Indian Economy: News and Discussion

sorcerer

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Proposed Amendments to the Consumer Protection (E-commerce) Rules, 2020

Government has received several complaints against widespread cheating and unfair trade practices being observed in e-commerce ecosystem

Conventional e-commerce flash sales are not banned. Only specific flash sales or back-to-back sales which limit customer choice, increase prices and prevents a level playing field are not allowed

To protect the interests of consumers and encourage free and fair competition in the market, Government is sharing a draft of the proposed amendments to the Consumer Protection (E-commerce) Rules, 2020

Proposed amendments aim to bring transparency in e-commerce platforms and further strengthen the regulatory regime

Views comments suggestions sought on the amendments to Consumer Protection (E-commerce) Rules, 2020 within 15 days (by 6th July, 2021)



Posted On: 21 JUN 2021 9:09PM by PIB Delhi



For the purposes of preventing unfair trade practices in e-commerce, the Central Government had notified the Consumer Protection (E-Commerce) Rules, 2020 with effect from 23 July 2020. However, since the notification of these rules, the Government has received several representations from aggrieved consumers, traders and associations complaining against widespread cheating and unfair trade practices being observed in the e-commerce ecosystem.





Prevalence of such unfortunate incidents has negatively impacted the consumer and business sentiment in the market, causing immense distress and anguish to many. It was observed that there was an evident lack of regulatory oversight in e-commerce which required some urgent action. Moreover, the rapid growth of e-commerce platforms has also brought into the purview the unfair trade practices of the marketplace e-commerce entities engaging in manipulating search result to promote certain sellers, preferential treatment to some sellers, indirectly operating the sellers on their platform, impinging the free choice of consumers, selling goods close to expiration etc.





Additionally, conventional flash sales by third party sellers are not banned on e-commerce platform. But, certain e-commerce entities are engaging in limiting consumer choice by indulging in “back to back” or “flash” sales wherein one seller selling on platform does not carry any inventory or order fulfilment capability but merely places a “flash or back to back” order with another seller controlled by platform. This prevents a level playing field and ultimately limits customer choice and increases prices.





To protect the interests of consumers, prevent their exploitation and encourage free and fair competition in the market, the Government of India is sharing a draft of the proposed amendments to the Consumer Protection (E-commerce) Rules, 2020. The proposed amendments aim to bring transparency in the e-commerce platforms and further strengthen the regulatory regime to curb the prevalent unfair trade practices. The proposed amendments are as follows





To ensure compliance of the Consumer Protection Act, 2019 and Rules, appointment of Chief Compliance Officer, a nodal contact person for 24x7 coordination with law enforcement agencies, officers to ensure compliance to their orders and Resident Grievance Officer for redressing of the grievances of the consumers on the e-commerce platform, has been proposed. This would ensure effective compliance with the provisions of the Act and Rules and also strengthen the grievance redressal mechanism on e-commerce entities.





Putting in place a framework for registration of every e-commerce entity with the Department for Promotion of Industry and Internal Trade (DPIIT) for allotment of registration number which shall be displayed prominently on website as well as invoice of every order placed the e-commerce entity. Registration of e-commerce entities would help create a database of genuine e-commerce entities and ensure that the consumers are able to verify the genuineness of an e-commerce entity before transacting through their platform.





To protect the interests of consumers, mis-selling has been prohibited i.e selling goods and services entities selling goods or services by deliberate misrepresentation of information by such entities about such goods or services. To ensure that consumers are aware about the expiry date of the products they are buying on the e-commerce platform all sellers on marketplace e-commerce entities and all inventory e-commerce entities to provide best before or use before date to enable consumers to make an informed purchase decision.





To ensure that the domestic manufacturers and suppliers get a fair and equal treatment on the e-commerce platform it has been provided that where an e-commerce entity offers imported goods or services, it shall incorporate a filter mechanism to identify goods based on country of origin and suggest alternatives to ensure fair opportunity to domestic goods.





