FDI: Industry bodies disagree on whether India needs new rules for FDI in e-commerce indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Govt explains why Koo app has Chinese investment
Koo app was shortlisted as an awardee for AatmaNirbhar App Innovation Challenge under the social media category as it was an eligible participant to be classified as domestic company as per the extant FDI policy.
BusinessToday.In | March 17, 2021 | Updated 22:16 IST
Koo app was developed by an Indian IT company prior to the notification by DPIIT.
The government on Wednesday said that Chinese investment in microblogging app Koo was as per the existing regulations and the app has been developed indigenously.
Replying to a question on if the government was aware of Chinese investment in the parent firm of Koo, Minister of State for Electronics and Information Technology Sanjay Dhotre said that under the extant FDI policy of government, 100 per cent investment through automatic route was allowed for IT companies till notification of Press Note 3 of Department for Promotion of Industry and Internal Trade (DPIIT), dated April 17, 2
Chinese VC firm Shunwei Capital exits parent company of Koo medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.
Domestic retailers seek TRAI like regulator for e-commerce
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In a meeting with the Department for Promotion of Industry and Internal Trade (DPIIT) officials on Wednesday, Confederation of All India Traders (CAIT) and the Retailers Association of India (RAI) and others also sought clearly laid out penalties for those who violate the laws.
The TRAI has sought level playing field among all formats and channels of Business to Consumer (B2C) retail insisting that the rules for products should be same for all channels without any special rules or dispensation for any channel.
Domestic retailer associations have sought a regulator like the Telecom Regulatory Authority of India, and the Securities and Exchange Board of India for the e-commerce sector and pushed for a stronger version of the Press Note 2 of 2018 which stipulates that the inventory of a vendor will be deemed to be controlled by the marketplace if more than 25% of the vendor’s purchases are from th
Draft e-commerce policy could add to compliance burden of stakeholders thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.