Ministry of Commerce and Industry, held the first ever international buyer seller meet on Agriculture & Horticulture produce in…...
DPIIT establishes Development Council for Bicycle
Ministry of Commerce & Industry Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India, has set up a Development Council for Bicycle for vision planning in design, engineering and manufacturing of lighter, smarter, value added, safe and faster premium bicycles which are comparable with global standards for…...
India’s Foreign Trade: October 2019
Ministry of Commerce & Industry India’s overall exports (Merchandise and Services combined) in April-October2019-20* are estimated to be USD 310.23 billion, exhibiting a positive growth of 1.51per cent over the same period last year. Overall imports in April-October 2019-20* are estimated to be USD 359.68 billion, exhibiting a negative growth of 4.61per cent over the…...
Suggestion for changes in Direct and indirect taxes
Inviting suggestions from Industry and Trade Associations for Budget 2020-21 regarding changes in direct and indirect taxes...
Commerce and Industry Minister to meet USTR in Washington
Ministry of Commerce & Industry Piyush Goyal to participate in 9th BRICS Trade Ministers Meet in BrasiliaCommerce and Industry Minister to meet USTR in Washington Commerce and Industry and Railway Minister, Piyush Goyal, will be on tour to Brazil and United States from 9th – 14th November 2019. On the first leg of his visit the Commerce and Industry Minister…...
FM chairs 21st Meeting of the Financial Stability and Development Council (FSDC)
Ministry of Finance FM chairs 21st Meeting of the Financial Stability and Development Council (FSDC) The 21st Meeting of the Financial Stability and Development Council (FSDC) was held here today under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman. The meeting was attended by Shri Shaktikanta Das, Governor, Reserve Bank…...
SHGs and artisan clusters to be on boarded on GeM
Ministry of Commerce & Industry SHGs and artisan clusters to be on boarded on GeMGeM a partner in growth story of MSMEs and Start-ups.40 thousand buyer organisations registered on GeM portal Government e Marketplace (GeM) is working with the Rural Development Ministry, State Government Emporia and Development Commission Handicarfts to on board self-help groups (SHGs)…...
Manufacture Bond scheme
Central Board of Indirect Taxes and Customs has launched a revamped and streamlined program to attract investments into India and strengthen Make in India through manufacture and other operations under bond scheme, under Customs Act, 1962. Section 65 of the Customs Act, 1962 enables conduct of manufacture and other operations in a customs bonded warehouse.…...