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Unveiling the Glorious Department of NDA – Ministry of Commerce breakthroughs All…

The Department of Commerce and the Department of Industrial Policy and Promotion are both administered by the Ministry of Commerce and Industry.

A Ministry of the Cabinet rank is the head of the Ministry. Nirmala Sitharaman is the incumbent Minister of Commerce Industry who is in this post since 27th May 2014.

INTRODUCING DEPARTMENT OF COMMERCE, INDIA

Through the formulation of appropriate international trade and commerce policy and implementation of various provisions is the mandate of the Department of Commerce are the regulation, development and promotion of India’s international trade and commerce through the above formulation. For accelerated growth of international trade, the creation of an enabling environment and infrastructure is facilitated by this Department. And this particularly is taken into consideration of being the basic role of this department.

The Foreign Trade Policy, which provides the basic framework of the policy and strategy which is to be followed for the promotions of exports and trades, is monitored, implemented and formulated by this department. The emerging economic scenario both in case of domestic and international economy, the trade policy is periodically reviewed to incorporate the necessary changes within.

Special Economic Zones, multilateral and bilateral commercial relations, state trading, export promotion and trade facilitation, and development and regulation of certain exports oriented industries and commodities are the other responsibilities which are entrusted upon the Department of Commerce.

Under Annexure 1.1, the subjects are under administrative control of the Department.

THE DEPARTMENT

The following are the offices which are held in this Department:

  • Secretary
  • Special Secretary and Finance Adviser
  • 3 Additional Secretaries
  • 13 Joint Secretaries and Joint Secretary Level Officer and a number of Senior Officials

Two posts each of Joint Secretaries and Directors were created in the Department during 2008-09 keeping in view the large increase of workload in matters related to World Trade Organization (WTO), Regional Trade Agreement (RTAs), Free Trade Agreements (FTAs), Special Economic Zones (SEZs), Joint Study Groups (JSGs) etc.

THE DIVISIONS

  • Administration and General Division
  • Finance Division
  • Economic Division
  • Trade Policy Division
  • Foreign Trade Territorial Division
  • State Trading and Infrastructure Division
  • Supply Division
  • Plantation Division

OFFICES UNDER THE ADMINISTRATION OF THE DEPARTMENT OF COMMERCE

  • ATTACHED OFFICES
  • Directorate General of Foreign Trade (DGFT)

The Director General heads this Directorate with its headquarters at New Delhi. DGFT is assigned a special role of a ‘facilitator’, keeping up with the globalisation and liberalization and the overall objective of increasing the exports. With the main objective of promoting India’s exports, it is responsible for implementing the Foreign Trade Policy. Through a network of 35 Regional offices, the DGFT also issues licenses to the exporters and also monitors the corresponding obligations. The location of the Regional offices is as follows:

In regards to the developments of the in the areas of international trade helps the exporters to plan their decisions of the import and export in an intentionally dynamic environment.

  • Directorate General of Supplies and Disposal (DGS&D)

The Director General also heads the DGS&D with its headquarters at New Delhi. For the conclusion of rates contracts for common user items, procurement of stores, inspection of stores, shipment and clearance of imported stores/cargo, this Department works as the executive arm of the Supply Division of the Department of Commerce.

  • Directorate General of Anti-Dumping & Allied Duties (DGAD)

In April 1998 this department was constituted and is headed by the Designated Authority of the level of the Additional Secretary to the Government of India who is in assistance by a Joint Secretary, Adviser and Additional Economic Adviser. The function of this directorate id to carry out investigation and to recommend in necessary places which are under Custom Tariff Act, the amount of dumping duty on the identified articles which is adequate to remove injury which is responsible for domestic industry.

  • SUBORDINATE OFFICES
  • Directorate General of Commercial Intelligence and Statistics (DGCI&S)
  • Office of Development Commissioner of Special Economic Zones (SEZs)
  • Pay and Accounts Office (Supply)
  • Pay and Accounts Office (Commerce and Textiles)
  • AUTONOMOUS BODIES
  • Coffee Board
  • Rubber Board
  • Tea Board
  • Tobacco Board
  • Spices Board
  • The Marine Products Export Development Authority (MPEDA)
  • Agricultural and Processed Food Products Export Development Authority (APEDA)
  • Export Inspection Council (EIC)
  • Indian Institute of Foreign Trade (IIFT)
  • Indian Institute of Packaging (IIP)
  • PUBLIC SSECTOR UNDERTAKINGS (PSUs)
  • State Trading Corporation of India Limited (STC)
  • MMTC Limited
  • PEC Limited
  • Export Credit Guarantee Corporation of India Limited (ECGC)
  • India Trade Promotion Organization (ITPO)
  • EXPORT PROMOTION COUNCILS (EPCs)
  • ADVISORY BODIES
  • Board of Trade (BOT)
  • Export Promotion Board (EPB) capture 2
  • Inter State Trade Council
  • OTHER ORGANIZATIONS
  • Federation of Indian Export Organizations (FIEO)
  • Indian Council of Arbitration (ICA)
  • Indian Diamond Institute (IDI)
  • Footwear and Design & Development Institute (FDDI)
  • National Centre for Trade Information (NCTI)
  • Price Stabilization Fund Trust

ROLE AND FUNCTION DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION

  • Formulation and implementation of industrial policy and strategies for industrial development in conformity with the development needs and national objectives.
  • Monitoring the industrial growth, in general, and performance of industries specifically assigned to it, in particular, including advice on all industrial and technical matters.
  • Formulation of Foreign direct Investment Policy and promotion, approval and facilitation of FDI.
  • Encouragement to foreign technology collaborations at enterprise level and formulating policy parameters for the same.
  • Formulation of policies relating to Intellectual property rights in the fields of Patents, Trademarks, Industrial Designs and Geographical Indications of Goods and administration of regulations, rules made there under.
  • Administration of industries (Development & Regulation) Act, 1951.
  • Promoting industrial development of industrially backward areas and the North Eastern Region including International Cooperation for industrial partnerships and
  • Promotion of productivity, quality and technical cooperation.

THROUGH ITS ATTACHED/SUBORDINATE OFFICES AND STATUTORY ORGANIZATIONS THE DEPARTMENT ADMINISTERS THE FOLLOWING CENTRAL LEGISLATIONS:

  • The Explosives Act, 1884, and the Inflammable Substances Act, 1952, is administered through the office of Chief Controller of Explosives.
  • The Salt Cess Act, 1953 is administered through the office of the Salt Commissioner.
  • Central Legislations relating to Intellectual Property Rights (IPRs), such as the Patents Act, 1970, the Trade and Merchandise Marks Act, 1958 and the Design Act, 2000 and their associated rules are administered through the office of the Controller General of Patents Design and Trademarks (CGPDTM). A new legislation on Geographical indication of Goods has been enacted and will be brought into force.
  • The Boilers Act, 1923 is administered through the Central Boilers Board, which is a statutory authority. Enforcement of this Act is the subject “Boiler” is listed in the concurrent List of the Constitution of India.

INTRODUCING MINISTER OF COMMERCE, INDIA

Under the Ministry of Finance headed by Arun Jaitley, Nirmala Sitharaman is presently serving the office of Minister of State for the Ministry of Commerce and Industry as well as the Minister of State for Finance and Corporate Affairs. Being the national spokesman for Bharatiya Janata Party, she has been allotted the MP seat in the Rajya Sabha representing the state of Karnataka.

POLITICAL JOURNEY 

  • She joined BJP in 2006 and was appointed as the national executive.
  • Nirmala was the member of NCW from 2003 to 2005.
  • In 2010, she was elected as the party’s spokesperson.
  • Nirmala Sitharaman became the Prime Minister of State (Independent Charge) for Ministry of Commerce and Industry.

REPORTS

EXPORTERS TO GET REFUND IN SEVEN DAYS UNDER GST : NIRMALA SITHARAMAN:

Commerce Minister Nirmala Sitharaman assured the exporters that they will receive a refund of tax claim within seven days under the new program and service tax system. She said that the GST Council is looking into the matter of tax refund under the new indirect tax regime. This system is likely to be implemented from July 1.

She told the reporters, “We are absolutely clear on the refund that: 90% of the advance payment amount will be refunded within six to 10 days by the exporters under the GST system, after which the government is about to give at the rate of six percent interest.”

However, she said that her ministry has requested the GST Council to consider preparing alternate system for small and medium exporters on the issue of payment of taxes. She said that,“Our request to the council is for SMEs. Instead of asking them to pay them first and get refund later, you might consider giving them options. We have not received a reply from the Council. Exporters are demanding an initial rebate from tax payment under the GST arrangement with this argument that the refunds are delayed by months.

MAJOR ACHIEVEMENTS MINISTRY OF COMMERCE

GOALS AND CAMPAIGNS OF MINISTRY OF COMMERCE

The department’s far-reaching goal is to make India a key stakeholder globally by 2020 as well as to bring in the role of an important leadership role in the growing importance of India at the level of international business organizations. The Department of Commerce aims to increase India’s product exports and services from existing US $ 465.9 billion (2013-14) to $ 900 billion by 2019-20. At the level of world export, the target is of increasing India’s share from 2 percent to 3.5 percent.

The department’s far-reaching goal is to make India a key stakeholder globally by 2020 as well as to bring in the role of an important leadership role in the growing importance of India at the level of international business organizations. The Department of Commerce aims to increase India’s product exports and services from existing US $ 465.9 billion (2013-14) to $ 900 billion by 2019-20. At the level of world export, the target is of increasing India’s share from 2 percent to 3.5 percent.

STRATEGIC INITIATIVES AND PRIORITIES 

1. Expansion of the scope of export products

2. Variety of non traditional market and decisions on ongoing talks on FTA agreement and new FTA initiatives.

3. Strengthened export related infrastructure.

4. Increase in credit flow of export at minimum cost.

5. Reducing the cost of transactions.

6. A variety of export services.

7. Building Brand India

8. Providing assistance to the plantation area.

9. Protection to key domestic industries.

INCREASED ACHIEVEMENTS IN EXPORT 

After the negative growth of 18 months since December 2014, positive growth in export data was recorded in June 2016. During the month of September, October and November, there was a positive growth in exports. During April to November 2016, exports were US $ 174.9 billion as against US $ 174.7 billion in 2015 during the same period. With a significant drop in crude oil prices and gold exports at the international level, trade deficit remains at one point since the beginning of January 2016.

GOVERNMENT E-MARKET PLACE Started in August, 2016 and is now fully functioning from October 2016. At present, more than 4000 products and transport services are available in 86 categories through GIM POC portal. At present, GIM has about 1600 product vendors and service providers and about 1500 government officials are registered. The transaction of the officer from GIM has amounted to Rs 45 crores. Due to the decrease of prices of GIM, 10-20 percent reduction in prices and in some cases by 56 percent reduction is seen. GIM is a medium for maximal governance, minimum government, make in India, facilitation in business and encouraging digitized India. By making timely payment to sellers, GIM is not only ensuring competitiveness but also encouraging small business units / traders to do business with government organizations.

Started in August, 2016 and is now fully functioning from October 2016. At present, more than 4000 products and transport services are available in 86 categories through GIM POC portal. At present, GIM has about 1600 product vendors and service providers and about 1500 government officials are registered. The transaction of the officer from GIM has amounted to Rs 45 crores. Due to the decrease of prices of GIM, 10-20 percent reduction in prices and in some cases by 56 percent reduction is seen. GIM is a medium for maximal governance, minimum government, make in India, facilitation in business and encouraging digitized India. By making timely payment to sellers, GIM is not only ensuring competitiveness but also encouraging small business units / traders to do business with government organizations.

The transaction of the officer from GIM has amounted to Rs 45 crores. Due to the decrease of prices of GIM, 10-20 percent reduction in prices and in some cases by 56 percent reduction is seen. GIM is a medium for maximal governance, minimum government, make in India, facilitation in business and encouraging digitized India. By making timely payment to sellers, GIM is not only ensuring competitiveness but also encouraging small business units / traders to do business with government organizations.

By making timely payment to sellers, GIM is not only ensuring competitiveness but also encouraging small business units / traders to do business with government organizations.

Started in August, 2016 and is now fully functioning from October 2016. At present, more than 4000 products and transport services are available in 86 categories through GIM POC portal. At present, GIM has about 1600 product vendors and service providers and about 1500 government officials are registered.

The transaction of the officer from GIM has amounted to Rs 45 crores. Due to the decrease of prices of GIM, 10-20 percent reduction in prices and in some cases by 56 percent reduction is seen. GIM is a medium for maximal governance, minimum government, make in India, facilitation in business and encouraging digitized India. By making timely payment to sellers, GIM is not only ensuring competitiveness but also encouraging small business units / traders to do business with government organizations.

TRADE FACILITATION AGREEMENT 

Trade facilitation agreement of the WTO is a milestone in the direction of reducing the cost of business by creating an international framework. The Trade Facilitation Agreement (TFA) has provisions to accelerate the movement of goods, their evacuation and transit process.

In this agreement, various measures have also been mentioned for effective cooperation in customs and other appropriate authorities on issues related to trade facilitation and custom compliance. These objectives are in line with India’s “facilitation in business” initiative.

Developing and less developed countries according to specific and different behaviors are divided into different categories “A” “B” “C”. In the “A” category, those commitments have been kept that the notified country has to be completed with the implementation of TFA. In the ‘B’ category, those commitments have been included which the notification notified country may require a little time to complete, whereas developing and less developed countries will be entitled to technical assistance for the commitments in category ‘C’.

After approval from the Cabinet in February 2016, India approved the WTO in March 2016, notifying the ‘A’ category commitments under TFA and approved in April 2016. About 70 percent of the total provisions under TFA have been notified in ‘A’ category. India has not kept any provision in the ‘C’ category. Cabinet has also approved the formation of National Committee on Trade Facilitation (NCTF) under the chairmanship of Cabinet Secretary to implement these provisions and for domestic coordination.

SIGNING OF MoU FOR SHARING DATA FOR GSTN

DGFT signed a Memorandum of Understanding (MoU) with the Object and Service Network (GSTN) to share data related to foreign exchange receipts and import export codes on October 27, 2016. It is expected to strengthen the processing of export transactions of taxpayers under GST, increase transparency and reduce human intervention.

DGFT has signed an agreement to share data with 14 states, 2 central government agencies and GSTN. At the level of states, the Commerce Department of 14 states signed a Memorandum of Understanding with the DGFT to obtain e-BRC for VAT refund.

These states are- (i) Maharashtra, (ii) Delhi, (iii) Andhra Pradesh, (iv) Odisha, (v) Chhattisgarh, (vi) Haryana, (vii) Tamil Nadu, (viii) Karnataka, (ix) Gujarat, (X) Uttar Pradesh, (xi) Madhya Pradesh, (xii) Kerala, (xiii) Goa, (xiv) Bihar. In addition, the Finance Ministry, the Directorate of Transmissions, the Agriculture and Food Processing Export Development Authority and the GSTN have signed the MOU.

INCREASE IN BUSINESS FLOW

India organized the first trade fair of BRICS countries at Pragati Maidan, India on 12-14 October 2016, India Trade Promotion Organization, New Delhi. 397 exhibitors participated in the BRICS trade fair and 14,612 business representatives also participated. The fair was represented by key areas such as agriculture and agro processing, auto and auto components, chemicals, clean energy and renewable energy, health and medicine, textiles and apparel, infrastructure, information technology, engineering goods, tourism, gems and jewellery.

1601 Business to Business (BTW) meetings were held in the BRICS Trade Fair. During the BRICS Trade Fair, there was a meeting of BRICS Business Forum which discussed issues such as clean energy, infrastructure development and finance.

The MoU was signed to promote bilateral trade and economic development between the Ministry of Commerce and Industry of the Republic of India and the Ministry of Economic Development of the Russian Federation.(15.10.2016) The proposed consent on trade, commerce and transit between India and Bhutan was signed on 12.11.2016.

The 7th session of India-Greece JIC concluded on 23.11.2016 in New Delhi. The consent signed on JIC minutes 23.11.2016, by additional Minister of Foreign Affairs of the Hellenic Republic Mr. George Katrologos Active negotiations are ongoing on RCIP. The 15th round of the RCIP’s meeting took place in Tianjin, China in October 2016, and the meeting of the 16th cycle took place on 03.11.2016 in the Philippines, in which the participating countries on product, services and investment held clear views.

 INNOPROM 2016

Innoprom, Russia’s Yekaterinburg is the largest trade fair every year. In the Innoprom-2013, till 11-14 July, 2016, India participated with 117 Indian companies as ‘Partner Country’.

