News for 'Department of Commerce'

Consumer protection agency sends notice to Ola, Uber

Consumer protection agency sends notice to Ola, Uber

Rediff.com21 May 2022

CCPA said the primary issues raised in the notices included 'deficiency in service'. This includes lack of proper response from customer support, driver refusing to take payment by online mode and insisting for cash only.

Govt tightens noose around e-tailers, 9 depts to monitor biz

Govt tightens noose around e-tailers, 9 depts to monitor biz

Rediff.com30 Jan 2015

Each dept could handle a designated area.

'My boss doesn't think I deserve a raise'

'My boss doesn't think I deserve a raise'

Rediff.com22 Sep 2022

HR Guru Mayank Rautela tells you what you can do when you face such a situation.

Govt rejects Walmart-Flipkart's bid to enter food retail sector

Govt rejects Walmart-Flipkart's bid to enter food retail sector

Rediff.com1 Jun 2020

The department for promotion of industry and internal trade has rejected Walmart-backed Flipkart's proposal seeking approval for entry to the food retail sector, citing a regulatory issue, an official said on Monday. The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India.

Indian exporters feel the heat of India-China tension

Indian exporters feel the heat of India-China tension

Rediff.com26 Jun 2020

The FIEO on Thursday reiterated that the Customs authorities at several ports in India had ordered a sudden examination of Chinese consignments without any official word from the government, and this may have led to the Chinese retribution.

Meet Alka Mittal, first woman to head ONGC

Meet Alka Mittal, first woman to head ONGC

Rediff.com4 Jan 2022

Alka Mittal has been appointed interim chairman and managing director of Oil and Natural Gas Corporation (ONGC) - the first woman to head the country's largest oil and gas producer. Mittal replaces Subhash Kumar, another interim head who retired after reaching superannuation age on December 31. "The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas for entrustment of additional charge of the post of chairman and managing director (CMD), ONGC to Alka Mittal, director (HR), ONGC for a period of six months with effect from January 1, 2022, or till the appointment of a regular incumbent to the post, or until further order, whichever is the earliest," the Department of Personnel and Training (DoPT) said in an order dated January 3, 2022.

India's clean app approach will boost its sovereignty: US

India's clean app approach will boost its sovereignty: US

Rediff.com1 Jul 2020

'We welcome India's ban on certain mobile apps that serves as an appendage of the CCP's surveillance State'

Art 370 gone, Google tax may come to J&K

Art 370 gone, Google tax may come to J&K

Rediff.com7 Aug 2019

Digital commerce operators advertising on global social media, which earlier did not pay Google tax on their operations in Jammu & Kashmir, may now have to cough it up at 6 per cent.

Cash-strapped Vodafone Idea gets nod for FDI up to Rs 15,000 crore

Cash-strapped Vodafone Idea gets nod for FDI up to Rs 15,000 crore

Rediff.com23 Jul 2021

Cash-strapped telco Vodafone Idea's proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the Union government, according to officials. A top-level group, comprising representatives from the ministries of home affairs, external affairs, finance and commerce and industry, took the decision. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue (AGR), reduce debts and use the money for operational expenses.

Centre waives off customs duty on oxygen, vaccines

Centre waives off customs duty on oxygen, vaccines

Rediff.com24 Apr 2021

This will boost availability of these items as well as make them cheaper, it said, adding that Modi also directed the revenue department to ensure seamless and quick custom clearance of such equipment.

E-com policy, data localisation figure in Indo-US trade talks

E-com policy, data localisation figure in Indo-US trade talks

Rediff.com6 May 2019

However, the countries did not take up the issue of proposed withdrawal of export incentives by the US to Indian exporters under Generalized System of Preference.

