Page 20 - Press Note News Today

NEW DELHI: In a move that will restrict the business of top Chinese vendors such as Huawei and ZTE in India’s 4G telecom expansion and the upcoming 5G, the government on Wednesday took decisive steps towards securing the mobile eco-system by making amendments to the license rules, mandating that post June 15, equipment can be procured only from ‘trusted’ sources that have been approved by a Designated Authority. The move comes amidst growing concerns in the government over “meddling by...

Indian govt likely to ease restrictions on Chinese FDI Sun Online Desk 5th March, 2021 05:36:01 The Indian government is looking at easing restrictions for Chinese foreign direct investment (FDI) by allowing companies from the bordering country to invest up to 25 per cent in a company through automatic route. This is being discussed only for non-sensitive sectors such as manufacturing, automobile, services and technology. “We are deliberating on reverting FDI of certain percentage to the auto...

Investment Arbitration and India: 2020 Year in Review Thursday, February 25, 2021 For the Indian foreign direct investment landscape, 2020 was a mixed bag of equity inflows, policy changes, arbitration awards and innovative dispute resolution strategies. In September 2020, FDI equity inflows in India crossed the USD 500 billion milestone, computed over a period of 20 years starting from April 2000. 1 While global FDI witnessed a steep decline of 42%, India noted a 13% increase in FDI ...

Over 8 crore traders to go on strike on Friday February 25, 2021 Upskilling of retail traders will also be an important pillar of the national retail trade policy   -  Bloomberg Upskilling of retail traders will also be an important pillar of the national retail trade policy   -  Bloomberg× To protest against discretionary powers to GST authorities and demand tightening of FDI policy More than 8 crore traders from over 40,000 business organisations across the country are likely to join the...

India has a standard operating procedure for foreign direct investment proposals requiring mandatory government approval. We briefly explain the process.

Deliberate effort to discredit Amazon’s biz in India, says Amit Agarwal REUTERS/Pascal Rossignol February 22, 2021 E-commerce major Amazon.com Inc.’s India arm has been in the news after allegations of preferential treatment to two of its sellers and circumventing foreign direct investment (FDI) laws resurfaced. Amazon and rival Walmart-owned Flipkart are also being investigated by regulators for alleged anti-competitive practices and predatory pricing, among other charges. Amazon has com...

The Confederation of All India Traders (CAIT) called for setting up of a special working group at the central level comprising senior officials, CAIT representatives and independent tax experts to review the GST structure and make recommendations to the government., , cait, E-Commerce Rules, prime minister, narendra modi

Scouting for allies before debut, Amazon pledged minimum returns SECTIONS Share Synopsis In 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named Red, to a few select potential local partners for a retailing venture. Reuters In 2010, Amazon was scouting for a reliable Indian partner as the country’s foreign direct investment laws forbade global companies from stocking and selling their own wares on technological...

CAIT calls for a regulatory body to govern e-commerce companies February 22, 2021 The government should set up a regulatory authority to monitor and regulate e-commerce businesses in the country, and it should be empowered with due rights to penalise these companies in case they violate India’s laws, the traders’ body Confederation of All India Traders (CAIT) said. In a letter to Prime Minister Narendra Modi, the trade union also called for the government to issue a fresh Press Note, “blo...

Deliberate effort to discredit Amazon’s business in India: Amit Agarwal Amit Agarwal said the more India digitizes, the stronger manufacturing gets, and more people would use Amazon for shopping, contentPremium 6 min read Share Via Read Full Story BENGALURU : E-commerce major Amazon.com Inc.’s India arm has been in the news after allegations of preferential treatment to two of its sellers and circumventing foreign direct investment (FDI) laws resurfaced. Amazon and rival Walmart-owned Flipk...