#Budget2019 #JetAirways #TailorMadeBiz

SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD AUG 05
MCX SILVER SEP 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD AUG 05
MCX SILVER SEP 05
MCX CRUDEOIL JUL 19
MCX NATURALGAS JUL 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

10 things you need to know before the opening bell on July 17

Asia shares slip, dollar gains as sterling slides

Oil prices steady after falling to more than one-week lows

Rupee opens little changed at 68.54 a dollar, bond yields fall

Retail

New e-commerce rules: IAMAI to hold meeting with stakeholders next week to discuss implications

Updated : January 03, 2019 01:47 PM IST

Senior management of about 20 e-commerce players including Flipkart and Amazon will likely attend the meeting to discuss the impact of these changes on their businesses.

The IAMAI has also invited online service providers like MakeMyTrip and Oyo rooms to attend this meeting.

With several complexities surrounding the recent changes in the FDI policy on e-commerce, industry body Internet and Mobile Association of India (IAMAI) is all set to hold a meeting with stakeholders on January 11 to discuss the implications of the recent changes in the norms, sources told CNBC-TV18.

Senior management of about 20 e-commerce players including Flipkart and Amazon will likely attend the meeting to discuss the impact of these changes on their businesses. The IAMAI has also invited online service providers like MakeMyTrip and Oyo rooms to attend this meeting.

According to the sources, issues like inventory control by e-commerce players and sale of private labels are on the agenda.

>>Governmet tightens rules for Flipkart, Amazon and other ecommerce companies, bars them from selling products of affiliates

The clarifications on the FDI policy on e-commerce stated that an e-commerce entity using the marketplace format cannot exercise ownership or control over the inventory. It also states that not more than 25 percent of the sales of any vendor or their group companies will be allowed on a marketplace e-commerce entity.

The changes in the policy also point towards ‘exclusive deals’ that e-commerce players offer on their websites. It says that the e-commerce marketplace entity “will not mandate any seller to sell any product exclusively on its platform only.”

Other issues with respect to equity investments by e-commerce players into entity and implication on sale of products are also likely to be discussed in the meeting.

The note clearly says that “an entity having equity participation by e-commerce marketplace entity or its group companies will not be permitted to sell its products,” on such a marketplace.

Member grievances are expected to be compiled in the meeting, post which a representation will be made to the government, added the sources.

primo org

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

FMCG Q1 Earnings Preview: Another washout likely as consumer sentiment remains weak

FMCG Q1 Earnings Preview: Another washout likely as consumer sentiment remains weak

TV18 Broadcast says effective cost control measures resulted into higher profitability

TV18 Broadcast says effective cost control measures resulted into higher profitability

Federal Bank says retail loan growth continues to remain strong at over 25%

Federal Bank says retail loan growth continues to remain strong at over 25%

Trending on CNBC-TV18

Live TV

recommended for you