×
157
Fashion Jobs
NEEJ
Business Development Manager
Permanent · MUMBAI
LIFESTYLE BRANDS
Regional Sales Manager, Peter England - Bangalore
Permanent · BENGALURU
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KOTHAGUDEM

CAIT requests minimum operating prices to counter predatory pricing

Published
today Nov 18, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The Confederation of All India Traders has requested the Union Government’s Commerce and Industry Minister Piyush Goyal to create a “minimum operating price” for products to fight against predatory pricing.

CAIT believes that enforcing minimum operating prices on goods will prevent predatory pricing - CAIT- MAHA- Facebook


CAIT sent a letter to Goyal on November 17 to request MOPs for products and that the government hold a meeting with stakeholders on the issue. The traders’ organisation accused e-commerce businesses of colluding with banks to charge exceedingly low prices for goods which is depriving the government of goods and service tax revenue. 

"Under the circumstances and visualising it as a price war, we suggest it is the high time when the government must step in and enforce the fundamental of Minimum Operating Price (MOP) which is the price consisting of landing price, operational cost and reasonable profit margin and below the MOP no product should be sold in the market," read CAIT’s letter, the Press Trust of India reported.

The organisation argued for a policy that covers both online and offline trade. CAIT also asked for an end to “cash on delivery” for online purchases, arguing that all goods bought online should be paid for through digital payments.  

In order to ensure that businesses enforce MOPs, CAIT suggested the creation of a regulatory authority which would also examine all retail trade. CAIT is currently organising protests across India against foreign-owned e-commerce businesses Flipkart and Amazon and has accused them of predatory pricing which it believes is negatively impacting Indian traders.

Copyright © 2019 FashionNetwork.com All rights reserved.