Amazon, Walmart lobby to fight e-commerce rules
Amazon and Walmart find themselves on the same side for once. The bitter rivals have come together to lobby the Indian government on regulations that threaten to dampen their expansion ambitions. Among other things, the giant retailers are asking for an extension on a February 1 deadline for implementing those rules, according to people with knowledge of the matter.
They require online marketplaces to treat all vendors equally, effectively barring foreign companies from featuring exclusive products on their platforms, owning inventory, and thus being able to influence pricing and offer huge discounts.
Nice to see that our great "leaders" have made sure that no Indian digital or social media companies can survive in India. Our bright boys run Google, Intel, Microsoft, Cray, and hold prestigious chairs in top Universities in the world, yet our idiot leaders ensure India remains a digital pygmy, and the country a cesspool of physical filth and moral depravity. Chaddies or Congress - no difference in policies or procedures.
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Rohan - india
Whom have they appointed as middleman for lobbying ?
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Godfather Senior - Mumbai
Better to keep away at a distance these corporate rogues, whose monopoly would surely hit the Indian commerce. Lobbyists should be identified, prosecuted and punished !
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Why u are not paying GST on your products. U both said that u are mear a service provider and charge nothing from end customer so no GST but can't proove it . GOV have the right to tighten the noose.What for U all shouting.
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And by the way, one has to work with time to survive.
I am not ready to support government in this regard when govt itself allow FDI.
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Balaji Krishna - Bengaluru
Let the real market economy win. Undue discounts, predatory pricing should be banned. Both these US companies need to play fair game. Our kirana walas have to price and service better to survive.
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These ecommerce companies were only allowed to operate as marketplace model allowing third party indian sellers to sell online. Now what these foreign ecommerce companies have done and manipulated and violated the permission given given to them and have started selling themselves or by keeping stakes in there own preffered sellers. thereby depriving the offline retail sellers from the little they earn for there survival in there own country India .
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The shop owners have to get innovative by coming together and competing with these online platforms.
Amazon Flipkart (Walmart) what they are lobbying for? to sell products on discount? why? do they have noble intentions to help indians?? they both have only one intention Sell in loss, kill compitetion, create monopoly, dominate market