Several Department departments, including Maharashtra, Rajasthan, Andhra Pradesh, Gujarat, Himachal Pradesh and Jharkhand State, such as the Department of Heavy Industries, Electronic and IT Department, Ministry of Tourism, National Institute of Design, NTPC, NHPC, NEEPCO and Power Grid Corporation Participated in this.

The fair included more than 700 representatives from 95 countries. Participation in Innoprome 2016 provides an opportunity to communicate directly with global and Russian producers, to get acquainted with the best production techniques in their own right and to create international and inter-industrial networks.

Business Board reorganized on March 23, 2016 

The first meeting of the Board was held on April 6, 2016. It includes several members of the board, some special invitees, senior government officials and some representatives of trade and industry sector.Their suggestions and ideas were sought from exporters on possible business policy, institutional framework and prospects of increasing business competitiveness.

GLOBAL EXHIBITION ON SERVICES (GIS)

Two versions were held in April, 2015 and April 2016. The Department of Commerce organized GIS together with the Service Export Promotion Council and the Indian Industry Federation. The service industries and related industries provided a suitable platform to find new business opportunities.

The government is committed to converting India into a center of production and export. This is possible only if India prepares global standard-level products. The Finance Department organized the National Standards Meeting with business organizations and knowledge partners each year. To increase awareness, eight standard meetings (three national and five regional) have already been organized. The objective of organizing these gatherings is to find out the remaining deficiencies in India’s preparedness to solve important issues related to quality control.

CREATING BRAND INDIA

In a highly competitive global environment, long-term branding strategies have been envisaged to convert brand India into a synonym of high quality. Further, this policy has been implemented for branding and commercialization of products registered as geographical identity and for promoting their export in the next one year.

INSTITUTIONAL SYSTEM FOR BUSINESS PROMOTION

Market Access Initiative (MAI) and Market Development Assistance Scheme will continue to promote trade under the Finance Department. All possible support for structural development will be given for conducting conferences in Tier 1 and Tier 2 category states. In the Pragati Maidan, New Delhi, a large conference will be developed at a small exhibition center at the place of existing structure. Export Promotion Councils are being strengthened in the case of both technical efficiency and management.

Major initiatives and achievements of the Department of Industrial Policy and Promotion – 2016 Policy Reforms

The Department of Industrial Policy and Promotion (DIPP) announced the reforms related to FDI policy on June 20, 2016, to increase the pace of economic development as a supplement for domestic capital, technology and skills. Policy revisions have come into effect from the date of issue of press note i.e. 24 june, 2016.

In addition to other things in the reforms, more than 49 percent FDI in defense sector and 100 percent FDI for e-commerce in food products manufactured / manufactured in India under clearance route under clearance route include 100 percent FDI.

The government reviewed the FDI policy on other financial services and non-banking financial companies (NBFCs).oreign investment in the activities related to financial services regulated by the financial sector regulators will automatically be 100% under the route.

During the last financial year (2015-16), the total FDI inflow was $ 55.6 billion, showing a growth of 23 percent over the previous fiscal. Not only that, it is the biggest inflow of FDI in any financial year so far.

During April-October, 2016-17, the total FDI inflow was $ 27.82 billion, compared to $ 21.87 billion in the same period last fiscal. Approximately 41.5 percent of the total equity flows remained in the manufacturing account, while about 58.5 percent of the share remained in non-manufacturing accounts (during the period from April 2014 to September 2016).

INTELLECTUAL PROPERTY RIGHTS POLICY ·

In May 2016, the Government adopted a comprehensive National Intellectual Property Rights (IPR) policy for the first time, to prepare a further template for intellectual property. Its main objective is to improve the ecosystem related to Indian intellectual property, it is expected to create an innovation movement in the country and it reflects the aspiration of ‘creative India, Abhinav Bharat’.

The purpose of this policy they are receiving value for IPR through increasing awareness of IPR, to provide a new impetus to the creation of IPR, strong and effective to make IPR law, service-oriented IPR administration to modernize and strengthen, commercialization, IPR related to violations of strengthening enforcement and adjudication mechanisms to deal with the problem, teaching involving IPR, training, research and strengthen human resources, institutions and capacities to build and expand.

