News for 'Union Commerce'

Will rebels upset Mahayuti, MVA poll plans in Maha?

Will rebels upset Mahayuti, MVA poll plans in Maha?

Rediff.com29 Oct 2024

Among the BJP rebels, a notable figure is Gopal Shetty, a two-time MLA and former Lok Sabha member from Mumbai. He has filed his nomination as an independent candidate against the party's official nominee, Sanjay Upadhyay, in Mumbai's Borivali assembly constituency.

2018's top 20 commerce colleges

2018's top 20 commerce colleges

Rediff.com31 May 2018

India Today's annual list ranks the top 100 colleges in the country.

'Employers Don't Care If Employees Live Or Die'

'Employers Don't Care If Employees Live Or Die'

Rediff.com20 Jan 2025

'They sell such ideas in the name of 'national interest'.' 'What national interest are they talking about?' 'There is no national interest in this. The only interest that is there is their profit.'

No Digital Data Protection Act Change Likely

No Digital Data Protection Act Change Likely

Rediff.com7 Apr 2025

The "construct of the DPDP Act" cannot be changed at this stage, though there may be some minor tweaks in the language of the Rules and formats in certain legitimate cases.

After 3 years, a bureaucrat to head Sebi

After 3 years, a bureaucrat to head Sebi

Rediff.com28 Feb 2025

Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.

Modi, Vance welcome progress on Indo-US bilateral trade pact

Modi, Vance welcome progress on Indo-US bilateral trade pact

Rediff.com22 Apr 2025

Prime Minister Narendra Modi and US Vice President JD Vance have expressed satisfaction with the progress made in negotiations for a bilateral trade agreement. The two leaders met in New Delhi and discussed a range of bilateral issues, including cooperation in energy, defense, strategic technologies, and other areas. They also exchanged views on regional and global issues of mutual interest.

Govt to set up e-comm hubs to promote exports

Govt to set up e-comm hubs to promote exports

Rediff.com23 Jul 2024

The government on Tuesday announced setting up of hubs to promote exports through e-commerce medium in public-private-partnership (PPP) mode and initially 10-15 hubs will be established. Finance Minister Nirmala Sitharaman said that these hubs, under a seamless regulatory and logistic framework, will facilitate trade and export-related services under one roof. "To enable MSMEs (micro, small and medium enterprises) and traditional artisans to sell their products in international markets, e-commerce export hubs will be set up in PPP mode," she said.

Online vs offline retail: Industry divided over Piyush Goyal's comments

Online vs offline retail: Industry divided over Piyush Goyal's comments

Rediff.com22 Aug 2024

Union Minister of Commerce and Industry Piyush Goyal's recent comments on large e-commerce players have reignited the debate about their impact on smaller offline retailers. On Wednesday, Goyal said that the rapid growth of e-commerce in India is a "cause for concern" and is diminishing the market share of small, mom-and-pop stores by offering high-margin products such as consumer electronics and apparel at discounted rates.

Meet Nirmalaji's Budget Team

Meet Nirmalaji's Budget Team

Rediff.com30 Jan 2025

This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.

History in Minutes: The Meerut Conspiracy Case

History in Minutes: The Meerut Conspiracy Case

Rediff.com18 Mar 2025

The Meerut Conspiracy Case was aimed at curbing communist influence in India. However, it fueled nationwide sympathy, shaping the course of leftist politics in the country.

'Zero-For-Zero Tariff Is Best Medicine For India'

'Zero-For-Zero Tariff Is Best Medicine For India'

Rediff.com21 Apr 2025

'No retaliatory tariffs now. You can retaliate after a few months.' 'Today, there is no need to retaliate because it is a question of long term benefits.'

Decision soon on whether to fight Jharkhand poll alone: Chirag Paswan

Decision soon on whether to fight Jharkhand poll alone: Chirag Paswan

Rediff.com7 Oct 2024

Union minister Chirag Paswan on Monday said his Lok Janshakti Party-Ram Vilas wants to fight the assembly election in Jharkhand and a final decision will be taken soon on whether it would contest under the National Democratic Alliance (NDA) or alone.

Uproar in LS over TMC MP's remarks against Scindia

Uproar in LS over TMC MP's remarks against Scindia

Rediff.com11 Dec 2024

"Mr Kalyan Banerjee rose in this House and said sorry. But I will say that we all come to this House with the spirit of contribution to the nation's development...but we also come with a sense of self respect.

