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FDI POLICY VIOLATION
Government says has received complaints against online firms alleging FDI policy violationAny violation of FDI regulations are covered by the penal provisions of the FEMA (Foreign Exchange Management Act). The Reserve Bank of Ind...- Industry bodies disagree on whether India needs new rules for FDI in e-commerceAt a meeting called by DPIIT, Nasscom, CII and Assocham spoke in favour of retaining Press Note 2, which amends and tightens India’s existi...
- DPIIT sends complaints by trader body CAIT against Flipkart, Amazon to EDConfederation of All India Traders (CAIT) has alleged that Flipkart and Amazon are in violation of FEMA rules and FDI policy by adopting il...
- 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...
- DIPP refers SJM's complaint on Flipkart-Walmart deal to ED,CCI, RBI, IT deptThe sangh's economic offshoot Swadeshi Jagran Manch (SJM) had alleged that US retail giant Walmart was "circumventing" rules for a "back-do...
- Complaints related to FDI norm violation by e-tailers sent to ED: DIPP SecyDIPP Secretary Ramesh Abhishek said that all FDI policies are notified under the FEMA and any infringement of the law or allegation is inve...
- Discounts on Amazon, Flipkart & Snapdeal illegal, in violation of FDI rules: Traders' bodyCAIT alleges sites don't have ownership of the products purported to be sold on their technology platform. They can't offer discounts on pr...
- RBI administers FDI policy; ED enforcing authority: DIPP to CAITDIPP, in a reply to the tweet of CAIT, said that it is responsible only for formulation of FDI policy which is notified under FEMA.
- Retailers seek ED probe into alleged violation of online marketplace model by Amazon, Paytm and FlipkartThe Retailers Association of India said online sellers are offering discounts that influence the pricing of goods, which is a violation of ...
- DIPP likely to back ecommerce companies in legal tussle with footwear firmsThe government is likely to back ecommerce companies in the their legal tussle with the Footwear Manufacturers and Retailers Association (A...
- After Flipkart, online retailer Myntra under ED lens for FEMA breachFollowing on the heels of Flipkart, popular online retailer Myntra has come under Enforcement Directorate’s scanner for possible violation ...
- Marks & Spencer under scrutiny for FDI policy violation on single-brandThe finance ministry has raised the matter with DIPP, and sought to know if M&S’ practice of selling sub-brands was in conformity with the ...
- FDI policy renders PIL against Bharti Walmart futile: CentreThe Centre told the HC that the PIL against Bharti Walmart Pvt Ltd & Bharti Retail Ltd for alleged violation of FDI policy in retail sector...
- FDI in multi brand retail doesn't violate current agreements: GovernmentThe government today said the recent decision to allow 51 per cent FDI in multi brand retail with conditions does not violate India's inter...
- Govt to release revised FDI policy on ThursdayThe government will release the revised consolidated FDI policy paper, a ready reckoner on foreign investment related regulations on Thursd...
- Foreign companies setting up arms sans FIPB nod to face investment barForeign companies setting up holding companies here without prior approval from Foreign Investment Promotion Board (FIPB) would not be allo...
- Drop plans for a new FDI regulatorYet another review of India’s foreign direct investment (FDI) policy is on the cards.
- FIPB to vet Vodafone deal todayVodafone acquired control of HEL in February this year, but needs FIPB clearance to implement the deal.
- Finmin set to screen FDI in HTIL before FIPB okays Vodafone callDespite clarifications from Hutchison Essar managing director Asim Ghosh and Max India chairman Analjit Singh, the finance ministry has dec...
- Beware of flouting FDI norms!THE FIPB is for the first time considering action against companies which have violated the Foreign Direct Investment norms. Such a decisio...
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