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February 12, 2021
No probe initiated on Flipkart-Aditya Birla Fashion deal
The Competition Commission of India is looking into complaints received from the Confederation of All India Traders, alleging biased practices by banks in providing cashbacks and discounts for purchases on e-commerce websites such as Amazon and Flipkart, Minister of State for Commerce and Industry Som Parkash said in a written reply in the Rajya Sabha on Friday.
The Minister also said that no investigation has been initiated by RBI or the Enforcement Directorate (ED) on the allegation of violation of Foreign Direct Investment (FDI) policy and FEMA in the deal between Flipkart and Aditya Birla Fashion and Retail.
Investors should note that India’s online gaming industry, already growing at a rapid pace, witnessed a jump in its user base since last year's lockdowns.
Budget: Changes in indirect tax regime
Policy steps: Finance minister Nirmala Sitharaman, along with her staff, as she leaves the finance ministry to present the annual budget in Parliament on 1 February.Premium
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Union Budget 2021 became India’s first digital budget as finance minister Nirmala Sitharaman switched the old bahikhata for a ‘Made in India’ tablet. The minister proposed an array of measures to jump-start the covid-hit Indian economy.
This year’s budget proposals primarily rest on six pillars: health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and research and development, and minimum government and maximum governance.
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 .