Haryana removes barricades at Shambhu border after farmers' eviction

Haryana removes barricades at Shambhu border after farmers' eviction

Rediff.com20 Mar 2025

Following the eviction of protesting farmers from the Shambhu border, Haryana security personnel began removing cemented barricades erected to prevent Punjab farmers from reaching Delhi. The Shambhu-Ambala road, closed for over a year, is being cleared with JCBs and other machinery. Meanwhile, the Samyukta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha announced dharnas outside deputy commissioners' offices in protest against the Punjab Police crackdown. The groups criticized the Aam Aadmi Party (AAP) government in Punjab for evicting the protesters and detaining farmer leaders on Wednesday. The police action was justified by Punjab Finance Minister Harpal Singh Cheema, who said industries and businesses were hit hard due to the prolonged closure of the highways. The protesting farmers, led by the Samyukta Kisan Morcha and the Kisan Mazdoor Morcha, had been camping at the Shambhu and Khanauri border points since February 13, 2022.

Govt to undertake comprehensive review of Income Tax Act: FM

Govt to undertake comprehensive review of Income Tax Act: FM

Rediff.com23 Jul 2024

The government on Tuesday announced that it will undertake a comprehensive review of the Income Tax Act to make it easy to read. Presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman also said the government will come out with SoP (standard operating procedure) for TDS defaults and simplify and rationalise compounding of such offences.

What's Raksha Mantri Doing In Memphis?

What's Raksha Mantri Doing In Memphis?

Rediff.com26 Aug 2024

Defence Minister Rajnath Singh and Minister of State Dr Jitendra Singh take the India-US defence relationship forward.

870 Mn Accessed Internet In Indian Languages

870 Mn Accessed Internet In Indian Languages

Rediff.com17 Jan 2025

Among urban users, 57 per cent mentioned a preference for accessing Internet content in vernacular languages.

Amazon India creates 110K seasonal jobs ahead of festivals

Amazon India creates 110K seasonal jobs ahead of festivals

Rediff.com14 Sep 2024

E-commerce firm Amazon India has announced the creation of over 110,000 seasonal job opportunities across its operations network as it prepares to serve millions of customers throughout India during the upcoming festival season. These positions include both direct and indirect roles in cities such as Mumbai, Delhi, Pune, Bengaluru, Hyderabad, Kolkata, Lucknow, and Chennai, among others. Notably, Amazon has hired thousands of women and nearly 1,900 individuals with disabilities into its existing network.

Modi flags challenges in the fast growing cross-border e-com

Modi flags challenges in the fast growing cross-border e-com

Rediff.com24 Aug 2023

Prime Minister Narendra Modi on Thursday suggested the G20 trade ministers to work collectively to ensure equitable competition between large and small sellers as there are challenges in the fast growing cross-border e-commerce. In a video message at the G20 Trade and Investment Minister's meeting here, he also emphasised on the need to address the problems faced by consumers in fair price discovery and grievance handling mechanisms. "Digitising processes and use of e-commerce have the potential to enhance market access. "I am glad that your group is working on the 'High Level Principles for the Digitalization of Trade Documents'. These principles can help countries in implementing cross-border electronic trade measures, and reduce compliance burdens.

Meet Delhi's new cabinet: A diverse power mix

Meet Delhi's new cabinet: A diverse power mix

Rediff.com20 Feb 2025

The cabinet of the new government led by Rekha Gupta balances representation of all major communities that propelled the Bharatiya Janata Party to power in Delhi with a massive majority after over 26 years.

All The Muslim Union Ministers

All The Muslim Union Ministers

Rediff.com19 Jul 2022

It is for the first time in the history of Independent India that not a single Muslim is part of the Union Cabinet.

Reciprocal tariffs against India from April 2: Trump

Reciprocal tariffs against India from April 2: Trump

Rediff.com5 Mar 2025

Trump has made it clear to Prime Minister Modi that India will not be spared from Washington's reciprocal tariffs and emphasised that "nobody can argue with me" on tariff structure.

Fadnavis's PA, turncoats in Maha BJP's third list

Fadnavis's PA, turncoats in Maha BJP's third list

Rediff.com28 Oct 2024

Jitesh Antapurkar, who won a bypoll in 2021 on a Congress ticket and is considered close to former chief minister Ashok Chavan, has been nominated from Deglur.

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Centre to revise SEZ Act, limiting tax sops and enhancing integration

Rediff.com16 Nov 2023

The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.

Why Tharoor Gives The Congress A Headache

Why Tharoor Gives The Congress A Headache

Rediff.com24 Feb 2025

The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.

Govt withdraws equalisation levy of 2%: FinMin

Govt withdraws equalisation levy of 2%: FinMin

Rediff.com23 Jul 2024

The government on Tuesday announced withdrawal of the 2 per cent equalisation levy or digital tax on overseas e-commerce supplies.

'Would like to move on': Annapoorna Hotel on owner's video with FinMin

'Would like to move on': Annapoorna Hotel on owner's video with FinMin

Rediff.com15 Sep 2024

Sri Annapoorna Hotel on Saturday appealed to the people to put to rest unnecessary assumptions and political misunderstanding after a video of its owner apologising to Union Finance Minister Nirmala Sitharaman over his remarks on Goods and Services Tax (GST) went viral on September 13.

