Koo app was shortlisted as an awardee for AatmaNirbhar App Innovation Challenge under the social media category as it was an eligible participant to be classified as domestic company as per the extant FDI policy.

The draft has stated that sharing of data for industrial development would be encouraged and regulations for data will be provided for the sharing mechanism

While in the year-ago period the sector received USD 6.4 billion FDI, the entire 2019-20 saw overseas investment of USD 7.7 billion, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed

The government has announced several measures under Aatmanirbhar Bharat package to increase availability of credit to the MSME sector, added MSME Minister Nitin Gadkari

So far, 12 states have implemented ease of doing business reforms and have got additional borrowing permission of Rs 28,183 crore

Union Budget 2021 expectations: Startups are now looking forward to FM Nirmala Sitharaman's Budget 2021 to give them a leg up in the road to recovery

In the backdrop of slowing economy, there is high hope from the government to remove FDI caps in different sectors to attract substantial foreign investment

India is considering revising the rules after traders in the country accused Amazon's Indian division and Walmart's Flipkart of creating complex structures to bypass investment regulations

The stakeholders are keenly eyeing the much-anticipated regulatory changes in incentivising the domestic and foreign investments, easing the compliance burden on startups, among other measures, during the Budget 2021

Since the education sector in India continues to be a strategic priority for the government, it has already allowed 100% FDI in the education sector through the automatic route since 2002

NASSCOM recommended extending concessional corporate tax rate to all new IT-BPM units incorporated in SEZs that commence operations within a set period and commit to createcertain number of jobs

Sandhu said according to a recent report, Indian startups raised $9.3 billion until mid-December this year

In the year-ago period, FDI equity inflows stood at USD 29.31 billion, as per the data of the Department for Promotion of Industry and Internal Trade (DPIIT)

An inter-ministerial committee has been formed by the government to scrutinise these proposals, they said adding most of the investments are for brownfield projects (means in existing Indian companies)

DPIIT Secretary Guruprasad Mohapatra said that the government is developing a technology-based single window, where investors can not only get all information on land, procedures, requirements and forms, they can also create a single unified sheet of information

CAIT claimed that despite the constant violations no action has been taken against Amazon because of which 7 crore traders of the country along with the workers and people connected to them are feeling cheated and left out

As India's IT industry advances and its content economy grows, an effective IPR regime is foundational to achieving the government's goal of a USD 1 trillion digital economy, Biswal said

During April-September 2020, India attracted FDI worth USD 7.12 billion from the US and USD 2 billion from Mauritius, which slipped to fourth position, DPIIT data shows

Taking to Twitter, Commerce and Industry Minister Piyush Goyal said that despite COVID-19, FDI doubled year-on-year upwards, indicating global investors' preference for India's enabling environment

Sectors which attracted maximum foreign inflows during April-September 2020-21 included computer software and hardware ($ 17.55 billion), services ($ 2.25 billion), trading ($ 949 billion), chemicals ($ 437 million) and automobile ($ 417 million)