Economy

Applications for IEM/IL under I(D&R) Act, 1951 are currently accepted through the IEM portal at https://services.dipp.gov.in. Through this portal, applications for acknowledgement of IEM – Part A (for establishment of business) and IEM – Part B (upon commencement of commercial production) are filed online by entrepreneurs of prescribed industrial undertakings.TheAcknowledgement Certificate of the IEM is issued physically on paper and scanned copy is uploaded on the portal.

Noted economist and executive director for India at International Monetary Fund (IMF), Surjit Bhalla has said that India has been the only country, so far, to institute major economic reforms in response to the Covid-19 pandemic.

With over 200 mobile phone manufacturing units set up in the country in the past five years, India has emerged as the second-largest mobile phone manufacturer in the world, Union Electronics and Information Technology Minister, Ravi Shankar Prasad has said. The union minister is slated to launch new schemes for Indian electronics at a press conference on Tuesday (June 2) as well.

In line with Government of India’s top focus on energising MSMEs in the country, a special meeting of Cabinet Committee on Economic Affairs (CCEA) was convened under the Chairmanship of Prime Minister Shri Narendra Modi, here today, which approved the upward revision of MSME definition and modalities/ road map for laying down effective implementation mechanism for the remaining two announcements under the Atmanirbhar Bharat Package. These include:

BEML Ltd is firming up tie-ups with two foreign companies for setting up joint manufacturing facilities in India. Besides, the state-owned company has also called for global expressions of interest (EOIs) for more tie-ups as part of its efforts to indigenise technology.

The Indian Energy Exchange, India’s premier energy trading platform, today launched the much-awaited Real-Time Electricity Market (RTM) on its platform.