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Consumer Affair Ministry To Curb Lose Functioning of E-Commerce Giants In India

BUY-SELL | HELP WANTED | MATRIMONIAL

According to new Indian e-commerce rules, company likes Amazon and Flipkart will be prevented from favoring a few of its smaller buyers and bypassing foreign rules. Apparently, most e-commerce portals are not commenting on this development. However, according to Indian Ministry of Consumer Affairs, non-compliance with the new rules, if implemented, could be punishable with prison terms, and fines of at least 25,000 Indian rupees under India’s consumer law. The new laws will definitely, raise costs for all online retailers but particularly Amazon and Walmart’s Flipkart as they may have to review their business structures, senior industry sources told mediaAccording to new Indian e-commerce rules, company likes Amazon and Flipkart will be prevented from favoring a few of its smaller buyers and bypassing foreign rules. Apparently, most e-commerce portals are not commenting on this development. However, according to Indian Ministry of Consumer Affairs, non-compliance with the new rules, if implemented, could be punishable with prison terms, and fines of at least 25,000 Indian rupees under India’s consumer law. The new laws will definitely, raise costs for all online retailers but particularly Amazon and Walmart’s Flipkart as they may have to review their business structures, senior industry sources told media […]

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