India's gig economy may add 90 mn jobs, contribute 1.25% to GDP

India's gig economy may add 90 mn jobs, contribute 1.25% to GDP

Rediff.com29 Nov 2024

The gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by the end of 2024, according to a white paper by The Forum for Progressive Gig Workers. Estimates suggest the gig economy has the potential to create 90 million jobs and add 1.25 per cent to India's GDP (gross domestic product) over time.

Traders step up demand for e-commerce policy

Traders step up demand for e-commerce policy

Rediff.com18 Dec 2018

Retailers claim online firms' predatory pricing strategy disrupting business

Key decisions taken at the 55th GST Council meet

Key decisions taken at the 55th GST Council meet

Rediff.com21 Dec 2024

The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.

Will Dharmendra Pradhan Be Next BJP President?

Will Dharmendra Pradhan Be Next BJP President?

Rediff.com21 Oct 2024

Mr Pradhan's understanding of realpolitik and organisational dynamics makes him the ultimate party man, notes Aditi Phadnis.

Art 370 fueled separatism in J-K, Modi govt ended terrorism: Amit Shah

Art 370 fueled separatism in J-K, Modi govt ended terrorism: Amit Shah

Rediff.com3 Jan 2025

Union Home Minister Amit Shah asserted that the abrogation of Article 370 in 2019 was crucial in ending terrorism in Kashmir. He stated that the provision fostered separatism among Kashmiri youth and impeded the region's full integration into India. Shah also highlighted the development initiatives undertaken in Jammu and Kashmir post-Article 370, including a reduction in terrorism, successful local body elections, and an increase in tourism and film production. He emphasized the significance of writing India's history with facts and evidence, countering narratives that had obscured the country's rich heritage.

Phase 3: Fate of Shah, Scindia among 1300 candidates to be sealed on Tuesday

Phase 3: Fate of Shah, Scindia among 1300 candidates to be sealed on Tuesday

Rediff.com6 May 2024

Among the bigwigs are Union ministers Amit Shah (Gandhinagar), Jyotiraditya Scindia (Guna), Mansukh Mandaviya (Porbandar), Parshottam Rupala (Rajkot), Pralhad Joshi (Dharwad) and SP Singh Baghel (Agra).

Revamped SEZ law unlikely before the upcoming Lok Sabha elections

Revamped SEZ law unlikely before the upcoming Lok Sabha elections

Rediff.com24 Feb 2024

The revamped Special Economic Zone (SEZ) law is unlikely to see the light of the day before the upcoming Lok Sabha elections, two people aware of the matter said. The commerce department had sought the Union Cabinet's nod to bring amendments to the existing SEZ Act, 2005 late last year. The plan, thereafter, was to introduce the Bill in the winter session of Parliament. Cabinet's approval remains pending.

Where Would India Be Without Dr Singh?

Where Would India Be Without Dr Singh?

Rediff.com27 Dec 2024

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.

Govt forms cabinet committees on security, economic affairs; includes allies

Govt forms cabinet committees on security, economic affairs; includes allies

Rediff.com3 Jul 2024

The members of the cabinet committees included Union ministers from the Bharatiya Janata Party and its National Democratic Alliance partners like Janata Dal-United, Telugu Desam Party, Janata Dal-Secular, Shiv Sena and Lok Janshakti Party-Ram Vilas.

Agri minister appeals farmer unions to end protest

Agri minister appeals farmer unions to end protest

Rediff.com8 Jul 2021

The agriculture minister said the government's constant efforts are aimed at making farmers prosperous by increasing their income.

Jitin Prasada, BJP's Brahmin face in UP, returns to Centre

Jitin Prasada, BJP's Brahmin face in UP, returns to Centre

Rediff.com10 Jun 2024

Jitin Prasada was once considered as among Rahul Gandhi's 'young Turks' and was a minister in successive Manmohan Singh governments but defected from the Congress to the BJP in 2021, where he has again established himself as a prominent Brahmin face of Uttar Pradesh.

Why Are Bengaluru IT Workers Protesting?

Why Are Bengaluru IT Workers Protesting?

Rediff.com5 Aug 2024

'The overwhelming evidence from various studies and reports indicates that the current work culture in the IT sector, characterised by excessive hours, has severe consequences for health, productivity, and overall quality of life.'

Despite import cuts, govt seeks smooth supply of laptops

Despite import cuts, govt seeks smooth supply of laptops

Rediff.com25 Nov 2024

As the Union government explores ways to restrict import of laptops and other electronic devices starting with a 5 per cent reduction from the current level, it is working to ensure that there's no supply disruption in India even if an import cap is introduced, it is learnt. The caveat assumes significance in the context of the government's announcement of its plan in August 2023 to issue licences for import of select IT hardware products to reduce the country's dependence on China.