financetom
Retail
financetom
/
Retail
/
Here's what experts have to say about the new draft ecommerce policy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Here's what experts have to say about the new draft ecommerce policy
Aug 2, 2018 11:10 AM

The government recently came out with a draft ecommerce policy that seeks to give Indian online retailers a level playing field when they are pitted against the global big boys.

The draft policy, recommends a sunset clause, which defines the maximum duration for which etailers can engage in differential pricing strategies.

This might make it difficult for big online retailers to shower deep discounts on customers for a prolonged period of time.

The draft policy further places curbs on related parties, recommends that bulk purchases of white goods, which could lead to price distortions in a market place be prohibited. Further, no foreign funded company would be allowed to keep inventory.

According to a report by e-marketer, ecommerce sales will climb about 31 percent to $32.7 billion in 2018 and the ecommerce market in India is expected to grow to $200 billion by 2026.

CNBC-TV18 caught up with Abhiraj Bhal, co-founder of UrbanClap; Ajay Dua, former secretary of DIPP; Amarjeet Singh, Partner - Internet Biz at KPMG India and Mukesh Aghi, president and chief executive officer, USISPF to discuss the draft ecommerce policy and its implications.

Speaking on the issue, Dua said the draft policy has been stated by different wings of the government at different points of time.

However, Singh said government is trying choke ecommerce sector by putting multiple regulations.

First Published:Aug 2, 2018 8:10 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ben & Jerry’s to stop ice cream sales in Israel 'Occupied Palestinian Territory'; clashes with parent Unilever
Ben & Jerry’s to stop ice cream sales in Israel 'Occupied Palestinian Territory'; clashes with parent Unilever
Jul 20, 2021
Ben & Jerry's announcement to withdraw from Isreal 'Occupied Palestinian Territory' has come as a rebuke by a well-known brand against Israel’s policy of establishing its citizens on the war-won lands. However, there is a conflict of ideas with the parent company Unilever.
US retail sales fell 1.1% in July; Americans cut spending as COVID cases surge
US retail sales fell 1.1% in July; Americans cut spending as COVID cases surge
Aug 18, 2021
Retail sales fell a seasonal adjusted 1.1 percent in July from the month before, the US Commerce Department said Tuesday. It was a much larger drop than the 0.3 percent decline Wall Street analysts had expected.
In Pics | 14 major companies that filed for bankruptcy in 2020
In Pics | 14 major companies that filed for bankruptcy in 2020
Dec 24, 2020
2020 has been a brutal year for businesses, so much so that the volume of bankruptcies this year has surpassed that of 2008. From the travel and hotel space to the energy sector, businesses across industries suffered for months as the COVID-19-induced lockdown put brakes on economic activities across the world. However, retailers selling non-essential goods have been the worst-affected with many of these names emerging among the biggest bankruptcies of 2020. As per S&P Global Market Intelligence, 610 firms have filed for bankruptcies as of December 13, the highest since 2012. Retailers like J.C. Penney, Neiman Marcus, and J.Crew, car rental giant Hertz, mall operator CBL & Associates Properties are some of the names that have been listed in Fortune’s list of ‘14 of the biggest bankruptcies of 2020'. The 14 bankruptcies happen to be from the US as the valuations of liabilities remain higher than those of others. Here’s a look at these companies and their liabilities, as mentioned by Fortune:
Americans stockpiling toilet paper again; here's why
Americans stockpiling toilet paper again; here's why
Sep 1, 2021
Panic buying of toilet paper was witnessed in the early days of 2020 amid unfounded fears of supply shortages. Consumers rushed to supermarkets, hotels, gas stations, and anywhere else they could find a roll of toilet paper to buy.
Copyright 2023-2025 - www.financetom.com All Rights Reserved