'China can't stop any company from relocating to India.'
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.
Outfits related to labour and agriculture critical of policies, say their voices are not being heard. Archis Mohan reports.
People took to the streets in New Delhi, Mumbai, Ahmedabad, Jammu, Bhopal, Patna and other cities and set fire to the Chinese flag and photos of the neighbouring country's President Xi Jinping. Protesters urged the Modi government to ensure that martyrdom of the soldiers in the Galwan Valley did not go in vain.
In two months, as many as 25 complaints have been sent to Enforcement Directorate, Competition Commission of India, Reserve Bank of India and income tax department, beside various state agencies, to thwart the deal.
Swadeshi Jagran Manch on Sunday targeted MNCs.
'Everybody was ready to agree with the government if the process to acquire land was a judicious one. All of us want industrialisation and development of the country.'
For months, offline retailers and traders have been lobbying hard for a national retail policy to protect their business from the growing influx of e-commerce.
The Tata group has begun its second innings with Air India from a war zone. Being first up in Operation Ganga to evacuate Indian nationals from Ukraine, the salt-to-software conglomerate has faced a real war. But the fire-fighting that the group experienced in appointing a chief executive officer (CEO) for the airline that it acquired from the government in a Rs 18,000-crore deal recently may have felt no less.
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
Tiktok and Helo in a joint statement said they have plans to invest $1 billion over the period of next three years to develop technology infrastructure and owns responsibility of local community.
'Life will not improve overnight; it will happen in a gradual manner.'
Swadeshi Jagran will be leading the delegation on a multi-city tour, expected to start on September 21. The week-long trip will include meetings with industry bodies and government agencies.
BJP would observe the next 10 days -- from Sunday to September 17, the birthday of the PM -- as 'seva parva'.
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.
The groups, including those associated with the ruling Bharatiya Janata Party's parent organisation the Rashtriya Swayamsevak Sangh, have also threatened a big nationwide agitation if growth of illegal GM crops isn't checked.
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
GST would make compliance easier for big businesses, but hurt small scale industries., says SJM
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
An official said that people in the government were aware of the benefits as well as the drawbacks of issuing overseas sovereign bonds, and there will be consultations with all stakeholders.
The final policy may be out only after formation of the new government, according to sources
Tamil Nadu, Telangana, Maharashtra, West Bengal and Gujarat are alarmed by the rising use of the app in smaller towns and hinterland, where it is increasingly being used for spreading hate messages and child pornography.
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.
'Keeping Kashmir out of the informal summit does not mean that they have given up their strategic interest.'
'In the course of my interactions with him, Modi insisted that he does not believe charisma alone can sustain people's trust for long.' 'That is why Modi consistently refers to Mahatma Gandhi to contextualise his politics.' 'He believes in taking his ideas to the masses and getting their acceptance as an index of approval.'
A revealing excerpt from Ajay Singh's The Architect of the New BJP: How Narendra Modi Transformed the Party.
The company has set an internal target of 6-18 months to set up the data centre. The plan is part of the $1 billion ByteDance has recently committed to the Indian market over the next three years.
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 video, produced by Xinhua, China's official news agency, ridicules India and Indians, and has poorly spelt subtitles and racial stereotypes.
While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion
In a resolution passed at its national assembly in Haridwar, the SJM said the Modi government's proposed strategic divestment of PSEs was an "imprudent business decision" and "against national interest".
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
If Manmohan Singh was hobbled by allegations of sleaze and a stagnant economy, Modi faces the twin challenges of high unemployment and an uncertain and potentially volatile situation in Kashmir, points out Amulya Ganguli.
Whether it took the corona crisis to bring about the transformation, or otherwise, the change ought to be welcome, notes Virendra Kapoor.
'Modi has not lacked courage in the political sphere. It is time he showed it in the economic sphere as well.' 'To do this, he needs to shed the simple-minded nostrums about economic growth and swadeshi that he learnt in the Sangh Parivar,' suggests Virendra Kapoor.
Reserve Bank of India Deputy Governor Viral Acharya is the eighth economist to quit since the Modi government took office.
Modi government is pushing GM food crops without adequate safety assessment and transparency, claim activists.
'If credit is not available, people will postpone buying. That's what has happened.'
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
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