In a recent development in India, the government has announced new regulations for the e-commerce sector. The new rules aim to tighten control over the online retail market, particularly focusing on foreign e-commerce companies operating in the country. These regulations come in the wake of concerns raised by domestic traders about unfair business practices by foreign e-commerce giants. As per the new guidelines, e-commerce companies like Amazon and Flipkart will now have to ensure that none of their related entities or sellers on their platforms have exclusive deals with them. Additionally, they are required to provide a level playing field for all vendors. The government has also put restrictions on flash sales, a popular tactic used by e-commerce platforms to offer discounts for a short period. The move is seen as a step towards protecting the interests of small and medium-sized businesses in India, who have often complained about being marginalized by big e-commerce players. These regulations are expected to bring more transparency and accountability to the e-commerce sector in the country. It remains to be seen how these new rules will impact the operations of major e-commerce companies in India and whether they will lead to a more competitive and fair market environment. The government’s decision has been met with mixed reactions, with some lauding it as a positive step towards empowering local businesses, while others are concerned about the potential impact on consumer choices and overall market dynamics.

Posted in
JUST IN
“India’s COVID-19 vaccination drive sees over 3.5 million shots administered in a day, a new record”
In Trend

India and New Zealand Resume Free Trade Agreement Talks to Boost Economic Ties and Address Market Access.
