Page 1975 - Economy & Policy News

Govt looks into Flipkart, Amazon discounts after retailer complaints

Confederation of All India Traders alleged Amazon and Flipkart were violating the foreign investment rules

Govt policy on e-commerce industry may miss year-end deadline: Sources

The committee will provide clarification on FDI in e-commerce

Amazon's combined FY19 losses in India businesses at over Rs 7,000 cr

The e-commerce giant is expecting its December-quarter net sales to be between $80 billion and $86.5 billion, 11-20% higher than the year-ago period

It's traders vs Amazon, Flipkart over online prices & a level-playing field

As traders prepare to hold a nationwide agitation against Amazon and Flipkart this week, the government weighs its options

Forex reserves rise $58 million to record high of $461.21 billion: RBI

In the reporting week, the reserves rose despite a decline in foreign currency assets (FCA), which is a major component of the overall reserves.

'Mo Sarkar' initiative likely to hasten pace of new investments

In addition to industries and MSME departments, the Mo Sarkar initiative will cover key agencies and corporations whose functions are intertwined with the two departments

India needs continued structural reforms to boost growth: UN report

The World Economic Situation and Prospects 2020 report has also lowered GDP growth estimate for India

Ahmedabad-Mumbai Tejas Express flagged off, becomes second IRCTC run train

This is the IRCTC's second premium train after the inaugural Tejas Express which operates between Delhi and Lucknow

Asia most expensive region for luxury buying; Mumbai cheapest city: Report

Mumbai offers exceptional value across almost all luxury categories, says Julius Baer's first Global Wealth and Lifestyle Report.

Amazon not doing India a favour by investing billion dollars: Piyush Goyal

Minister's remarks come a day after Bezos announced $1 billion investment

SC reserves order in mining case, but union minister 'welcomes' verdict

Shripad Naik, minister of state for defence, issued a statement welcoming the Supreme Court 'judgement' on iron ore mines in the state

A lowdown on India's controversial private train concept

The Railway Board has made it clear that none of the physical operations and infrastructure - including safety-related operations - will be handled by private players

Budget 2020: 15% tax for new units likely to stay for 2 more years

Invest India demands accommodating companies set up a few months earlier

New codes likely to take 1,200 steel items out of 'others' category

These new codes will accurately define and classify the imported product

Infrastructure, energy firms wait for NIP fine print to firm up capex plan

The roadmap, companies like JSW Energy and Adani Transport say, helps them decidedly lay down their own multi-year investment plans

Pharma chemical from China and Saudi Arabia faces anti-dumping duty

The company has filed an application before the directorate for investigation into the imports from these countries for imposing anti-dumping duty

SC rejects AGR review plea; telcos have to pay Rs 1.47 trn dues in a week

Disappointed with the decision, Bharti Airtel, which is facing an estimated AGR demand of Rs 35,586 crore said it was evaluating filing a curative petition

Govt plans increase in thickness of polyethylene bags to 125 microns

Plastic processors say that is much thicker than global standards

Stock of imported edible oil in pipelines, at ports falls to multi-year low

According to data from the Solvent Extractors' Association of India (SEA), the stock of edible oils as on January 1, 2020, at various ports fell to an estimated 860,000 tonnes

Centre likely to impose 25% safeguard duty on single-mode optical fibre

Imports in the category jumped three times to $ 180 million in 2018-19, from only $51.3 million in the preceding year