More sops needed to boost electronic manufacturing: Top govt official

    NEW DELHI | CHENNAI: India may have to offer electronic manufacturers additional sops such as cheap credit and incentives for export along with infrastructure support in order to boost production and help the sector compete with China, Vietnam and Thailand, according to a top government official. These incentives, over and above the proposed reduction of corporate tax to 15% […]

    Govt may bring separate policy for electronics to boost FDI

    Swedish furniture maker IKEA and fashion-retailer H&M are some of the big single-brand retail firms operating in India.  In a move that may be a boost for hi-tech companies like Apple, Samsung, etc., the government is likely to formulate a separate policy for electronics to attract higher foreign direct investment (FDI) and make the country […]

    Indian govt steps up focus on electronics exports, new policy to outline measures

    The government is drafting the upcoming National Electronics Policy (NEP) with an increased focus on exports as it looks to harness the local capacity in electronic goods, including smartphones built for the domestic market, a top official told ET. The idea is to ensure that there is no excess manufacturing capacity and instead utilise the same to build products for customers […]

    Govt tightens quality checks on imported electronics; smartwatches, CCTV cameras also under scanner

    To check the flow of sub-standard goods in the country, the Ministry of electronics and information technology (Meity) has added 13 more items including smartwatches and CCTV cameras, to the list of imported electronics that will have to undergo stringent quality checks, reports Mint. The 13 new items were added on August 17 to the Electronics […]

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    Ola gets notice from Karnataka govt on complaints over peak hour charges

    On 1 June, the state transport department gave an undertaking to court not to impound Ola. Photo: Mint Bengaluru: Barely a month after cab aggregator Ola received a permit under the Karnataka On-demand Transportation Technology Aggregators Rules 2016, the state transport department has issued a show cause notice to the company over complaints of charging […]

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    Govt defines e-commerce marketplace rules, allows 100% FDI

    The government notification on e-commerce models is expected to redefine the way online retail is done in India. Photo: iStockphoto New Delhi: The government on Tuesday allowed 100% foreign direct investment (FDI) in online retail of goods and services under the so-called “marketplace model” through the automatic route, seeking to legitimize existing businesses of e-commerce […]

    Govt hikes funding for start-ups, Flipkart invests more in Myntra

    Photo: iStock What to watch out for: • Flipkart invests another Rs.338 crore in its fashion portal Myntra: In an attempt to boost its leadership position in the fashion segment, Flipkart has infused Rs.338 crore into online fashion store Myntra. The fresh funds come at a time when Myntra’s nearest rival, Rocket Internet-backed Jabong, is […]

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    Five-fold hike in govt budget for funding startups

    In the 2016-17 financial year, the government will provide seed capital to 50-80 new ventures with funding ranging from Rs.50 lakh to Rs.1 crore per company. Photo: Priyanka Parashar/Mint New Delhi: A five-fold hike has been made by the government in its budget for funding startups in the next fiscal, a move which is in […]