BANKING GENERAL KNOWLEDGE
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Question
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Department of Industry Policy and Promotion
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Department of Innovation Policy and Promotion
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Department of Industrial Policy and Promotion
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Department of Industrial Policy and Partnership
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Detailed explanation-1: -’Invest India’ is a joint venture company between the Government of India, Department of Industrial Policy & Promotion (DIPP), Federation of Indian Chambers of Commerce and Industry (FICCI), and various state governments.
Detailed explanation-2: -The Department of Industrial Policy & Promotion (DIPP)is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
Detailed explanation-3: -UPSC Questions related to DPIIT Yes, the Department of Industrial Policy & Promotion (DIPP) was renamed as the Department for Promotion of Industry and Internal Trade (DPIIT).
Detailed explanation-4: -The industrial policy seeks to provide a framework of rules, regulations and reservation of spheres of activity for the public and the private sectors. This is aimed at reducing the monopolistic tendencies and preventing concentration of economic power in the hands of a few big industrial houses.
Detailed explanation-5: -1.1 Introduction. 1.1. 1 The Department for Promotion of Industry and Internal Trade (DPIIT) was established in the year 1995 and was reconstituted in the year 2000 with the merger of the Department of Industrial Development.