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, including insurance intermediaries. Intermediary services comprise of insurance brokers, re-insurance brokers, insurance consultants, third party ..
Department for Promotion of Industry and Internal Trade: GK, General Studies and Current Affairs
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 celebrated annually as Productivity Day (12th February) and following seven days as Productivity Week (12th ..
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 provide a simpler mechanism, ease of living and business to the petroleum road tanker owners. ..
To further boost startups in the country by removing longstanding roadblocks, the Central Government has planned to set up a Startup Advisory Council comprising of some of the biggest names from the ecosystem of startup technology in India and government officials and regulators, that will advise the Government on reforms and help in developing a ..
The Union Minister for Commerce and Industries Piyush Goyal has asked the companies to submit concerns on draft e-commerce policy in 10 days. Draft Policy: Key Components It proposes setting up of a legal and technological framework for restrictions on cross-border data flow. It lays out conditions for businesses regarding collection or processing of sensitive ..