Ministry of Commerce and Industry Current Affairs, GK & News

Wholesale inflation record high in November

According to government data, annual wholesale price-based inflation in India had accelerated to a record high in November 2021. Key Facts The wholesale price inflation, a proxy figure for producers’ prices, accelerated by increases in manufacturing and food prices. Thus, it raised concerns of rising inflationary pressure. Annual wholesale price-based inflation increased to 14.23% in ..

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First consignment of Kashmir walnuts flagged off

Under the “One District, One Product (ODOP) initiative” of the Ministry of Commerce & Industry, first consignment of Kashmiri walnuts was flagged off from Budgam district of Jammu and Kashmir, recently. Key Points Truck carrying 2,000 kgs was despatched from Budgam to Bengaluru, Karnataka. 90% of India’s walnut production is from Kashmir. Kashmiri walnuts are ..

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Govt announces launch of National Logistics Excellence Awards

On July 19, 2021, to turn the spotlight on the logistics sector, the Government of India announced the launch of a new category of awards named the National Logistics Excellence Awards. This newly launched awards will provide with due recognition to the various players involved in the logistics supply chain in the country.   Key ..

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DPIIT starts project on Open Network for Digital Commerce (ONDC)

Department for Promotion of Industry and Internal Trade (DPIIT) has launched a project on Open Network for Digital Commerce (ONDC). Aim of ONDC project Project on Open Network for Digital Commerce was launched with the aim of promoting open networks developed on open-sourced methodology. Open network will be developed using open specifications & open network ..

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Business Immunity Platform

In light of the ongoing COVID-19 scare, the centre has launched the Invest India Business Immunity Platform (BIP) to help address the uncertainties among the businesses. About the Platform The Business Immunity Platform was launched by the Ministry of Commerce and Industry on March 21st, 2020. It is a comprehensive resource platform, hosted on Invest ..

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