Page-4 of Ministry of Commerce and Industry Current Affairs, GK & News

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 ..

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Foreign Direct Investment to India

The Ministry of Commerce and Industry has released the data related to the Foreign Direct Investment (FDI) inflows during April-September 2018-19. The important aspects from this data: The Foreign direct investment (FDI) into India was declined by 11 per cent to USD 22.66 billion during April-September period of 2018-19. The FDI inflows during April-September 2017-18 ..

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Startup India-WhatsApp Grand Challenge

The Facebook-owned messaging app WhatsApp has announced Startup India-WhatsApp Grand Challenge to encourage entrepreneurs and small businesses in India. About the challenge The challenge is being hosted in association with Invest India. The top 5 winners would receive a cash prize worth $250,000 (roughly Rs. 1.8 crores). The challenge is aimed at encouraging the entrepreneurs who ..

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The newly-named Department for Promotion of Industry and Internal Trade to work under Ministry of Commerce and Industry

The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others. The move comes amidst demand by traders’ body CAIT (Confederation of All India Traders) for forming a ..

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Government puts imports of gold dore in restricted category

Directorate General of Foreign Trade (DGFT) under Ministry of Commerce and Industry has put imports of gold dore in restricted category. This means, now, importer needs a license to import this commodity. Gold dore It is semi-pure alloy of gold and silver which is refined for further purification. Proportions of silver and gold can vary ..

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