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Centre revives plan to check e-tailers' discounts, freebies -Sidhartha

-The Times of India NEW DELHI: The government has revived plans to put e-commerce players on a tight leash, including imposing checks on discounting and unbridled cashbacks and freebies, in a bid to clamp down on “predatory behaviour”. Sources told TOI that the commerce and industry ministry is looking at ways to strengthen the e-commerce sector while safeguarding the interests of domestic retailers. Many of them are complaining about serious loss of...

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After Aborted "Fake News" Order, Centre Turns Focus To Online Media

-NDTV The Information and Broadcasting Ministry headed by Smriti Irani has set up a committee that will discuss and recommend a regulatory framework for online media. New Delhi: The government has amped up a move to regulate online media and news portals just after it was forced to take back a controversial order on punishing journalists for fake news on Prime Minister Narendra Modi's intervention. The Information and Broadcasting Ministry headed by...

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After Yashwant Sinha, RSS affiliate hits out at Modi govt's economic policies -Anindya Banerjee

-India Today Bhartiya Mazdoor Sangh criticised Modi government's handling of the economy and demanded stimulus package towards employment generating activities in labour intensive sectors. On a day when senior Bharatiya Janata Party (BJP) leader and former finance minister Yashwant Sinha trained his guns against the government's economic policies, a Sangh-affiliate Bhartiya Mazdoor Sangh (BMS) also hit out at the Modi government. The RSS affiliate criticised the Modi government's handling of the economy, called...

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Government approves Amazon's proposal for FDI in food retail

-PTI NEW DELHI: The government has approved American e-commerce major Amazon's proposed USD 500 million investment in retailing of food products in India, an official said. The proposal was pending before the Foreign Investment Promotion Board (FIPB) which has been abolished now. Hence, the Department of Industrial Policy and Promotion (DIPP) gives the green signal to the proposal. As per the proposal, the company will open a wholly- owned subsidiary in India to carry...

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Declining bank credit indicates poor economic performance

Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...

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