Fri. Mar 29th, 2024
DPIIT proposes new income tax regulations to promote budding entrepreneursImage Source: Google

Merely a month after Confederation of All India Traders (CAIT), the Trader’s body filed a complaint against e-commerce giants Amazon, Flipkart, alleging unethical business model, the Indian Direct Selling Association (IDSA) has planned to register another complaint, citing unfair trade practices with the help of newly enacted Consumer Protection Act, 2019, reported ET.

Rini Sanya, chairperson at IDSA, told the ET that they would insist on regulations prohibiting e-commerce players from selling products of direct selling companies to protect the interests of the Indian direct selling industry, which saw 16 per cent compound annual growth rate (CAGR) from 2015-16.

Sanyal further said that the e-commerce firms were selling their products not just in an unauthorised manner but also at deep discounts, causing losses to the direct selling companies.

While, the IDSA said the key challenge being faced by majority of the direct selling companies was the illegal and unauthorised selling of their products through e-commerce platforms.

Also read: Amazon, Flipkart meets senior officials of DPIIT over complaint by Traders’ Body

This is a developing story, stay tuned for updates on the story.

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