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Parliamentary panel for early disposal of pending 205 FDI proposals

Parliamentary panel for early disposal of pending 205 FDI proposals SECTIONS Last Updated: Mar 17, 2021, 06:04 PM IST Share Synopsis Regarding intellectual property, the report said the committee has suggested the department fill the vacancy at all levels in the patent office at the earliest. On the fund of fund scheme (FFS) for startups, the committee expressed concerns over the low number of startups benefitting under FFS as lack of adequate funding may adversely impact the functioning and commercial viability of startups. A parliamentary panel has recommended the Department for Promotion of Industry and Internal Trade (DPIIT) for taking necessary steps for disposal of 205 pending FDI proposals by the respective ministries. A report by the department-related Parliamentary Standing Committee on Commerce said that since the abolition of FIPB (foreign investment promotion board), 471 out of 676 proposals (including 99 proposals transferred from FIPB) have been disposed off as o

Take steps to contain further deterioration in exports, imports: Parliamentary Panel

Take steps to contain further deterioration in exports, imports: Parliamentary Panel SECTIONS Last Updated: Mar 17, 2021, 09:34 PM IST Share Synopsis A report by the department-related Parliamentary Standing Committee on Commerce said the committee is perturbed to note the precipitous decline in both exports and imports in 2020 which is to the tune of around USD 50 billion and around USD 150 billion, respectively. Agencies The panel has also recommended to further extend the interest subsidy scheme for a year since the abrupt discontinuation would adversely impact the MSME exporters in these difficult times. A parliamentary panel has suggested to the Department of Commerce to take appropriate measures to check further deterioration in exports and crucial imports for preventing more disruptions in the supply chains. A report by the department-related Parliamentary Standing Committee on Commerce said the committee is perturbed to note the precipitous decline in both export

Plantation sector voices concern over purchase limit for subsidised fertiliser

Plantation sector voices concern over purchase limit for subsidised fertiliser February 18, 2021 Prasant Bhansali, president, of United Planters Association of South India× The Chemicals and Fertilisers Ministry’s decision to fix the purchase limit of subsidised fertiliser at 200-bag per month has put the plantation industry in a mess. According to planters, the fixation of limit per plantation is very low and has been taken without considering the sector’s needs, which would adversely impact its competitiveness. The decision comes when the industry is passing through a difficult phase due to the rise in production cost on account of high wages and input costs, they said.

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