Nationwide protest planned against Walmart-Flipkart deal

Nationwide protest planned against Walmart-Flipkart deal

Rediff.com28 Jun 2018

Ever since the deal was announced of Walmart spending over $16 bn for a 77 per cent stake in Flipkart, the road to the takeover of India's biggest online marketplace has been quite bumpy

Can govt meet fiscal deficit targets? RBI has doubts

Can govt meet fiscal deficit targets? RBI has doubts

Rediff.com29 Dec 2021

The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP. While the net tax revenue rose from Rs 5,75,697 crore in October 2020 to Rs 10,53,135 crore till October 2021, a growth of 82.93 per cent annualized, total expenditure rose only by 9.95 per cent, led by infra spending to Rs 18,26,725 crore from Rs 16,61,454 crore during the same period, the RBI said in the financial stability report.

Coronavirus scare: Manufacturers, retailers flock to offices of ministries

Coronavirus scare: Manufacturers, retailers flock to offices of ministries

Rediff.com21 Feb 2020

From the rollback of customs duty on key electronic components to fast tracking delivery of goods imported from China, players are looking for incentives on several counts.

Start-up lay-offs accelerate on capital crunch worries

Start-up lay-offs accelerate on capital crunch worries

Rediff.com27 May 2022

Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.

Sebi didn't dilute NSE orders, acted as per remit: Tyagi

Sebi didn't dilute NSE orders, acted as per remit: Tyagi

Rediff.com2 Mar 2022

Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala Sitharaman, as per reports, recently said the government is examining if Sebi has taken "necessary punitive" action in the case. In a media interview, the FM had said the government was analysing if there had been "enough application of mind in dealing with this" and if after applying its mind, Sebi took adequate corrective steps.

Reliance Retail raises another Rs 5,512.5 crore

Reliance Retail raises another Rs 5,512.5 crore

Rediff.com6 Oct 2020

Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.

'Black day for Kashmir and the nation'

'Black day for Kashmir and the nation'

Rediff.com3 Jun 2022

'The people of Jammu and Kashmir are your own people. Do not use them as cannon fodder in your laboratory.'

US to probe India's 'Google tax'; levy non-discriminatory, says govt

US to probe India's 'Google tax'; levy non-discriminatory, says govt

Rediff.com4 Jun 2020

The US Trade Representative's (USTR) office will also conduct the Section 301 probe against nine others, including Austria, Brazil, Indonesia, Italy, Spain, Turkey, the Czech Republic, the UK, and the EU, for levying or considering digital services taxes "discriminating against US companies".

Tatas top bidder for Air India, but no govt nod yet

Tatas top bidder for Air India, but no govt nod yet

Rediff.com1 Oct 2021

Tata Sons has emerged as the top bidder for the takeover of debt-laden State-run airline Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah, sources said.

Gujarat again tops NITI's Export Preparedness Index

Gujarat again tops NITI's Export Preparedness Index

Rediff.com25 Mar 2022

Gujarat, for the second consecutive year, has topped the Niti Aayog's Export Preparedness Index 2021 which is aimed at assessing the readiness of the states in terms of their export potential and performance. Gujarat was followed by Maharashtra, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Punjab, Andhra Pradesh and Telengana, according to the government think tank's report. Union territories and states like Lakshadweep, Arunachal Pradesh, Mizoram, Ladakh and Meghalaya were placed at the bottom.

Why India's exports are likely to fly high in New Year

Why India's exports are likely to fly high in New Year

Rediff.com19 Dec 2021

After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.

Govt waives import duty on Remdesivir

Govt waives import duty on Remdesivir

Rediff.com20 Apr 2021

This import duty exemption would remain in force till October 31 this year.

Major boost for electronic giants, as SEZs clear local sourcing test

Major boost for electronic giants, as SEZs clear local sourcing test

Rediff.com27 Feb 2020

While 100 per cent FDI is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in.

K'taka clamps night curfew for 10 days from Dec 28

K'taka clamps night curfew for 10 days from Dec 28

Rediff.com26 Dec 2021

Amid fresh COVID-19 concerns, Karnataka government on Sunday decided to impose 'night curfew' for 10 days from December 28, between 10 PM and 5 am.

