Global economic outlook is facing grave challenges amidst growing protectionism and rising trade tensions, said Piyush Goyal
Modi govt is under pressure from small traders, a traditional support base for the ruling BJP, to act against the big online retailers
The tenure of such jobs is about 6-8 months, with Amazon and Flipkart creating the primary demand for labour
The traders' body has strongly objected to the business model of both the companies
The funding will help the US e-tailer take on Flipkart as well as competition from the yet-to-be-launched e-com business of RIL
CAIT has claimed that e-commerce companies Amazon and Flipkart and others were selling goods much below their market value thus denying the Government of its due legitimate GST revenue
The shift in spending from offline to online and a slow first half has helped push sales this October
Piyush Goyal says government 'politically compelled' to ensure that small businesses are not forced out
The Flipkart Big Billion Days sale started on September 29 and will continue until October 4
According to sources, some e-commerce firms have asked the government to extend the date
The estimate is in sharp contrast to the prevailing economic scenario in the country, with every other industry blaming slowdown for affecting businesses
Regulating new economy requires new thinking
Companies said a decision on the next step would be taken over the next few days
Imagine you have two buyers: one buyer looking for a small compact camera and another buyer looking for an SLR camera. How can you help people buy on more than price?