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ECOMMERCE FDI NORMS
Govt asks e-commerce firms to file FDI compliance report annually"Against Sl. No. 15.2.3, for entry (p), the following entry shall be substituted, namely-(p) e-commerce marketplace entity with FDI shall h...- E-marketplaces asked to upload compliance details by Sept 30These compliance reports have to be uploaded by September 30, and in this instance will cover only the February-March 2019 period, as the n...
- Committee setup to examine FDI issues in e-comm: Piyush GoyalA draft national e-commerce policy covering various areas of e-commerce, has been prepared and placed for comments in public domain.
- E-tail cash-burn may shrink by 67% in 5 yearsA recent study says that cash-burn in the e-tailing sector is expected to shrink to “one-third of its current rate” by 2023.
- HC spikes PIL for probe into alleged FDI violations by Flipkart and AmazonThe petition had also asked for initiation of legal proceedings against Flipkart and Amazon under FEMA for allegedly violating the FDI norm...
- Enforcement Directorate probing if Amazon, Flipkart violated foreign exchange law, High Court toldInvestigation has been initiated against e-commerce giants Amazon and Flipkart for alleged violation of foreign exchange law, the Enforceme...
- Better enforcement of FDI policy to push growth of sector: C R ChaudharyMinister of State for Commerce and Industry C R Chaudhary said the e-commerce sector is expected to keep growing in the future.
- Samara Capital-Amazon's joint bid to acquire supermarket chain More gets CCI nodThe revised DIPP norms may make it difficult for Amazon to strengthen the relationship between its India marketplace.
- CAIT urges govt not to tweak e-commerce FDI norms on demands of big playersThe traders’ body also asked the government to make it mandatory for the e-commerce companies to obtain a compliance certificate by March 3...
- E-commerce rules do not allow foreign investment in multi-brand retail: DIPPInventory-based model not only violates the FDI policy on e-commerce but also circumvents the FDI policy restrictions on multi-brand retail...
- E-commerce FDI norms should be applied on domestic online players also: CAITThe ministry is working on the policy and would soon come out with a draft for public views.
- Delhi High Court issues notices to Flipkart, Amazon on FDI violation PILAmazon and Flipkart, which have foreign funding, operate through a marketplace model under which they are not allowed to influence the pric...
- Retailers call on Finance Minister, discuss steep discount by e-tailersAt a meeting with Arun Jaitley, Biyani discussed the issues concerning hefty discount doled out on the e-commerce platform and also foreign...
- CAIT demands regulatory authority for online retailersAlthough e-commerce has introduced significant choices for Indian consumers and customers, it has also given rise to many disputes.
- 100% FDI allowed in online retail under new rules: Centre to Delhi High CourtThe Centre today told the Delhi High Court that it has issued a press note in March this year clarifying that 100 per cent FDI through auto...
- Government to come out with definition of ecommerce: Nirmala SitharamanThe government is working on the definition of 'e-commerce' to clear the air over key issues such as taxation and foreign investment in the...
- Government to call stakeholder meeting on e-commerce FDI policy tomorrowAt present, 100 per cent foreign direct investment (FDI) is allowed only in business-to-business (B2B) e-commerce and not in retail segment.
- Amazon engaging with government on relaxing FDI in e-commerceIndia's FDI policy restricts e-commerce firms from offering services directly to retail consumers, though at present, 100% FDI is allowed i...
- FDI in e-commerce: Nasscom for mandatory local sourcingThe Indian IT-ITes industry body Nasscom favours FDI in e-commerce in the retail sector, but wants the government to make some amount of lo...
- Remove FDI ban from retail e-commerce: AssochamIndustry body Assocham has asked the government to remove the ban on foreign direct investment in retail e-commerce business.
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