Amazon, Walmart lobby to fight e-commerce rules

Amazon and Walmart find themselves on the same side for once. The bitter rivals have come together to lobby the Indian government on regulations that threaten to dampen their expansion ambitions.
Among other things, the giant retailers are asking for an extension on a February 1 deadline for implementing those rules, according to people with knowledge of the matter.
The newly tightened regulations threaten to pinch Amazon and Walmart’s Flipkart in one of the world’s fastest growing e-commerce arenas — where both have invested billions of dollars.
They require online marketplaces to treat all vendors equally, effectively barring foreign companies from featuring exclusive products on their platforms, owning inventory, and thus being able to influence pricing and offer huge discounts.
GSTVના લેટેસ્ટ News અને Videos માટે લાઈક કરો Youtube Twitter