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.
Business Standard brings to you the top headlines on Thursday
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
The industry has been asked to send inputs in writing within a week to the government for further consultation
The latest draft e-commerce rules build on laws that curb the two US companies from offering deep discounts, deter exclusive arrangements with preferred sellers
B2B e-commerce major Udaan on Sunday said it added about one lakh new businesses last year on the platform under its Lifestyle segment under which over 230 million products were shipped.
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Minister of State for Commerce Som Parkash on Friday said the government will not spare any efforts in maintaining a level-playing field in e-commerce
The development comes at a time when Amazon and Flipkart are hosting their biggest festive sale events. The firms have been asked to reply to the notices within 15 days.
The company also said this is part of a programme to onboard 50,000 kiranas across the country to provide a faster e-commerce experience to its consumers.
It has tied up with Morgan Stanley as a JV partner for the warehousing business and will be concentrating on Bengaluru followed by Mumbai, Hyderabad, Chennai and Pune
The new Act will introduce product-liability legislation and regulate online players more stringently
Instead of mandating e-commerce firms to declare the country of origin of products they hawk, the effort should be to help them bounce back
The companies have been told to come back for the next meeting in about two weeks and provide suggestions and provide information about the challenges they may face to implement the said feature
Pricing - a prime complaint of domestic retailers - is set to be the focus, with the government considering an annual review of discounts given by e-marketplaces.
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One should worry, of course, about what this is doing to one small business sector in particular that was already under stress: Bookshops