Suresh Prabhu takes charge as commerce & industry minister

Updated: Mon, Sep 04, 2017
11:59 am
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands

Union minister Suresh Prabhu today took charge of the commerce and industry ministry.

His predecessor Nirmala Sitharaman has been elevated as the Defence Minister.

Prabhu is taking charge of the commerce department at a time when export growth is waning. Export growth fell to an eight-month low of 3.94 per cent in July, while trade deficit widened to USD 11.44 billion on account of high gold imports.

The Department of Industrial Policy and Promotion (DIPP) under the ministry deals with foreign direct investment (FDI) related matters.

The FDI in the first quarter of 2017-18 soared 37 per cent to USD 10.4 billion.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.