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Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale

Current FDI policy restricts FDI in oil PSUs to 49%; most bidders who have shown interest in acquiring BPCL have foreign investment

Centre plans big boost for MSMEs with an inter-ministry data bank

This could help form better schemes

Wholesale inflation eases to 12.07% in June despite spike in fuel price

Wholesale inflation came in at (-)1.81% in June 2020, due to the implementation of a stringent nationwide lockdown

Cabinet extends RoSCTL scheme for textile exporters till March 2024

Apparel/garments and made-ups covered under RoSCTL scheme, will not get benefits under RoDTEP scheme

Govt-appointed panel to meet on modalities of open network for e-commerce

The discussions and meetings will begin soon to allocate work to various agencies that will be involved in developing the platform, said an official in the know

Industrial output up 29.3% in May due to low base, drops 8% sequentially

In May last year, IIP had shrunk 33.4% due to imposition of a nationwide lockdown to contain the spread of the Covid-19

Agriculture, engineering products set to propel export growth in Q1

Robust demand from key markets, rally in commodity prices help bring buoyancy

India Inc expects swifter recovery from second wave of Covid-19 pandemic

Private investments will be better in first half of FY22, according to CII CEOs' poll

Govt may make Bureau of Indian Standards must for public procurement

The development comes in the backdrop of the government's focus on increasing manufacturing and production of goods in the country

Govt extends timeline for feedback on draft e-commerce rules to July 21

Earlier deadline was set for July 6; companies now have till July 21 to submit their views

Nandan Nilekani to join govt panel on curbing digital monopolies

Idea is to give 'free and fair' choice to buy products on online platform

E-commerce cos say new rules will hurt biz, urge govt to extend deadline

Govt is studying industry comments, will take a call on making relevant changes before the rules are finalised

Govt to soon issue 'clarification' on FDI in e-commerce: Piyush Goyal

Minister rules out amendments; development follows complaints that some e-commerce behemoths have been flouting the policy rolled out by govt

Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders

MSME Minister Nitin Gadkari said the decision would make such traders eligible for finance under priority sectors classified by the Reserve Bank of India (RBI)

India's exports rise to all-time high of $95 billion in June quarter

The merchandise exports grew 47 per cent YoY to $32.46 billion in June, driven by a robust demand of engineering goods, petroleum products, and gems and jewellery in the external markets.

FTAs with key nations will boost exports, attract more investments: FIEO

India likely to kick start talks for FTAs with UK and EU by 2021-end, is also focusing on resuming trade talks with Canada, Australia

Govt's Rs 50K-cr Fund of Funds scheme for small businesses hits Sebi hurdle

The move will help such small businesses get listed on the domestic bourses as well

Consumer protection rules: Decoding the impact on e-commerce firms, buyers

The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented

India's total FDI inflow rises 38% year-on-year to $6.24 billion in April

Total FDI includes equity capital of unincorporated bodies, reinvest earnings and other capital. FDI equity inflow grew 60 per cent on year to $ 4.44 billion in April.

New rules for e-commerce companies likely to raise compliance burden

The consumer affairs ministry proposed changes to Consumer Protection Rules, 2020