Foreigne Commerce News Today

Traders body CAIT on Sunday said it would launch a nation-wide agitation against issues related to the goods and services tax and alleged malpractices of foreign e-commerce firms. The day-long Bharat Vyapar Bandh, called by the Confederation of All India Traders (CAIT) on February 26, had evoked a lukewarm response. "The campaign will begin from March 5 and continue till April 5 against the GST amendments and malpractices of foreign e-commerce companies," CAIT said. The traders body said bo...

US lobby group urges India not to make foreign e-commerce rules more stringent India is considering revising the rules after traders in the country accused Amazons Indian division and Walmarts Flipkart of creating complex structures to bypass investment regulations Reuters | January 30, 2021 | Updated 15:29 IST In 2018, India changed its foreign direct investment (FDI) rules to deter foreign firms offering products from sellers in which they have an equity stake A US lobby group which represen...