DRAFT RETAIL POLICY
Any sharp correction for political reasons will be a good opportunity to add: Chandraprakash Padiyar
Chandraprakash Padiyar discusses market uncertainties due to high valuations despite positive business outlook. He highlights concerns over political changes impacting market reactions and discusses challenges in the specialty chemical industry due to Chinese competition. He also says near-term, the earnings look fairly decent from whichever portfolio companies have reported till date.
Sops, tier-2 cities top focus in tech’s Karnataka GCC Policy wishlist
Karnataka's GCC policy targets industry growth through infrastructure investment, employment incentives, single window approvals, fast issue resolution, industry-specific curriculum, flat rate markup, transportation solutions, digital engineering services, and the Karnataka Digital Economy Mission.
Delhi government extends existing excise policy
The Delhi government has extended its excise duty-based policy for the financial year 2024-25, allowing wholesale licenses under the same terms as the previous year. The policy, in effect since October 2023, will continue for the coming year, with licenses renewable under existing terms. This policy, introduced in 2022, shifted retail liquor business from private firms to Delhi government enterprises. A new excise policy is in the works but has not yet been finalized or implemented.
Group health policies lead the way as medical inflation, retail premiums bite
As per the 'Independent Market Assessment of Health Benefits Administrators in Indian Health Insurance Industry' report by Frost & Sullivan commissioned by Medi Assist, there has been a 31% jump in insurance penetration post-Covid aided by a significant jump in insurance penetration in group policies during the pandemic.
National ecommerce policy in final stages; may be announced soon: Piyush Goyal
In August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of ecommerce firms and a domestic traders' body on the proposed policy.
Delay in roll-out of e-commerce policy, consumer protection rules damaging domestic retail trade: CAIT
The Confederation of All India Traders (CAIT) has criticized the delay in implementing a national e-commerce policy and consumer protection rules, claiming it has allowed foreign e-commerce players to harm domestic retail trade. CAIT expressed concern over the delay, stating that it has caused significant losses for small and medium retail traders and has forced many to close their businesses.
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Delay in ecommerce policy, consumer protection rules harming local retail: CAIT
The Confederation of All India Traders (CAIT) sent a written communication in this regard to Minister for Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal on Tuesday.
An Amitabh Bachchan advert has landed Flipkart in big trouble with mobile phone retailers
Smartphone retailers have accused Flipkart of misleading buyers with an advertisement featuring Amitabh Bachchan, claiming that online platforms offer better deals. In the advertisement, Bachchan says that the mobile deals offered by Flipkart will not be available at retail stores. The All India Mobile Retailers Association has written to leading smartphone brands, asking them to clarify that these statements are not accurate.
Delhi government extends existing excise policy by 6 more months
A proposal of the excise department to extend the policy, implemented on September 1 last year, was sent for the LG's nod after it was cleared by the government. The file was sent back to the government from the LG's office, marked as "seen", the officer added.
No proposal for independent regulator in proposed e-commerce policy: Official
The proposed e-commerce policy in India will not include provisions for an independent regulator for online retail platforms or cover data-related issues. The policy is in its final stages and will be presented to the Prime Minister's office soon. The Department for Promotion of Industry and Internal Trade recently held discussions with e-commerce firms and domestic traders, resulting in a broad consensus on the proposed policy.
Medi Assist Healthcare refiles draft papers with Sebi for 2.8 crore-share sale via IPO
The IPO is a complete offer for sale, wherein promoters and other shareholders plan to sell 28,028,168 shares of the company. If the IPO sails through this time, Medi Assist will be the first insurance third-party administrator (TPA) in India to be listed.
National e-commerce policy in final stages; to be presented before top-level: official
The Indian Commerce and Industry Ministry's proposed national e-commerce policy is in its final stages, according to a government official. A broad level of consensus has been reached among concerned stakeholders on the proposed policy. The DPIIT is also working on a national retail trade policy.
