×
774
Fashion Jobs
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Thanjavur
Permanent · Thanjavur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Karjat
Permanent · Karjat
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Darjeeling
Permanent · Darjeeling
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ankleshwar
Permanent · Ankleshwar
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Pali
Permanent · Pali
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kurseong
Permanent · Kurseong
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kumbakonam
Permanent · Kumbakonam
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Dausa
Permanent · Dausa
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Siana
Permanent · Siyana
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Tirupur
Permanent · Tiruppur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kashipur
Permanent · Kashipur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Dibrugarh
Permanent · Dibrugarh
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Aurangabad
Permanent · Aurangabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Palitana
Permanent · Palitana
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Rajgir
Permanent · Rajgir
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Gandhidham
Permanent · Gandhidham
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Tirupati
Permanent · Tirupati
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Lonavala
Permanent · Lonavala
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Durgapur
Permanent · Durgapur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Balasinor
Permanent · Balasinor
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Panhala
Permanent · Panhala
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ranchi
Permanent · Ranchi
Published
Apr 12, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Flipkart, Amazon violating FDI norms, says RAI

Published
Apr 12, 2018

The Retailers Association of India (RAI), a group that represents brick-and-mortar retail stores across the country have sought government’s intervention on the alleged violation of norms by leading e-commerce firms Flipkart and Amazon.
 

Shutterstock


The association which has top retail majors like Future Group and Reliance Retail have alleged that the online marketplaces are influencing prices on their platforms and illegally funding “abnormal discounts” and are thus in violation of foreign investment norms of the land.
 
According to a report in the Economic Times, The Retailers Association of India (RAI), in a letter to commerce and industry minister Suresh Prabhu have said that e-commerce marketplaces have found a way to circumvent restrictions placed on such models in Press Note 3 in 2016, through which India spelt out regulations for such operators, the report suggests. The FDI policy forbids marketplaces from participating in pricing directly or indirectly, but these companies are not only influencing selling price but also selling own brands/private labels through website.

The letter reviewed by the ET states, “Marketplace operators/technology platform providers have been operating against the spirit of the policy for some time now. There is an ambiguity around these guidelines which can be worked around by marketplace operators to overcome the restrictions defined in the B2C ecommerce policy.”
 
“This means that they can continue to operate against the spirit of the policy with no checks and balances,” the letter added.
 
Future Retail Joint Managing Director Rakesh Biyani said, “The government policy states that e-commerce players should not be allowed to participate in pricing and should not invest money in discounting. If one particular channel is misusing its money power to discount the product at a faster rate and the other channel is unable to match the price, it shrinks the market,” he recently told PTI.

Copyright © 2022 FashionNetwork.com All rights reserved.