Main News
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 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.
Union Cabinet approved new National Electronics Policy (NEP) 2019
The Cabinet has approved National Policy on Electronics 2019 in February 2019, which was proposed by Ministry of Electronics and Information Technology (MEITY) in 2018. The Policy aims to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally. NEP 2019 replaces NEP 2012.
Government mandates BIS certification for import of electronics and IT goods
As per Directorate General of Foreign Trade (DGFT) notification, the import of new electronics and IT goods without BIS registration is now prohibited. Under the Electronics and IT Goods (Requirement of Compulsory Registration) order 2012, imports of these goods is allowed through the registration with the BIS or on specific exemption letter from the Ministry of electronics and IT (MeitY).