India’s diamond industry, already reeling from COVID-19, has been dealt another blow, with the introduction of a 2% online sales tax. The so-called Equalization Levy will be applied to all sales made by any foreign e-commerce operator – including suppliers of rough or polished diamonds – to any resident or business in India. The government […]
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]]>EBay may be known globally as one of the big names in the online retail world, but the company is going to open a concept store in the UK for a limited period, populated by small businesses that it’s been working with. The aim is that small businesses will be able to sell and showcase […]
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]]>India will ban e-commerce companies such as Amazon.com and Walmart -owned Flipkart Group from selling products from companies in which they have an equity interest. In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers. The new rules will be applicable from February 1. “An […]
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