As Amazon India, Flipkart are forced to shut down 60 categories and push out 45 mn products, a new lobby group comprising sellers is in the making to take up e-com concerns.
According to official statistics, half of India's GDP comes from as many as 420 million workers in the unorganised sector including street vendors, rickshaw pullers, construction workers, rag pickers, agricultural workers, among others. This massive workforce remains outside the purview of the formal banking and insurance industries.
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
The revival of the phytosanitary protocol with China is expected to boost tobacco exports to China and prove economically beneficial to Indian farmers.
It is developing ash parks at Varanasi, Raipur, Pune and Cuttack, to make it available to ash-based product manufacturing units at these centres. It recently signed an agreement with NHAI for supply of ash for use in road construction.
Centre has already started work on developing a mechanism to ensure states producing any item in excess is able to transport it to other states where there is demand
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
Commerce and Industry Minister Suresh Prabhu is slated to meet senior executives of Apple on the sidelines of the World Economic Forum in Davos later this month.
Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.
Aiming to push India into the list of the top 10 agri export nations, the policy has been backed by the Prime Minister's Office
The expansion in total new orders was supported by greater sales to international markets
The G20 chair has suggested three areas for the talks in Argentina - the future of work, infrastructure for development and a sustainable food future, areas where India has a lot at stake.
Modi will have limited choice other than stressing upon a request for more time to decide on tariff rates, especially with elections in 2019.
For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
'Curbs will again lead to the grey market developing, undoing all the work done over the last two-and-a-half years.'
The US side had pushed for removal of price caps on medical equipment such as coronary stents and a commitment by India to reduce trade imbalance
Export trade during August 2018 recorded at $27.84 billion, a positive growth of 19.21 per cent, tweeted Prabhu.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
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