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Although the current FDI policy permits foreign players to hold 51 per cent stake in an Indian company, BJP had opposed foreign investment in this segment in its election manifesto.
The Commerce ministry is also planning to expand the initiative in the long run. As per Sitharaman, the ministry wants to make government procurement more comprehensive and transparent.
Due to the continuous reforms and initiatives being undertaken by the government, the FDI equity inflow has recorded a growth of 44 per cent in its 21 months tenure (June 2014 to February 2016).
Government to provide exit policy, easier registration norms and visible tax regime that will motivate start-ups.
Betting big on the e-commerce industry,Commerce and Industry Minister Nirmala Sitharaman discussed various issues related to foreign direct investment (FDI) in the online-commerce sector with several stakeholders, including Flipkart, Snapdeal and industry
Parliament was informed about CCI receiving complaints against e-tailers involved in unfair trade practices through online schemes and offers.
Global e-commerce giant, eBay India’s Managing Director, Latif Nathani met Commerce and Industry Minister Nirmala Sitharaman to discuss the growth opportunities prospects of the $ 3 billion Indian eCommerce industry, says a PTI report.
CCI has received a complaint against online retailers including e-commerce major Flipkart for alleged unfair business practices and will soon take a call on probing the matter.
Government has said that positive impact of new reforms should be reflected in the next year's ranking, says a PTI report.
India today said that it is conscious not to allow e-commerce to become an avenue for foreign direct investment (FDI) in the much sought-after multi-brand retail sector, according to a report in PTI.
Union Commerce and Industries Minister Nirmala Sitharaman today said there was no inquiry into complaints against e-commerce giant Flipkart of predatory prices of goods and unfair trade practices during its recent 'big billion day sale', says a PTI repo