fbpx
  • Contact
Global World News
Wednesday, February 1, 2023
  • Home
    • All Category
    • Reuters Top News
    • General News
    • Major News
  • COVID
    • Health / Medicine
    • Medical Supplies
    • Pharmaceuticals & Medical Research
    • Biotechnology & Medical Research
    • Old COVID
    • Old Health / Medicine
  • Politics
    • Politics Expansions
    • Climate Politics
    • Old Politics
  • AFRICA
    • North Africa
    • Southern Africa
    • South Africa
    • East Africa
    • West Africa
    • Old Africa
  • ASIA
  • EUROPE
    • European Union
    • Euro Zone
    • Central / Eastern Europe (Energy)
    • East European Countries
    • Western Europe
    • South-Eastern Europe
    • Old Europe
  • Americas
    • North America
    • Central America
    • South America
    • Latin America
  • Middle East
    • Middle East (Energy)
    • Old Middle East
  • MORE
    • Germany
    • Russia
    • China (PRC)
    • Economic News
      • Economic Output
      • Economy
    • Business
    • Company News
    • Military Conflicts
    • Emergency
    • International and National Security
    • Diplomacy and Foreign Policy
    • Elections
  • Download APP
    • Apple App Store
    • Android Play Store
    • Huawei AppGallery
  • Contact
    • Privacy Policy
    • Terms & conditions
No Result
View All Result
  • Home
    • All Category
    • Reuters Top News
    • General News
    • Major News
  • COVID
    • Health / Medicine
    • Medical Supplies
    • Pharmaceuticals & Medical Research
    • Biotechnology & Medical Research
    • Old COVID
    • Old Health / Medicine
  • Politics
    • Politics Expansions
    • Climate Politics
    • Old Politics
  • AFRICA
    • North Africa
    • Southern Africa
    • South Africa
    • East Africa
    • West Africa
    • Old Africa
  • ASIA
  • EUROPE
    • European Union
    • Euro Zone
    • Central / Eastern Europe (Energy)
    • East European Countries
    • Western Europe
    • South-Eastern Europe
    • Old Europe
  • Americas
    • North America
    • Central America
    • South America
    • Latin America
  • Middle East
    • Middle East (Energy)
    • Old Middle East
  • MORE
    • Germany
    • Russia
    • China (PRC)
    • Economic News
      • Economic Output
      • Economy
    • Business
    • Company News
    • Military Conflicts
    • Emergency
    • International and National Security
    • Diplomacy and Foreign Policy
    • Elections
  • Download APP
    • Apple App Store
    • Android Play Store
    • Huawei AppGallery
  • Contact
    • Privacy Policy
    • Terms & conditions
No Result
View All Result
World News
No Result
View All Result
Home ASIA

Indian commerce minister: ‘Arrogant’ U.S. ecommerce giants flout our laws

Reuters old by Reuters old
27 June 2021
in ASIA, Business, Corporate / Market Regulation, Crime / Law / Justice, Emergency, India, International Trade, Judicial Process / Court Cases / Court Decisions, Lawmaking, Major News, Old Economy, Old Politics, Politics Expansions, Reuters Top News, Sex Crimes, Technology, Technology / Media / Telecoms, Top News, United States
0
Indian commerce minister: ‘Arrogant’ U.S. ecommerce giants flout our laws

FILE PHOTO: 2020 World Economic Forum in Davos

0
SHARES
6
VIEWS
Share on FacebookShare on TwitterPodziel się na WhatsAppShare by Email

By Manoj Kumar

NEW DELHI (Reuters) – Indian Commerce Minister Piyush Goyal has ratcheted up the heat on U.S. ecommerce giants like Amazon and Walmart, accusing them of arrogance and of flouting local laws by indulging in predatory pricing practices.

Goyal said companies were using their scale and access to large pools of low-cost capital to indulge in predatory pricing practices “to the detriment of mom-and-pop stores.”

“A number of these large ecommerce companies have come into India and very blatantly flouted the laws of the land in more ways than one,” he told a virtual event late on Saturday.

“I’ve had several engagements with these large companies, particularly the American ones, and I can see a little bit of arrogance,” he said.

Goyal did not directly name Amazon.com or Walmart Inc’s Flipkart – the two dominant ecommerce players in India – or specify which laws had been flouted. But his comments come at a time of growing clamour from small Indian traders and retailers, who accuse the U.S. giants of circumventing Indian consumer protection laws and competition laws.

Amazon and Flipkart did not immediately respond to requests for comment on Goyal’s scathing criticism.

The two companies have denied the allegations levelled against them by the traders.

Goyal also criticised companies for indulging in “forum shopping” in courts and failing to comply with an investigation launched by the Competition Commission of India (CCI).

