CURRENT AFFAIRS

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which department to grant license industrial license to defence manufacturers?

A	Department of Income Tax
B	Department of Agriculture
C	Department of Industrial Policy and Promotion (DIPP)
D	Department of Communications

Explanation:

Detailed explanation-1: -Defence Products List for which Ministry of Commerce & Industry, Department of Industrial Policy and Promotion (DIPP) is the Licensing Authority under I(D&R) Act, 1951. Defence aircraft.

Detailed explanation-2: -In India, industrial licenses are regulated by the IDRA, 1951 Act, and are approved by the Secretarial of Industrial Assistance (SIA) on the recommendation of the licensing committee.

Detailed explanation-3: -The industries requiring compulsory licensing are: Distillation and brewing of alcoholic drinks. Cigars and cigarettes of tobacco and manufactured tobacco substitutes. Aerospace and defense equipment.

Detailed explanation-4: -Cigars, cigarettes of tobacco and manufactured tobacco substitutes. 5. Distillation and brewing of alcoholic drinks.

There is 1 question to complete.