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What this historic deal means for Indian retail in long run.There are many apprehensions lets try to address one by one.
Regulatory Authority For E-commerce is Badly Needed
The retail industry has welcomed the latest amendment in FDI policy. This development will certainly help MNCs such as Apple, Xiaomi and OPPO to scale up their presence in the country.
The current FDI policy clearly states that the online retailers, who have enrolled for FDI, can only act as a marketplace by providing their technology platform.
CAIT has reached to the DIPP post an advertisement in newspapers announcing the sale of an item together with its discounted price to be available on Flipkart’s portal which is said to be a marketplace.
As Union Budget 2016 is around the corner, main expectation of city industrialists and businessmen is a hike in the excise duty limit, taking it up to Rs5 crore and a reduction of corporate tax from 30% to 20%.
The apex body of small traders, Confederation of All India Traders (CAIT), has decided to launch its own ecommerce portal in the next three months.
Betting big on the e-commerce industry,Commerce and Industry Minister Nirmala Sitharaman discussed various issues related to foreign direct investment (FDI) in the online-commerce sector with several stakeholders, including Flipkart, Snapdeal and industry
Parliament was informed about CCI receiving complaints against e-tailers involved in unfair trade practices through online schemes and offers.
CCI has received a complaint against online retailers including e-commerce major Flipkart for alleged unfair business practices and will soon take a call on probing the matter.
Chinese electronics major Lenovo is working on bringing in differentiated products for the two platforms to offer a wider choice of devices to end-consumers, says a PTI report.
Traders body CAIT today said it will launch a nationwide movement from October 31demanding the government to create a regulator and regulations to govern the online retail market in India, says a PTI report.
New Delhi: After receiving “many complaints” from traders on Flipkart’s massive discount sale, the government on Friday said it will look into the concerns and take a call on whether more clarity is required on e-commerce retail business.
Expressing concerns over huge discounts being offered by e-commerce firms, traders body CAIT today asked the Commerce and Industry Ministry to take steps to monitor and regulate online businesses, says a PTI report.
CAIT called for a probe in the business model and trade practices of e-commerce companies to find out how they are offering huge discounts during the ongoing festive season.