Page 20 - Dpiit

E-commerce firms ready to comply on 'country of origin' after DPIIT meeting

The companies have been told to come back for the next meeting in about two weeks and provide suggestions and provide information about the challenges they may face to implement the said feature

Draft e-commerce policy soon, to be stricter on data norms and discount

Pricing - a prime complaint of domestic retailers - is set to be the focus, with the government considering an annual review of discounts given by e-marketplaces.

Govt wants 'origin of products' displayed, calls e-commerce firms for meet

This follows the Government e-Marketplace (GeM) platform making it mandatory for its listed sellers to specify the country of origin while registering all new products on the portal

Blocking Chinese funding will adversely impact Indian start-ups: GlobalData

GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.

Eveready betting on anti-China wave to boost flashlights business

A recent survey conducted by LocalCircles showed that 58% of respondents are willing to boycott Chinese firms while 42% want heavy import duties on Chinese goods to discourage their influx

Economic setback temporary; Gujarat will be back on track in 6 months: CM

In times like this, our prime aim should be to work for the betterment of the people irrespective of our political differences, Rupani said

Govt allows startups to issue sweat equity for 10 years after registration

Industry experts expect the move to help startups in terms of enhancing their ability to incentivise personnel and retain talent

FDI from Cayman Islands to India jumps three-fold to $3.7 bn in 2019-20

India had received FDI worth $1 billion in 2018-19 and $1.23 billion in 2017-18 from the Cayman Islands, which is UK Overseas Territory

After mobile phone devices, phased manufacturing push for AC makers

Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.

Cayman Islands now India's 10th largest source of foreign direct investment

Inflows have gone up from tax havens; corporate tax dodging worries DPIIT

Will place draft e-comm policy in public domain to seek views: DPIIT Secy

DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years

Govt considering easing tax rules to promote start-ups, says official

Talking about the host of measures on which they are working, Mohapatra said the DPIIT will be extending more funds this year to startups under the Fund of Funds scheme

Punjab approves reforms to avail additional borrowing of 1.5% of GSDP

The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal

10 targets that states need to achieve to avail extra borrowing

These targets are under four categories, namely, One-Nation-One-Ration Card, ease of doing business, power sector reforms and urban local body reforms

India may set 10% beneficial ownership cap for FDI flowing from 7 countries

The 10% threshold is in line with the rules for significant beneficial owners under the Companies Act, 2013

Day 1 of lockdown 3.0: India limps back, but industry still in limbo

With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.

Amid race to woo small traders, CAIT readies online portal for kiranas

Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders

Uncertainty over new 'beneficial ownership' clause for Chinese FDI

This is particularly important as Chinese companies often have opaque beneficial structures and have unbridled access to our market and other national information

China slams India's move to scrutinise FDI, calls it discriminatory

New Delhi effectively closed on Saturday the "automatic route" of investing for Chinese firms and individuals.

India's new FDI policy is discriminatory and against free trade: China

India's move was attributed to the rising possibility of "opportunistic takeovers" of its companies by those in neighbouring nations, as the coronavirus pandemic wreaks havoc on the economy