Economy

U.S. e-tail giant Amazon sees “very good long-term prospects” in the Indian market but is evaluating recent changes in FDI rules for online marketplaces to ensure there are no “unintended consequences” for customers and sellers on its platform, a top company official has said. With the new rules coming into …

High quality pork to benefit farmers, consumers A ‘pink revolution’ is quietly taking shape in Maharashtra. The objective is to breed imported pigs to address the problem of protein deficiency in a sizeable section of the population that has been deprived of access to affordable meat besides providing livelihood to …

Surrounded by industries, this farm stands out in Vanjipalayam area, less than 10 km from the knitwear town of Tiruppur. Bunches of golden yellow fruits hang from the trees in the months of June, July and August. K.G. Murugavel grows the Barhee variety of dates on his 2.5-acre plot. Switching …

Chinese products, marketing savvy have pushed Indian brands to 9% market share, from 50% in 2014 Once among the go-to smartphone brands for Indian consumers, home-grown mobile phonemakers such as Micromax, Lava, Karbonn and Intex are now struggling to make a mark. These brands have been unable to challenge the …

The Reserve Bank of India (RBI) on Monday proposed to relax norms for entry of new players in retail payment systems with a view to give a boost to innovation and competition. At the end of 2018, there were 89 authorised non-bank Payment System Operators. The RBI’s policy paper on …

India would soon start exporting casual shoes with a ‘Made in India’ tag in massive numbers to international markets such as the U.S and the Europe to meet global demand, said a top industry official. “Worldwide, the demand for formal shoes is dying and the customers have started moving towards …

In spite of a ban on the import of plastic waste into India, the influx of PET bottles has quadrupled from 2017 to 2018 thanks to legal loophole, says a Delhi-based environmentalist organisation, Pandit Deendayal Upadhyay Smriti Manch (PDUSM). “Indian firms are importing plastic scraps from China, Italy, Japan and …

The #10YearChallenge was all fun and memes until last week after a tweet moved thousands of people to worry: are we unknowingly helping giant corporations to improve their algorithms for biometric identification and age progression?The #10YearChallenge gained widespread traction on social media this month. It calls for posting two photos …

India is likely to surpass the United Kingdom in the world’s largest economy rankings in 2019, according to a report by global consultancy firm PwC.As per the report, while the U.K. and France have regularly switched places owing to similar levels of development and roughly equal populations, India’s climb up …

Non-filers of GST returns for six consecutive months will soon be barred from generating e-way bills for movement of goods.The Goods and Services Tax Network is developing an IT system such that businesses that have not filed returns for two straight returns filing cycles, which is six months, would be …