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On April 27, 2020, The IFSCA was established as a statutory body under the International Financial Services Centres Authority Act, 2019. [8] On April 27, 2020, inauguration of the IFSCA by the Finance Minister of India, Nirmala Sitharaman. [7] On May 27, 2020, the IFSCA released its first set of regulations, namely the IFSCA Regulations, 2020.
15 September 2003. Status: In force. The Geographical Indications of Goods (Registration and Protection) Act, 1999 (GI Act) is a sui generis Act of the Parliament of India for protection of geographical indications in India. India, as a member of the World Trade Organization (WTO), enacted the Act to comply with the Agreement on Trade-Related ...
Online pharmacy laws in India are still in nascent stage and there are no dedicated online pharmacy laws in India. The Information Technology Act 2000 governs some of the legal issues pertaining to online dealings but it is silent on the aspect of online pharmacy. As a result, illegal online pharmacies have been increasing in India.
India has highest number of outlets per person (7 per thousand) Indian retail space per capita at 2 sq ft (0.19 m 2)/ person is lowest in the world Indian retail density of 6 percent is highest in the world. [42] 1.8 million households in India have an annual income of over ₹ 4.5 million (US$53,918.50). [43]
The FSS Act is a bucket for all the older laws, rules and regulations for food safety. The FSS Act took 7 older acts into one umbrella. Prevention of Food Adulteration Act, 1954 Archived 15 December 2017 at the Wayback Machine [20] Fruit Products Order, 1955 Archived 6 February 2018 at the Wayback Machine [21] Meat Food Products Order, 1973 [22]
Foreign direct investment in India is a major monetary source for economic development in India. Foreign companies invest directly in fast growing private auspicious businesses to take benefits of cheaper wages and changing business environment of India. Economic liberalisation started in India in wake of the 1991 economic crisis and since then ...
In India, cash on delivery is the most preferred payment method, accumulating 75% of the e-retail activities. [4] Demand for international consumer products (including long-tail items) is growing faster than in-country supply from authorised distributors and e-commerce offerings. Long tail business strategy allows companies to realize ...
Payment and settlement systems are used for financial transactions in India. Covered by the Payment and Settlement Systems Act of 2007 (PSS Act), legislated in December 2007, they are regulated by the Reserve Bank of India (RBI) and the Board for Regulation and Supervision of Payment and Settlement Systems. [ 1 ]