Department for Promotion of Industry and Internal Trade

Business Reforms Action Plan (BRAP), 2020

July 2, 2022

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 ..

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Amendment in FEMA Rules for LIC

April 19, 2022

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 ..

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India’s FDI Inflow in April-Dec 2021

February 26, 2022

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 ..

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J&K FDI Policy

February 24, 2022

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 ..

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Start-up India Innovation Week

January 8, 2022

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 ..

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DPIIT notifies 100% FDI in insurance intermediaries under automatic approval route

February 28, 2020

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, ..