Says Flipkart business has now reached over 300,000 marketplace sellers and PhonePe business has more than 300 million users
Stand on marketplace draft at variance with Tatas
Goyal's comments on Tata came after the conglomerate was reportedly among most vociferous in telling the govt that proposed e-commerce rules will have a major impact on its business
Commerce Minister's comments at CII meet stir a hornet's nest
Union minister Piyush Goyal flagged concerns about the influence of big online retailers that is adversely impacting small players
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Facebook Pay is arriving on other online shopping platforms, starting with e-commerce platform Shopify, that will help businesses ensure a seamless checkout experience
Amazon India's overall fulfilment network will be spread across a floor area of more than 10 million square feet which is more than the land size of 125 football fields
Says proposed amendments will increase compliance liabilities, can affect investor sentiment globally especially with respect to 'Ease of Doing Business'
Earlier deadline was set for July 6; companies now have till July 21 to submit their views
Idea is to give 'free and fair' choice to buy products on online platform
LocalCircles study says 64% want the rules across "all electronically sold services like app-based food delivery, app taxis, home repair, salon, airline & railway ticketing, OTT subscription, payments
Amid reports to extend deadline for submission of comments on draft e-commerce rules, CAIT has described such requests as delaying tactics, said there is no need for any extension of deadline.
Govt's tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country's online retailers
Domestic traders' body CAIT on Sunday urged the government not to dilute the draft of e-commerce rules under any pressure of foreign-funded online firms. In a communication to Prime Minister Narendra Modi, the Confederation of All India Traders (CAIT) said it has been observed that voices of terming the rules as stringent is being created. "In the wake of expected pressure tactics of foreign funded e-commerce companies against the draft of e-commerce rules...(we urged) him (prime minister) to ensure that no dilution is made in draft of e-commerce rules under any pressure," CAIT said in a statement. The draft rules after examining the suggestions and objections should be notified without any further delay, it added. It alleged that unethical and law violating business practices of foreign funded e-commerce companies has forced closure of a large number of shops in the country. "Traders of India are not against e-commerce but are of the considered opinion that e-commerce is the mos
The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented
The government plans to revise the e-commerce regulations in the country and bring about stricter norms, wherein the much talked-about flash sales may prohibited.
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Online as a percentage of sales for FMCG companies has touched 8-9 per cent for some firms versus 5-6 per cent a few months ago.
Experts say levy will cause compliance problems for taxpayers, having come so late. Companies will have to do a lot of adjustments in their own systems while trying to comply with this newly clarified