Marks & Spencer incorporates anti-bribery clause in Indian contracts

image As British retail giant “Marks & Spencer (M&S) is considering its expansion plans in India, it has added strict anti-bribery clauses in India contracts. The move comes at a time when the government has began investigation into bribery allegations against US retail giant “Walmart”, after it revealed a spending of $25 million in lobbying in US over the past 4 years, including issues related to "enhanced market access for investment in India."
M&S is installing an in-house structure to protect against malpractices and this will be applicable across its activities in India.

Month: Categories: Bills and ActsBusiness & Economy Current Affairs 2018

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RBI proposes to tighten provisioning norms NBFCs just as with banks

As per latest draft guidelines proposed by the RBI, Non-banking financial companies (NBFC) would need its approval before making changes in their ownership control.

As per the proposed guidelines which are based on the Usha Thorat Committee report:

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Month: Categories: India Current Affairs 2018Persons in News 2018

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