STOCK MARKET BSE NSE

Government to Look into Complaints on Flipkart's Discount Sale

Government promised to look into complaints of predatory prices on goods sold by Flipkart after traders alleged that the e-commerce giant resorted to unfair trade practices.

Published: 08th October 2014 10:30 PM  |   Last Updated: 08th October 2014 10:31 PM   |  A+A-

Flipkart-Logo
By PTI

NEW DELHI: Government promised to look into complaints of predatory prices on goods sold by Flipkart after traders alleged that the e-commerce giant resorted to unfair trade practices.

Commerce and Industry Minister Nirmala Sitharaman today acknowledged that government has received many complaints from traders on Flipkart's massive discount sale on Monday that raked in Rs 600 crore on a single day.

"We have received many inputs. Lot of concerns have been expressed. We will look into it," she told reporters here.

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.

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 Billion 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.

Earlier this week, Confederation of All India Traders (CAIT) demanded a probe into the business model and trade practices of e-commerce companies to find out how they are offering huge discounts during the ongoing festive season.

The traders' body also alleged that such discount sales amounts to predatory pricing and urged the government to take necessary steps to control the same.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp