IndiaCatalog.com
India News
Search Web Directory
News Home
Predatory pricing: Goyal summons Amazon, Flipkart to discuss CAIT complaint
Posted on 10th October 2019
The leadership of e-commerce giants Flipkart and Amazon India has been called by Commerce and Industry Minister Piyush Goyal for a meeting on Thursday to discuss charges against them by the Confederation of All India Traders (CAIT).

The trader body met him on Wednesday with what it said was evidence of ‘deep discounting and predatory pricing’ by both the entities at their recent festive season sale. According to sources, the minister had earlier planned to meet Amazon India and Flipkart a few weeks later. However, after a CAIT delegation met Goyal with ‘proof’, the minister called the meeting on Thursday.

A Delhi-based body, CAIT describes itself as a premier representative of small and medium-size traders. It has been a strong advocate for this traditional (brick and mortar) segment and critical of the online one.

Sources in both companies said who was to be in the delegation to meet the minister was still being decided. “Senior leadership, public policy team members and seller ecosystem managers would all be part of the meeting. But, if the top bosses for both Amazon India and Flipkart will be there is still being decided,” said a source in the know.

The CAIT delegation was led by its secretary-general, Praveen Khandelwal. There was also Arvinder Khurana, president, All India Mobile Retailers Association, and Dhairyasheel Patil, president, All India Consumer Products Distributors Federation. Guruprasad Mohapatra, secretary of the department for promotion of industry and internal trade and other officers attended.

"The minister firmly said the government was committed to implement the FDI (foreign direct investment) policy in its letter and spirit. No predatory pricing or deep discounting will be allowed under any circumstances. Any re-routing of business in e-commerce will not be allowed. E-commerce companies will have to work only as a marketplace, as spelt out in FDI policy," Khandelwal said.

CAIT said Goyal directed the Mohapatra to call both the firms to clarify on the points raised. A joint meeting with CAIT might also happen later.

“The minister assured the delegation that if need arises and unethical business practices are proven, the government might order an investigation," said Khandelwal.

CAIT says it has given various items of evidence on predatory pricing, deep discounting, exclusivity and promoting of preferred sellers on the platforms of various e-commerce companies. And, that much against the intention of FDI policy, these companies are greatly influencing prices and creating an uneven playing field, prohibited under the policy.

CAIT says there must be a government audit of how e-commerce portals function, including the business done by sellers and their authenticity. And, as an interim measure, a ban on the portals.

"The system of cash on delivery should be stopped and all payments by consumers should be made digitally. An e-commerce ombudsman should be constituted to look into the grievances of the consumers. The condition of data localisation should be made mandatory for such e-commerce companies," said Khandelwal.

Related Companies: Amazon India   

Other Latest News
AIMPLB to decide on filing Ayodhya verdict review petition in SC today
Posted on 16th November 2019
The All India Muslim Personal Law Board (AIMPLB) is likely to take a call on whether to file a review petition in the Supreme Court's final verdict in the Ayodhya land dispute case.

A meeting of AIMPLB is expected to take place today in Lucknow to decide on call to be taken by the board in the Ram Janmabhoomi-Babri Masjid case verdict by the Supreme Court.


Maharashtra: BJP afraid MLAs may defect, says NCP’s Nawab Malik
Posted on 16th November 2019
The Maharashtra BJP is bedevilled by the trepidation that politicians who joined the party ahead of the October 21 Assembly polls will defect and, hence, its leaders are claiming they will form government in the state, the NCP said on Saturday. NCP chief spokesperson Nawab Malik made the remarks a day after Maharashtra BJP chief Chandrakant Patil said his party will soon form the government and claimed it can count on the support of 119 MLAs, including Independents, in the 288-member Assembly.

SAT pulls up Sebi for 'shabby' handling of complaints from investor
Posted on 16th November 2019
The Securities and Appellate Tribunal (SAT) has hauled up the Securities and Exchange Board of India (Sebi) for giving computer-generated response to investor complaints filed on its online platform Scores and for disposing of the matter without settling the case.

“We find the approach adopted by Sebi to be a strange one. Such computer-generated disposal of a serious complaint speaks volumes on the conduct in treating the minority shareholders in this shabby manner,” the tribunal said while delivering a judgment on a matter related to an investor complaint.


US to extend licence for its firms to continue business with Huawei: Report
Posted on 16th November 2019
The Trump administration is set to issue a two-week extension of a licence allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.

The extension of around two weeks is far shorter than the prior 90-day extension and a longer extension is in the works but has not yet been finalised due to regulatory hurdles, said one source who was briefed on the matter.


SC sets aside NCLAT order, paves way for Arcelor to acquire Essar Steel
Posted on 16th November 2019
The Supreme Court on Friday brought down the curtains on an epic battle for debt-laden Essar Steel, paving the entry of the world’s largest steel maker, ArcelorMittal, into the second-biggest steel market, India.

In a ruling that would have a far-reaching impact on cases under the Insolvency and Bankruptcy Code (IBC), the apex court has set aside the National Company Law Appellate Tribunal (NCLAT) order that put a different class of creditors — financial vis-a-vis operational creditors as also secured and unsecured financial creditors — on a par.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Predatory pricing: Goyal summons Amazon, Flipkart to discuss CAIT complaint
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Predatory pricing: Goyal summons Amazon, Flipkart to discuss CAIT complaint

Most Read News

There will be Shiv Sena CM in Maharashtra, no matter what: Sanjay Raut

Supreme Court: CJI Ranjan Gogoi's last working day today, Bar Association to organise farewell ceremony

Govt must read ‘extremely important’ dissent order in Sabarimala verdict: Justice Nariman

Amazon challenges Pentagon's $10-billion cloud deal with Microsoft

Women's entry at Sabarimala: Supreme Court refers matter to larger bench

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement