In order to make a direct interaction with Indian customers through E-commerce, U.S. online retail giant Amazon has asked Indian government to make relaxation on online retail law. Read more
Tag: FDI in Retail
Flipkart, Bharti Walmart under probe
The major FDI, E-commerce investors Flipkart and Bharti Walmart are under the charge of irregulating voilation act and for that a special investigation has been asked by the Enforcement Directorate.
Among the companies which are violating the Foreign Direct Investment (FDI) policy in retail market, the RBI has taken to Bharti Wal-Mart/Cedar Support Services Ltd and Flipkart Online Services, respectively. Read more
Mamata Banerjee calls up Sushma Swaraj for support to no-trust motion
The BJP on Sunday said in a press conference that the West Bengal Chief Minister Mamata Banerjee had asked for their support on the ‘no-confidence motion against the UPA government but it would take the call only after meeting with the NDA’.
Talking to media, senior BJP leader Murli Manohar Joshi said, “Ms. Banerjee spoke to [Leader of the Opposition in the Lok Sabha] Sushma Swaraj on the telephone, but Sushma Swaraj has gone to Mumbai to attend the funeral of [Shiv Sena chief] Bal Thackeray. Once she returns, the NDA will take a decision on the issue.” Read more
Foreign firms not required to prop up economy: Anna to Manmohan
According to latest news, social activist Anna Hazare on Sunday criticized the Prime Minister Manmohan Singh for inviting international firms in India to prop up the economy.
Anna Hazare reminded father of the nation, Mahatma Gandhi’s plan to first improving the rural economy.
Anna Hazare was sharing his views at the ThinkFest conclave, he said, “Prime minister says we cannot improve the economy without inviting foreign companies, which is absolutely wrong.” Read more
