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Ministry of Commerce and Industry News
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Ministry of Commerce and Industry
Government fine tunes startup definition; increases age, includes business scalability
Fri, May 26, 2017
After a year and a half the government has modified the definition of what is a startup in India to promote more entrepreneurship opportunities. The definition has been changed of three aspects of years of operation, recommendation letter requirement and scalability of business model.
India's strong export growth continues with 20% rise in April
Mon, May 15, 2017
Exports from India grew to $24.63 billion in Apri 2017 growing by nearly 20% in comparison the same month last year.
Sellers cry out to Nirmala Sitharama on Snapdeal's missing stock, discrepancies in shipping
Mon, Mar 06, 2017
In a second letter to the Minister of Commerce and Industry Nirmala Sitharaman, the All India Online Vendors Association (AIOVA) has complained about issues with e-commerce major Snapdeal. A total of nine complaints were made by 14 sellers in Hyderabad.
Wholesale inflation data for December today
Mon, Jan 16, 2017
This time, the wholesale inflation numbers will be crucial as it will give a clear picture of impact of demonetisation.
Output index of 8 core industries rises 5% in September
Tue, Nov 01, 2016
The output index of eight core industries has risen 5.0% in September on account of growth in steel production and an increase in refinery products production.
Andhra Pradesh, Telangan top state wise 'Ease of Doing Business' charts
Mon, Oct 31, 2016
Minister of State for Commerce and Industry, Nirmala Sitharaman on Monday released a report of the assessments conducted by the Department of Industrial Policy and Promotion (DIPP) and World Bank on the state wise Ease of Doing Business Ranking 2015-16.
India's combined IIP of eight core industries up 3.2% in July
Wed, Aug 31, 2016
The combined index of industrial production (IIP) of eight core industries for the July month came 3.2% higher as compared to same period last year, cited the Ministry of Commerce and Industry in a release on Wednesday.
Now, you can import consumer goods upto Rs 50,000 in duty free
Thu, Aug 18, 2016
The import of consumer goods has been increased upto Rs 50,000 in duty free from the earlier limit of Rs 2,000.
WPI inflation shoots up to 2-year high, at 3.55% in July
Tue, Aug 16, 2016
The Wholesale Price Index-based (WPI) inflation for the July month of fiscal year 2016-17 (FY17) rose up 3.55% as compared to minus 4.00% in the same month of the previous fiscal. This is the most rise in two-years.
Nearly 1.9 lakh MSMEs are non-traceable: Govt
Mon, Aug 01, 2016
The reply was based on the information compiled by Ministry of Commerce and Industry.
Exports from SEZs up nearly 1% in 2015-16
Mon, Jul 25, 2016
India's exports from special economic zones (SEZs) have witnessed a rise of just 0.77% to Rs 4,67,337 crore in 2015-16, said the Ministry of Commerce and Industry in a reply to a question in Lok Sabha on Monday.
Cereals prices need to be monitored: India Ratings
Thu, Jul 14, 2016
India's wholesale price index-based (WPI) inflation for the June month rose up 1.62% on the back of expensive food and manufactured items with a rating agency stating that prices of cereals have to be monitored going forward.
India's core industries' output rises 8.5% in March
Tue, May 31, 2016
The ECI data had showed a negative growth of 0.2% in the corresponding month of last year.