Dpiit News
30 September is deadline to adhere to country of origin tag
Country of origin refers to the country where the item is produced, irrespective of the point of shippingThe GeM portal, which is used by government departments for public procurement, has also made it mandatory for sellers to submit the country of origin while registering new products
3 min read26 Aug 2020DPIIT calls inter-ministerial meet on royalty payments on Aug 25
The increase in outflow of these payments started after the government liberalised the FDI policyA surge in royalty outflow prompted the government to set up an inter-ministerial group to analyse payment norms
1 min read19 Aug 2020DPIIT to appoint agency to scrutinise govt tenders for compliance with procurement norms
The DPIIT has floated a notice inviting request for proposal (RFP) from interested agencies
1 min read5 Aug 2020DPIIT working to remove redundant rules to reduce compliance burden on businesses
’We are very keen on improving compliance burden in the country. It is a major assignment given by the prime minister and Cabinet secretary is monitoring its progress,’ DPIIT secretary Guruprasad Mohapatra said
2 min read30 Jul 2020Online retailers start work on origin label
Flipkart has still to inform its sellers as the e-commerce giant awaits further clarity from the governmentDPIIT wants online retailers to display ‘country of origin’ on products sold on their platforms from 1 August
1 min read10 Jul 2020Back-end work to list origin nation tag begins
DPIIT wants online retailers to display ‘country of origin’ on products sold on their platforms from 1 August, and for legacy listings by September, faces push back from retailers for the short deadline
2 min read9 Jul 2020Government wants place of origin tag by 1 Aug, but online retailers wary
Companies such as Amazon and Flipkart requested a timeline of three months to execute the proposalDPIIT officials made it clear that the government is looking to have ‘country of origin’ available for new listings on e-commerce platforms by 1 August
2 min read9 Jul 2020Flipkart to re-apply for food retail license
If successful, Flipkart would compete with Amazon.com Inc’s India unit, Alibaba-backed BigBasket, SoftBank-backed Grofers, and Reliance Industries Ltd’s recently launched JioMartThe government permits 100% foreign direct investment in food retail for food produced and manufactured in India
1 min read1 Jun 2020Govt weighs options for more tax relaxations to startups: Official
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said that they will be submitting a comprehensive vision document for startups to the Cabinet, which has proposed series of steps.
2 min read30 May 2020Govt cancels tenders worth ₹30,000 crore to push Make in India: DPIIT Secretary
DPIIT has intervened to change conditions in those tenders to promote ’Made in India’ productsMany of the restrictive and discriminative tender practices have been identified, said DPIIT Secretary Guruprasad Mohapatra
1 min read17 Feb 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared