News digest: Govt tightens FDI norms, panel for RBI transfer, and more

Flash sales, discounts may stop; Amazon, Flipkart could suspend selling products of subsidiaries

Govt tightens FDI norms for e-com firms
 
Flash sales on Flipkart or Amazon might soon be a thing of the past, and the e-commerce giants might also find it difficult to sell products of firms in which they have a stake. Read more
 
Bimal Jalan-led committee to decide on RBI reserves transfer

The Reserve Bank of India (RBI) on Wednesday constituted an expert committee headed by former governor Bimal Jalan to review its economic capital framework, and whether the central bank needs to hold as much reserves as it currently does. Read more