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The Dollar Business Bureau Mercedes Benz is planning to bring in BS VI emission compliant models into India in 2018. A press release to the media said that the company is also willing to forge partnership with oil firms for higher grade oil needed for these models. The car maker has already sought help from various ministries, including Ministry of Road Transport and Highways, which has asked them to get in touch with the oil and gas firms. "We would be ready as early as 2018. We could bring the first set of vehicles in 2018 into the country," Mercedes-Benz India Managing Director and CEO Roland Folger told PTI when asked about the company’s plans regarding launch of vehicles compliant with Bharat ...

The Dollar Business Bureau E-commerce player Amazon India has got a licence for operating mobile wallet or pre-paid payment instrument (PPI) in India as it is trying to compete against its rivals in e-commerce space, Paytm and Snapdeal, more aggressively. The approval for mobile wallet will help the online marketplace to leverage the booming market for digital payments in the country. “We are pleased to receive our PPI license from the RBI (Reserve Bank of India). Our focus is providing customers a convenient and trusted cashless payments experience,” Amazon India said in a statement. In December last year, the US-based e-commerce major had launched the Pay Balance service for cashing in on the boom in digital payments space. Like the services of other mobile ...

Ranjeet Mahtani & Sweta Rajan The Central Government is in the process of vetting the drafts of the Model GST laws. The game plan is for the revision of the drafts to conclude during the next meeting of the Goods and Services Tax Council on February 18, 2017, to ensure that they can be tabled before the Parliament in the second leg of the Budget Session commencing on March 9, 2017.  GST Rates The classification of goods across the 5-tier rate slabs (0%, 5%, 12%, 18% and 28%) is expected to be decided in May-June, 2017. Meanwhile, the Revenue Secretary has indicated that the applicable tax slab can be estimated based on a simplistic formula – the rate slab closest to the existing ...

The Dollar Business Bureau Finance Minister Arun Jaitley on Wednesday said that the government will continue with the tax reforms, repair the banking structure and to get moving stalled infrastructure projects to drive growth. However, it is not still ready to sell off its state-run banks.   On the top of economic policy priorities, Jaitley said that he was firm on sticking to a ‘very stiff’ timetable that foresees passing crucial enabling legislations for the new goods and services tax (GST) this season.   He said that once implemented, the new GST would have a ‘transformational’ effect by developing a common marketplace for the first time in the country, whereas also serving as a transfer mechanism that would support the poorer federal states.  The aim of ...

Her passion for fashion made her foray into the multi-brand luxury retail space. An alumnus of the University College (London), besides exploring potential overseas markets, Priya is helping bring premium luxury brands closer to e-shoppers in India. Neha Dewan | March 2016 Issue | The Dollar Business Priya Sachdev, Founder & CEO, Rock N Shop Her jet-setting schedule always keeps her on toes. But, as she says, it’s all about prioritising family and work life. Meet Priya Sachdev, Founder & CEO of Rock N Shop, an online marketplace that promises a unique luxury e-shopping experience. She is not new to the world of luxury and high fashion brands. As Creative Director of The Sachdev Group (TSG) International – her family enterprise – she has ...