Saturday, February 5, 2022
Government says has received complaints against online firms alleging FDI policy violation
Any violation of FDI regulations are covered by the penal provisions of the FEMA (Foreign Exchange Management Act). The Reserve Bank of India (RBI) administers the FEMA, while the Directorate of Enforcement (ED) under the Ministry of Finance is the authority for the enforcement of the Act. https://ift.tt/xUcol7A
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A profile of Zach Frankel, a secretive and unusually hands-on solo investor who wrote the first checks to startups like Ramp, Cognition, and Applied Compute (Jemima McEvoy/The Information)
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Amid government scrutiny over its various trade practices, the firm has been able to hold on to a set of consumers looking for cheaper goods...
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