NATIONAL INDUSTRIAL CORRIDOR DEVELOPMENT AND IMPLEMENTATION TRUST

Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF Trust) has now been re-designated with a detailed mandate of integrated development of industrial corridors. It will be a top body under the administrative control of DIPP for the purpose of coordinated and integrated development of all industrial corridors in the country.

INDIAN LEATHER DEVELOPMENT PROGRAM

Under the Indian Leather Development Program, a major objective is to provide skill development training related to placement to unemployed youth. During the year 2016-17, there has been a target of providing 1.44 lakh people training. Under this 60705 unemployed people have been trained, out of which 48752 trainees have been provided employment in Leather and Footwear industry. For the expansion of institutional infrastructure, assistance has been given to establish two new branches of Footwear Design and Development Institute (FDDI) in Banur (Punjab) and Ankleshwar (Gujarat).

MAKE IN INDIA 

On completion of two years of Make In India initiative, reports related to 11 sectors i.e electricity, mining, automotive, telecommunications, textiles and apparel, electronics and IT, skill development, leather, port and shipping, tourism and food processing fields Has been released during.

EASE OF DOING BUSINESS 

The World Bank’s Doing Business 2017 report has shown that for the first time, the full score of ‘Distance to Frontier’ has increased for the first time in two years. This has increased from 55.27 to 53.93, reflecting an increase of 2.5 percent during the last one year period. This score measures the difference between the best practices adopted in India and globally. Under the notification issued by RBI, foreign VC was allowed to invest in any form or debt linked form of equity or equity, issued by any Indian start-up, without RBI approval.

Visa rules must include American companies working in India: Nirmala Sitharaman 

Union Commerce Minister Nirmala Sitharaman, concerned about the impact of strict Indian companies in visa rules in the US, said that the entire debate will be expanded and included in the US companies which are making profit in India.

The statement of the minister is being considered important in view of the impact of strict adherence to the rules of the US and other countries on Indian companies and especially IT service providers.

The statement of the minister is being considered important in view of the impact of strict adherence to the rules of the US and other countries on Indian companies and especially IT service providers. Nirmala said that we have to understand that there are not only Indian companies in the US, there are many big American companies in India too.

They are also here, they are also making profit, and they go to the US economy. He said that in this situation only in the unilateral way only the Indian companies should not face the US government’s order. There are also many American companies in India that have been working for many years and therefore they want the full debate to be expanded and all these aspects should be included in it and we will ensure that all these factors are kept in mind.

The Commerce Minister gave examples of countries like the United States, Britain, Australia and New Zealand, which are tightening their visa regime for the movement of skilled professionals. Sitharaman said that now the different countries are clearly creating a wall of protectionism in the business of services. He said that this is the time when we should have a global framework for business of services.

We will actively pursue our proposal in the WTO. India is pressurizing the deal in the WTO. Regarding signing of the H-1B visa by US President Donald Trump, Sitharaman said that the US has expressed its commitment to give a certain number of visas to India. We would definitely like the United States to fulfill its commitment.

On the other hand, the Ministry of External Affairs spokesman Gopal Bagale said that it is not an issue related to immigration but it is an issue related to trade and services, to curb H-1B visa rules. He said that after the completion of the internal process related to the visa program in the US, India will assess the effect of changes in the rules of this visa system.He said that in this case, India has already conveyed to the US how much it has contributed to Indian IT professionals in its field.

ON THE STATEMENT OF SANDEEP DIXIT ABOUT ARMY CHIEF 

On the controversial statement of Congress leader Sandeep Dixit, Union Minister Nirmala Sitharaman asked Sonia Gandhi to apologize. The BJP leader said that the Congress is continuously giving a statement defaming the army. Congress MP Sandeep Dikshit had compared the army chief, General Bipin Rawat, to “Goon of the Road”.

BJP spokesperson said, “Congress President Sonia Gandhi should apologize to the statement given by her leader. Congress leader wants to show the contribution of the Indian Army. The top leader of the Congress should clean up on this. Actually, former Delhi MP Sandeep Dixit was keeping his side in relation to Pakistan.

