Centre tightens rules for e-commerce firms: What lies ahead for Amazon, Flipkart?
In a setback for e-commerce firms having foreign investment, the government on Wednesday barred online marketplaces such as Flipkart and Amazon from selling products of the companies in which they have a stake. The commerce and industry ministry also forbidden e-commerce firms from entering into an agreement for the exclusive sale of products. The revised policy on foreign direct investment in online retail also said that these firms have to offer equal services or facilities to all its vendors without discrimination. With an aim to provide clarity to #FDI policy…
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