Page 6 - E-commerce Rules

Govt looks into Flipkart, Amazon discounts after retailer complaints

Confederation of All India Traders alleged Amazon and Flipkart were violating the foreign investment rules

Govt refuses to budge on FDI compliance by e-commerce companies

According to the notification by the finance ministry, e-commerce companies have to obtain statutory auditor report by September-end for the preceding financial year

DPIIT received complaints of e-commerce firms offering discounts: Goyal

The Reserve Bank of India (RBI) administers the FEMA and Directorate of Enforcement is the authority for the enforcement of the act

Some e-commerce companies are indulging in predatory pricing: Piyush Goyal

Global economic outlook is facing grave challenges amidst growing protectionism and rising trade tensions, said Piyush Goyal

E-tail norms to protect consumers may hurt ease of doing business: IAMAI

India jumped 14 ranks to 63rd position in the World Bank's "Doing Business" list released last month and was also among the top 10 progress making countries

Letter to BS: Govt needs to focus on increasing its revenue from GST

The government needs to focus on increasing the revenue on GST and help the retailers achieve a good margin.

Deep discounting not part of ease of doing business, govt tells e-tailers

New Delhi/Bengaluru, 28 October Being allowed Predatory discounting and a conducive business environment are not the same thing, the central government plans to make clear to digital commerce entities. In the e-commerce policy it is preparing, this point will be underlined, say sources in the commerce ministry.'Deep' discounting has been a constant complaint of traders and offline (traditional) selling entities. "E-commerce players keep saying that the business environment needs to improve; it should be more open, so that more foreign investment comes in. Butm when you do a deep dive, their main bone of contention is around the discounts and sales they hold, and the protests around it. These two things are completely different and in the e-commerce policy, we will make this clear. We, under no circumstances, will allow or condone predatory pricing," said a senior in the ministry.The policy is, after delays, likely to be ready only next year. The policy might not only limit the ...

RCEP's last leg: E-commerce, 'most favoured nation' are the new hurdles

Based on India's existing free-trade agreement (FTA) with Asean, the RCEP will include all the nations with which the 10-nation bloc has trade deals

CCI to give e-commerce firms advisory on discounts as trader protests grow

This comes at a time when Commerce Minister Piyush Goyal has gone public on foreign majors

Predatory pricing: Goyal summons Amazon, Flipkart to discuss CAIT complaint

CAIT says there must be a govt audit of how e-commerce portals function, including the business done by sellers and their authenticity

Neutrality of e-commerce marketplace important to sellers, says survey

According to the survey, 89 per cent of the respondents said neutrality of the marketplace was important as a core principle

Criteria for identifying risky exporters not made clear by CBIC: Expert

A subsequent Circular, says that only a miniscule percentage of export consignments are being selected for examination on account of risk associated with fraudulent availment of IGST refunds

E-commerce norms to boost offline revenues by up to Rs 12,000 cr: CRISIL

Tighter norms for e-commerce players could help boost revenues of brick and mortar (B&M) retail stores by 150-200 basis points (bps) or Rs 10,000-12,000 crore in the 2020 fiscal, according to ratings agency CRISIL. "Revenue growth of B&M retailers could increase 150-200 bps in fiscal 2020, as e-retailers re-engineer business models to conform to the revised and more stringent regulations, which would slow down their revenue growth," CRISIL said in a statement. In December, the government introduced new regulations that would bar online marketplaces with foreign investments from selling products of the companies where they hold stakes, and ban exclusive marketing arrangements. These norms, which are effective February 1, would hit Amazon and Walmart-backed Flipkart the hardest. These two ecommerce platforms are also the largest in the country. "Nearly 35-40 per cent of e-retail industry sales, amounting to Rs 35,000-40,000 crore, could be impacted due to the tightened ...