India’s growth rate is expected to improve to 7 per cent by FY 2017, while inflation and the current account deficit are likely to moderate in the coming years, a Citigroup report said. According to the global financial services major, the Indian economy had faced high…
Category: Others
IRDA may allow insurers to deal with equity derivatives
The Insurance Regulatory and Development Authority (Irda) is looking to allow insurance companies to deal with equity derivatives. Irda has already allowed insurers to deal in rupee interest rate derivatives, including Forward Rate Agreements (FRAs), Interest Rate Swaps (IRS) and Exchange Traded Interest Rate Futures. The…
Tamil Nadu raised Flag against VAT Evasion by E‑Commerce Players
In a fallout of the outcry over discount sales by e‑commerce players, the Tamil Nadu government has raised a flag. The state commercial taxes department has issued a communication cautioning businesses about the repercussions of indulging in unfair trade practices.…
Labour law exemptions for MSMEs in Madhya Pradesh
The Madhya Pradesh government announced exemption from some labour laws for the micro, small and medium enterprises (MSME) sector. Chief Minister Shivraj Singh Chouhan also said the government would establish a Rs 100-crore venture capital (VC) fund and a separate department for…
Big Billion Day sale has backfired Flipkart
The blockbuster Diwali sale on Flipkart that gave it $100 million in sales in only 10 hours has backfired Flipkart. Flipkart is now facing scrutiny of the government, based on complaints from traders over undercutting prices and adversely affecting competition. A probe by the…