Dipp

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India hopes to continue FDI growth story in 2020; Centre, states working to provide stable policies for entry of foreign firms
Business

India hopes to continue FDI growth story in 2020; Centre, states working to provide stable policies for entry of foreign firms

Although the FDI is allowed through automatic route in most of the sectors, certain areas such as defence, telecom, media, pharmaceuticals and insurance, government approval is required for foreign investors.

Boosting investments: Govt gives up obsession with round-tripping; need of hour to spur foreign fund inflows, make India manufacturing hub
Business

Boosting investments: Govt gives up obsession with round-tripping; need of hour to spur foreign fund inflows, make India manufacturing hub

Investments in the domestic capital market through participatory notes, led by equity allocation, rose to Rs 81,220 crore at the end of April 2019 on hopes of favourable market conditions.

Tenders worth over Rs 25,000 cr cancelled or modified to promote Make in India products
Business

Tenders worth over Rs 25,000 cr cancelled or modified to promote Make in India products

The Department for Promotion of Industry and Internal Trade (DPIIT) stepped in to change the conditions of tenders in order to promote 'Made in India' goods, a top official said.

NITI Aayog CEO Amitabh Kant gets two-year extension up to June 2021 as Cabinet's appointments panel gives nod
Business

NITI Aayog CEO Amitabh Kant gets two-year extension up to June 2021 as Cabinet's appointments panel gives nod

He was appointed as the CEO of the NITI Aayog on 17 February 2016, for a fixed two-year term.

Future Group starts listing brands, products on Amazon; US e-commerce major may buy stake in Future Coupons
Business

Future Group starts listing brands, products on Amazon; US e-commerce major may buy stake in Future Coupons

Future Group’s Big Bazaar will be one of the preferred sellers on Amazon Now. Amazon is also in talks to buy a stake in Future Coupons, a firm owned by Biyani

E-commerce policy shouldn’t blow hot and cold about exclusive deals; online marketplace can't be blamed for sellers' misdeeds
Business

E-commerce policy shouldn’t blow hot and cold about exclusive deals; online marketplace can't be blamed for sellers' misdeeds

One of the clarifications was that marketplace model of e-commerce and exclusive dealings were contradiction in terms.

Economic liberalisation worked well for e-commerce sector; now govt has taken a step back with new guidelines
Business

Economic liberalisation worked well for e-commerce sector; now govt has taken a step back with new guidelines

In the wake of the current regime of liberalisation in e-commerce trade adopted by the government for more than a decade now, such a step by DIPP is restrictive.

Foreign direct investments during Apr-Sep 2018 fell 11% to $22.66 bn: Commerce ministry data
Business

Foreign direct investments during Apr-Sep 2018 fell 11% to $22.66 bn: Commerce ministry data

A decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee

E-commerce FDI rules: Flipkart says disappointed with govt decision to implement changes in haste
Business

E-commerce FDI rules: Flipkart says disappointed with govt decision to implement changes in haste

US retail giant Walmart-backed Flipkart on Friday said it is disappointed with the Indian government's decision to implement the changes in rules for e-commerce companies with foreign investment in "haste"

New FDI norms for e-commerce: Comprehensive policy applicable to foreign, domestic players need of the hour
Business

New FDI norms for e-commerce: Comprehensive policy applicable to foreign, domestic players need of the hour

It could be difficult for the e-commerce players to rely on small/medium scale individual players for large scale deliveries.

Restaurants in dilemma after govt makes changes in FDI norms for e-commerce firms, seek clarification
Business

Restaurants in dilemma after govt makes changes in FDI norms for e-commerce firms, seek clarification

NRAI had approached the DIPP early this month seeking clarity if online food companies should comply with the FDI guidelines.

E-commerce rules: Flipkart, Amazon make last-ditch efforts for extension of 1 February deadline
Business

E-commerce rules: Flipkart, Amazon make last-ditch efforts for extension of 1 February deadline

Change in e-commerce rules are expected to hit Amazon and Flipkart the hardest

A Twist in the e-Tail
India

A Twist in the e-Tail

Flipkart and Amazon are now lobbying to get the deadline for the new rules extended beyond February 1 giving them enough time to refit the operational contours.

Angel tax exemption for startups: DIPP invites views from stakeholders for better implementation of procedure
Business

Angel tax exemption for startups: DIPP invites views from stakeholders for better implementation of procedure

On 16 January, the government eased the procedure for seeking income tax exemption by startups on investments from angel funds and prescribed a 45-day deadline for a decision on such applications.

WEF 2019 summit: Fourth industrial revolution presents huge opportunities for India, says DIPP secretary Ramesh Abhishek
Business

WEF 2019 summit: Fourth industrial revolution presents huge opportunities for India, says DIPP secretary Ramesh Abhishek

India has a huge opportunity in the form of Industry 4.0 or the fourth industrial revolution but the country needs to adopt new technologies and provide a facilitative policy framework on a fast-track basis, a senior government official said on Tuesday

Revised FDI norms for e-commerce: Brands co-owned by Bollywood celebrities likely to get affected
Business

Revised FDI norms for e-commerce: Brands co-owned by Bollywood celebrities likely to get affected

The government has banned e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest

Working group of Commerce and Industry Ministry suggests measures to increase size of economy to $5 trillion by 2025
Business

Working group of Commerce and Industry Ministry suggests measures to increase size of economy to $5 trillion by 2025

According to group's report, agriculture and manufacturing sectors can contribute $1 trillion each

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance
Business

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance

The revised policy on FDI in online retail said that these firms have to offer equal services or facilities to all its vendors without discrimination.

IAMAI asks govt defer implementation of revised FDI norms for e-commerce
Business

IAMAI asks govt defer implementation of revised FDI norms for e-commerce

The Internet and Mobile Association of India (IAMAI) on Tuesday urged the government to defer the implementation of revised norms for e-commerce companies having foreign investments, as few provisions are unclear and onerous

Traders' body CAIT urges Commerce and Industry Ministry not to allow sale of private labels on e-commerce sites
Business

Traders' body CAIT urges Commerce and Industry Ministry not to allow sale of private labels on e-commerce sites

Private labels -- often sold at lower prices -- allow e-commerce companies to control quality and even offers better margins than big, established brands.