Biden administration comes under pressure to ship Covid vaccine to India

Biden administration comes under pressure to ship Covid vaccine to India

Rediff.com24 Apr 2021

The Joe Biden administration has come under intense pressure from various quarters, including the powerful US Chambers of Commerce, lawmakers and eminent Indian-Americans, to ship AstraZeneca and other Covid-19 vaccines along with several life-saving medical supplies to India, which is witnessing a deadly surge in coronavirus cases.

Modi Cabinet reshuffle: Who got what

Modi Cabinet reshuffle: Who got what

Rediff.com8 Jul 2021

Fifteen Cabinet ministers and 28 Ministers of State were sworn-in by President Ram Nath Kovind at a ceremony at Rashtrapati Bhavan on Wednesday evening.

Tamil Nadu announces 'total lockdown' from May 10 to 24

Tamil Nadu announces 'total lockdown' from May 10 to 24

Rediff.com8 May 2021

With Tamil Nadu witnessing a sharp increase in the covid-19 cases, the government on Saturday announced clamping a two-week 'total lockdown' across the state to curb the spread of the pandemic.

Why Budget proposal on digital tax may land in court

Why Budget proposal on digital tax may land in court

Rediff.com19 Feb 2021

The central government's clarification on the 2 per cent equalisation levy on foreign digital operators in the Budget, which considerably expands the scope of the levy, might be challenged in court, with several companies contemplating filing a writ petition in the coming few weeks. The writs might be filed on the grounds of the levy's alleged extra-territorial overreach, as it aims to cover those entities that do not have a physical presence in India, going against international taxation rules.

Sitharaman has some good news for 'honest taxpayers'

Sitharaman has some good news for 'honest taxpayers'

Rediff.com7 Jan 2020

In a bid to curb harassment of taxpayers, Sitharaman said, a faceless e-assessment scheme was launched in October to eliminate interface between an assessing officer and a taxpayer.

E-com norms will affect Netflix, Hotstar, Amazon Prime

E-com norms will affect Netflix, Hotstar, Amazon Prime

Rediff.com27 Mar 2019

At the heart of the issue is the way e-commerce is defined in the current draft policy.

Gujarat provides best ecosystem for start-ups

Gujarat provides best ecosystem for start-ups

Rediff.com11 Sep 2020

Commerce and Industry Minister Piyush Goyal urged start-ups to focus on three Ps - product, process, people - for building Aatmnirbhar Bharat.

Kachori seller earning Rs 60 lakh a yr gets tax notice

Kachori seller earning Rs 60 lakh a yr gets tax notice

Rediff.com25 Jun 2019

On May 20, more than half dozen officials from Commercial Tax Department raided Kumar's shop which had been running for the past several years.

There Is More To India Than Delhi Or Gujarat!

There Is More To India Than Delhi Or Gujarat!

Rediff.com2 Jun 2022

The Modi government has to embrace the history of Tamil conquests in South East Asia and stop obsessing about Babar/Humayun, argues Colonel Anil A Athale (retd).

Traders threaten to take e-com players to court, if...

Traders threaten to take e-com players to court, if...

Rediff.com15 Feb 2019

Going ahead with its festive sales as per schedule, companies such as Flipkart, Jabong, and Myntra are having week-long Valentines' Day sales, offering discounts of as much as 80 per cent. Amazon India is also offering discounts of almost 40 per cent.

Why Amit Mitra is important to Mamata

Why Amit Mitra is important to Mamata

Rediff.com27 Nov 2021

No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.

A Last Christmas for Santha Bakery

A Last Christmas for Santha Bakery

Rediff.com27 Oct 2022

December 2022 could be the last Christmas for Santha Bakery, a business drawing its lineage from the first Christmas cake baked in Kerala.

How Walmart, Amazon plan to counter govt's e-com move

How Walmart, Amazon plan to counter govt's e-com move

Rediff.com5 Feb 2019

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.

Biden reiterates US support for India's permanent seat in UNSC

Biden reiterates US support for India's permanent seat in UNSC

Rediff.com25 Sep 2021

Biden has reiterated America's support for India's permanent membership on a reformed UNSC and its entry into the NSG during his first in-person bilateral meeting with Modi at the White House.