Business/Economy
Amazonís India operations face FDI scrutiny to check the policy compliance - Deepshikha Sikarwar, Economic Times
The government has begun a close examination of Amazon's local operations to see if it's in compliance with the country's foreign direct investment (FDI) policy following the Seattle-based online seller's run-in with the Karnataka government's commercial taxes department. The scrutiny follows a request by the Karnataka state government to the finance ministry that it has forwarded to the department of industrial policy and promotion (DIPP), two government officials familiar with the development told ET. 
New govt body to have power to initiate product recalls - Avishek Dastidar, Indian Express
India is gearing up to establish its first ever authority with the power to initiate mass-scale product recall. Designed on the lines of the Federal Trade Commission of the US, the authority will intervene with class action against manufacturers or providers of services whose faulty products have impacted a large number of buyers.
LabourMin drafts separate Bill to regulate small factories - Surabhi, Indian Express
Micro, small and medium enterprises employing up to 40 workers will now be brought under the ambit of a new labour law that is, however, poised to cut down on cumbersome procedures by permitting online registration of units and e-filing of compliance returns by employers through a single unified form.
Ask CoalMin to draw auction roadmap: PowerMin to PMO - Priyadarshi Siddhanta, Indian Express
The power ministry has petitioned the Prime Minister’s Office to direct the coal ministry to finalise a policy on auctioning of coal blocks for companies whose functional mines have been de-allocated by the Supreme Court. It has suggested that pending a blueprint on auctions, the coal ministry should ensure steady fuel supplies to the firms.
Japanese auto component firms eye bigger pie of Indian market - Shally Seth Mohil & Maulik Pathak, Mint
“We are here as we have a future in India,” said Kazuhisa Takai, vice president at Sakura Autoparts India Pvt. Ltd. Takai’s firm is one of eight Japanese auto component firms setting up manufacturing facilities in the outskirts of Chennai for India Yamaha Motor Pvt. Ltd’s second factory in the region.
India may have to wait for automatic exchange of Swiss info - Pioneer
India may have to wait longer for joining “selected” countries with whom Switzerland plans to do automatic exchange of information on tax matters, even as Indian and Swiss officials will meet soon to iron out their bilateral arrangements on suspected tax evasion cases.
Germany eyeing skilled workers from India, Indonesia - Vineeta Pandey, Pioneer
A country that claims success for first x-ray, first petrol car and first computer, today is scouting for experts and workers to run its industries. With skilled work force in technology-smart country Germany fast depleting, particularly in the area of science and technology, Germans are now started targeting India, Indonesia and Vietnam to identify skilled workers to work for them.
Vodafone: Right call - Business Line
The Bombay High Court’s ruling setting aside a tax demand of around Rs. 3,200 crore on Vodafone India in a case involving alleged under-pricing of shares issued to its Mauritius-based holding company should be welcomed. 
Food security: India toughens stand at WTO - Amiti Sen, Business Line
India has decided to strike a harder bargain on food security at the World Trade Organisation than it did in July. It wants restrictive conditions attached to the use of the peace clause dropped.
As 17 exchanges face closure, investors in over 3,000 companies could be left in the lurch - Lokeshwarri SK, Business Line
With Madras, Bangalore, Delhi, Ahmedabad and 13 other stock exchanges set to shut operations in compliance with a Securities and Exchange Board of India (SEBI) order, lakhs of investors will be left in the lurch. Investors holding shares in more than 3,000 companies, with market capitalisation running into thousands of crores, are likely to be affected as a result of the market regulator’s move to shut down non-operational stock exchanges.
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