The government has tightened guidelines for FDI in e-commerce market places, barring players, including Amazon and Flipkart, from selling exclusive-only products on their platform.
The ongoing no-question-asked return policy adopted by the eCommerce fraternity has caused a lot of hiccups and led to higher operational costs for sellers on the marketplace as they have to bear for the return shipping expenses.
Commerce and Industry Minister Nirmala Sitharaman has said the government is fully committed to creating business- friendly environment to boost the manufacturing sector which will push India to a higher growth trajectory, says a PTI report.
The government has disclosed confidential file notings related to setting up of Justice Mukul Mudgal panel that probed alleged lobbying activities by retail major Walmart in India.
Diesel prices are likely to be completely deregulated over the next 12 months as monthly increase in rates bridge the gap between cost and retail price, rating agency Moody's said on July 2.
The Manmohan Singh government has finally given its nod for the relaxation on the existing 51 per cent FDI in single brand retail, increasing it to a much awaited 100 per cent.