Ecommerce is a rapidly evolving and dynamic sector, necessitating extensive consultations with stakeholders for the development of a national policy, as per information presented in Parliament on Wednesday. Minister of State for Commerce and Industry, Som Parkash, stated in a written response to the Lok Sabha that a draft ecommerce policy was made public on […]
US Secretary of Commerce Gina Raimondo and Union Minister for Commerce and Industry Piyush Goyal discussed future collaboration on supply chains, workforce development and other sectors. The two leaders held discussions during a virtual US-India CEO Forum meeting held on 30 November, according to US Department of Commerce press release. During the meeting, US and […]
The Centre has introduced guidelines for the prevention and regulation of dark patterns and has banned its use on e-commerce platforms that intend to deceive customers or manipulate their choices. In a gazette dated 30 November 2023 by the Central Consumer Protection Authority (CCPA), the new guidelines were notified and will apply to all ecommerce […]
The Ministry of Corporate Affairs (MCA) is likely to investigate Chinese smartphone manufacturer Vivo under a Serious Fraud Investigation Office (SFIO). Vivo has already been accused by the Enforcement Directorate (ED) of laundering, a leading media house reported on Saturday from people familiar with the matter. The ministry has instructed Vivo’s regional director to conduct […]
Good and Services Tax (GST) Revenue collection for November 2023 stands at Rs 1,67,929 lakh crore, recording the highest growth rate of 15 per cent Year-on-Year, an official statement issued by the Ministry of Finance said on Friday. The Finance Ministry said that gross GST collection crossed the Rs 1.60 lakh crore mark for the […]
Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, it said that India’s GDP is expected to grow by 6.5 per cent in financial year 2024. Growth projections for Financial Year 2024 indicate that India will grow by 6.5 […]
Mandi prices of various basmati paddy varieties in India have witnessed a significant surge, ranging from 11 to 14 per cent, just one month after the government’s decision to reduce the minimum export price (MEP) of basmati rice to USD 950/tonne, aiming to stimulate exports. Exporters attribute the increase in basmati paddy prices to robust […]
Minister of Electronics and Information Technology, Ashwini Vaishnaw, took to social media platform X to announce achievement in the mobile industry. In a post, he revealed that the Indian mobile industry has experienced exponential growth, expanding by a remarkable factor of 20 in just nine years. Minister Vaishnaw posted on X, “Met Mobile industry to […]
India’s digitization has pushed the e-commerce landscape to new heights, with a growing number of consumers relying on online platforms for their shopping needs. However, this rapid growth has also brought about various challenges and concerns related to the Monopoly of a few big marketplaces, small retailers’ interests, fair competition, logistics, and so on. Post-COVID, […]
The government on Thursday clarified that onion consignments, registered with customs authorities before 29 October 29, can be exported until 30 November. The clarification comes after the government imposed a minimum export price (MEP) of USD 800 per tonne on onion exports until 31 December. The measure aims to boost domestic availability and control prices. […]
