Fri, Mar 24, 2017 | updated 03:47 PM IST

FICCI says guidelines for direct selling sector will ensure clarity

Updated: Sep 12, 2016 18:41 IST

New Delhi [India], Sept.12 (ANI): The Federation of Indian Chambers of Commerce and Industry on Monday welcomed the government's new guidelines for the direct selling sctor, saying that it would ensure greater clarity.

In a statement, Dr. A. Didar Singh, Secretary General, FICCI, said, "FICCI congratulates the Ministry of Consumer Affairs, Food and Public Distribution for releasing the much awaited guidelines for the Direct Selling Sector. It is a very progressive move by the government which will give a boost to INR 72 billion industry and will help in motivating the stakeholders associated with the sector."

"The industry has the potential to reach INR 645 billion by 2025. We are confident these guidelines will certainly help in bringing in regulatory clarity for the sector. FICCI is positive that the state governments will implement these guidelines as the sector is a major contributor towards employment creation and tax revenue. FICCI would continue to work relentlessly for the development of the sector," he added.

Dr. Singh was responding to Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan's announcement of model guidelines on direct selling being formulated and sent to state governments.

Paswan told media here that state governments and Union Territories should take necessary action to implement the same.

He said that it is envisaged in the guidelines that the state governments will set up a mechanism to monitor and or supervise the activities of direct sellers, direct selling entities regarding compliance of the guidelines for direct selling.

He said that any direct selling entity conducting direct selling activities would have to submit an undertaking to the Department of Consumer Affairs within 90 days, stating that it was in compliance with thee guidelines and would also provide details of its incorporation.

He said that guidelines had been put in place to prevent acts of fraud and to protect the interests of consumers. (ANI)

Will make Goa beggar-free state: Parrikar

Updated: Mar 24, 2017 15:23 IST

New Delhi [India], Mar 24 (ANI): Chief Minister Manohar Parrikar on Friday emphasized on making Goa the first ever beggar-free state.

Full Story >>

New Delhi [India], Mar 24 (ANI): With the announcement of Rs. 978.84 crore for the social sector, Chief Minister Manohar Parrikar on Friday said that Goa will be made a garbage free state by 2020.

Full Story >>

New Delhi [India], Mar 24 (ANI-BusinessWireIndia): Tata Capital, the financial services arm of the Tata Group, today, announced the launch of 'myLoan' - a first-of-its kind Mobile App by the company to extend its existing personal loan offering to the emerging younger and mobile savvy audience.

Full Story >>

New Delhi [India], Mar 24 (ANI-NewsVoir): Recent research by World Animal Protection across local dairies within the city limits of six major metropolitan areas in India, has exposed the in humane living conditions and shocking treatment of dairy cows and buffaloes.

Full Story >>

New Delhi [India], Mar 24 (ANI): FreeCharge on Friday announced that it will now enable e-wallet payments across leading outlets with Arvind Lifestyle Brands, one of India's largest and leading lifestyle brands.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Ashoka University, a Liberal Arts University in India, hosted its first International Educators Conference 2017 on March 17, 2017. In line with the University's vision to emerge as a global institution and put India on the world education map, the focus of the conference was on India as a global higher education destination.

Full Story >>

New Delhi [India], Mar 23 (ANI): Siemens on Thursday announced receiving of an order worth approximately Rs. 187.4 crore from Bangladesh Rural Electrification Board (BREB), Dhaka.

Full Story >>

New Delhi [India], Mar 23 (ANI): Paytm has partnered with Booking.com to facilitate accommodation bookings on its online travel marketplace. Under this partnership, all domestic and international accommodations available on Booking.com will now be available on Paytm with unique promotions and offers.

Full Story >>

New Delhi [India], Mar 23 (ANI): The Central Board of Direct taxation on Thursday notified that the Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016 entered into force on February 27th, 2017 with notifications released to the Official Gazette here today.

Full Story >>

Curofy launches Curofy for web

Updated: Mar 23, 2017 15:21 IST

New Delhi [India], Mar 23 (ANI): Curofy, a networking platform that allows case discussions between doctors and provides them with latest medical news, with continuous feedback from the community and gauging the need for their audience, has launched it's web platform to give their users a complete and richer experience.

Full Story >>

Qbera launches operations in Bengaluru

Updated: Mar 23, 2017 15:21 IST

New Delhi [India], Mar 23 (ANI): Fintech start-up offering quick and hassle-free personal loans Qbera has launched its operations in Bengaluru.

Full Story >>

New Delhi [India], Mar 23 (ANI): Maneeza Ahuja has been appointed Branch Head for the Delhi branch of Percept/H with the additional responsibility of leading the North India portfolio of Percept One.

Full Story >>

New Delhi [India], Mar 23 (ANI): Keeping pace with the recent rise in crime rates inside Apartment Complexes, ADDA GateKeeper announces the launch of its "Panic Alert' feature. ADDA GateKeeper a security management software for Apartment Complexes.

Full Story >>

New Delhi [India], Mar 23 (ANI): ExportersIndia on Thursday announced 56 percent boost in its business exclusively via its mobile app.

Full Story >>

New Delhi [India], Mar 23 (ANI): Real estate startup Square Yards on Thursday announced the launch of an International property portal (global.squareyards.com) for enabling global cross border real estate investments.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): "The transformation in technology that we have seen in 20 years is more than what world saw in preceding 200 years."

Full Story >>

New Delhi [India], Mar 23 (ANI): In a feat of sorts, Droom, India's pioneering online automobile transactional marketplace today became India's largest hyper local marketplace by bringing a whopping number of 500 cities, under its aegis. The watershed moment came soon after the company announced that it has achieved 1 lakh auto dealers on its online platform.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): After the roaring success of DPT Feb edition that drew over 1200 entries, Adda52.com- India's largest poker site and Deltin Royale- India's largest and most luxurious casino have announced yet another exciting edition of the Detlin Poker Tournament (DPT). This time around, the tournament has upped the prize pool to a whopping Rs. 2.25 Crore and will be six days long starting from 19th April 2017.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): L&T Technology Services Limited, a leading global pure play engineering services company inaugurated its new center of excellence dedicated for a leading German Original Equipment Manufacturer (OEM) in Munich Germany, its fourth delivery center for the customer following R&D hubs in Mumbai, Bangalore and Mysore in India.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Volano Entertainment Pvt. Ltd., India's leading participative sports firm hosted an adrenaline-pumping event, the 'Swift Devils Circuit' in Delhi NCR which saw participation from over 8000 individuals. The event took place on Sunday - 19th March 2017 at Sector 98, Noida.

Full Story >>