Tuesday October 15, 2019
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Festival Sales by Amazon, Flipkart Violating FDI Norms

“Such festive sales offering deep discounts are nothing but influencing the prices directly or indirectly which is a clear violation of the policy,” it said

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Amazon, online retailer, Drones
The Amazon warehouse in San Fernando de Henares is seen during a 3-day walkout to demand better wages and working conditions, on the outskirts of Madrid, Spain. VOA

Reiterating its demand for ban on festival sales by Amazon and Flipkart, the Confederation of All India Traders (CAIT) on Tuesday said that the two e-commerce majors are flouting the norms for foreign direct investment (FDI) by carrying out festival sales.

The traders’ body urged the Commerce Minister to look into the violation of the FDI policy by these e-commerce companies and impose a ban on the declared festival sales. It also urged the government to institute an investigation into the business models of these companies.

“Holding such sales and offering deep discounts are clear violations of Press Note No.2 of FDI policy 2018. The CAIT has earlier written to Union Commerce Minister Piyush Goyal to ban the declared festival sales by these e-commerce portals,” a CAIT statement said.

“CAIT Secretary General Praveen Khandelwal strongly opposed the statements of Amazon and Flipkart that appeared in media couple of days back that they empower the sellers on their respective platforms to decide the prices and offer their choice of selection to customers at the prices they deem fit and offer best value of their products to consumers.

“The said statement of both the companies are devoid of any logic and just an eye wash to keep right the wrong practices they are conducting on their platform,” it said.

Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. IANS

Khandelwal also said that these companies are indulging in blatant violation of the FDI policy of the Centre. CAIT noted that the key provisions of the FDI policy say that 100 per cent FDI is allowed in the e-commerce marketplace model and under which e-commerce companies can act only act as technical platforms.

The policy clearly says that e-commerce entities will not influence the prices directly or indirectly and shall maintain a level playing field, the statement said.

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“Since these e-commerce companies are not owners of the inventory how can they offer deep discounts on the inventory hold by the sellers registered on their platform. As per policy, it should be the seller offering discounts but in this case the discounts are offered by e-commerce companies which is again a violation of e-commerce policy.

“Such festive sales offering deep discounts are nothing but influencing the prices directly or indirectly which is a clear violation of the policy,” it said. (IANS)

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Now Enjoy New Multilingual Mode on Amazon Alexa

In Hindi, a user could enjoy asking Alexa for diverse content such as jokes, shayari, games, Kabir ke dohe, Panchatantra stories, Bollywood dialogues, more than 500 Alexa skills and even spellings of words

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Amazon Alexa. Flickr
Amazon Alexa. (Representational image). Flickr

Amazon on Wednesday announced that now its customers will be able to switch between English and Hindi when talking to Alexa without changing the language setting from Hindi to English and the other way around every time.

This multilingual mode could be useful in Indian households where users speak both Hindi and English interchangeably. It would be available from October 9 , the company said in a statement.

For example, if a customer asks about the festival of Diwali in Hindi, Alexa will reply in Hindi, e.g. “Alexa, Diwali ke liye kitne din bache hai?” and when they ask for information in English, Alexa will understand and respond in English e.g. “Alexa, why is Diwali celebrated”.

Alexa app. Wikimedia Commons

One could ask Alexa to answer questions, play music, read the news, set timers and alarms, check the calendar, provide sports scores, control lights at home, use over 30,000 English skills and much more.

Also Read: You may get $358 as Part of Yahoo Data Breach Settlement

In Hindi, a user could enjoy asking Alexa for diverse content such as jokes, shayari, games, Kabir ke dohe, Panchatantra stories, Bollywood dialogues, more than 500 Alexa skills and even spellings of words. (IANS)