The Department of Industrial Policy and Promotion(DIPP) was renamed b...
The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade. The newly named department will work under the Union Ministry of Commerce. The order issued by the President states that the department would deal with matters related to start-ups, facilitating ease of doing business among others.
Hence, the correct option is (a).
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The Department of Industrial Policy and Promotion(DIPP) was renamed b...
Department for Promotion of Industry and Internal Trade (DPIIT)
The Department of Industrial Policy and Promotion (DIPP) was renamed by the Government of India in 2019. The new name of DIPP is the Department for Promotion of Industry and Internal Trade (DPIIT). This name change reflects the government's focus on promoting and facilitating the growth of industries and internal trade within the country.
Reasons for the name change:
- Promotion of Industry: The new name emphasizes the government's commitment to promoting industrial growth and development in India. It signifies the importance given to industries as a major driver of economic growth, employment generation, and overall development.
- Internal Trade: The inclusion of "Internal Trade" in the name highlights the government's focus on promoting trade activities within the country. This aims to boost domestic trade, encourage entrepreneurship, and enhance the ease of doing business across states and regions.
- Comprehensive Approach: The name change reflects a broader and more comprehensive approach towards fostering industrial growth and internal trade. It signifies the government's intention to address various aspects related to industries and trade, including policies, regulations, investment promotion, intellectual property rights, ease of doing business, and more.
- Aligning with Global Standards: The new name aligns the department's nomenclature with international best practices. Several countries have similar departments or ministries dedicated to the promotion of industries and internal trade. The name change brings India in line with global standards and facilitates international cooperation and collaboration in the field of industry and trade.
Conclusion:
The Department of Industrial Policy and Promotion (DIPP) was renamed as the Department for Promotion of Industry and Internal Trade (DPIIT) by the Government of India. The new name reflects the government's focus on promoting industrial growth, internal trade, and overall development. It signifies a comprehensive approach towards facilitating industries and trade activities within the country and aligns India with global standards in this domain.
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