CAIT urges DPIIT to penalise Amazon, Flipkart

The Confederation of All India Traders (CAIT) has written to the Department for Promotion of Industry and Internal Trade (DPIIT) to take action against e-commerce major Amazon and Flipkart for alleged violation of FDI and FEMA norms. Continue Reading

Comply with 26% FDI cap, govt tells digital media companies

The Union government has released a set of clarifications that shed more light on its decision last year to impose a foreign direct investment (FDI) cap of 26 per cent for digital media companies that upload or stream news and current affairs. Continue Reading

Attention, stand at ‘ease’

Andhra Pradesh, Tamilnadu’s next-door neighbour, has retained the top position in the ranking of States and Union Territories (UTs) based on the implementation of the business reform action plan, according to a report released by Finance Minister Nirmala Sitharaman. Continue Reading

Editorial: No trespass

A company or an individual from a country that shares land border with India can invest in any sector here only after getting government approval, according to DPIIT. Continue Reading

FDI growth in India grew 15% to $26 billion

Foreign direct investment into India grew 15 percent to $26 billion during the first half of the current financial year, according to government data. Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at $22.66 billion. Sectors, which attracted maximum foreign inflows during April-September 2019-20, include services ($4.45 billion), computer software and hardware ($4 billion), telecommunications ($4.28 billion), automobile ($2.13 billion) and trading ($2.14 billion), the commerce and industry ministry data showed. Continue Reading

India Economic Summit to be held 3-4 October

The two-day meeting will convene leaders from government, the private sector, academia and civil society with the aim of accelerating the adoption throughout South Asia of Fourth Industrial Revolution technologies and making the most of the region’s distinctive demographic dividends Continue Reading