Approval of Walmart purchase of Flipkart
Yesterday Walmart purchase of Flipkart was approved by India's Competition Commission. I had written about circumventing of laws by ecommerce players and CCI des acknowledge that but still approved the transaction.
Here is the core issue:
DIPP brings new FDI rules where no one supplier can sell more than 25% on an ecommerce platform.
Marketplaces who were doing a bulk of transactions under 1 company create 3-4-5 entities in association with people known to them.
These entities then become listed suppliers on a marketplace like Flipkart
Flipkart entity does flash sales to them after a customer orders product and then a shipment is sent to the customer.
All this flouting takes place and the regulators turn a blind eye
Flipkart sells this house of card to Walmart, somehow convinces CCI to approve
Now Walmart has inherited the violations of Flipkart so therefore all those foreign exchange and DIPP rule violations
must be looked at and appropriate fine/license cancellations should be enforced.
If this is not done the trader threat of Walmart using these Flipkart special sellers will become very real.
CCI outlines it thankfully but doesnt call for ED others to investigate these violations Why?? more
Here is the core issue:
DIPP brings new FDI rules where no one supplier can sell more than 25% on an ecommerce platform.
Marketplaces who were doing a bulk of transactions under 1 company create 3-4-5 entities in association with people known to them.
These entities then become listed suppliers on a marketplace like Flipkart
Flipkart entity does flash sales to them after a customer orders product and then a shipment is sent to the customer.
All this flouting takes place and the regulators turn a blind eye
Flipkart sells this house of card to Walmart, somehow convinces CCI to approve
Now Walmart has inherited the violations of Flipkart so therefore all those foreign exchange and DIPP rule violations
must be looked at and appropriate fine/license cancellations should be enforced.
If this is not done the trader threat of Walmart using these Flipkart special sellers will become very real.
CCI outlines it thankfully but doesnt call for ED others to investigate these violations Why?? more
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Oct 31
I fully agree with the views expressed by Mr K D Vyas and Ms Nelam Nath Our trader community has yet to make itself competitive and quality conscious. Most of the trading community do not entertain digital payment, the reason is obvious. As against that entities like flipkart, Amazone etc accept digital payment. Moreover they show different varieties of products with details and price which make the task of a consumer much easier. more
Aug 09
Yes, I agree that fooling and cheating happens in online - (e-Commerce) and also offline. E-Commerce actually created competition to the Offline Market otherwise they were sleeping. new ideas are flowing, new things are happening and change is permanent and that is happening in the market. Whether its Flipkart or Amazon or xyz in all these its common that and that's the way - they take the orders and third party supplies, nothing wrong in it. Only few Companies will be having their own E-Commerce Website (Digital market) and they take the orders and products come them only. Otherwise major E-Commerce players do not own any products and it snot at all against the law. Yes, Govt., must bring workable rules and regulations and those should be implemented at all levels and monitored. So that genuine E-Commerce players are not discouraged and at the same time the Customers are not cheated. So, both the parties interest should be protected in all respect. As a buyers, we need to be fooled ourselves, need to check thoroughly and buy the products online. Its a very good platform for buyers in reality. more
Aug 09
Good issue raised by Mr. Sridhar Mohan. But on first place having known all that why people should by online, There are so many products like apparels, shoes, food items TV, COMPUTERS OF PERSONAL CARE ETC; ONE CAN SEE, CHECK AND BUY IT FROM SHOPS, But no shopkeepers offers the discount to the amount of FLIPKART OR WALMART OFFERS GIVE. So consumers /customers are tempted to buy online without knowing the risk factors .and what govt is doing i under the provisions of WTO Agreement but of course trying to protect the interest of local producers/manufacturers but non of the domestic trader or manufacturer is ready to face competitions, they have big lobby and money power, where as we as consumers or customers have no such number strength or interest to unite except in the name of CONSUMER FORUM OR SO CALLED CONSUMER PROTECTION ACT . BUT THEN...... how many has interest to pick up such issues,even here also we can see on your posting of this news only 183 persons have just seen it and only two have commented. Can we expect any benefit in our interest as a common cause? more
Aug 09
Why was trader community making mockery of the customers till now? The trader community was answerable to none. Give bribe and accept freebies wherever applicable Didn't we feel the pinch of price rise at petty pretexts like a bad monsoon We as customers were never kings and Queens Now traders are threatened by outsiders? Illegal Constructions to Hoarding black money to flaunting the bribes paid, name it and pages of last 70 years will keep coming out Majority of online shoppers are not complaining. more
Aug 09
