CCI gets complaint against online retailers

Fair trade regulator CCI has received a complaint against online retailers for indulging in alleged unfair business practices, Parliament was informed today.
"The Competition Commission of India (CCI) has received information alleging anti-competitive conduct in respect of certain online retailers," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
The information assumes significance as Flipkart's 'Big Billion Day' sale on October 6, that offered steep discounts on various products, had raised concerns among small and big traders that such campaigns would badly affect players in the traditional retail market.
Among others, traders body CAIT had demanded the Commerce and Industry Ministry take steps to monitor and regulate online businesses.

The Confederation of All India Traders had also sought a probe into the business model and trade practices of e-commerce companies to find out how they are offering huge discounts in the ongoing festive season.
Replying to a separate question on national investment and manufacturing zones (NIMZs), she said in-principle approval was given to as many as 17 zones out which nine are located outside Delhi-Mumbai Industrial Corridor.
"Master planning of all NIMZs under DMIC region has been completed except the Dadri Noida Ghaziabad Investment Region," she said.
NIMZs are conceptualised as integrated industrial townships of at least 50 sq km (5,000 hectares) with latest and modern infrastructure.