Why GOI shouldn't support ecommerce startups
Here is why:
Ordered a product on Snapdeal
MRP printed on product = 1325
VAT invoice from seller to comsumer says value of goods = 895
Product invoice from seller through snapdeal says value of goods = 780
Actual money charged by snapdeal = 499
These sites are literally giving away VCs money to kill small retailer.
They are flouting commerce ministry norms about deep discounting
Plus dont know what all tax and accounting hacks are being used.
Should India have such a start up India. Risk is good startups will suffer due to these big names going bust more
Ordered a product on Snapdeal
MRP printed on product = 1325
VAT invoice from seller to comsumer says value of goods = 895
Product invoice from seller through snapdeal says value of goods = 780
Actual money charged by snapdeal = 499
These sites are literally giving away VCs money to kill small retailer.
They are flouting commerce ministry norms about deep discounting
Plus dont know what all tax and accounting hacks are being used.
Should India have such a start up India. Risk is good startups will suffer due to these big names going bust more
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Krishnapuram Nagarajan (Trustee "Tad Dvam Asi Trust" Regd 6/2016 Book IV. Registered with Sub-Regis)
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Mar 05
This is what we have to pay for. Our ignorance is DANGEROUS. Kare koi bhare koi. Khaye SARKARI bank babu, bharein ham. Scores of lacs of actual NPAs estimated, to be revealed from time to time and govt banks to be gradually bailed out from PUBLIC MONEY who paid direct and indirect taxes and suffering this Demonetization drive to fill the damage caused by the Bank babus by pro quo lending and NPAs. Mallya being the mask under which all the lakhs of crores of NPAs hidden. His is only 9 thousand crores and his assets much more than that worth from which can be covered. Mallya game a part of this NPA Scam. BANKS ARE NOW CASH STRAPPED & NEED CASH, HENCE THESE TYPE TACTICS AS DFEMONETIZATION. "Poora hisab do" drive.. Mallya took only 9 thousand crores, how about Lacs of crores and hiding it under the Bank babus puppet Mallya, to hide this NPAs scam:- सेवा में, माननीय सम्पादक / ब्यूरो प्रमुख/निदेशक महोदय, दैनिक समाचार पत्र / न्यूज़-चैनल & To All Indian Citizen आदरणीय महोदय, 19 नवम्बर 2016 को समय 12.00 बजे,से जंतर मंतर नई दिल्ली में सार्वजनिक क्षेत्र के बैंकों के ऋण पे निर्णय लेने वाले भ्रष्ट बाबुओं के भ्रष्ट्राचार के खिलाफ एवं अछछे कर्मियों के बचाव हेतु निजीकरण के खिलाफ, एन. पी. ए. करने वाले बैंक में छुपे भ्रष्टों से समस्त भारतीय जनता के जागरण एवं बचाव के लिए धरना प्रदर्शन l कार्यक्रम विवरण आयोजक : आल इन्डिया ह्यूमन राइट्स एसोसिएशन ( एहरा ) दिनांक : 19-11-2016 दिन : शनिवार समय : 12.00 बजे l स्थान : जंतर मंतर नई दिल्ली l आपसे सादर अनुरोध है कि उपरोक्त कार्यक्रम के कवरेज हेतु आप अपने समाचार-पत्र / न्यूज़ चैनल की ओर से अपने सम्मानित छायाकार/ संवाददाता / कैमराटीम/ फोटोग्राफर/ रिपोर्टर को भेजकर कार्यक्रम के उद्देश्य को अपने माध्यम से विश्व की जनता तक पंहुचाने की कृपा करे l सादर, हुसैन अहमद 91- 7071056353 Email: hussainconven@gmail.com www.aihra.org PS Main delegation reaching 20-11-16 more
Nov 18
Hope, this mess will stop once GST is fully in place. There should be no political blame game for these issues. PM of a country should not be blamed for each and everything going wrong. It is the job of each citizen to suppress such illegal practices by not responding to the advertisements. more
Oct 22
Guys - i also like low prices. What people like achintya dont understand is that is just in case flipkart and snapdeal go bust for inability to raise money the entire Indian startup ecosystem will suffer. And the problem is u would have killed the small trader in process, then the real beenficiaries will be biyani and goenkas tesco and walmart. Think with a clear head. more
Oct 22
Let us not make this forum a political forum. We may have different views on political figures including PM. He may not be perfect PM but he is much better then what we have had in the past. So lets get over our usual habit of pulling people down. This PM has got India rolling on the International front in a positive way, he is the one who has had the courage to act against Pakistan with an iron fist- lets give him his due. Saying that, back to the core issue - raised by Sudesh Rai, i am in agreement that these ecommerce companies are using the VC funds to UNDER CUT and under the garb of customer acquisition. The fact remains the customer is acquired as long as he gets a SUPER DEAL. Not beyond that- rest is only his email and phone no as part of the database with the ecommerce company. This certainly is not a standard professional business practice and are only bubbles that are dying their own death - as long as the VC funds last. God Bless ! more
Oct 21
