Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal : Bulletin: Business Today
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Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal

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October 18, 2019

Probing 'predatory' pricing by Flipkart, Amazon: Piyush Goyal

The government is probing Walmart-owned Flipkart and Amazon over the alleged predatory pricing, commerce minister Piyush Goyal said on Thursday.
Warning of stringent action as per the law for any violation, he said detailed questionnaires have been sent to these companies and their response is awaited. According to media reports, the e-commerce majors have grossed up over USD 3 billion in gross merchandise value during the festive sales held over the past fortnight.
 
Trade differences with US narrowing, hoping for trade deal soon: Nirmala Sitharaman

There has been narrowing of trade differences between India and the US, Union Finance Minister Nirmala Sitharaman said, hoping that the two countries be able to enter into a trade deal soon. She was responding to a question on the status of the India-US trade deal currently been negotiated between the two countries. The commerce ministry is working on it and hope that the negotiations will get concluded sooner, she said.
 
Ola, Uber rates: Govt to review cab aggregators over surge pricing

The centre is reviewing cab aggregators like Ola and Uber for surge pricing. The minister of Road Transport & Highways (MoRTH) Nitin Gadkari has directed officials to take the required steps in this respect, sources told India Today TV. Surge pricing happens when a cab aggregator increases fares commensurate with a rise in demand.
 
Over 15,000 farmers committed suicide in Maharashtra in 6 years, reveals RTI data

Over 15,000 farmers have committed suicide in Maharashtra between 2013 and 2018, an RTI data has revealed.
Out of the total 15,356 farmer suicides during the six-year period, 396 cases were reported between 1 January 2019 to 28 February 2019. So far, the government has provided ex-gratia to 102 families out of 396 suicide cases, according to RTI activist Shakeel Ahmed.
 
INX Media case: P Chidambaram sent to ED custody till October 24

A special court on Thursday has sent former finance minister P Chidambaram to the custody of Enforcement Directorate till October 24 in the INX Media case. The probe agency had sought 14 days of custody of the former FM. ED had arrested him after interrogation in Tihar jail on Wednesday where he has been lodged since September 5. The ED told the court that it will provide home-cooked food, medicines, a separate cell, a western toilet and medicines to Chidambaram. The agency, however, turned down his demand for air conditioning.
 
Netflix and Amazon face censorship threat in India: source

While film and TV certification bodies already moderate public content in India, the country's laws do not allow censorship of content on the increasingly popular online streaming platforms.  The government's concern has been sparked by several court cases and complaints filed to the police in recent months, alleging that some content was obscene or insulted religious sentiment, said the government official, who has direct knowledge of the deliberations. Though concerns around possible censorship had prompted Netflix and Indian rival Hotstar to sign a self-regulation code in January, Amazon did not sign up and said "the current laws are adequate".

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