As the Indian government pushes the Aatmanirbhar Bharat vision, official data show that about 80 Chinese companies established in India are active currently.Union Finance Minister said on Tuesday that a total of 92 Chinese companies had .
Updated Feb 09, 2021 | 20:33 IST
CAIT has time and again alleged that the e-commerce players violated the Foreign Exchange Management Act and FDI rules. Govt considering certain clarifications on FDI in e-commerce sector: Piyush Goyal | Photo Credit: ANI
New Delhi: Amid domestic traders complaining alleged violations of FDI norms by foreign online players, Commerce and Industry Minister Piyush Goyal on Tuesday said the government is considering to come out with certain clarifications to ensure that the e-commerce sector works in the true spirit of the law and rules.
He said the current FDI policy for the e-commerce sector is robust and well-designed. However, there are certain complaints from consumers and small retailers about certain practices of the e-commerce companies, which are under investigation, he added.
Read more about Govt considering certain clarifications on FDI in e-commerce sector: Goyal on Business Standard. The government is considering to come out with certain clarifications to ensure that the e-commerce sector works in the "true spirit" of the law and rules
Separately, the minister also said that India is waiting for the confirmation of the new United States Trade Representative before starting a dialogue to expand trade relationship.
India s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market
The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India.
RBI Near Digital Rupee Announcement
As the Indian government prepares to introduce the cryptocurrency bill that seeks to both ban cryptocurrencies and create a regulatory framework for the digital rupee to be issued by the RBI, the central bank has made an announcement of its own.
RBI Deputy Governor B. P. Kanungo said Friday: