Just In
- 2 hrs ago OnePlus Nord CE 4 Key Specifications Confirmed Ahead of Launch: Check Expected Price, Specifications
- 9 hrs ago IPL 2024: Best Airtel Prepaid Plans to Stream Indian Premier League
- 10 hrs ago Motorola Edge 50 Pro Price in India Leaked Ahead of Official Announcement
- 23 hrs ago Samsung Galaxy A55 vs Galaxy S23 FE: The Battle of Samsung’s Premium Mid-rangers!
Don't Miss
- News Pakistan's Foreign Minister Eyes Trade Restoration With India Amid Debt Woes - Here's What You Need To Know
- Movies Pandya Store: Priyanshi Yadav Spills Beans About A Major Upcoming Twist In Natasha & Shashank's Life
- Sports RCB vs PBKS Head To Head Stats, Results & Record in M Chinnaswamy Stadium, Bengaluru Ahead of IPL 2024 Match 6
- Finance Indian EV Drive Sparks Grown Up In Chinese Auto Firms: GTRI Report
- Automobiles Apple to Comply with European Act, Offering Users Google Maps as an Option
- Education Most favourite trades of the students selected in WBJEE
- Lifestyle Exclusive: Celebrity Saree Draper Dolly Jain's Tips On How To Get Ready On Holi And Stand Out In The Crowd
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
Amazon, Flipkart Under CCI Radar For Allegedly Hurting Small Sellers, Preferential Treatment
The Competition Commission of India (CCI) is ordering a wider probe on Amazon and Walmart's Flipkart. CCI has alleged violations of competition law, a major set back for the US-led e-retail giants operating in India. The review allegations note that the companies are promoting 'preferred sellers', which is affecting smaller sellers on the platform.
Amazon, Flipkart Under CCI Radar
The complaint was lodged by Delhi Vyapar Mahasangh, a group representing small- and medium-sized businesses. According to the allegations, several Amazon and Flipkart promoted preferred sellers, with whom they were affiliated or controlled directly or indirectly.
CCI has highlighted four alleged anti-competitive practices that include the exclusive launch of smartphones by the online retail firms; promoting preferred sellers on the website and app; deep discounting practices; and lastly, preferential treatment for some seller listings over others.
Some offline retailers have further alleged that Amazon and Flipkart violate India's foreign investment rules. The massive discounts on the sites hurt smaller traders, reports Reuters. CCI expects the investigatory probe should complete within 60 days. Typically, such cases have extended for longer periods.
CCI notes that India is one of the fastest-growing markets globally. The country is the fastest-growing e-commerce market with revenue this year expected to reach $120 billion, triple its size in 2017, CCI notes. However, several issues are clouding the online market, which the government body aims to clear.
What Amazon, Flipkart Say
Both Amazon and Flipkart are willing to comply with the review. Flipkart says it is 'fully compliant' with all the laws of India and the company is reviewing the CCI order, says senior VP Rajneesh Kumar.
Amazon, on the other hand said: "We welcome the opportunity to address allegations made about Amazon; we are confident in our compliance and will cooperate fully with the CCI." Amazon's CEO Jeff Bezos is scheduled to visit the country for discussions with government officials this week, further hinting at the probe.
Over the past couple of years, the Indian government has introduced stringent foreign investment rules. The CCI probe is the latest road bump for US-based companies and some allegations have been against both the companies.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
8,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
16,258
-
25,999
-
26,999