India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.
NEW DELHI: India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com, to restructure their ties with some major sellers.
The government discussions coincide with a growing number of complaints from India’s brick-and-mortar retailers, which have for years accused Amazon and Walmart-controlled Flipkart of creating complex structures to bypass federal rules, allegations the US companies deny.
India only allows foreign e-commerce players to operate as a marketplace to connect buyers and sellers. It prohibits them from holding inventories of goods and directly selling them on their platforms.
First India-EU IPR dialogue held to strengthen relation ANI | Updated: Jan 19, 2021 18:21 IST
New Delhi [India], January 19 (ANI): The first India-EUIPR dialogue between the European Union (EU) Commission and Department for Promotion of Industry and Internal Trade (DPIIT) was held on January 14 through a virtual platform. The meeting was jointly hosted by EU Commission and DPIIT and was co-chaired by the Joint Secretary of DPIIT Ravinder and Carlo Pettinato, Head of Unit Investment & Intellectual Property, Directorate-General for Trade European Commission, read a Ministry of Commerce & Industry release. Senior government functionaries from Ministry of External Affairs, Ministry of Home Affairs, Ministry of Agriculture, Department of Health and Department of Revenue from the Indian side, and several Directorate Generals of European Commission, from EU side, participated in the dialogue, the ministry informed on Tuesday.
Toycathon 2021: Here is all you need to know
Aim of Toycathon 2021 is to crowd source ideas for developing and games based on Indian ethos and value systems, local folklore and heroes January 19, 2021 / 03:14 PM IST
It aims to get schoolchildren to innovate, design, and conceptualise toys and capture the innovative prowess of 33 crore students. (Image: Reuters)
The Centre is organising Toycathon 2021 or “Toy Hackathon” for students, toy and design experts and startups.
The inter-ministerial event was launched by Union Minister for Women and Child Development Smriti Irani and Union Education Minister Ramesh Pokhriyal Nishank. Aim of Toycathon 2021 is to crowd source ideas for developing and games based on Indian ethos and value systems, local folklore, and heroes.
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers.