Page 22 - Press Note News Today

India is considering revising its rules for foreign direct investment in e-commerce, reportedly to prevent e-commerce marketplaces from having an indirect stake — through their parent companies — in the seller entities which sell products on the marketplaces. Reuters first reported this on Tuesday. The changes will come in through a press note — as the last restrictions in 2018 did — a spokesman from the Ministry of Commerce & Industry told the publication. Who will this impact? as it...

Govt to discuss proposed India e-commerce policy on Thursday SECTIONS Share Synopsis DPIIT will hold an interministerial consultation on the proposed e-commerce policy, which seeks to set up a regulator for the sector and protect the data generated by Indian consumers. ETBrandEquity Industry experts say the restrictions under consideration could require both Flipkart and Amazon to significantly restructure their businesses. New Delhi: The Department for Promotion of Industry and Internal Trade ...

We need to understand that FDI is not just a capital injection but package of technology and expertise, which is required to steer the Indian economy

Flipkart puts fresh foods platform plan in cold storage SECTIONS Share Synopsis The Flipkart management is said to be of the view that it will be difficult to drive traffic to, or exploit synergies with, its flagship e-commerce marketplace. Agencies The government, last year, rejected Flipkart’s foreign direct investment (FDI) application to set up Flipkart FarmerMart. Kolkata: Walmart Inc.-owned Flipkart is likely to suspend plans to set up a separate platform to sell food directly to consum...

Updated Jan 20, 2021 | 15:28 IST The Confederation of All India Traders (CAIT) has repeatedly complained to the government that e-commerce companies were violating FDI policy. Representational image&nbsp New Delhi: The Centre is likely introduce new foreign direct investment (FDI) rules for e-commerce companies to check entities set up by the online marketplaces from trading on their own platform. According to a report in the Economic Times, the Department for Promotion...

ETtech Morning Dispatch on 20 Jan. 2021: Top tech news to start your day SECTIONS Last Updated: Jan 20, 2021, 08:39 AM IST Share Synopsis From Tatas plans to infuse cash into BigBasket and 1mg to India mounting troubles for WhatsApp, Amazon and Walmart-Flipkart, heres a look at the tech news to start your day. ETtech Good morning, ETtech Reader, India wants WhatsApps privacy policy changes withdrawn. The Tata Group is close to announcing big investments in BigBasket and 1mg as part of an acquis...

Government planning tighter FDI rules for ecommerce sector SECTIONS Last Updated: Jan 19, 2021, 11:45 PM IST Share Synopsis The Department for Promotion of Industry and Internal Trade (DPIIT) may issue a clarification through a Press Note, expressly prohibiting e-commerce platforms from holding stake in a seller, directly or indirectly. Getty Images NEW DELHI:India is likely to tighten the foreign direct investment (FDI) rules for e-commerce to check companies set up by the online marketplaces ...

An e-commerce law that restricts the information that these companies can store, use, transfer, process and analyse is also on the agenda. Various ministries had raised concerns over the role of a regulator and protection of consumer data in the policy.

USTR names Snapdeal for selling counterfeit goods, company calls findings ‘ill informed’ Credit: Soumyarendra Barik Snapdeal has hit out at the United States Trade Representative (USTR) after being named in its latest report for allegedly selling counterfeit products on its platform. Calling the findings of the USTR report “ill informed”, in a press statement the company said that the report “reflects a poor understanding of the governing law in various jurisdictions, including...

DAP) 2020 has increased the indigenous content requirement in all categories of defence procurement. 10 The DAP 2020 has also proposed other measures to increase indigenisation such as increase in indigenous availability of high-end military materials, the use of indigenous software in equipment/systems and a boost to innovation by start-ups and Micro, Small and Medium Enterprises ( MSMEs). For a discussion on the changes introduced in the DAP 2020, please see our previous article, here.  Cha...