-The Times of India In a relief to consumers, the home minister P Chidambaram on Friday announced abolishment the import and excise duties on non-subsidized domestic LPG cylinders, bringing down their price by Rs 97 a unit in Delhi. It also asked states to subsidize LPG cylinders. The government had last week restricted supply of subsidized cooking gas to six per household in a year. Any requirement beyond this was to be...
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Retail firms with FDI can’t sell online
-The Indian Express DIPP officials cite regulatory issues, problems in checking inter-state transactions in e-commerce activities The new rules that allow foreign retail chains to pick up to 51% stake in Indian supermarkets will not apply to e-commerce companies in the business-to-consumer (B2C) space. This means while the US-based retail firm Walmart can pick up a 51% stake in Bharti Retail, the JV firm cannot sell its products online through that entity....
More »Retail FDI takes effect -Jayanta Roy Chowdhury
-The Telegraph Wal-Mart Stores Inc — the $446 billion retail behemoth — will be able to open stores in 22 cities across the country after the government notified a press note tonight permitting foreign direct investment up to 51 per cent in multi-brand retailing operations. The press note — which contained clauses that were not spelt out in the controversial press release issued last Friday after the cabinet formally cleared the proposal...
More »Government makes non-subsidised LPG cylinders cheaper by around Rs 100
-PTI In a marginal relief to consumers, the government on Friday abolished import and excise duties on LPG cylinders they buy beyond the 6 per annum quota of subsidised cooking gas, and asked state governments to subsidise the requirements of households at their level. The government had last week restricted supply of subsidised cooking gas to 6 per household in a year. Any requirement beyond this was to be purchased at market...
More »'Plan to Cover Net, e-Media in Indecent Representation Act'
-Outlook The Women and Child Ministry is planning to make changes in the Indecent Representation of Women (Prohibition) Act, 1986 to include electronic media and internet under its purview. At present the legislation only includes depiction of women in publications, WCD secretary Prem Narain told reporters at an interaction here. "We are also thinking of raising the penalties mentioned in the Act, to make them more contemporary," the WCD secretary said, adding that...
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