News digest: Govt tightens FDI norms, panel for RBI transfer, and more

Govt tightens FDI norms for e-com firms


Flash sales on Flipkart or Amazon might soon be a thing of the past, and the e-commerce giants might also find it difficult to sell products of firms in which they have a stake. Read more


Bimal Jalan-led committee to decide on RBI reserves transfer

The Reserve Bank of India (RBI) on Wednesday constituted an expert committee headed by former governor Bimal Jalan to review its economic capital framework, and whether the central bank needs to hold as much reserves as it currently does. Read more


Huawei sees red over ‘FTA disadvantage’


A non-level playing field is placing Chinese telecom gear manufacturer Huawei India at a competitive disadvantage vis-a-vis its new global rival Samsung — that’s the charge being made by Huawei India’s CEO Jay Chen. Read more


Rs 200 billion Compensation cess to help reduce fiscal deficit


The Centre will get roughly Rs 200 billion from a corpus not used so far — the excess amount of the compensation cess collected — to help it narrow its fiscal deficit for 2018-19, which breached the target by October. Read more


India Inc sees high-profile exits from the corner room


Not many Indian CEOs are likely to forget the year 2018 anytime soon. It’s a year that was marked by several big-bang exits from among their own ilk. While ICICI Bank Managing Director (MD) and Chief Executive Officer (CEO) Chanda Kochhar had to quit over allegations of quid pro quo, Infrastructure Leasing & Financial Services Vice-Chairman Hari Sankaran and the entire board were sacked by the government as the infrastructure financier failed to pay interest and principal on its debt of Rs 910 billion. Read more



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