Dipp

NCLT urges RBI, DIPP to speed up approvals for RCap resolution plan

The National Company Law Tribunal on Monday directed the Reserve Bank and Department of Industrial Policy and Promotion to expedite the approval process to implement Reliance Capital's resolution plan by Hinduja Group-promoted IndusInd International Holdings. The NCLT Mumbai bench also directed IndusInd International Holdings Limited (IIHL) and the Committee of Creditors (CoC) to jointly hold a meeting to decide steps to be taken for the implementation of the same. The National Company Law Tribunal (NCLT) -- comprising Justice Virendrasingh G Bisht and Justice Prabhat Kumar -- directed the Reserve Bank and DIPP to expedite 'the consideration of the approvals' to IIHL that are needed for implementing the RCaP resolution plan. The tribunal was hearing a petition filed by the Hindujas, seeking modification of its July 23 order and an 'extension to complete the obligations' for implementing the resolution plan. After IIHL breached the third deadline on May 27, the NCLT on July 23 exten

CBI carries out searches at premises of former DIPP secy Ramesh Abhishek

The CBI is conducting searches at the premises of former DIPP secretary Ramesh Abhishek in a corruption case, officials said Tuesday. The 1982-batch IAS officer from Bihar cadre retired from service in 2019 and later joined a private company, they said. The agency is conducting searches at one premises of Abhishek, who was secretary in erstwhile Department of Industrial Policy and Promotion (DIPP), in Delhi in connection with the corruption case, they said. More details are awaited.

Uttar Pradesh an 'Achiever State': DIPP business reform action plan report

The state secured 12th position in this assessment, while it was ranked 14th in 2016, an official release said here on Thursday

DIPP exploring parameters to rank states for their startup ecosystem

The Department of Industrial Policy and Promotion (DIPP) will facilitate the process of ranking and it would be done by a third party

Departments working on notifying mandatory standards: DIPP

He said that to become part of the global value chain, quality should be the best in the world

DIPP to steer new avatar of the abolished FIPB

While the erstwhile ForeignInvestment and Promotion Board (FIPB) has been abolished, the Department ofIndustrial Policy and Promotion (DIPP) under the Commerce ministry will be incharge of its successor mechanism.This includes the old FIPBportal that has now been placed under the DIPP under a new name - the ForeignInvestment Facilitation Portal, DIPP secretary Ramesh Abhishek said onThursday.The portal is the maininterface used by investors to apply for bringing in FDI into the country. TheCabinet had last month approved the abolition of FIPB, which was the authorityclearing foreign direct investment (FDI) proposals for 25 years.Subsequently, FDI approvals in most sectors have been relegated tothe ministries concerned. Abhishek said that while the standard operationprocedures for processing FDI proposals are currently in the draft stage, they wouldbe finalized before July 1.The Cabinet has set a timeline of four weeks fortransfer of all pending applications with the FIPB to the ...

Govt permits DIPP to grant defence industrial licences

Earlier, the Home Ministry was carrying out this exercise

DIPP starts preparing reform framework for states' rankings

A workshop was organised with state government and Union Territory officials on Wednesday, to brainstorm on ideas

Shift DIPP from commerce ministry to FinMin, says IRS officers' body

The Department of Industrial Policy and Promotion (DIPP) needs to be detached from the Commerce Ministry and brought under the Finance Ministry to ensure smooth functioning of customs and FDI-related works, an association of Indian Revenue Service officers has demanded. It said there is a plan in place to take away the present functioning and role of customs, which is under the Finance Ministry, through a new Business Process Restructuring (BPR) proposed by the DIPP in the guise of increasing ease of doing business. In the new proposed and already approved plan, Department of Commerce will front end customs Electronic Data Interchange (EDI) system by controlling the present stake holders of customs like ports, airports, Customs House Agents, importers and exporters, RBI, all the other government departments, the association said. "Customs will loose the present identity of ICEGATE (a portal that provides e-filing services to the trade and cargo carriers and other clients of customs

Tourism ministry to set up investment desk to bolster pvt investments

Invest India will help set up the desk, said Tourism Secretary Vinod Zutshi

Ease of doing business: DIPP portal for states on the cards

Gujarat led the pack last year while Andhra Pradesh and Jharkhand came in at second and third positions, respectively

Working on converting red tape into red carpet: DIPP secy

The dept wants to cut down legal, regulatory & procedural complexity associated with doing business in India.