Business Reform Action Plan for the year 2019

News: Union Minister of Finance and Corporate Affairs has announced the 4th edition of Business Reform Action Plan (BRAP) ranking of states,2019. Facts: Business Reform Action Plan(BRAP): The ranking of States based on the implementation of Business Reform Action Plan started in the year 2015.Till date, State Rankings have been released for the years 2015,… Continue reading Business Reform Action Plan for the year 2019

DPIIT invites applications for first-ever National Startup Awards 2020

News:The Department for Promotion of Industry and Internal Trade (DPIIT) has announced the institution of the first ever National Startup Awards. Facts: About National Startup awards: The first ever National Startup Awards has been announced by the Department for Promotion of Industry and Internal Trade(DPIIT). The awards seek to recognize outstanding startups and ecosystem enablers… Continue reading DPIIT invites applications for first-ever National Startup Awards 2020

Govt announces welfare board for traders

Commerce and industry ministry has notified the setting up of a ‘National Traders Welfare Board’. The main objectives of the board will include (a)suggesting simplifications of rules (b)reducing the compliance burden on traders (c)improving access to funds and (d)making recommendations on social security benefits like insurance,pension and healthcare for both traders and their employees The… Continue reading Govt announces welfare board for traders

Government aims to cut patent examination time to six months

Department for Promotion of Internal Industry and Trade(DPIIT) aims to reduce the time taken to examine patents to six months as part of its five year plan from 18 months currently. A patent is a form of intellectual property.A patent gives its owner the right to exclude others from making,selling and importing an invention for… Continue reading Government aims to cut patent examination time to six months