Minister rules out amendments; development follows complaints that some e-commerce behemoths have been flouting the policy rolled out by govt
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)
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.
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
The move will help such small businesses get listed on the domestic bourses as well
The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented
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.
The consumer affairs ministry proposed changes to Consumer Protection Rules, 2020
While discount sales will continue to benefit consumers, 'fraudulent' and 'back-to-back' flash sales can't take place, as they limit fair competition and make small businesses uncompetitive
There will be 17 ministries and departments and 14 states onboard in first phase, commerce and industry minister Pitush Goyal said at review meeting of the system
Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies
A PLI scheme in specialty steel is expected to boost manufacturing capabilities for value-added steel, increasing exports
Govt collects Rs 34 lakh over 3 months for violation of norms
E-commerce policy expected to be finalised by end of June
Sahay initiative will enable small businesses on the portal get loans instantly against orders
On a sequential basis, they grew 5.35 per cent and 8.1 per cent as compared to May 2019
According to data released by commerce and industry ministry, fuel and power inflation stood at 37.61% led by higher petrol and diesel prices
Breaches RBI's comfort level in May on the back of costlier food items
Cyberspace should not be a venue for subverting democratic values: PM
India is seeing growth in the export of cereals, non-basmati rice, wheat, millets, maize, and other coarse grains.