Indian government to introduce draft ecommerce policy in few weeks
CEOs of Flipkart, Amazon and Tata Digital, among others, held talks with commerce minister Piyush Goyal.
New draft policy aims to level ecommerce playing field; Byju's lenders open to negotiations, will act collectively
The government will soon release a draft policy for the ecommerce sector, disallowing marketplaces from selling brands in which they hold equity, or any private labels, to ensure a level playing field for smaller entities in the space. This and more in today’s ETtech Morning Dispatch.
New draft policy promises to level ecommerce playing field
The new policy and rules will ensure there is no direct or indirect sale of products to sellers registered on the ecommerce platform.
RBI issued draft guidelines for minimum capital requirements for market risk
Market events, changes in the liquidity of a financial instrument, or a change of trading intent alone are not valid reasons for reassigning an instrument to a different book. When shifting positions, banks shall ensure that all the mandated standards are observed. But shifting between books is possible if be approved by the board of the bank and RBI after a thoroughly documented process and determined by internal review to be in compliance with the bank's policies and with prior RBI.
Draft Retail Policy proposes centralised inspection, single window for licences
The policy is not intended for e-commerce, direct selling, multi-level marketing or street vendors and the government intends to provide a national common framework for development of retail sector across the country through it.
DPIIT seeks views of different ministries on draft national retail trade policy
The policy would focus on formulating strategies to provide a globally competitive and sustainable environment for overall development of retail trade through targeted efforts.
India's Monetary Policy Committee members meet to discuss and draft inflation miss report to government, says RBI
The Monetary Policy Committee's meeting was chaired by Governor Shaktikanta Das and attended by all MPC members Michael Debabrata Patra, Rajiv Ranjan, Shashanka Bhide, Ashima Goyal and Jayanth R. Varma, the RBI said in a statement.
Why government needs to fast-track the National Retail Policy
It is critical that GoI fast-tracks the spadework on NRP to prepare this crucial cog in the economy's wheel for the post-pandemic future. While ecommerce has grown by leaps and bounds, the retail sector remains the backbone of the economy, particularly in the hinterland.
Delhi govt to go back to old policy of retail liquor sale: Officials
The excise department is still working on the Excise Policy 2022-23 that recommends, among other things, home delivery of liquor in Delhi. The draft policy is yet to be sent to Lieutenant Governor V K Saxena for his approval, officials said. Deputy Chief Minister Manish Sisodia, who also holds the excise portfolio, directed the department on Thursday to "revert" to old regime of the excise policy for a period of six months till a fresh policy is in place, they said.
Inflation showing signs of peaking, RBI actions may be moderate: Michael Patra
RBI deputy governor Michael Patra said the MPC will discuss and draft the report to be sent to the government to explain the deviation from the inflation target, weighing in on the situation if the figure is not met for three successive quarters.
Draft ecommerce policy, rules to be released together soon
The ministry of consumer affairs, food and public distribution will release the draft ecommerce rules aimed at ensuring consumer interest is protected.
Ministries, Niti Aayog oppose draft ecommerce rules
The finance ministry has expressed concern that the rules could adversely impact the sector which is also a large employment generator.
E-commerce draft policy & recommended changes
As the deadline to submit feedback on India's draft e-commerce rules comes to an end, we bring you all the suggestions given by industry groups.
Draft ecommerce policy: the 2-minute version
Ecommerce split over compliance costs, hazy definitions
India’s new draft e-commerce policy to rein in related parties
The move is aimed at curbing circumvention of India’s e-commerce FDI policy and anti-competitive activities by large e-commerce marketplaces like Amazon and Flipkart.
DPIIT likely to release India's draft e-commerce policy this month
DPIIT is trying to iron out differences among ministries on setting up an e-commerce regulator. Some ministries have suggested that the Central Consumer Protection Authority under the consumer affairs ministry should take up the role.
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