Government asks report from Amazon and Flipkart, questions asked about FDI

Mumbai: The central government has sought details from e-commerce companies Amazon and Flipkart. The government has asked these companies for the names of their top five vendors, a list of products of favorite vendors and the support given to them. The Department of Industry Promotion and Internal Trade (DPIIT) has also sent a separate questionnaire to these companies asking for information related to capital structure, business model and product inventory management system.

Following complaints from the Confederation of All India Traders (CAT), these companies have been sent a questionnaire. CAT had said in the complaint that the 'festive season sale' of Amazon and Flipkart has started, which is a violation of the government's FDI policy. It has also alleged that these companies are offering market spoiler prices by following unfair activities. However, Amazon and Flipkart have not responded to e-mails sent in this regard.

At the same time BJP's Rajya Sabha MP Subramanian Swamy has tweeted that when we can reach Amazon of USA through credit card, then what is the need to allow Amjan in India? Traders are a solid foundation of our culture and Amjan will destroy it. Not only Amazon and Flipkart, but also the same problem with Walmart. In fact, Commerce Minister Piyush Goyal recently said that a market spoiler price case is being investigated against Flipkart and Amazon.

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