Discounts on e-tail : Govt may soon come up with new policy
9 Oct 2014 5:46 AM IST
Flipkart’s ‘Big Billion Day’ sale on Monday, that offered steep discounts on various products, has raised concerns among small and big traders that such campaigns would badly affect players in the traditional retail market.
‘We have received many inputs. Lot of concerns have been expressed. We will look into it,’ Commerce and Industry Minister Nirmala Sitharaman told reporters here. When asked whether the government is considering any particular policy for e-commerce retailing, she said the matter would be looked into.
‘Now there are many complaints. We will study the matter... Whether there is a need for a separate policy or some kind of clarification is needed, we will make it clear soon,’ Sitharaman, who is also the Minister of State for Finance and Corporate Affairs, said. In recent times, many e-commerce portals have been coming out with steep discount sales.
Flipkart has said that its ‘Big Bilion Day’ sale saw 1.5 million people shopping at its portal. It also claimed that products worth over Rs 600 crore were sold in just 10 hours under the scheme.
‘The new policy would be different from the previous ones. It will focus on lot many things,’ she said. FTP deals with matters related to exports and imports.
‘We have received many inputs. Lot of concerns have been expressed. We will look into it,’ Commerce and Industry Minister Nirmala Sitharaman told reporters here. When asked whether the government is considering any particular policy for e-commerce retailing, she said the matter would be looked into.
‘Now there are many complaints. We will study the matter... Whether there is a need for a separate policy or some kind of clarification is needed, we will make it clear soon,’ Sitharaman, who is also the Minister of State for Finance and Corporate Affairs, said. In recent times, many e-commerce portals have been coming out with steep discount sales.
Flipkart has said that its ‘Big Bilion Day’ sale saw 1.5 million people shopping at its portal. It also claimed that products worth over Rs 600 crore were sold in just 10 hours under the scheme.
‘The new policy would be different from the previous ones. It will focus on lot many things,’ she said. FTP deals with matters related to exports and imports.
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