DIPP
500 high end companies of the World planning to invest in India In a recent development, the Government of India is planning to launch a systematic and well organized campaign promoting India to almost five hundred companies located all over the world. This decision has supplemented the efforts taken by the Prime Minister of India, [...] Continue Reading »
An ‘easy entry easy exit’ option has been recognised as a necessity to attract foreign investors into construction and real estate sector, the government has come to realise. This is in order to give a leg up to the vision of developing cities. The FDI policy for the Indian real estate sector was liberalised very [...] Continue Reading »
The department of industrial policy and promotion (DIPP) will circulate a Cabinet note next week seeking the views of all ministries concerned on a proposal for a new law — the National Industrial Corridor Authority (NICA) Act — on the lines of the National Highways Authority of India (NHAI) Act. The Pune-headquartered NICA was proposed [...] Continue Reading »
The Government is now trying to fast-track a decision on easing rules for foreign investments in the construction development sector. This decision was taken after liberalising foreign direct investment (FDI) norms in the defence sector and the Railways. This has received a good response from many countries and countries like Singapore, Japan and Russia have already [...] Continue Reading »
In order to fast-track project approvals and cut down corruption and red-tape, the Government is working on making all clearances required for infrastructure and industrial projects available online by the end of the fiscal. The online drive, led by the Department of Industrial Policy & Promotion and the Prime Minister’s Project Monitoring Group, has identified [...] Continue Reading »
The government is working towards restoring the concessions provided to special economic zones (SEZs). In the past few years the SEZs had lost their sheen due to various factors. The issue of minimum alternate tax (MAT) and dividend distribution tax (DDT) has been taken up with the finance ministry. Since these taxes were levied on [...] Continue Reading »
The government is aiming to get most clearances done via an e-biz portals. The government is trying to digitize all the processes and it is expected that by March 31, 2015, no industry has to go to any office to file for application for clearances. 14 states have already formed the state project monitoring group [...] Continue Reading »
Easing the regulatory environment for doing business seems to be the prime agenda for the Commerce and Industry Minister Nirmala Sitharaman. She has sought the cooperation of States by cutting down on unnecessary paper work and approvals and making the environment ‘friendly’ for the businesses. An advisory has been sent to the Secretaries of all [...] Continue Reading »
Should the FIBB (Foreign Investment Promotion Board) remain with the Ministry of Finance or should the Department of Industrial Policy & Promotion (DIPP) take charge? This is a burning question of immense importance asked by the PMO (The Prime Minister’s Office) to the Cabinet Secretariat, say sources, keeping in mind it is the nation’s only [...] Continue Reading »
Haryana better than Gujarat in terms of business and regulatory environment: Planning Panel official
A senior official has said it was Congress-ruled Haryana, and not Narendra Modi’s Gujarat, which topped a recent Planning Commission-sponsored study that evaluated states over business and regulatory environment. Perhaps hile the Congress is red faced over government-commissioned surveys giving credit to the Gujarat model. Deloitte, which carried out the Planning Commission sponsored study, ranked [...] Continue Reading »
