by PTI News | Mar 15, 2022 | 9:36 pm | Economy, News
New Delhi, Mar 15 (PTI) With rising growth in online trade, Consumer Affairs Secretary Rohit Kumar Singh on Tuesday stressed that there should not be a situation of monopoly by large e-commerce players like Amazon and Flipkart, and there is a need to prepare a new framework to protect consumers as well as small retailers. [...]
by PTI News | Mar 15, 2022 | 9:25 pm | Economy, News
Mumbai, Mar 15 (PTI) Rating agencies have opined that the new regulatory regime for microfinanciers, wherein the cap on interest they could charge on borrowers has been freed up, will bring in the industry under regulatory coverage but will lead to increased credit cost for borrowers. The Reserve Bank on Monday issued master directions on [...]
by PTI News | Mar 15, 2022 | 8:54 pm | Economy, News
New Delhi, Mar 15 (PTI) The commerce ministry on Tuesday said it has decided to operationalise a new online module for filing of electronic registration for interest equalisation scheme for exporters, a move aimed at effective monitoring of the scheme. On March 9, the RBI extended the scheme for pre- and post-shipment rupee credit for [...]
by PTI News | Mar 15, 2022 | 8:32 pm | Economy, News
Hyderabad, March 15 (PTI): The government's 'Atmanirbhar Bharat' initiative is not a closed economy but it's being globally competitive, NITI Aayog Vice-Chairman Rajiv Kumar said on Tuesday as he stressed the need for building trust between the private investor, the government, the academia and the civil society. Self-reliance is not the same thing as self-sufficiency, [...]
by PTI News | Mar 15, 2022 | 8:09 pm | Economy, News
New Delhi, Mar 15 (PTI) Tata Power Delhi Distribution has partnered with Battery Smart for setting up battery swap stations for two and three-wheeler electric vehicles at various locations in the city. "Tata Power Delhi Distribution Ltd, one of India's leading power distribution utility serving a populace of seven million in north Delhi announced partnership [...]
by PTI News | Mar 15, 2022 | 7:52 pm | Economy, News
London, Mar 15 (PTI) The UK government on Tuesday announced a ban on exports to Russia of high-end luxury goods and imposed new import tariffs on key Russian products like vodka as part of a latest wave of economic sanctions in response to the Russia-Ukraine conflict, including restrictions on 370 more Russian and Belarussian individuals. [...]
by PTI News | Mar 15, 2022 | 7:45 pm | Economy, News
New Delhi, Mar 15 (PTI) The government has achieved goals such as higher revenue collection, widening of tax net as well as curbing terror funding post the demonetisation of Rs 500 and Rs 1,000 bank notes in November 2016, Minister of State for Finance Pankaj Chaudhary said on Tuesday. The government had cancelled the legal [...]
by PTI News | Mar 15, 2022 | 7:45 pm | Commodities, Economy, News
New Delhi, Mar 15 (PTI) After staying above USD 100 per barrel for two weeks, international oil prices fell to USD 99.84 on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material. Brent crude oil prices, which soared past USD [...]
by PTI News | Mar 15, 2022 | 7:17 pm | Economy, News
New Delhi, Mar 15 (PTI) India's largest traders' association CAIT on Tuesday said a few multinational e-commerce giants with a heavy arsenal of funding are attempting to flout foreign investment guidelines for the sector and demanded strict enforcement action. Releasing a whitepaper on the e-commerce policy, the Confederation of All India Traders (CAIT) said e-commerce [...]
by PTI News | Mar 15, 2022 | 7:16 pm | Economy, News
New Delhi, Mar 15 (PTI) Sales of affordable quality generic medicines under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) stood at Rs 814.21 crore in the ongoing fiscal, leading to an estimated savings of about Rs 4,800 crore to the citizens, Chemicals and Fertilisers Minister Mansukh Mandaviya informed Rajya Sabha on Tuesday.In a statement laid [...]
