Next edition of consolidated FDI policy released by DIPP
The Dollar Business Bureau The next edition of consolidated FDI policy details were released by the Ministry of Commerce on Aug 28, incorporating the changes made last year. The Department of Industrial Policy and Promotion (DIPP) in its press release said that the ‘new circular will take effect’ from today ie, Aug 28, 2017. The consolidated FDI policy is a compilation of the various decisions taken by the government in the past year and the DIPP which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. This enables an investor friendly climate for foreign investors who would otherwise have to go through various press notes and ...
FDI in defence is subject to industrial licensing: Parrikar
The Dollar Business Bureau The Government on Tuesday said that the foreign investments in defence sector are subject to industrial licensing, under the Industries (Development & Regulation) Act, 1951. “Foreign investment in defence industry sector is subject to industrial licensing. Licensing Committee in Department of Industrial Policy and Promotion (DIPP) takes into account security clearance from the Ministry of Home Affairs and views of the Ministry of Defence,” Defence Minister Manohar Parrikar said in a written reply to Rajya Sabha. The “Security Manual for Licensed Defence Industries” enables the licensed defence companies to follow security guidelines according to its security instructions/architectures. “The manual provides detailed guidelines on physical security/materials security/documents security/information security etc. The companies are also subjected to external security audit by ...
Govt. working on e-commerce definition for clarity: Commerce Minister
Source: PTI The entire discussion is about the various levels at which level playing field is absent, says Commerce Minister In view of 'very complex' and 'multi-layered' business structure of e-commerce firms, the government is working on a proper definition to bring clarity on a host of issues including taxation, Commerce and Industry Minister Nirmala Sitharaman said. "...it (e-commerce) is not a simple or a black and white issue. We have had stakeholders' meeting. State governments have given their inputs, so we thought at least we should define this whole thing as what is a market place, why it is a market place, when it is portal related," Sitharaman told PTI. She said the whole issue related with the e-commerce ...
