DPIIT Current Affairs - 2020

Union Government Approved Amendment to FDI Policy in Defence Sector

The union Government of India have approved Foreign Direct Investment (FDI) of 74%. This FDI has been allowed under the automatic route in defence sector. This will attract more overseas investors in the defence industry. This announcement was made by the Department for Promotion of Industry and Internal Trade (DPIIT) Background Government of India has Read More…

Ministry of Finance launches Business Reforms Action Plan ranking of states

On September 5, 2020, Union Minister of Finance and Corporate Affairs launched the fourth edition of Business Reforms Action Plan ranking of states. Key Highlights of the ranking The rankings are being launched since 2015. The Business Reform Action Plan 2018-19 includes 180 reform points that covers business regulatory areas such as Single Window System, Read More…

Chunauti: Next Generation Start Up Challenge contest

On August 28, 2020, the Government of India launched “Chunauti”, the next generation start up challenge contest. Around 300 start ups working in select areas are to be identified and provided with seed fund up to Rs 25 lakhs. Highlights The challenge is launched with a special focus on Tier-II towns. Chunauti is Challenge Hunt Read More…

Atma Nirbhar Bharat Abhiyan: DRDO identifies 108 systems and subsystems to design, develop and manufacture

The Defence Research and Development Organization has taken several initiatives to strengthen indigenous defence production under Atma Nirbhar Bharat Abhiyan. Recently, DRDO has included 108 systems and subsystems to achieve Atma Nirbhar Bharat Abhiyan. Highlights Under the new initiative, DRDO will provide support to design, develop and test the identified 108 systems. By this, it Read More…

Facts Box: General Financial Rules, 2017 amended

The Government of India recently amended General Financial Rules, 2017. The rules were amended to impose restrictions on public procurement from the neighbourhood countries of India that share land border. This has been done on national security grounds. Highlights A detail order on public procurement was issued by the Department of Expenditure to strengthen defence Read More…