New Delhi, Aug 8 (KNN) The Directorate General of Foreign Trade (DGFT) has expanded the eligibility criteria for the ‘Source from India’ service on the Trade Connect ePlatform to include eligible DPIIT-recognised startups, with the aim of boosting innovation-led exports and enhancing the global visibility of Indian startups. Trade ConnectContinue Reading
New Delhi, Aug 7 (KNN) India has proposed a study to establish a BRICS Trade Receivables Discounting System aimed at addressing the trade finance gap faced by micro, small and medium enterprises (MSMEs) and supporting their integration into global markets. The proposal, made under India’s BRICS Chairship in 2026, seeksContinue Reading
New Delhi, Aug 7 (KNN) The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, without debate. The legislation aims to attract foreign investment, support domestic manufacturing, and provide greater clarity in tax rules. It will replace the Income-tax (Amendment) Ordinance, 2026. Key Objectives The BillContinue Reading
New Delhi, Aug 7 (KNN) The government is preparing to introduce a formal regulatory framework for digital gold by next year, aiming to enhance transparency, strengthen consumer protection and standardise operations in the rapidly growing investment segment. Government, Regulators Hold Consultations On Digital Gold Framework The proposed framework follows consultationsContinue Reading
New Delhi, Aug 7 (KNN) The government plans to continue rationalising tariff structures and aims to bring Customs duty on most items down to single-digit levels by the Budget for 2027–28 (FY28), Union Finance Minister Nirmala Sitharaman said on Thursday. Speaking at the National Council of Applied Economic Research’s IndiaContinue Reading
New Delhi, Aug 7 (KNN) India’s micro, small and medium enterprises (MSMEs) are rapidly adopting digital procurement, with four out of five businesses expecting online sourcing platforms to drive growth over the next three years, according to a report released by the India SME Forum (ISF). Digital Procurement Economy EstimatedContinue Reading
New Delhi, Aug 7 (KNN) Gurugram-based Cars24 has signed a memorandum of understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to collaborate on initiatives aimed at strengthening India’s startup ecosystem. The partnership will focus on sectors such as artificial intelligence (AI), mobility, and road safety,Continue Reading
