This is Mukesh Ambani’s plan to take on Amazon, Flipkart

April 17, 2019

As a precursor to the launch of its own business-to-consumer (B2C) marketplace that will sell everything from food to fashion, Mukesh Ambani’s Reliance Industries has started withdrawing its clothes, shoes and lifestyle products from would-be rival marketplaces like Amazon and Flipkart. These include its own as well as global brands for which the group has selling rights in India. The process of withdrawals has gathered pace in recent months as…

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NPS New Rules Notified: Government employees to get this benefit from Central government

April 17, 2019

The new rules impacting the National Pension System (NPS) have been notified by Ministry of Finance. In a notification dated January 31, 2019, the ministry had made the amendments based on the Union Cabinet meeting on the 6th December 2018, which had approved certain proposals for streamlining the National Pension System (NPS). Enhanced contribution One of the proposals was for enhancement of the mandatory contribution by the Central Government for its employees…

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