Ministry of Commerce and Industry: GK, Current Affairs, Questions, Trivia and News

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 ..

India International Leather Fair, 2020 held in Chennai

The 35th edition of India International Leather Fair (IILF), 2020 is being held in the capital city of Tamil Nadu, Chennai. The fair is being held from February 1 to 3, 2020 at the Chennai Trade Centre. The fair is organized by India Trade Promotion Organisation (ITPO), which functions under aegis of Ministry of Commerce ..

MoU signed for setting up Project Management Unit between GeM and Uttar Pradesh Government

For setting up of GeM Organizational Transformation Team (GOTT) Project Management Unit (PMU) in Uttar Pradesh, the State Government of Uttar Pradesh has recently signed a Memorandum of Understanding (MoU) with the Government e-Marketplace (GeM) under the Ministry of Commerce and Industry. By signing this Memorandum of Understanding, the Government of Uttar Pradesh becomes the ..

Paperless licensing for Petroleum Service Stations launched

The Prime Minister of India, Narendra Modi led government announced a gift by launching Paperless licensing for petroleum service stations. The gift is in terms of Digital India and Ease of Doing Business towards paperless and green India that will provide a simpler mechanism, ease of living and business to the petroleum road tanker owners. ..

Startup Advisory Council planned by Government

To further boost startups in the country by removing longstanding roadblocks, the Central Government has planned to set up a Startup Advisory Council comprising of some of the biggest names from the ecosystem of startup technology in India and government officials and regulators, that will advise the Government on reforms and help in developing a ..

National Outreach Program ‘GeM Samvaad’ launched by GeM

The Government e-Marketplace (GeM) is a dedicated national public procurement e-market for different goods and services that are procured by the Central and State Government Departments, Autonomous institutions and local bodies. The GeM was started on 9th August 2016 and has transformed public procurement across the country by making procurement paperless, contactless and cashless. A ..

Nirvik: New Export Credit Insurance Scheme

The Ministry of Commerce & Industries through the Export Credit Guarantee Corporation (ECGC) has launched a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process. What is Export Credit Insurance? Export credit insurance (ECI) protects an exporter of products and services against the risk of non-payment by ..

Union Ministry of Commerce reappoints P K Bezbaruah as chairman of Tea Board

The Tea Board of India is a state agency of the Government of India (GoI) established to promote the cultivation, processing, and domestic trade as well as export of tea from India. It was established by the enactment of the Tea Act in 1953 with its headquarters in Kolkata. The Tea Board India is responsible ..