"Govt has received complaints against some e-commerce firms alleging violation of FDI policy: Piyush Goyal"

17th Mar,2021

"Govt has received complaints against some e-commerce firms alleging violation of FDI policy: Piyush Goyal"

The public authority has gotten objections against certain online business organisations asserting infringement of unfamiliar direct venture (FDI) strategy and vital moves have been made for examination by the Enforcement Directorate, Parliament was educated on Wednesday. In a composed answer to the Lok Sabha, Commerce and Industry Minister Piyush Goyal said no portrayal from All India Chamber of Commerce and Industry (AICCI) was gotten with respect to forbidding of some huge online business organisations from working in India. "The public authority has gotten objections against certain online business organisations asserting infringement of FDI strategy and essential activities under the arrangements of Foreign Exchange Management Act, 1999 have been taken for examination by the Enforcement Directorate," he said.Replying to a different inquiry, Minister of State for Commerce and Industry Hardeep Singh Puri said there are 1,569 tea gardens in the nation covering complete region of 4,20,671 hectares. He said the Tea Board has given monetary help of Rs 217.77 crore to tea organisations from 2017-18 till February 1, 2021.In another answer, Singh said the main five nations from where India has imported products during 2020 (January-December) incorporate China, the US, UAE, Saudi Arabia and Iraq. India has imported merchandise worth USD 143.5 billion from these five countries during the time frame, which is around 39% of India's complete inbound shipments."The significant things of import from China are items, for example, telecom instruments, PC equipment and peripherals, composts, electronic segments/instruments, project products, natural synthetic substances, drug intermediates, customer hardware, electrical apparatus," he added. To a different inquiry, Singh said the public authority has gotten portrayals in regards to under invoicing and sneaking of crude human hair."The matter has been alluded to the Ministry/Agencies worried for vital activity," he said. To an inquiry on sends out, he said Rs 43,493 crore has been discounted to exporters because of fare of products with instalment of Integrated Goods and Services Tax (IGST) as on March 11, 2021 this monetary year.