Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    MSMEs are the true builders of India’s economic resilience: LG Sinha
    RBI MPC preferred wait-and-watch stance amid food and fuel inflation risks: Minutes
    Bihar Police arrests man over alleged exam irregularities
    United Arab Emirates suspends trade with Iran after coming under renewed missile fire
    RBI minutes: Governor Malhotra awaits more clarity on inflation, opts for rate hold
    Instant Credit Card Application With JioFinance: Step-by-Step Guide
    Union Minister of Commerce & Industry Shri Piyush Goyal leaves for Singapore for 4th India-Singapore Ministerial Roundtable and 4th India-Singapore Bu...
    IDFC FIRST Bank successfully accesses international debt capital markets with maiden US$500 million bond issuance
    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
    Rupee falls 2 paise to settle at 95.76 against US dollar
    QualityKiosk Establishes Hyderabad Engineering Hub to Advance AI Reliability, Agentic Engineering and AI Assurance for Global Enterprises
    ED raids SP leader Azam Khan's Trust and university in UP
    Rupee rises 1 paisa to 95.73 against US dollar in early trade
    CCI approves acquisition of 23% equity shareholding of TM International Logistics by Tata Steel Ltd
    CCI approves acquisition of additional shareholding of Acko Technology & Services Pvt Ltd. by General Atlantic Singapore ACK Pte. Ltd
    Union Minister of Commerce & Industry Shri Piyush Goyal invites Japanese businesses to deepen investments and partnerships in India
    Department of Commerce Organises Awareness Session on EU CBAM Regulations for Exporters
    PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions
    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
    Sitharaman calls on public sector banks to translate strength into competitiveness and leadership
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 19, 2026
Show AI Summary
MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
Show AI Summary
Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
Show AI Summary
Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
Show AI Summary
Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
Show AI Summary
Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
Show AI Summary
Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
Show AI Summary
Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
Show AI Summary
International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
Show AI Summary
Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
Show AI Summary
Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
Show AI Summary
AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
Show AI Summary
Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
Show AI Summary
Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
Show AI Summary
Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
Show AI Summary
Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
Show AI Summary
India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
Show AI Summary
Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
Show AI Summary
Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
Show AI Summary
Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
Show AI Summary
Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Corp. Laws, SEBI & IBC

Minutes of Pre-Bid Meeting held on 23rd September, 2015 at 11:30 hrs regarding Tender Id No. 2015_DIPP_46397_1 Dated: 15.09.2015 for Appointment of Consultancy Agency For Start Ups for DIPP.

October 6, 2015

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Minutes of Pre-Bid Meeting held on 23rd September, 2015 at 11:30 hrs regarding Tender Id No. 2015_DIPP_46397_1 Dated: 15.09.2015 for Appointment of Consultancy Agency For Start Ups for DIPP.

(1) The Following were present: 

A. The following officials of Department of Industrial Policy & Promotion (DIPP) & Consulting Agencies were present in the meeting:

1. Shri Shailendra Singh, JS, DIPP

2. Shri Shihab Ansari Azhar, Program Manager, World Bank

3. Shri Frank Noble A, Assistant Secretary, DIPP

4. Smt. Shama Praveen, Assistant Secretary, DIPP

5. Shri Chandrashekhar Nayaka, Assistant Secretary, DIPP

6. Shri Suraj Kumar, Assistant Secretary, DIPP

7. Shri Rajesh Pawar, Assistant Director, DIPP

8. Smt. Shalini Gupta, Assistant Director, DIPP

B. Representatives of following consultancy Agency were present in the meeting:

1. KPMG

2. Ernst & Yoong

3. ICRA Management Consulting Services Ltd.

4. WIPRO Ltd.

5. PWC

6. IL&FS Clusters

7. DELOITTE

8. Darashaw & Co.

9. Grant Thornton

10. Mckinsey & Company

11. A.T.Kearney

C. Minutes of the meeting have been attached. ( Annexure -1)

Minutes of Pre-Bid Meeting held on 23rd September, 2015 at 11:30 hrs Dated: 15.09.2015 for Appointment of Consultancy Agency For Start Ups for DIPP.

Sl.No.

Para

Clause

Query

Reply

1

2.6.5

Experience of executing Programme Management Unit (PMU)/ Programme Management Office (PMO) projects with Central/ State Govt. in India in the last 3 years of value more than Rs. one crores (5 marks for each project)

Experience of executing Programme Management Unit (PMU)/ Programme Management Office (PMO) projects with Undertakings fully owned by State Government (i.e. State Public Sector Enterprises) should also be allowed

Experience of executing Programme Management Unit(PMU)/Programme Management Office(PMO) projects with Undertakings fully owned by State Government will also be allowed.

2

2.6.5

Qualifications, past performance/experience, skills and knowledge of Project Manager Essential Education Qualification (Graduate and MBA/PGDBA equivalent)·         Minimum Experience: 10 years Years of work experience: (10-12 years : 3 marks; more than 12 years : 5 marks) Experience as a project manager: 5 marks

Request to kindly allow the Chartered Accountancy qualification also for the position of Project Manager

The required essential educational qualification of the Project Manager in this RFP is Graduate and MBA/PGDBA equivalent.

3

2.6.5

Qualifications, past performance/ experience, skills and knowledge of other team members. Minimum Education Qualification (A Graduate and MBA/PGDBA equivalent/CA/CWA/CS/LLB)       Minimum Experience: 5Years in related field (5-10 years: 2 marks for each member more than 10 years:3 marks for each member)   ·         Maximum Marks-15

How many other Team Members are to be proposed?

The number of Team members to be deployed is upto the Consulting firm to decide.

4

2.6.5

 

No mention of number of dedicated team member in the RfP document, who will be deployed on full time basis.

Deployment period of the team members shall be full time.

5

3.2.5.1

Prohibition of Conflicting Activities: Neither the Consulting Agency nor their Sub consultants nor the Personnel shall engage, either directly or indirectly, in any of the following activities: a) during the term of this Work order, any business or professional activities which would conflict with the activities assigned to them under this Work order; and b) after the termination of this Contact, such other activities as may be specified in the SC

Need to be clarified in detail about the business or professional activities which would conflict with the activities assigned under this Work order

Prohibition with regards to conflicting activities refers to any activity which creates a conflict of interest for the consulting agency and affects its function of giving appropriate advice in good faith. No specific list of such activities can be given.

6

2.6.4

Consulting Agency Bidder should be a registered firm/company/partnership/consortium and should be in operations in India for a minimum of 3 years

Please clarify the experience of consortium partner shall be considered for both eligibility and technical evaluation, in case the interested consultant chose to submit the proposal in consortium

The experience on the number of projects will be calculated as per consortium. For all other criteria’s, the experience of lead partner will be taken into account.

7

2.6.5

Experience of being a knowledge partner on Make in India initiative or of executing projects to improve ease of doing business or investment promotion in India (Central Government and State Government 5 for each project) 

We understand that Make in India and Ease of Doing Business are holistic concepts and these phrases are relatively recent while these objectives have been implemented / pursued at State and Central levels in different forms and under different connotations. It would be pertinent to provide an indicative list of specific initiatives which would qualify for marks under this broad criterion. To encourage greater participation by consultancy firms in the tender, we request you to kindly include initiatives in economic development related to:

· Policy formulation

· Need assessment

· Financial linkages for MSMEs  

· Non – Financial Services for MSMEs

· Capacity Building

· Promoting schemes related to development of sectors covered under “Make in India”

· Vocational Training 

· Entrepreneurship development

· Use of IT to simplify Government processes 

· Organization of buyer seller meets for attracting investments

· Availability of global offices for investment promotion

· Market Development Programs

· Inclusive Growth

No indicative list can be provided while ' Make in India ' initiative is a recent one, other areas have been worked on in Central as well as in State Governments. Concepts of Ease of Doing Business and Investment promotion are well established and need no further clarification. Consulting agency has to indicate under which category the subject matter falls

8

2.6.5

Team deployment

We believe that the team of the shortlisted consultant shall be working from the consultant’s home office in NCR. It may be clarified if the consultant needs to depute any of the personnel at the department or on site on a full time basis.

· Kindly provide an indicative assessment of man months for each of the personnel proposed in the project over the period of 3 years for the purpose of having uniformity in the financial bids of the bidders

While decision of deputing an on-site team is with the applicant and they will be awarded marks in technical evaluation accordingly. A team of at least 2 members onsite is expected.

9

Form 4 B

Summary of Costs

Since, a dedicated team shall be working with DIPP on this engagement; It is not clear how the cost for developing recommendations, cost for handholding activities, cost for monitoring activities will be worked out. Kindly Clarify

Cost for developing recommendations, handholding activities and monitoring activities will have to be worked out by the bidders

10

3.4

Payments to consulting agency

· Provision of advance may please be considered · Since the deployment of manpower for discharge of works shall be continuous in nature, we request you to kindly consider monthly payment

Payment schedule will be made as following:

i. Developing recommendations – After the submission of recommendation. Cost of developing recommendation if it exceeds 1/3rd of total cost for the year, the amount in excess shall be paid in equal monthly installments over the year.

 ii.  Handholding activities – Quaterly payment based on the deliverables

iii. Monitoring activities – Quaterly payment based on the deliverables No Advance shall be made in the case

11

 

Earnest Money Deposit (EMD) Amount

The amount of EMD is very significant. It is requested to reduce it to INR 5 lakhs which shall also encourage greater participation

There will be no change.

12

Form 3C

Turn over

Kindly clarify, if the turnover of year 201415 shall be considered

As per Form 3C, the details have been requested for the Financial years 2011-12,2012-13,2013-14.

13

3.7

Liquidated Damages

The clause and its implementation mechanism is unclear, kindly clarify

Deliverable timeline shall be as follows

i. Developing recommendation: Within 2 months of effective date.

ii. Handholding activities: Based on the submission of the deliverables which will be specified by DIPP

iii.  Monitoring activities: Based on the submission of the deliverables which will be specified by DIPP

14

3.7.4a

 

The penalty for delay in adherence to implementation schedule shall be considered only in cases of delay attributable to consultant only, please confirm. Also, please indicate an upper limit to the amount of penalty

All the details are mentioned in the clause 3.7. There is no change to it.

15

 

 

The opening of pre-qualification proposals is mentioned on 08th Sept 2015, which seems like a typo, and should be October, please clarify.

Corrigendum already issued in this regard

16

 

 

What is the scheduled time for the Pre bid meeting to be held on 25th Sept 2015.

23rd September 2015

17

2.4.7(i)

All the costs associated with the Assignment shall be included in the Financial Proposal. These shall normally cover remuneration for all the personnel (Expatriate and Resident, in the field, office, etc.), accommodation, air fare, transportation, equipment, printing of documents, secondary and primary data collection, etc…

It is requested to clarify the travel requirements and nature (domestic and/or overseas) with frequency of travel for this project.Also, Since the duration of the project is 3 years, it may not be possible to ascertain the future travel requirement. Hence, it is requested that for any approved travel all associated travel charges to be reimbursed on the basis of the actuals.

Consulting agency is expected to bring International know-how with them on the subject. Travel (National/International) and Stay will be taken care by the Consulting agency according to their judgment for delivery of project Where specific tour is to be undertaken on the request of DIPP, cost of such tours  shall be borne by DIPP

18

2.6.4

Consulting Agency Bidder should have average turnover of ₹ 25 crore per year in the last three years from consultancy services.

It is understood that this project is of national significance and is envisaged to deliver long term impact with regards the “Start-up” ecosystem. Accordingly, we believe that the minimum turnover requirement should be increased to at least 75 crores per year in the last 3 years.

There will be no change in this requirement.

19

2.6.5

Team members: Minimum Experience: 5Years in related field

Kindly modify this (in line with the scoring rationale for project manager) to (5-7 years: 2 marks for each member more than 7 years:3 marks for each member)

There will be no change in this requirement.

(5-10 years: 2 marks for each member

more than 10 years:3 marks for each member)

· Maximum Marks-15

20

5

Designing and set up a system to monitor progress on the above initiatives in achievement of deliverables and targets set for various agencies

Kindly detail the scope for this line item. In case an IT system needs to be need to be developed, kindly clarify who would be responsible for hosting and maintaining the same.

The system refers to both IT and non-IT initiatives including development of an IT system. It will be integrated with the DIPP’s existing website

21

5

Identify global best practices and benchmarks that facilitate growth of start-ups;

Please clarify if any primary study visits would be required as part of this.

As in 17 above.

22

Form 3A, Point 9/Form 3G, Point 8

We certify that in regard to matters other than security and integrity of the country, we or any of our affiliates have not been convicted by a court of law or indicted or adverse orders passed by a regulatory authority which would cast a doubt on our ability to undertake the Project or which relates to a grave offence that outrages the moral sense of the community.

Kindly confirm that this requirement applies to affiliates in India only.

Requirement applies to affiliates in India only

23

Form 3A, Point 10/Form 3G, Point 9

We further certify that in regard to matters relating to security and integrity of the country, we have not been charge-sheeted by any agency of the Government or convicted by a court of law for any offence committed by us or by any of our affiliates. We further certify that neither we nor any of our consortium members have been barred by the central government, any state government, a statutory body or any public sector undertaking, as the case may be, from participating in any project or bid, and that any such bar, if any, does not subsist as on the date of this RfP.

