Traders have blamed the likes of Amazon & Flipkart for poor Diwali sales and want govt to regulate them. But e-commerce is only a small part of retail business.
Swadeshi Jagran Manch, CAIT accuse e-commerce giants of practising predatory pricing, want govt to probe why banks are offering cash-backs on these platforms.
SpiceJet is expanding its nascent cargo-hauling arm SpiceXpress to fill the growing need for overnight shipping services in a market fueled by Amazon.com Inc. and Walmart Inc.’s Flipkart.
New rules will require platforms to declare details about sellers, terms of contract with seller relating to return, refund, exchange, warranty, delivery.
New Delhi is interested in firming up bilateral agreements for increased trade, mobility, upgrade of Su-30 MKI fighters and the increased range of BrahMos supersonic missiles.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
In my opinion govt. should consider themselves fortunate that the problem like PREDATORY PRICING, DEEP DISCOUNTS have came to their notice when the e-commerce sector which is helmed as the new way of marketing vaguely preffered by the millennials. That to at a stage when when e-commerce sites are not a monoply or at least have a dominant share in retail business.
Thus coming with regulations for these sites on pricing will be a welcome step because if not it can have negative repercussions :
1. When a monoply is created based on predatory pricing it is at the cost of other business.
2. If any of these company become a monoply in the sector then it will develop as TOO BIG TO FAIL and any unforseen situation like their bankruptcy or other will have a adverse affect then.
Hence, there is need to bring out of box solution on this issue after listening to all the stakeholders.
I am not sure what “discount” means here.! E-commerce companies obviously have advantage in supply chain and they can easily discount over mrp by 50% or more.! This is not predatory pricing.!! It is reality and deal with it.
Second point is also not correct about in house brand. Again because it is in house their cost of supply chain is low and they can price it better. What’s problem with that?
And if flipkart thinks that they can offer better deal to oneplus etc then go ahead. Samsung mostly favors flipkart but nobody talks about that.
Let market prevail and bania class should stop markets from setting correct price. It is monopoly of bania class that should be highlighted instead and dealt with
Amazon and Flipkart have access to almost zero interest rate capital while Indian companies have capital cost of 10 to 12%. They are breaking all the rules and have zero regulation because of their lobbying in India. They are blood bathing the Indian retail market and soon they will be at dictating position in many sectors. At that time not only Indian economy but the end consumers will also be at their mercy. #eastindiacompany
#slavery
Ila mam i think your points are not valid. Because you are missing the main issue. The issue is predatory pricing and unethical discounts.
In any competition there are some rules amazon & flipkart giving unethical discounts because of these discounts the sale of retail markets or offline markets goes down.
We can’t wait that amazon & flipkart do monopoly in our markets.
And if they are only 3.5% of market shares so i think we have to concerntrate on betterment of our 96.5% shareholders.
The policies of Modi government have been anti-consumer. Every time RBI reduces interest rate, we lose interest income on our FDs. Last year,
In my opinion govt. should consider themselves fortunate that the problem like PREDATORY PRICING, DEEP DISCOUNTS have came to their notice when the e-commerce sector which is helmed as the new way of marketing vaguely preffered by the millennials. That to at a stage when when e-commerce sites are not a monoply or at least have a dominant share in retail business.
Thus coming with regulations for these sites on pricing will be a welcome step because if not it can have negative repercussions :
1. When a monoply is created based on predatory pricing it is at the cost of other business.
2. If any of these company become a monoply in the sector then it will develop as TOO BIG TO FAIL and any unforseen situation like their bankruptcy or other will have a adverse affect then.
Hence, there is need to bring out of box solution on this issue after listening to all the stakeholders.
I am not sure what “discount” means here.! E-commerce companies obviously have advantage in supply chain and they can easily discount over mrp by 50% or more.! This is not predatory pricing.!! It is reality and deal with it.
Second point is also not correct about in house brand. Again because it is in house their cost of supply chain is low and they can price it better. What’s problem with that?
And if flipkart thinks that they can offer better deal to oneplus etc then go ahead. Samsung mostly favors flipkart but nobody talks about that.
Let market prevail and bania class should stop markets from setting correct price. It is monopoly of bania class that should be highlighted instead and dealt with
Totally agree with your observations!!
Amazon and Flipkart have access to almost zero interest rate capital while Indian companies have capital cost of 10 to 12%. They are breaking all the rules and have zero regulation because of their lobbying in India. They are blood bathing the Indian retail market and soon they will be at dictating position in many sectors. At that time not only Indian economy but the end consumers will also be at their mercy. #eastindiacompany
#slavery
Ila mam i think your points are not valid. Because you are missing the main issue. The issue is predatory pricing and unethical discounts.
In any competition there are some rules amazon & flipkart giving unethical discounts because of these discounts the sale of retail markets or offline markets goes down.
We can’t wait that amazon & flipkart do monopoly in our markets.
And if they are only 3.5% of market shares so i think we have to concerntrate on betterment of our 96.5% shareholders.
Thanks to Flipkart i got ₹10k discount on Xbox one s. Long live free market capitalism. Consumer is king. Socialist modi murdabad. E commerce Zindabad
if you think Modi is socialist, wait for the opposition to win, it will be fun ….
My standards of free market capitalism are very high. So Modi is a mere two penny Socialist for me. Congress is communist.