Companies & Sectors
Sitharaman to meet stakeholders on FDI in e-commerce
With retail store operators going to court seeking parity between online and offline retailers, Commerce Minister Nirmala Sitharaman will meet industry representatives from both e-commerce and retail companies on Friday to discuss opening up the e-commerce sector to foreign direct investment (FDI).
 
A source in the department of industrial policy and promotions told IANS here that both Indian and foreign e-commerce companies such as Flipkart, eBay, Snapdeal and Amazon are likely to attend the meeting.
 
Almost all stakeholders, including representatives of the Confederation of Indian Industries and Federation of Indian Chambers of Commerce and Industry have been invited to Friday's meeting, the source said.
 
The commerce minister is also scheduled to meet chief ministers on the matter on July 15, the official added.
 
The Retailers Association of India (RAI) moved the Delhi high court in May seeking a level playing field between online and offline retailers. The association, representing large brick-and-mortar retail companies, had boycotted the consultations with the minister on the matter in May.
 
After the May meeting here, Sitharaman told reporters: "It was the first meeting. We are not taking any position this way or that way. We have heard everybody on whether they need or do not need FDI, and whether it will affect the level playing field."
 
"I may have meetings with state governments also to understand their position because it is important for me to know the issue in each of these cases," she said.
 
India currently allows 100 percent FDI in business-to-business (B2B) e-commerce, but not in B2C companies selling directly to consumers.

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No confirmation on meeting with Parrikar: Ex-servicemen
As protests over delay in the implementation of the promised 'One Rank, One Pension' scheme continued for the 23rd day in the national capital with a relay hunger-strike by 75 ex-servicemen on Tuesday, an expected meeting with Defence Minister Manohar Parrikar was yet to materialise.
 
"Our strike has entered the 23rd day today (Tuesday). We are expecting an appointment with Manohar Parrikar today or tomorrow... but nothing has been confirmed yet. We don't know what to do, but our strike will continue (till then)," Group Captain V.K. Gandhi (retd), Indian Ex-Servicemen Movement general secretary, told IANS.
 
Parrikar had last week called the protesting ex-servicemen and told them that the file on the 'One Rank One Pension' (OROP) scheme had come back from the union finance ministry.
 
The minister had said complications around implementation of the OROP scheme have been sorted out now. However, no date for the implementation of the scheme was given.
 
The ex-servicemen are demanding that the central government give them a definite date for OROP implementation. The veterans started their protest in the national capital on June 14, and began a relay hunger strike from June 15.

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CBI searches Odisha chit fund firm offices
The Central Bureau of Investigation (CBI) on Tuesday conducted simultaneous searches at 12 places in Odisha in connection with a chit-fund scam.
 
CBI sources said searches were conducted at residences of some officials of inter-state chit fund company Swastic India, and offices of the company, including eight in Bhubaneswar.
 
The other four places where the company offices were searched were at Baleswar, Bhadrak, Sundargarh and Jharsuguda. 
 
In May last year, police in Sundargarh and Bargarh districts registered separate cases against Swastik India officials.
 
The CBI arrested several officials, including company founder Ranjan Dash, for allegedly duping the depositors of crores of rupees.

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