Kindly confirm that this requirement applies to affiliates in India only

Requirement applies to affiliates in India only.

24

Form 3A, Point 11/Form 3G, Point 10

We further certify that no investigation by a regulatory authority is pending either against us or against our affiliates or against our CEO or any of our Partners/Directors/ Managers/ employees.

Please clarify whether the word “Director" in this clause refers to Board of Directors or Directors by designation.

The word “Director" in this clause refers to the Directors of Company as defined in the Companies Act, 2013.

25

Form 3A, Point 11/Form 3G, Point 10

We further certify that no investigation by a regulatory authority is pending either against us or against our affiliates or against our CEO or any of our Partners/Directors/ Managers/ employees.  

Please clarify whether the word “Partners” in this clause refers to partners of the firm or partners by designation.

The word “Partners” in this clause refers to  partners of a firm by whatever name called.

26

Form 3A, Point 11/Form 3G, Point 10

We further certify that no investigation by a regulatory authority is pending either against us or against our affiliates or against our CEO or any of our Partners/Directors/ Managers/ employees

Kindly limit the requirement to the bidding entity/CEO/Partners/Directors.

The clause shall exempt Managers/ employees where such information was not already in the knowledge of the bidding organization.

27

27

3.2.8

Liability of the Consulting Agency: Subject to additional provisions, if any, in this work order the Consulting Agency‘s liability under this Work order shall be as provided by the Applicable Law.

Kindly limit consulting agency’s liability to one time the fees to be received from DIPP under this engagement.

There will be no changes to this clause

 

2.5.2

The authorized representative's authorization should be confirmed by a written power of attorney by the competent authority accompanying the proposal

 

 

 

Clause 15 of Form 3A

A power of attorney in favour of the authorized signatory to sign and submit his proposal and documents is attached herewith

Will a board resolution authorizing the competent person to be the signing Authority suffice or is the Power of Attorney a mandatory requirement

In case of companies, board resolution authorizing the competent person to be the signing Authority will suffice

 

Form 3E

Form 3E: Format for Power of Attorney for Authorized Representative

 

 

29

3.2

Termination clause

The termination clause is provided only to the client

There will be no changes to this clause

30

3.2.7

Documents prepared by the consulting agency to be the property of the Client

All designs, reports, other documents and software submitted by the consulting agency purusant to this work order shall become and remain the property of the Client, and the consulting agency shall, not later than upon termination or expiration of this Work order, deliver all such documents and software to the client, together with a detailed inventory thereof. The consulting agency may retain a copy of such documents and softwar. Restricitions about the future use of these documents and software, if any, shall be specified in the SC.

All designs, reports , other documents and software submitted by the consulting agency purusant to this work order shall become and remain the property of the Client. In case the firm is using any existing software, it has to be brought to the notice of the client in advance.

31

31

3.2.9

Professional Liability Insurance

Consulting Agency will maintain at its expense, Professional Liability Insurance including coverage for errors and omissions caused by Consulting Agency's negligence, breach in the performance of its duties under this Work order from an Insurance Company permitted to offer such policies in India, for a period of one year beyong completion of Services commencing from the Effective date

Consulting agency can have insurance policy till the date of completion of services.

32

4.5.7.1

Performance Security

Performance security is 15% of the total cost of Financial Proposal under this assignment.

1. Can it be reduced to 10%

2. Can this be given as mobilization fees

There will be no change.

33

Miscellaneous

Background Material for Startups

 

Currently there are no materials available for Startups

34

Miscellaneous

Extension of timelines

 

There will be no extension of timelines

35

Section 6,Clause 3.4.2,Payments to the Consulting Agency

The Agency will submit pre-receipted invoices in triplicate, for necessary settlement when the payment is due on completion of each individual component as identified in Section 4 of this RFP

In section 4, only yearly cost of each component to be quoted by consultant has been mentioned. There is no clarity on the payment terms. We request DIPP to provide clarity on the payment structure

It has to be given on each completed component.

36

Section 6,  Clause 3.7.3, Liquidated damages

The amount of liquidated damages under this Work Order shall not exceed 100 percent of the total value of the contract as specified in Annexure B.

Request DIPP to make the following required changes: 

The amount of aggregate liquidated damages under this Work Order shall not exceed 100 10 percent of the total value of the contract as specified in Annexure B.

There will be no changes to this clause

Topics

Acts Income Tax