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The new rules, coming ahead of a general election, were seen as a bid by Modi to placate small traders, who had for years complained about business practices of large e-commerce players. They form a key voter base for Modi who is facing a tightening election in the next few months 18k gold cufflinks. The idea of the policy was to foster healthy competition and promote India’s e-commerce, an Indian government official involved in trade issues said, defending the curbs on the big firms. But companies disagree and decry such sudden policy changes..
“These types of actions can really put a negative view on India as an investment destination,” one of the sources said. India last year also announced proposals to force foreign companies to store more of their user data locally, in a bid to better conduct legal investigations. U.S 18k gold cufflinks. lobby groups had voiced concerns about those proposals too, saying they made it difficult for companies to do business in the country. If the United States eliminates duty-free access for about 2,000 Indian product lines, it will mostly hurt small businesses such as jewelry, said one of the sources. The number of goods qualifying for preferential treatment could be reduced, or the whole program could be withdrawn..
There was no response to a request for comment from the USTR or the U.S. Embassy 18k gold cufflinks. India’s trade ministry also did not answer questions emailed to them about trade differences with the United States. But an Indian government official briefed on the trade discussions said the trade package under which the two sides were negotiating better access to each other’s farm and dairy markets was unlikely until the elections in India this spring. Talks on U.S. demands to relax India’s decision to cap prices of medical devices made in the United States had also got stuck, the official said..
PARIS (Reuters) – Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week’s first-half results but calling for boardroom changes and better margins. Elliott, which has built a stake of just over 2.5 percent in Pernod Ricard, has called on the family-backed group to raise profit margins to bring them more into line with British rival Diageo. Elliott has suggested 500 million euros (437 million pounds) in cost cuts and options such as merging with another spirits company 18k gold cufflinks.
The hedge fund, which has become increasingly active in Europe in recent years, issued a statement on Friday after Pernod’s results this week when the group raised its profit growth outlook for 2018-2019 and unveiled new margin goals in a three-year strategy plan. “Pernod’s half-year earnings announcement confirmed the strong growth potential and solid financial performance of the company 18k gold cufflinks. It also reflected a first small step in starting to address the company’s shortcomings in operational efficiency,” Elliott said..