Tag Archives: Norms

Govt To Ease Income Tax Norms To Help Startups Receive Benefits

After being re-elected for the second term, the Modi-led government is now planning to ease the tax norms to provide advantages to startups under the income tax law which allow 100% tax deduction. In 2016, the government had announced a 100% tax deduction for any three consecutive years. The startups which did not have a total turnover of INR 25 Cr and ... Read More »

BE Exclusive: Creativity at test as FSSAI pushes new advertising norms

How far one can go with creative advertising when getting ‘hurt’ becomes a new normal? The recent ad campaign by Surf Excel on Holi celebrations saw a huge backlash after Twitteritis went all out criticising the ‘misleading’ ad causing ‘hurt’. The ad later disappeared silently. Creating successful advertising campaigns under the regulatory framework was already difficult with brand ambassadors even facing prosecution ... Read More »

Most startups to find going tough after EU data norms

GDPR intends to give citizens of the EU greater control over their personal information. BENGALURU: The General Data Protection Regulation (GDPR) set to be rolled out on Friday has serious business implications for many Indian companies dealing with clients in the European Union (EU). But the readiness for compliance of the European data law amongst startups has been a mixed bag. The law intends to ... Read More »

Government Tightens Note Exchange Norms, Lowers Limit To Rs. 2,000

New Delhi: With the shock demonetisation move in the middle of marriage and sowing seasons causing hardships, the government on Thursday eased restrictions on cash withdrawals by farmers and families with upcoming weddings but more than halved the limit at Rs. 2,000 for exchange. Economic Affairs Secretary Shaktikanta Das said now families preparing for a wedding can withdraw up to ... Read More »

government Relaxes FDI Norms for single emblem Retail, E-trade for food merchandise

authorities on Monday comfortable foreign Direct investment (FDI) norms in a bunch of sectors such as civil aviation, unmarried-emblem retail, defence, e-commerce, and pharma with the aid of permitting more investments below automatic course. different sectors wherein FDI norms had been relaxed encompass e-trade in meals products, broadcasting carriage offerings, private security groups and animal husbandry. “Now most of the ... Read More »

LeEco India Seeks Exemption From neighborhood Sourcing Norms for Retail shops

chinese language handset maker LeEco has requested the government to relax obligatory sourcing norms for the agency as it looks to ramp up its retail presence within the u . s . a .. LeEco, which entered the Indian marketplace in January this 12 months, had filed an application with the overseas investment advertising Board (FIPB), latest popularity of beginning ... Read More »

Xiaomi Withdraws Request for Exemption From Sourcing Norms

chinese mobile device maker Xiaomi has withdrawn its request in search statemodern complete exemption from the mandatory 30 percent local sourcing norms for opening single-emblem retail stores in India. The agency in April had approached the department ultra-modern commercial coverage and promotion (DIPP) for establishing unmarried brand retail buying and selling in India. “They were modern-day exemption from the required ... Read More »

CAIT Alleges Flipkart Violated E-commerce FDI Norms

investors’ frame CAIT Wednesday filed a complaint with the department of commercial coverage & promoting alleging violation of FDI norms for e-trade with the aid of online retail foremost Flipkart. The grievance is in connection with an commercial in newspapers announcing the sale of an item together with its discounted charge to be available on the e-commerce platform of Flipkart, ... Read More »

Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India. “The company has sought permission from the Department of Industrial Policy and Promotion (DIPP)for opening single brand retail trading (SBRT) in India. They also want exemption from the mandatory local sourcing norms,” sources said. When ... Read More »

Disinvestment May Get Boost As Sebi Tweaks OFS Norms

New Delhi: In a move that may give a boost to the government’s disinvestment plan, the Securities and Exchange Board of India (Sebi) on Monday agreed to its suggestion for cutting the advance notice period for OFS (offer for sale) to one day and allowed retail investors to place their bids a day later for such share sales. Currently, listed ... Read More »