Who among the following handles proposals from NRIs and Export Oriented Units, applications relating to equity issues for import of capital goods.

The Correct answer is Department of Industrial Policy & Promotion (DIPP).

Key Points

• The Department of Industrial Policy & Promotion (DIPP) handles proposals from NRIs and Export Oriented Units.
• This department also manages applications related to equity issues for import of capital goods.
• The DIPP was established in 1995 and is a part of the Ministry of Commerce and Industry, Government of India.
• It is responsible for formulating and implementing promotional and developmental measures for the growth of the industrial sector.
• The department plays a crucial role in foreign direct investment (FDI) policy and promotion.

 Additional Information

• Department of Posts
  • The Department of Posts is responsible for managing the postal network in India.
  • It operates under the Ministry of Communications.
  • It provides mailing services, financial services such as savings accounts, and acts as an agent for various government schemes.
• Department of Telecommunications
  • The Department of Telecommunications (DoT) manages the overall telecommunications infrastructure and policy in India.
  • It is part of the Ministry of Communications and is responsible for issuing licenses and regulating telecom services.
• Department of Consumer Affairs
  • The Department of Consumer Affairs deals with the protection of consumer rights and the resolution of consumer grievances.
  • It operates under the Ministry of Consumer Affairs, Food, and Public Distribution.
  • The department also oversees the implementation of the Consumer Protection Act.