âThere is no place for price gouging on Amazon and in line with our policy we continue to actively monitor our marketplace and take necessary action including removal of listings and suspension of accounts against sellers who are selling products above the MRP, which is in violation of Indian laws,â reads a statement from Amazon India.
This is not just limited to Amazonâs India business but other markets as well. In February, Amazon had warned third-party sellers on its marketplace to refrain from charging exorbitant prices for face masks, stated CNBCTV18.
In March 2020, the company had witnessed a similar issue. At that time, the global company stated, âAmazon has zero-tolerance for price gouging and longstanding policies and systems to prevent this harmful practice. Weâre working vigorously to combat price gougingâ¦â
Covid hits economy: Labour participation falls, unemployment rises
Covid hits economy: Labour participation falls, unemployment rises
As restrictions become tighter across states to prevent rising Covid-19 cases, several key economic indicators like production, sales, labour participation and employment have fallen.
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UPDATED: April 27, 2021 17:53 IST
The second wave of the lockdown has put immense pressure on small businesses, leading to a rise in unemployment rate in April. (Photo: PTI)
The second wave of Covid-19 has already triggered a health crisis in the country and may soon derail all efforts undertaken to revive the economy.
As restrictions become tighter across states to prevent rising Covid-19 cases, several key economic indicators like production, sales, labour participation and employment have fallen.
Covid-19: Trade worth Rs 5 lakh crore affected as lockdowns hamper businesses
Covid-19: Trade worth Rs 5 lakh crore affected as lockdowns hamper businesses
Several states in the country have imposed strict lockdowns to reduce the rising number of Covid-19 cases. As a result of tighter lockdowns, traders in urban centres like Mumbai and Delhi are suffering massive losses.
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UPDATED: April 27, 2021 13:14 IST
Traders in Delhi have suffered a collective business loss of Rs 25,000 crore in just 25 days. (Photo: PTI)
Strict restrictions imposed in various states due to the second wave of Covid-19 has led to a pan-India business loss of Rs 5 lakh crore, according to the Confederation of All India Traders (CAIT).
CAIT seeks action against Amazon, Flipkart over non-essential supplies
By IANS |
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CAIT seeks action against Amazon, Flipkart over non-essential supplies. Image Source: IANS News
Mumbai, April 27 : The Confederation of All India Traders (CAIT) has written to Minister for Commerce and Industry Piyush Goyal seeking action against e-commerce majors Amazon and Flipkart over alleged supply of non-essential goods amid the Covid-19 restrictions. They have now started taking undue advantage of the pandemic by making illegitimate financial gains by supplying non-essential items which have been strictly prohibited by many state administrations due to ongoing lockdowns to prevent the spread of Covid-19, said the letter written by CAIT Secretary General Praveen Khandelwal.
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