Tag: Rule

Special: India programs overseas expense rule changes that could hit Amazon | Reuters | Enterprise

By Aditya Kalra and Krishna N. Das

NEW DELHI (Reuters) – India is thinking about revising its overseas financial commitment rules for e-commerce, three resources and a authorities spokesman instructed Reuters, a transfer that could compel gamers, which include Amazon.com Inc, to restructure their ties with some major sellers.

The government conversations coincide with a increasing variety of complaints from India’s bricks-and-mortar vendors, which have for a long time accused Amazon and Walmart Inc-managed Flipkart of creating advanced structures to bypass federal principles, allegations the U.S. companies deny.

India only will allow overseas e-commerce players to function as a market to connect customers and sellers. It prohibits them from keeping inventories of items and directly marketing them on their platforms.

Amazon and Walmart’s Flipkart had been last hit in Dec. 2018 by expense rule adjustments that barred overseas e-commerce gamers from providing merchandise from sellers in which they have an

SEC Approves Scaled-Back Disclosure Rule for Electricity, Mining Companies

The Securities and Trade Commission authorised an anti-corruption rule Wednesday requiring natural-methods organizations to disclose payments produced to international governments, while critics contended that it was watered down at the U.S. oil industry’s behest.

The rule, authorized with a 3-2 vote, tries to simplicity the compliance stress on oil, fuel and mining companies imposed by a provision of the Dodd-Frank Wall Avenue Reform and Client Safety Act that regulators have struggled to implement.

The controversial evaluate passed Wednesday along bash strains, with Democratic Commissioners stating the newest iteration of the rule—the SEC’s third attempt—was also weak. Republican commissioners, together with SEC Chairman

Jay Clayton,

expressed skepticism above the Dodd-Frank provision and whether the SEC was greatest-positioned to fulfill its policy objective.

Since the SEC declared its vote previous 7 days,