Commerce Ministry Steps Into Flipkart Sale; Says Will Examine In Details

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Govt. Steps Into Flipkart Sale
After receiving many complaints from the traders on Flipkarts’s Big Billion Day sale debacle on 6th October, the Indian Ministry of Commerce and Industry has stepped into this matter. Flipkart offered massive discounts on various products across the store on this bumper offer day.

“We have received many inputs. Lot of concerns have been expressed. We will look into it”, said Commerce and Industry Minister Nirmala Sitharaman.

“As 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, she added.

Flipkart had reported that it sold items worth INR 600 crore and the website got 1 billion hits on the Big Billion Day sale.

The sale has raised concerns among the big and small traders as such massive discount sales could affect the traditional retail market.

Earlier this week, traders body CAIT had demanded the Commerce and Industry Ministry take steps to monitor and regulate online businesses. The Confederation of All India Traders has also sought a probe into the business model and trade practices of e-commerce companies to find out how they are offering huge discounts during the ongoing festive season.

 

Engineering student by education and Entrepreneur by choice. Asish is a TCS Best Student Awardee, NDTV featured student entrepreneur and International School of Entrepreneurship Education awardee. He also worked with many startups and big companies for their business development and strategical growth. Asish has been heading The Startup Journal since its inception in 2014.