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DPIIT CLARIFICATION
Govt issues clarification on issuance of bonus shares to existing foreign investorsThe DPIIT has clarified that Indian companies in sectors prohibited for FDI can issue bonus shares to existing foreign shareholders, provid...- DPIIT stand may pave way for Starlink's India satcom entryThe Department for Promotion of Industry and Internal Trade (DPIIT) has provided clarification to the telecom department regarding the acce...
- Angel Tax: No assessment of startups registered with DPIITThis means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked u...
- PHDCCI urges govt to issue clarification on FDI policy in e-commerce sectorIn a letter to Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain, the chamber said the loopholes in the...
- DPIIT against any Chinese linked companies in public projectsOpposes The DPIIT, in a June 28 communication to the DoE, said it has received representations from stakeholders alleging that the June 8 c...
- DPIIT to hold meetings with industry, trader bodies on FDI in ecommerceThese meetings assume significance as last month Commerce and Industry Minister Piyush Goyal had said that the government was considering c...
- Inter-Ministerial meeting on draft e-commerce policy on SaturdayThe meeting aims to factor in issues of important national consideration in the e-commerce policy that seeks to set up a regulator for the ...
- 26% FDI applies to digital media, news aggregatorsThe government on Friday issued a clarification to its September 2019 policy that allowed up to 26% foreign direct investment (FDI) in the ...
- Karnataka raises objection against ease of doing business ranking, ask for re-evaluationIn a letter addressed to Union minister Piyush Goyal, state minister for large and medium scale industries Jagadish Shettar contested the a...
- Odisha seeks clarification on Business Reforms rank, cites in-congruence in reform executionThe rankings released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Monday ranked Odisha at 29 among 36 states ...
- FDI: Government approval only above beneficial ownership capSuch a limit would ensure that small or indirect investments by big-ticket venture capital and private equity firms from these countries do...
- Goods procured from SEZs by single brand retailers to qualify for meeting local sourcing normsAccording to the current foreign direct investment (FDI) policy on single brand retail trading, 100 per cent overseas investments are allow...
- DPIIT to soon issue clarification on 26 per cent FDI in digital media sectorThere are mainly two issues -- how the FDI policy of the sector would treat news aggregators and what would happen to those digital media c...
- DPIIT seeks I&B Ministry's views on issues raised on 26% FDI in digital media sectorIndustry players and experts have stated that the move to cap FDI in the sector to 26 per cent throws up questions that need clarifications...
- MeitY may not include E-commerce data in privacy billMeitY may reject DPIIT proposal to include ecommerce data in the proposed Personal Data Protection Bill.
- Small startups may not get promised tax holidayStartups exceeding the turnover threshold of Rs 25 crore stand to lose out on the tax holiday.
- MeitY seeks feedback on data bill from select fewMeitY has sought inputs on the scope of the data authority and obligations for the data fiduciary.
- Taxman will need approval for unrecognised startups’ scrutinyThe move follows finance minister Nirmala Sitharaman’s assurance in her budget speech that the CBDT will take steps to address issues faced...
- Efforts being made for convergence of interests in e-commerce, small retailers: Piyush GoyalHe believed that even as the interests of MSMEs and other small retailers are protected, India will continue to embrace technology and digi...
- Still no land for angels, feel startupsThe lack of clarification from DPIIT and CBDT are likely to raise more questions from startup ecosystem, which has been vocal in its opposi...
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