Flipkart and US-based Amazon -- the two largest players in the burgeoning Indian e-commerce sector -- are expected to be hit the hardest once the new norms come into effect from February 2019
E-commerce firms such as Amazon.com, Flipkart Group will not be able to sell products from companies in which they have an equity interest or form exclusive agreements with sellers from Feb 1.
All issues that still favour big e-tailers will be sorted out
Both online and offline traders in the country will now be able to sell their goods on e-commerce platforms in a transparent manner, said CAIT
An e-commerce marketplace cannot sell products from group companies where it has an equity stake
Fresh restrictions on online retailers are arbitrary
Flash sales, discounts may stop; Amazon, Flipkart could suspend selling products of subsidiaries
Small vendors are a worried lot over the condition on vendors to sell only 25% of their products through an e-commerce platform
These changes will come into effect from February 1
Shopping festivals by e-tailers has led to widespread discontent among offline players
The draft had suggested to introduce a pre-set timeframe for offering differential pricing or deep discounts by e-commerce players to customers
Previous draft policy had a clause against price distorting discounts
India's payments space has the growth potential of becoming a trillion-dollar industry in the next five years.
Millions of small retailers will be ruined if they don't get a level-playing field against online platforms, said members of the Uttar Pradesh Adarsh Vyapar Mandal.
The CBIC has come out with a list of 29 FAQs answering industry queries on the modalities to be followed by the e-commerce operators for deducting TCS
The final policy may be out only after formation of the new government, according to sources
Sign up, create a portfolio, start selling products and earn a dignified living
As a young population spends more time online, it shifts focus from buying necessities to improving quality of life. Going forward, the consuming class will surge further
Amazon India was one of the first movers in this space, starting a 'Project Udaan', since renamed Amazon Easy
Commerce ministry may soon restart discussions with all stakeholders before finalising policy