Department for Promotion of Industry and Internal Trade Current Affairs, GK & News

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 into four categories, namely Top achievers, Achievers Aspires, and Emerging business ecosystems. In this report, states ..

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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 also intends to reduce its stake in LIC through an Initial Public Offering (IPO). Overview: ..

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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 year, inflows stood at USD 51.47 billion. Total FDI inflows (reinvested earnings, equity inflows, and ..

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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 Investment in the Industrial Sector in J&K during a meeting of the Administrative Council (AC) ..

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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 commemorating the 75th year of India’s independence. It has been designed to showcase the spread ..

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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, including insurance intermediaries. Intermediary services comprise of insurance brokers, re-insurance brokers, insurance consultants, third party ..

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