Nirmala Sitharaman

The Government has approved three FDI proposals -- from Amazon Retail, Supermarket Grocery Supplies and Grofers India -- worth over Rs 3,700 crore for retail trading of food products, Parliament was informed on Wednesday. While Amazon Retail has proposed investment...

Commerce Minister Nirmala Sitharaman on Tuesday said that the Government's e-Marketplace (GeM) portal had reduced the cost of public procurement by 20-30 per cent. "I am glad that GeM is being recognised as the national e-procurement portal. Following the processes...

Union Minister Nirmala Sitharaman has denied that 'Kadalai Mittai' (peanut brittle) was taxed more under Goods and Services Tax (GST) than pizza, and said such rumours were being spread by the social media. According to a PTI report: Addressing a...

The Government said that there is no proposal under its consideration to review the foreign direct investment (FDI) policy in the multi-brand retail sector. According to a PTI report: "No proposal is under consideration of the Government to review the...

Commerce and Industry minister Nirmala Sitharaman said Amercian phone-maker Apple's demand for tax incentives to set up a manufacturing unit in the country will have be looked at after the Goods and Services Tax (GST) is rolled out. "GST will...

The Government on Wednesday said it has not accepted ‘most of the demands’ of iPhone maker Apple which wants to set up manufacturing unit in India. According to a PTI report: To a question in Rajya Sabha on whether the...

The Gems and Jewellery Promotion Council (GJEPC) is teaming up with the commerce ministry to set up a gold craft and design institute at Udupi in Karnataka in an effort to reskill local freelance artisans. According to a PTI report:...

Commerce and Industry Minister Nirmala Sitharaman has said corporate downsizing and retrenchment in the country's e-commerce industry were not unique phenomena happening in India but were occurring globally. The minister's comments came a day after major layoffs were announced by...

The Budget 2017-18 has provided an impetus to manufacturing, export infrastructure and government e-marketplace, Commerce and Industry Minister, Nirmala Sitharaman said. She said that Finance Minister Arun Jaitley has announced several measures for the ministry. The Budget "provides renewed impetus to manufacturing...

Government has not yet decided on giving relaxation of sourcing condition in the single brand retail sector to three companies, Parliament was informed. "Only 3 companies have sought relaxation of sourcing condition. No decision has been taken by the Government...