Union Government launches Startup India portal and mobile app

The Union Government has launched the Startup India portal (http://startupindia.gov.in) and mobile application. It was launched by the Department of Industrial Policy & Promotion (DIPP) Ramesh Abhishek in New Delhi as an integral component of the Action Plan of the Startup India. Key features Information Availability: The portal and mobile app provide up-to- date information ..

Month: Current Affairs - April, 2016

Topics: Current Affairs 2016 • DIPP • Government Inititives • National • Startup India

DIPP notifies 49% FDI under automatic route in Insurance and Pension sector

The Union Commerce and Industry Ministry has notified foreign direct investment (FDI) upto 49% in insurance and pension sector will be under automatic route. In this regard, Department of Industrial Policy and Promotion (DIPP) has issued official notification to liberalise its FDI policy in insurance and pension sector. However, FDI above 49% will be subject ..

Month: Current Affairs - March, 2016

Topics: Business • Current Affairs 2016 • DIPP • Economy • FDI • Insurance sector • Pension Sector

Recommendations of Ajay Shankar Committee on Replacing Multiple Prior Permissions

Government-constituted expert committee to examine the Possibility of Replacing Multiple Prior Permissions with Pre-Existing Regulatory Mechanism has submitted its recommendations. The 11 member committee was headed by Ajay Shanka, Former Secretary of Department of Industrial Policy and Promotion (DIPP). Key Recommendations Introduction of credible third-party certification in most areas of regulation to cut down on ..

Month: Current Affairs - February, 2016

Topics: Business • Committees • Current Affairs 2016 • DIPP • Economy • Government Policy

DIPP gives nod to set up India’s first Defence Industrial Park at Ottappalam

Department of Industrial Policy and Promotion (DIPP) of Union Government has given its final approval to Kerala Government’s approval to set up India’s first Defence Industrial Park at Ottappalam. Proposal in this regard was forwarded by Kerala Industrial Infrastructure Development Corporation (Kinfra), a Kerala government owned Public Sector Company. Key facts The proposed defence park ..

Month: Current Affairs - February, 2016

Topics: Business • Current Affairs 2016 • Defence • DIPP • Economy • Kerala • Make in India • manufacturing

Government sets up 'Japan Plus' team

India has set up a ‘Japan Plus’ management team to follow through on the $35 bn that Japan has promised to invest in India over a span of five years via PPP and overseas development assistance. This is a follow through on the agreements and initiatives agreed to by India and Japan during PM Modi’s ..

Month: Current Affairs - October, 2014

Topics: DIPP • Economy • india-japan • Investments • Japan • Narendra Modi