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With reference to the Industrial Entrepreneurs Memorandum (IEM) portal, consider the following statements:
1. This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.
2. All approvals will be communicated on emails and SMS in purely paperless manner to applicants.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
With reference to the Industrial Entrepreneurs Memorandum (IEM) portal...
With a view to enhancing ease of doing business and transparency, the Department for Promotion of Industry and Internal Trade (DPIIT) has revamped its Industrial Entrepreneurs Memorandum (IEM) portal. The upgraded portal offers single IEM for one company to capture details of all its locations and sectors.
- This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.
- Any amendments to the IEMs may also be done easily with respect to previously filed IEMs. This entire process avoids duplication in filling information.
- All approvals will be communicated on emails and SMS in purely paperless manner to applicants. Simultaneous information shall also send to concerned State Governments.
- The G2B portal can be accessed at http://services.dipp.gov.in for the purpose of submitting application and obtaining the IEM certificate.
- DPIIT operates the G2B Portal for receiving application of Industrial Entrepreneurs to file an Industrial Entrepreneurs Memorandum (IEM) under Industries (Development and Regulation) Act, 1951.
Hence both statements are correct.
Most Upvoted Answer
With reference to the Industrial Entrepreneurs Memorandum (IEM) portal...
Explanation:
The correct answer is option C, i.e., both statements 1 and 2 are correct.
Statement 1: This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.
The Industrial Entrepreneurs Memorandum (IEM) is an online portal launched by the Ministry of Commerce and Industry, Government of India. It is a single form that facilitates the filing of investment intentions (IEM-Part A) and reporting of the commencement of production (IEM-Part B) in a seamless manner. The portal aims to simplify and streamline the process of investment and production reporting for industrial entrepreneurs. By providing a single form, it reduces the paperwork and administrative burden on the applicants.
The IEM-Part A is used for filing investment intentions by entrepreneurs who are planning to set up a new industrial unit or expand an existing one. The form requires information such as the name and address of the entrepreneur, details of the proposed investment, employment generation potential, and other relevant details. It serves as an initial step to inform the government about the investment plans of entrepreneurs.
The IEM-Part B is used for reporting the commencement of production by the industrial unit. Once the unit becomes operational, the entrepreneur is required to file this form to inform the government about the actual commencement of production. It includes details such as the date of commencement, the installed capacity, and other relevant information.
Statement 2: All approvals will be communicated on emails and SMS in a purely paperless manner to applicants.
The IEM portal aims to digitize the entire process of investment intentions and production reporting. As part of this digitization initiative, all approvals will be communicated to the applicants through emails and SMS. This eliminates the need for physical paperwork and ensures a paperless process. By using electronic communication, the government can expedite the approval process and reduce the time taken for applicants to receive the necessary approvals.
The use of emails and SMS also makes the communication process more efficient and convenient for the applicants. They can receive notifications and updates directly on their mobile phones or email accounts, allowing them to stay updated on the progress of their application without the need for physical visits or follow-up.
In conclusion, both statements 1 and 2 are correct. The IEM portal facilitates the filing of investment intentions and production reporting in a seamless manner through a single form. Additionally, all approvals are communicated through emails and SMS in a paperless manner, making the process more efficient and convenient for the applicants.
The correct answer is option C, i.e., both statements 1 and 2 are correct.
Statement 1: This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.
The Industrial Entrepreneurs Memorandum (IEM) is an online portal launched by the Ministry of Commerce and Industry, Government of India. It is a single form that facilitates the filing of investment intentions (IEM-Part A) and reporting of the commencement of production (IEM-Part B) in a seamless manner. The portal aims to simplify and streamline the process of investment and production reporting for industrial entrepreneurs. By providing a single form, it reduces the paperwork and administrative burden on the applicants.
The IEM-Part A is used for filing investment intentions by entrepreneurs who are planning to set up a new industrial unit or expand an existing one. The form requires information such as the name and address of the entrepreneur, details of the proposed investment, employment generation potential, and other relevant details. It serves as an initial step to inform the government about the investment plans of entrepreneurs.
The IEM-Part B is used for reporting the commencement of production by the industrial unit. Once the unit becomes operational, the entrepreneur is required to file this form to inform the government about the actual commencement of production. It includes details such as the date of commencement, the installed capacity, and other relevant information.
Statement 2: All approvals will be communicated on emails and SMS in a purely paperless manner to applicants.
The IEM portal aims to digitize the entire process of investment intentions and production reporting. As part of this digitization initiative, all approvals will be communicated to the applicants through emails and SMS. This eliminates the need for physical paperwork and ensures a paperless process. By using electronic communication, the government can expedite the approval process and reduce the time taken for applicants to receive the necessary approvals.
The use of emails and SMS also makes the communication process more efficient and convenient for the applicants. They can receive notifications and updates directly on their mobile phones or email accounts, allowing them to stay updated on the progress of their application without the need for physical visits or follow-up.
In conclusion, both statements 1 and 2 are correct. The IEM portal facilitates the filing of investment intentions and production reporting in a seamless manner through a single form. Additionally, all approvals are communicated through emails and SMS in a paperless manner, making the process more efficient and convenient for the applicants.
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With reference to the Industrial Entrepreneurs Memorandum (IEM) portal, consider the following statements:1. This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.2. All approvals will be communicated on emails and SMS in purely paperless manner to applicants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Industrial Entrepreneurs Memorandum (IEM) portal, consider the following statements:1. This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.2. All approvals will be communicated on emails and SMS in purely paperless manner to applicants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Industrial Entrepreneurs Memorandum (IEM) portal, consider the following statements:1. This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.2. All approvals will be communicated on emails and SMS in purely paperless manner to applicants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Industrial Entrepreneurs Memorandum (IEM) portal, consider the following statements:1. This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.2. All approvals will be communicated on emails and SMS in purely paperless manner to applicants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the Industrial Entrepreneurs Memorandum (IEM) portal, consider the following statements:1. This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.2. All approvals will be communicated on emails and SMS in purely paperless manner to applicants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Industrial Entrepreneurs Memorandum (IEM) portal, consider the following statements:1. This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.2. All approvals will be communicated on emails and SMS in purely paperless manner to applicants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Industrial Entrepreneurs Memorandum (IEM) portal, consider the following statements:1. This Single form will facilitate filling of investment intentions (IEM-Part A) and reporting of commencement of production (IEM-Part B) in a seamless manner.2. All approvals will be communicated on emails and SMS in purely paperless manner to applicants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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