He said that Pakistan can do the same thing, let’s do such things of the uproar. And give your rhetoric. Sandeep Dikshit further said that poorly it seems that when our army chief also gives a statement like a street goose. They said that such a statement would give Pakistan army chief, what has he kept in the army? They are people of a mafia type but why our army chief also gave such statements.

There is civilization in us; there is gentleness, depth, strength. Our country emerges as an ideal country in the countries of the world. If we also do such things again, then it seems astonishing.

However, shortly after giving the statement, Sandeep Dixit apologized and said that I withdraw my statement. Sandeep Dixit wrote in his next tweet, ‘I really believe what I said was wrong. So I apologize and take back the statement. ‘Meanwhile, Union Home Minister Kiran Rijiju targeted the Congress by tweeting. He wrote, ‘What is the problem with the Congress party? How did the Congress dare to call army chief a ‘street punk’?

NIRMALA SITHARAMAN’S VIEW ON FARMERS ISSUES: BLAMES OPPOSITION(UPA)

“There were enough reasons to believe that the dissatisfaction of farmers was being played up by the Opposition with reference to the agitations by farmers in Madhya Pradesh and Maharashtra” as said by Union Minister for Commerce  Nirmala Sitharaman.

Stating that the government had re-imposed duties once it became clear that there would be a bumper crop this year, to defend her ministry’s decision to reduce the import duty on wheat.

Nirmala’s response to those agitated farmers who stated that the prices of the commodities had become complicated because of the bumper crops and for the wheat, with the removal of the import duty:

“The government had been responsive and reactive to assessments of output and concerns by importers as well as food prices for consumers. The issue with regard to import duty on wheat took place over a period of eight months, between the effects of a drought on prices and assessments of a bumper crop in the next year.” 

“The import duty on wheat as of September 2016 was 25%. The year we were feeling the effects of not just the drought but we had strong representations from wheat traders from southern India who said that even with duties on imported wheat from Canada and Australia, it was cheaper to import than buy wheat from Punjab and other north Indian States because of logistical issues like transport.” 

“There were also concerns over the protein and gluten content of domestic versus imported wheat. Looking at the situation, in September 2016, we brought the import duty down to 10% and then to zero in December. On March 29 when we got assessments that we were to have bumper crops this year, import duty on wheat was hiked to 10% again. Again, in response to reports of bumper crop, the Food Corporation of India (FCI) which on average procures around 25 million tonnes of wheat for States for the Public Distribution System, hiked its capacity to 30 million tonnes.” 

“This happened in a period of eight months and the government had acted fast looking at various aspects of the situation.” 

LIST OF REFORMS : NIRMALA SITHARAMAN AND MINISTRY OF COMMERCE 

In the last three years the NDA government had started and developed many systematic reforms and efforts would be taken to consolidate the profits and strive to undertake more economic measures in the two years which are left for the NDA government’s rule. As stated by Union Commerce Minister Nirmala Sitharaman. In a host of sectors which includes banking, real estate, taxation, aviation and commercial dispute resolution the government had pursued reforms, as stated by the minister of commerce and industry.

In a host of sectors which includes banking, real estate, taxation, aviation and commercial dispute resolution the government had pursued reforms, as stated by the minister of commerce and industry.

As stated to the PTI in an occasion where the NDA government had completed its successful 3 year terms, she said “In the three years, both big ticket and systematic reforms have been taken in a calibrated fashion.” She said adding the government which has the mandate for five years, that the reforms have been undertaken at the every level of governance and there are two further years to go during which consolidation would take place. Sitharaman said,”We need to consolidate on reforms and take up new things in the months to come with a view to boost economic development.”

 The confidence of overseas and domestic investors have improved she said because of the various initiatives taken up by the government. To a record level of USD 43.48 billion in 2016-17, Foreign Direct Investment increased by 9%. The government started a range of reforms in various sectors of taxation, FDI Policy, power, aviation and infrastructure, after coming to power

To a record level of USD 43.48 billion in 2016-17, Foreign Direct Investment increased by 9%. The government started a range of reforms in various sectors of taxation, FDI Policy, power, aviation and infrastructure, after coming to power on May 2014. The government eased foreign investment norms in as many as 21 sectors covering 87 areas, in the last three years. In the last three financial years, the FDI equity inflows rose by about 40% to USD 114.41 billion as against USD 81.84 billions during the previous three fiscals.                                                                                                             

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