Page 10 - Dpiit

Govt proposes two dates for e-commerce cos on displaying country of origin

E-commerce firms ask govt at least 3-5 months to be able to keep technology platform ready to enable sellers to display country of origin for new and old listings

DPIIT may discuss 'country of origin' tag for e-sale with Consumer Ministry

The sources said the matter involves certain changes related to packaging of the product "the DPIIT would discuss the issue with the consumer affairs ministry".

E-commerce firms begin work to list 'country of origin' labels on products

DPIIT, which hosted an online meeting of e-commerce players on Wednesday, wanted the changes to be implemented by the end of July

3 agencies qualify tech round for assisting DPIIT in start up initiatives

Three consultancy agencies - PricewaterhouseCoopers, Ernst & Young, and KPMG Advisory, have qualified the technical evaluation round for assisting the Department for Promotion of Industry and Internal Trade (DPIIT) in effective and on ground implementation of initiatives for startups. In March, the department had invited a request for proposal (RFP) for the appointment of a consulting agency for Startup India, following which four consultancy firms bid. According to the minutes of a meeting that was held on June 26 to evaluate the preliminary proposals, these three firms have scored more than 60 marks and are found to be technically qualified. The evaluation committee, Chaired by DPIIT Joint Secretary Anil Agrawal, has "decided to open financial bids for all the qualified applicants on July 6". The minutes stated that Grant Thornton India LLP has failed to obtain minimum marks for technical qualification and "hence disqualified for the opening of its financial bid". The ...

E-comm firms to meet govt over mentioning 'country of origin' on July 8

A company source has stated there was no disconnect with the idea, but the firms have to check with their technology teams to figure out how long it will take to get this done

US firms look for stable policy to make India hub: USISPF's Mukesh Aghi

While the forum is advocating India not just as a preferred market but also as an export hub, many member firms have raised concerns about sudden policy changes impacting inbound global investments.

E-commerce firms ready to comply on 'country of origin' after DPIIT meeting

The companies have been told to come back for the next meeting in about two weeks and provide suggestions and provide information about the challenges they may face to implement the said feature

Draft e-commerce policy soon, to be stricter on data norms and discount

Pricing - a prime complaint of domestic retailers - is set to be the focus, with the government considering an annual review of discounts given by e-marketplaces.

Govt wants 'origin of products' displayed, calls e-commerce firms for meet

This follows the Government e-Marketplace (GeM) platform making it mandatory for its listed sellers to specify the country of origin while registering all new products on the portal

Blocking Chinese funding will adversely impact Indian start-ups: GlobalData

GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.

Eveready betting on anti-China wave to boost flashlights business

A recent survey conducted by LocalCircles showed that 58% of respondents are willing to boycott Chinese firms while 42% want heavy import duties on Chinese goods to discourage their influx

Economic setback temporary; Gujarat will be back on track in 6 months: CM

In times like this, our prime aim should be to work for the betterment of the people irrespective of our political differences, Rupani said

Govt allows startups to issue sweat equity for 10 years after registration

Industry experts expect the move to help startups in terms of enhancing their ability to incentivise personnel and retain talent

FDI from Cayman Islands to India jumps three-fold to $3.7 bn in 2019-20

India had received FDI worth $1 billion in 2018-19 and $1.23 billion in 2017-18 from the Cayman Islands, which is UK Overseas Territory

After mobile phone devices, phased manufacturing push for AC makers

Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.

Cayman Islands now India's 10th largest source of foreign direct investment

Inflows have gone up from tax havens; corporate tax dodging worries DPIIT

Will place draft e-comm policy in public domain to seek views: DPIIT Secy

DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years

Govt considering easing tax rules to promote start-ups, says official

Talking about the host of measures on which they are working, Mohapatra said the DPIIT will be extending more funds this year to startups under the Fund of Funds scheme

Punjab approves reforms to avail additional borrowing of 1.5% of GSDP

The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal

10 targets that states need to achieve to avail extra borrowing

These targets are under four categories, namely, One-Nation-One-Ration Card, ease of doing business, power sector reforms and urban local body reforms