Department for Promotion of Industry and Internal Trade
Business Reforms Action Plan (BRAP), 2020
On June 30, 2022, Union finance minister Nirmala Sitharaman released the ‘Business Reforms Action Plan (BRAP), 2020’, and presented assessment report of states and union territories. Key Points In the Business Reforms Action Plan (BRAP) 2020, states have been categorized ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Amendment in FEMA Rules for LIC
The rules of the Foreign Exchange Management Act (FEMA) have been amended by the government to pave way for up to 20 per cent of foreign direct investment (FDI) in the Life Insurance Corporation of India (LIC). The central government ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
India’s FDI Inflow in April-Dec 2021
According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), during April-December 2021, India’s Foreign direct investment (FDI) equity inflows contracted by 16 percent to USD 43.17 billion. Overview: During the same time period the previous ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
J&K FDI Policy
Jammu & Kashmir’s Lieutenant Governor Manoj Sinha has approved a foreign direct investment (FDI) policy for the union territory with a foreign stake of a minimum of 51 percent. Overview: L-G Manoj Sinha approved the Policy for Promotion of Foreign ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Start-up India Innovation Week
The Department for Promotion of Industry and Internal Trade (DPIIT) is going to organise “Start-up India Innovation Week” during January 10-16, 2022. Start-up India Innovation Week Start-up India Innovation Week is a virtual innovation celebration, to be organised with the aim of ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
DPIIT notifies 100% FDI in insurance intermediaries under automatic approval route
The Department for Promotion of Industry and Internal Trade (DPIIT) recently notified that 100 per cent FDI is allowed in insurance intermediaries under automatic approval route. The FDI policy earlier allowed 49 per cent foreign investment in the insurance sector, ..
Productivity Day celebrated on 12th February
National Productivity Council (NPC) is an institution for propagating productivity movement in India, which functions under the Department for Promotion of Industry and Internal Trade (DPIIT), Union Ministry of Commerce and Industry. The formation of National Productivity Council is being ..
Paperless licensing for Petroleum Service Stations launched
The Prime Minister of India, Narendra Modi led government announced a gift by launching Paperless licensing for petroleum service stations. The gift is in terms of Digital India and Ease of Doing Business towards paperless and green India that will ..