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Deliberate effort to discredit Amazon’s biz in India, says Amit Agarwal REUTERS/Pascal Rossignol February 22, 2021 E-commerce major Amazon.com Inc.’s India arm has been in the news after allegations of preferential treatment to two of its sellers and circumventing foreign direct investment (FDI) laws resurfaced. Amazon and rival Walmart-owned Flipkart are also being investigated by regulators for alleged anti-competitive practices and predatory pricing, among other charges. Amazon has committed around $6.5 billion to its India business. In an interview, Amazon’s global senior vice-pre...

The Confederation of All India Traders (CAIT) called for setting up of a 'special working group' at the central level comprising senior officials, CAIT representatives and independent tax experts to review the GST structure and make recommendations to the government., , cait, E-Commerce Rules, prime minister, narendra modi

Scouting for allies before debut, Amazon pledged minimum returns SECTIONS Share Synopsis In 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named 'Red', to a few select potential local partners for a retailing venture. Reuters In 2010, Amazon was scouting for a reliable Indian partner as the country’s foreign direct investment laws forbade global companies from stocking and selling their own wares on technological platforms that they could fully own and operate. In 2010, three years before Amazon made its Ind...

CAIT calls for a regulatory body to govern e-commerce companies February 22, 2021 The government should set up a regulatory authority to monitor and regulate e-commerce businesses in the country, and it should be empowered with due rights to penalise these companies in case they violate India’s laws, the traders’ body Confederation of All India Traders (CAIT) said. In a letter to Prime Minister Narendra Modi, the trade union also called for the government to issue a fresh Press Note, “blocking” e-commerce companies from violating India’s FDI rules. Press Notes are filed by the Comme...

Deliberate effort to discredit Amazon’s business in India: Amit Agarwal Amit Agarwal said the more India digitizes, the stronger manufacturing gets, and more people would use Amazon for shopping, contentPremium 6 min read Share Via Read Full Story BENGALURU : E-commerce major Amazon.com Inc.’s India arm has been in the news after allegations of preferential treatment to two of its sellers and circumventing foreign direct investment (FDI) laws resurfaced. Amazon and rival Walmart-owned Flipkart are also being investigated by regulators for alleged anti-competitive practices and predatory p...