News Update

CBIC revises tariff value of edible oils, gold & silverFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
'Make in India' Scheme: No special concessions for foreign investors, says Minister

By TIOL News Service

NEW DELHI , DEC 17, 2014: GOVERNMENT has launched ‘Make in India' programme. No specific concessions have been offered to foreign investors. The programme aims to project India as an investment destination and develop, promote and market India as a leading manufacturing destination and as a hub for design and information. The programme aims to radically improve the Ease of Doing Business, open the FDI regime, improve the quality of infrastructure and make India a globally competitive manufacturing destination.

The programme has received very positive response. A total of 4896 queries have been received on the ‘Make in India' web-portal. 9.3 per cent of queries relate to food processing, 6.7 per cent to Information Technology, 6.1 per cent to renewable energy, 5.7 per cent to electronic system and designs, 4.7 per cent to automobiles and 4.4 per cent to textiles and garment sectors.

The Government has taken a number of steps to improve case of doing business. An online single window in the form of the eBiz Mission Mode Project under the National eGovernance Plan has been launched. It aims to create a business and investor friendly ecosystem in India by making all business and investment related regulatory services across Central, State and local governments available on a single portal. Process of applying for Industrial License & Industrial Entrepreneur Memorandum made online on 24X7 basis through eBiz Portal. Validity of Industrial License has been extended from two years to three years. Major components of Defence products' list have been excluded from industrial licensing. Dual use items having military as well as civilian applications have been deregulated. 12 Services has been identified to be integrated with eBiz platform on priority. The process of registration with Employees Provident Fund Organization and Employees State Insurance Corporation has been made online. A Unified labour web portal has been developed to facilitate filing of a single annual online return. Ministry of Labour and Employment has also launched a random Labour Inspection Scheme to bring in more transparency and accountability.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Ms. Nirmala Sitharaman in a written reply in Rajya Sabha today.


POST YOUR COMMENTS
   

AR not Afar by SK Rahman

TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023




Shri M C Joshi, Former Chairman, CBDT




Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023