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Government is preparing plan for $100 billion FDI inflow: Commerce and industry minister

According to Commerce and Industry Minister, Government of India is working on a blueprint to increase FDI inflows to $100 billion through a targeted approach.  The minister also outlined his strategy to create a win-win partnership with other countries and retain the focus on a collaborative approach to global trade at a time when countries such as the US were seeking to undermine the relevance of the World Trade Organization (WTO).

TAGS #FDI #WTO

Cabinet approved setting up of firm to market ISRO’s Research and Development (R&D) work

Union Cabinet has given its approval to the Setting up of a new company under Department of Space (DoS), to commercially exploit R&D work carried out by Indian Space Research Organization (ISRO) Centers and constituent units of DOS.  The cabinet decision will definitely encourage the private sector to indulge more in production of launchers and satellites.

Government approved scheme for FAME India phase II

Government of India has approved the proposal of implementation of scheme titled “Faster Adoption and Manufacturing of Electric Vehicle in India phase II (FAME India Phase II) for promotion of Electric Vehicle (EV) in the country. The scheme with total outlay of Rs 10,000 Crores (about 1.25 billion) over the period of three years (i.e. from 2019-20 to 2021-22) will be implemented with effect from 1st April 2019. 

Government unveiled Draft National E-commerce policy

Department for Promotion of Industry and Internal Trade (DPIIT) has released a draft National E-commerce Policy with aims to create a framework for achieving holistic growth of the e-commerce sector along with existing policies of Make in India and Digital India. The draft addresses six broad issues of the e-commerce ecosystem: Data, Infrastructure development, E-commerce marketplaces, Regulatory issues, Stimulating domestic digital economy and Export promotion through e-commerce.