Modi govt is under pressure from small traders, a traditional support base for the ruling BJP, to act against the big online retailers
Retailers of mobile handsets have been the biggest casualty of the Indian consumer's growing love affair with online shopping
Traders' body CAIT on Sunday demanded a high-level enquiry by the Centre to probe the "unholy nexus" of e-commerce firms, companies owning brands and banks for causing price distortion in the country's e-commerce market. Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT) also urged Prime Minister Narendra Modi to constitute a Group of Ministers (GoM) to look into the alleged distortions, both in the e-commerce and brick & mortar format of retail. Union Minister Piyush Goyal had earlier this week said that the government was looking into alleged predatory pricing by Walmart-owned Flipkart and Amazon. In a statement, CAIT claimed that not only e-commerce firms like Amazon and Flipkart, but a large number of companies owning brands, particularly in mobile, FMCG, electronics, electrical appliances, footwear, garments and other sectors, and various banks are also responsible for distortion in prices of different products on online portals. "It is ...
This comes at a time when Commerce Minister Piyush Goyal has gone public on foreign majors
Goyal said that he held a series of meetings with both Indian and foreign players, including from the US, in the e-commerce sector to understand their issues.
According to sources, some e-commerce firms have asked the government to extend the date
Regulating new economy requires new thinking
The size of the e-commerce market will grow at least sevenfold to capture 11.4 per cent of the retail market by 2026 from 3 per cent in 2017, says a Deloitte report
Flipkart, Amazon look to leverage the country's vast cache of handloom and hand-crafted products to push the cart on sustainable fashion
Talks are at an advanced stage with Nokia and Motorola that plan to introduce TV models in the Indian market
The draft e-commerce policy has proposed setting up a legal and technological framework for restrictions on cross-border data flow
A slowdown in the residential market is prompting developers to tap the logistics sector.
'For some of us who have been compliant all along, this gives us an opportunity to consolidate the business while rivals are otherwise busy,' says Vijay Shekhar Sharma
Experts say any slowdown in growth of e-commerce companies could result in an adjustment to the number of blue-collar workers they engage
Both the giants are staking claim to leadership in India's e-commerce market as the festive sale came to an end on Monday
Emerging markets are on the brink of a major digital revolution," says Nimisha Jain, a BCG partner in New Delhi
Study said one out of three customers currently makes transactions through mobiles in tier-1 and tier-2 cities
Online market had grown by 19% in previous financial year, 2016-17