Many traders say that after demonetisation cash in the market has drastically reduced
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
The development comes after a recent notification from the Union home ministry, which has permitted companies to resume manufacturing operations and reopening of shops in red, green and orange zones with certain riders.
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
The banned apps include Baidu, Baidu Express Edition, Tencent Watchlist, FaceU, WeChat Reading and Tencent Weiyun, besides PUBG Mobile and PUBG Mobile Lite, according to an official statement.
Retailers claim online firms' predatory pricing strategy disrupting business
It is still "discounts" that e-commerce players have to rely on to bring in customers, though they might claim otherwise.
'In the last 4, 5 years, ever since online companies started online shopping in a big way with heavy discounts, our sales are affected badly.' 'As there is no control over the way the online companies operate, they were able to destroy the domestic retail market to a great extent.'
Smaller Singapore- and US-based venture capital funds, retail associations and trader bodies such as the CAIT and SJM are all planning to approach the government to put pressure on the commerce ministry.
In 50 days, 60% of the work force was let off in retail, agri, textile and other sectors.
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
It has the potential to burnish his image as a strong leader, bring down inflation and could turn out to be common man-friendly.
'Walmart will source globally and more from China and will dump these cheap goods in India, making our country a dumping yard.'
According to sources, all private offices will work from home and only government offices and essential services will be open.
Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.
The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.
The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
'The trading community will be a priority for Modi when he forms the next government.'
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
The Cabinet approval would help more than 200 fashion and apparel brands who are lined up to enter India, including international labels such as Avva, Colin's, Damat, Tudba Deri and Dufy
Union minister Ram Vilas Paswan appealed to people to boycott products from China and also directed officials of his ministry not to procure any Chinese products for day-to-day office use while his ministerial colleague Ramdas Athawale said all restaurants and hotels that sell Chinese food in India should be closed down.
The government is going all out to spread awareness about the new indirect tax regime, and training lawmakers is being seen as a necessary first step.
'The August phenomenon of decline in sales occurs every year.' 'What they have done cleverly is, using the economic slowdown as an excuse, they want a package from the government to compensate the expenditure they will incur while converting BS4 to BS6.' 'That's why they are making a hue and cry.'
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Traders were up in arms, fearing huge job loss if Walmart was to enter.
Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules.
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
E-vyapar.com to help small businesses manage inventory & accounts online.
'It has been a phenomenal effort at all levels of the government.' 'People were working 15-16 hour shifts in the central government, in the state governments, in the districts....'
'The BJP certainly has an edge as the BJP has gone ahead of the Congress in pleasing the trading community.'
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
"Not a single step has been taken by this government to empower small businesses in India," says Praveen Khandelwal, national secretary general of the Confederation of All India Traders and former treasurer of the Bharatiya Janata Party's Delhi unit.
Precious ornaments are estimated to become 3% costlier under GST
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
Union Environment Minister Harsh Vardhan welcomed the apex court's order and urged people to abide by the SC guidelines and 'give green Diwali and our environment a chance'
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