Page-4 of DIPP Current Affairs, GK & News

Finance Ministry asks Ministries to decide on FDI proposals within 60 Days

The finance Ministry has asked all those ministries tasked with clearing foreign direct investment proposals in the 12 sectors that require government’s nod to take a decision on such proposals within 60 days. Last month, the Cabinet abolished the Foreign Investment and Promotion Board (FIPB), which was the authority for clearing foreign direct investment (FDI) proposals for a period ..

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DIPP to Grant Industrial Licenses for Defence Manufacturing

The Department of Industrial Policy and Promotion (DIPP) has been given back the power to grant licenses for defence manufacturing. Earlier, a few months back, the Home Ministry was given the responsibility. The decision was taken considering the workload of Home Ministry which has to look after security concerns of the entire country. The decision will clear the confusions ..

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Government Amends Definition of Start-Ups

The Department of Industrial Policy and Promotion (DIPP), which is the nodal body for Start-up India, has amended the definition of a start-up. As per the new definition, an entity will be considered as a Start-Up if its turn over is less than Rs 25 crore and has not completed seven years from the date of its ..

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Union Government launches IPR Enforcement Toolkit for Police

The Union Commerce and Industry Minister Nirmala Sitharaman launched an Intellectual Property Rights (IPR) Enforcement Toolkit for Police. This toolkit will be provided to all state police departments across the nation to assist them in dealing with the cases relating to Trademarks and Copyrights infringements. Key Facts The toolkit has been jointly developed by the ..

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Union Government revises North East Industrial and Investment Promotion Policy

The Department of Industrial Policy & Promotion (DIPP) has revised North East Industrial and Investment Promotion Policy (NEIIP), 2007. The revision of policy stipulates mandatory disbursal of subsidies payable to all industrial units in northeast through Direct Benefit Transfer (DBT) mechanism by Chief Controller of Accounts (Industry). Key Facts Industrial units which had commenced production ..

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