Economy

India’s First TISC in Punjab | PIB Summary

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India, signed an Institutional agreement with the Punjab State Council of Science and Technology in New Delhi today to establish India’s first Technology and Innovation Support Centre (TISC) at Patent Information Centre, Punjab, under the World Intellectual Property Organization’s (WIPO) …

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Creative India Innovative India Scheme

Taking forward the National Intellectual Property Rights (IPR) Policy 2016, a Scheme for IPR Awareness – Creative India Innovative India was launched by Cell for IPR Promotion and Management (CIPAM) under the aegis of the Department of Industrial Policy and Promotion. Creative India Innovative India | Details The Scheme aims at raising IPR awareness amongst students, …

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National Biopharma Mission

The first ever Industry-Academia mission to accelerate biopharmaceutical development in India will be formally launched in New Delhi on 30th June 2017. Details | Biopharma The program named Innovate in India (i3) will witness an investment of USD 250 million with USD 125 million as a loan from World Bank and is anticipated to be a game changer for …

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Disinvestment of Air India CPSE

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to fourth tranche recommendations of NITI Aayog on strategic disinvestment of CPSE (strategic disinvestment of Air India and five of its subsidiaries) based on the recommendations of Core Group of Secretaries on Disinvestment (CGD). Highlights ‘In principle’ …

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'Make In India' In Government Procurement

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a policy for providing preference to ‘Make in India’ in government procurements. Significance The new policy will give a substantial boost to domestic manufacturing and service provision, thereby creating employment. It will also stimulate the flow of capital and technology into domestic …

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Restructuring Plan For Hindustan Organic Chemicals Ltd

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved a restructuring plan for Hindustan Organic Chemicals Ltd. (HOCL), a loss-making and sick Central Public Sector Enterprise (CPSE) under the Department of Chemicals & Petrochemicals. About the company | Hindustan Organic Chemicals The company, having units at Rasayani (Maharashtra) and Kochi (Kerala), …

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Boost To Transform Domestic Nuclear Industry

In a significant decision to fast-track India’s domestic nuclear power program, and give a push to country’s nuclear industry, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for construction of 10 units of India’s indigenous Pressurized Heavy Water Reactors (PHWR).  The total installed capacity of the Plants will …

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Tax Treaty Related Measures | PIB Summary

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. About the Convention The Convention is an outcome of the OECD / G20 BEPS Project to tackle base erosion and profit shifting through …

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