Sanjeev
Core Member
After receiving "many complaints" from traders on Flipkart's massive discount sale, government on Wednesday said it will look into the concerns and take a call on whether more clarity is required on e-commerce retail business. 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. "We have received many inputs. Lot of concerns have been expressed. We will look into it," Commerce and Industry Minister Nirmala Sitharaman told reporters here. 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.
To a query related to Foreign Trade Policy (FTP) announcement, Sitharaman said that it will come "soon". "The new policy would be different from the previous ones. It will focus on lot many things," she said.
Read more at: Will look into trader concerns on Flipkart sale: Sitharaman - Moneycontrol.com
