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Coronavirus Outbreak: Government amends Export Policy of APIs & formulations
The Government has made amendments in the export policy and restricted export of specified APIs (Active Pharmaceutical Ingredients) and formulations made from these APIs. A notification issued by Directorate General of Foreign Trade, M/o Commerce and Industry said that the restrictions will come into immediate effect and until further orders. The notification covers APIs and formulations made from APIs like Paracetamol, Vitamin B12, etc.
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Indian Venture Capital industry sees record $10 bn investment in 2019
As per the Bain & Company's India Venture Capital Report 2020, The Indian venture capital industry invested record $10 billion in 2019 (which translates to over  72,000 crore), driven by increased deal volume and larger average deal sizes. The amount was 55 per cent higher than the money invested by the industry in 2018.
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Switching over to 'Swadeshi' can transform Indian economy: Piyush Goyal
Speaking at the 3rd edition of the BL Changemaker Awards, Union Minister of Commerce & Industry and Railways Shri Piyush Goyal said that eliminating unnecessary imports & substituting them with 'Made in India' products will transform India & provide jobs to lakhs of people. He added that the Centre has already taken a step in the direction by raising import duties on more than 100 such items in this year's Union Budget that accounted for inflow of goods worth $9 billion last year.
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Cabinet approves the Foreign Direct Investment policy on Civil Aviation
The Union Cabinet has approved to amend the extant FDI Policy to permit Foreign Investment (s) in M/s Air India Ltd by NRIs, who are Indian Nationals, upto to 100% under automatic route. Above amendment is meant to liberalise and simplify the FDI policy to provide ease of doing business in the country, leading to increased FDI inflows & thereby contributing to growth of investment, income and employment.
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APEDA signs MoUs with various organisations for implementation of Agri Export Policy
APEDA has signed MoUs with specialised institutions like Indian Institute of Technology Delhi (IITD), Quality Council of India (QCI) Delhi, ICFA, SGT University and Pearl Academy on 4th March, 2020 to utilise their expertise by mutually working together to synergize the activities in the interest of agriculture and allied sectors for bringing better value to the stakeholders.
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