DIPP renamed

Why is it in the news ?
  • The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade.
  • It has also enhanced its role with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others.
More in the news
  • The notification included four new categories of responsibilities the renamed body will be in charge of. They are as follows:
    • The promotion of internal trade (including retail trade).
    • The welfare of traders and their employees.
    • Matters relating to facilitating Ease of Doing Business.
    • Matters relating to start-ups.
The previous responsibilities of the erstwhile DIPP were:
    • Relating to general industrial policy.
    • Administration of the Industries (Development and Regulation) Act, 1951.
    • Industrial management.
    • Productivity in industry.
    • Matters related to e-commerce.
Background :
    • The DIPP was established in 1995 under the Ministry of Commerce and Industry as a nodal agency for design and facilitation of industrial, trade and commerce policies.
    • It was reconstituted in 2000 with the merger of the Department of Industrial Development.
    • The Department is performing vital functions related to policy design in several fields including industrial policy, intellectual property, FDI policy etc.(Now additional responsibilities have been added as mentioned above)
Source
The Hindu.




Posted by Jawwad Kazi on 31st Jan 2019
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