Flipkart and Amazon have appealed against the CCI’s bid to restart an investigation into their business practices, after a judge this month dismissed the companies’ original pleas.

“To my mind, if they have nothing to hide, if they are doing honest business practices, why don’t they respond to the CCI?” Goyal said at the virtual event organised by the Stanford India Policy and Economics Club.

His comments came days after India unveiled a new set of ecommerce regulations that could dent both Amazon and Flipkart’s ambitions in India, and force the duo to review certain business structures.

Separately, in a letter to Prime Minister Narendra Modi on Sunday, the Confederation of All India Traders, accused ecommerce companies of treating India like a “banana republic” with weak laws.

The body urged the government to ensure that the proposed e-commerce rules were not diluted, despite the lobbying efforts of ecommerce giants.

The U.S.-India Business Council, a top U.S. lobby group, described India’s proposed new ecommerce rules as concerning in an internal memo this week.

(Reporting by Manoj Kumar; Editing by Euan Rocha and Pravin Char)

tagreuters.com2021binary_LYNXNPEH5Q076-VIEWIMAGE

tagreuters.com2021binary_LYNXNPEH5Q075-VIEWIMAGE

Previous Post

Secret UK defence documents found in soggy heap at bus stop, says BBC

Next Post

UK government, hit by Hancock scandal, to probe leak of footage

Next Post
UK government, hit by Hancock scandal, to probe leak of footage

UK government, hit by Hancock scandal, to probe leak of footage

Facebook Twitter Instagram

© 2021 Dream Apps

No Result
View All Result
  • Home
    • All Category
    • Reuters Top News
    • General News
    • Major News
  • COVID
    • Health / Medicine
    • Medical Supplies
    • Pharmaceuticals & Medical Research
    • Biotechnology & Medical Research
    • Old COVID
    • Old Health / Medicine
  • Politics
    • Politics Expansions
    • Climate Politics
    • Old Politics
  • AFRICA
    • North Africa
    • Southern Africa
    • South Africa
    • East Africa
    • West Africa
    • Old Africa
  • ASIA
  • EUROPE
    • European Union
    • Euro Zone
    • Central / Eastern Europe (Energy)
    • East European Countries
    • Western Europe
    • South-Eastern Europe
    • Old Europe
  • Americas
    • North America
    • Central America
    • South America
    • Latin America
  • Middle East
    • Middle East (Energy)
    • Old Middle East
  • MORE
    • Germany
    • Russia
    • China (PRC)
    • Economic News
      • Economic Output
      • Economy
    • Business
    • Company News
    • Military Conflicts
    • Emergency
    • International and National Security
    • Diplomacy and Foreign Policy
    • Elections
  • Download APP
    • Apple App Store
    • Android Play Store
    • Huawei AppGallery
  • Contact
    • Privacy Policy
    • Terms & conditions

© 2021 Dream Apps

en English
af Afrikaanssq Shqipam አማርኛar العربيةhy Հայերենaz Azərbaycan dilieu Euskarabe Беларуская моваbn বাংলাbs Bosanskibg Българскиca Catalàceb Cebuanony Chichewazh-CN 简体中文zh-TW 繁體中文co Corsuhr Hrvatskics Čeština‎da Dansknl Nederlandsen Englisheo Esperantoet Eestitl Filipinofi Suomifr Françaisfy Fryskgl Galegoka ქართულიde Deutschel Ελληνικάgu ગુજરાતીht Kreyol ayisyenha Harshen Hausahaw Ōlelo Hawaiʻiiw עִבְרִיתhi हिन्दीhmn Hmonghu Magyaris Íslenskaig Igboid Bahasa Indonesiaga Gaeligeit Italianoja 日本語jw Basa Jawakn ಕನ್ನಡkk Қазақ тіліkm ភាសាខ្មែរko 한국어ku كوردی‎ky Кыргызчаlo ພາສາລາວla Latinlv Latviešu valodalt Lietuvių kalbalb Lëtzebuergeschmk Македонски јазикmg Malagasyms Bahasa Melayuml മലയാളംmt Maltesemi Te Reo Māorimr मराठीmn Монголmy ဗမာစာne नेपालीno Norsk bokmålps پښتوfa فارسیpl Polskipt Portuguêspa ਪੰਜਾਬੀro Românăru Русскийsm Samoangd Gàidhligsr Српски језикst Sesothosn Shonasd سنڌيsi සිංහලsk Slovenčinasl Slovenščinaso Afsoomaalies Españolsu Basa Sundasw Kiswahilisv Svenskatg Тоҷикӣta தமிழ்te తెలుగుth ไทยtr Türkçeuk Українськаur اردوuz O‘zbekchavi Tiếng Việtcy Cymraegxh isiXhosayi יידישyo Yorùbázu Zulu