January 30, 2019 2:22:16 pm
The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others, an official order said.
The newly-named department under the Ministry of Commerce and Industry will look into matters related to promotion of internal trade, including retail trade, welfare of traders and their employees, facilitating ease of doing business and start-ups, the order approved by President Ram Nath Kovind said.
The matters related to internal trade were earlier under the domain of the Ministry of Consumer Affairs. The president gave his nod to bring internal trade matters under the Department for Promotion of Industry and Internal Trade.
The move comes amidst a demand by traders’ body CAIT for forming a separate ministry for internal trade. “A National Trade Policy for retail trade be formulated and a separate ministry for internal trade should also be constituted,” the Confederation of All India Traders (CAIT) had asked in a recent letter to Prime Minister Narendra Modi.
Best of Express Premium
🗞 Subscribe Now: Get Express Premium to access our in-depth reporting, explainers and opinions 🗞️
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.