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The central government has tightened the regime for a foreign-invested e-commerce company. The government has asked companies like Flipkart and Amazon to not offer Exclusive Deal. Due to this, the price of items is affected. Apart from this, companies will not be able to sell products from other companies that have their share of 1.
1. The revised policy of FDI in online retail will be applicable from February 2019. It has been said that e-commerce companies provide all vendors with similar services without any discrimination.
It has been said in the policy that no vendor is permitted to sell more than 25% of its production on an e-commerce company’s platform. E-commerce companies will not tell any distributors to sell their product only on their own platform.
The benefit of cash back to the buyer should be fair and discriminatory. Companies will have to submit certificates to RBI on September 30 every year regarding the compliance of these guidelines.
The purpose of research in the rules is to protect the interests of domestic companies. Domestic businessmen complain that e-commerce companies are being given a large discount to the buyer.
Snapdeal welcomes the modified policy. While Amazon is currently studying it. The merchants’ association welcomed this decision.
Gujarati News Papers: Read All News At One Place
A newspaper is a serial publication containing news about current events, other informative articles about politics, sports, arts, and so on, and advertising. A newspaper is usually, but not exclusively, printed on relatively inexpensive, low-grade paper such as newsprint. The journalism organizations that publish newspapers are themselves often metonymically called newspapers.
Newspapers developed in the 17th century, as information sheets for businessmen. By the early 19th century, many cities in Europe, as well as North and South America, published newspapers. As of 2017, most newspapers are now published online as well as in print. The online versions are called online newspapers or news websites.
Divya Bhaskar report
news 18 report