-Medianama.com Accusing e-commerce platforms of openly flouting FDI rules, traders’ body CAIT has asked Finance Minister Piyush Goyal to conduct an investigation into and place a blanket ban on festival sales by e-commerce companies for indulging in “predatory pricing” and “deep discounting”. Praveen Khandelwal, national secretary-general of CAIT, wrote to the minister on September 13 (see letter below), with “substantial evidence” of e-commerce companies indulging in predatory pricing and deep discounting. CAIT...
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Retail policy put on fast track
-The Telegraph The commerce ministry has also formed a committee to address the concerns of stakeholders on the draft e-commerce policy The government plans to come out with a draft national retail policy in the next 10 days amid strong opposition among small traders over the rapid expansion of online retail, led by multinationals, even as they grapple with the computerisation of their operations. The commerce ministry has also formed a committee to...
More »Centre revives plan to check e-tailers' discounts, freebies -Sidhartha
-The Times of India NEW DELHI: The government has revived plans to put e-commerce players on a tight leash, including imposing checks on discounting and unbridled cashbacks and freebies, in a bid to clamp down on “predatory behaviour”. Sources told TOI that the commerce and industry ministry is looking at ways to strengthen the e-commerce sector while safeguarding the interests of domestic retailers. Many of them are complaining about serious loss of...
More »40% drop in sales ahead of Diwali due to cash shortages says CAIT
-PTI As much as 40 per cent drop has been recorded in sales in markets across the country due to low footfall of consumers because of cash shortages New Delhi: As much as 40 per cent drop has been recorded in sales in markets across the country due to low footfall of consumers because of cash shortages, traders body CAIT said on Monday. With just 3 days for Diwali, “markets across the country...
More »Small businesses grapple with GST compliance -Surabhi
-The Hindu Business Line Automating the systems seems to be the biggest challenge New Delhi: With less than a week to go for the new indirect tax regime to kick in, small businesses are trying to understand the modalities of the goods and services tax (GST) as the compliance burden for them is set to significantly rise. Making a relaxation for small businesses, rules allow those with an annual turnover between Rs. 20...
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