Nirmala Sitharaman

India is not considering allowing foreign direct investment (FDI) in multi-brand retail trading in the current circumstances, the government said on Wednesday. "At the moment, India can create several Walmarts of its own. We welcome anybody. But if some way...

Corporate Affairs Ministry has assured Commerce Minister Nirmala Sitharaman of taking up the pending payment issue of cash-strapped e-commerce firm AskMe on priority basis. According to a PTI report: Representatives of All India Online Vendors Association (AIOVA) met Sitharaman on...

An online marketplace, named as GeM, has been launched recently for buying of goods and services by central ministries and departments with a view to bringing transparency in government procurement, estimated at Rs 10,000 crore a year. "It will bring...

Aiming to ensure greater transparency and revolutionise Government procurement, Commerce and Industry Minister Nirmala Sitharaman has launched the Government e-Marketplace (GeM). The Directorate General of Supplies and Disposals (DGS&D) has developed the GeM, a completely end to end procurement system...

As per a report in PTI: Five companies including Apple India, Acer, Le Ecosystem Technology, Lenovo (India) and OPPO Mobiles have sought relaxation in the local sourcing norms to set up single-brand retail stores in India. Parliament was informed about the...

Government has said that it has approved 89 proposals for foreign investment in single brand retail trading (SBRT) and one in the multi-brand sector up to March. "The Government has approved 89 proposals for foreign investment in single-brand retail trading...

Start-ups are the next big economic force in India, the world's youngest startup nation with 72 per cent founders below 35 years of age, Commerce and Industry Minister Nirmala Sitharaman said. "Start-ups are the next big economic force in India....

The Commerce Ministry has launched an e-marketplace for online purchase of goods and services by various Central Government ministries and departments. According to a PTI report: The move is aimed at bringing in more transparency and streamlining the Government procurement...

The Modi Government on Wednesday announced a Rs 6,000 crore package for the textiles and apparels sector to help it wrest a bigger share of the global market. The package also provides the sector more flexible labour laws and financial incentives. The...

Commerce and Industry Minister Nirmala Sitharaman said she will take up with the Finance Ministry the issue of relaxing mandatory sourcing norms for iPhone maker Apple, which wants to set up retail stores in the country. According to a PTI...