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Department for Promotion of Industry and Internal Trade

ONDC getting traction; 5 lakh sellers onboarded so far: DPIIT Secy

The ONDC aims to promote an open platform for all aspects of e-commerce retailNew Delhi: The government-backed initiative ONDC (open network for digital commerce) has started getting traction in the e-commerce sector and so far five lakh sellers have...

How ONDC is changing India’s digital commerce game

With more businesses big and small aligning with the Open Network for Digital Commerce, e-commerce in India as we know it is about to change foreverIn December last year, Meta joined forces with the Open Network for Digital Commerce...

Toys to be significant portion in Walmart’s $10 billion exports target from India

The company has earlier informed toy makers about their requirements and expected quality standardsNew Delhi: US-based retail giant Walmart is targeting to increase its exports from India to $10 billion annually and domestic toys will account for a significant...

CBDT clarifies applicability of TDS liability for e-retailers on ONDC

As per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1 per cent TDS will have to be deducted from the gross sale amountNew Delhi: The income tax department on Thursday clarified the applicability of...

Targeted action plan to improve India’s logistics efficiency, global ranking

This will improve India's ranking in the World Bank's LPI (Logistics Performance Index), the Department for Promotion of Industry and Internal Trade (DPIIT)New Delhi: The commerce and industry ministry on Thursday said a targeted action plan has been shared...

Nivruti Rai appointed as MD and CEO of Invest India

Nivruti Rai has taken over the charge from Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT)New Delhi: Former Intel India country head Nivruti Rai has joined as the Managing Director and CEO of Invest...

Govt to bring retail trade policy to promote ease of doing biz for traders

The policy would also help in providing better infrastructure and more credit to traders says Sanjiv, joint secretary of DPIITNew Delhi: The government is working to bring a national retail trade policy for brick and mortar retail traders with...

Amazon to integrate its logistics and SmartCommerce services with ONDC

The company stated that the integration will provide technology support to the seller community and empower small businessesBengaluru: Leading retail marketplace Amazon announced that it will integrate its logistics network (from pickup to delivery) and SmartCommerce services with Open...

Despite global slowdown, FDI growth story in India to continue into 2021

The high growth story of foreign direct investments into India will "go well" in the new year too as there is a growing interest among overseas investors about the country amid the government's continuing reform measures to further improve...

Covid Lockdown: DPIIT suggests Home Ministry to permit limited activity in select sectors

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested the Home Ministry to allow limited activity in certain sectors such as heavy electricals and telecom equipment with reasonable safeguards. According to a PTI report: In a letter...
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