To ensure that consumers are not adversely affected in the event where a seller fails to deliver the goods or services due to negligent conduct by such seller in fulfilling the duties and liabilities in the manner as prescribed by the marketplace e-commerce entity, provisions of Fall-back liability for every marketplace e-commerce entity have been provided.





The proposed amendments are available on website of Dept of Consumer Affairs https://consumeraffairs.nic.insites...adslatestnewsComments_eCommerce_Rules2020.pdf and views/comments/suggestions on the draft rules may be sent to [email protected] within 15 days (till 6th July, 2021).
 

Crazywithmath

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There are talks ongoing with Samsung so that they set up a display fab in India. Don't know the progress since it is not in public domain but read that they were being offered several billions in incentives.
On a side note, do check out the reply section. There is a Chinki pretending to be a Paki, lol. I have seen the reverse happen but Chinkies pretending to be Pakis? LOL they are truly shameless creatures. 😂
 

another_armchair

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The guy in the article sites Pew Research and they clearly emphasised how the world middle class aren't Middle class by American and European standards.

@t 90s scroll article are generally discouraged here and now u know the reaosn by.
Scroll gets fund from omadiyar foundation to churn out misinformation.
And look even a well to do guy like u have fallen into the trap now imagine how many more people believe in this shit.
1624296965010.png


How much does an ultrasound scan cost in India? Rs. 400 - 1500 max.

An abdomen USG costs almost 800 dollars in Canada and this comes with a waiting period.

We are still way lot better than a lot of these high per capita income countries.

 
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Lonewolf

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View attachment 95841

How much does an ultrasound scan cost in India? Rs. 400 - 1500 max.

An abdomen USG costs almost 800 dollars in Canada and this comes with a waiting period.

We are still way lot better than a lot of these high per capita income countries.
More people more ultra sound ,easier to recover cost back
 

JBH22

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NCR should be given a huge priority by BJP especially by coming to power, Delhi needs a lot of investments as it has a huge density of skilled and higly educated dudes. Delhi has next to no big business hubs and all, all in NCR outside Delhi.
Why the hell give jobs to guys who are already living freebies by their generous CM.
 

Edinburgh

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This news has been played.
Due to the better industrial environment and investor-friendly policies, Samsung shifts display manufacturing unit from China to UP's Noida
It comes from Indian politicians: We did well, beat China, give us the vote.

In fact, Samsung shut down the consumer side of China because it failed to compete in the Chinese market,Samsung mobile phone China market share is less than 1%, Samsung TV China market share of 1.9%, Samsung laptop China market share of 2%. It will naturally move to new markets.

It can be known through Korean newspapers.

“Samsung Electronics will shut down its TV plant in Tianjin, China at the end of November. The Tianjin TV factory is the company’s only TV production base in China. At the plant, it has mainly produced TVs for the Chinese market.

Industry watchers attribute the plant shutdown to a decline in its cost competitiveness and rising labor costs in China. Samsung Electronics' share in the Chinese TV market stood at 4.8 percent in the first half of 2020, falling behind Chinese companies such as HiSense (17.2 percent), Skyworth (14.9 percent), Xiaomi (14.5 percent) and TCL (14.4 percent)

Samsung Electronics has not only stopped producing TVs but other products in China. Previously, it stopped operating its Tianjin smartphone plant at the end of 2018 and its Huizhou smartphone plant in Guangdong Province in 2019. In July this year, the company also decided to stop its last PC plant in Suzhou.
Samsung Electronics is reducing production in China and is increasing ODM and OEM production. Currently, Samsung's ODM products are manufactured by China's Wingtech. OEM and ODM supplies are on a steady rise in the home appliance business. Samsung Electronics is currently producing low-priced kimchi refrigerators and clothing care machines through the OEM method.

On top of that, Samsung Electronics is focusing on production in emerging markets such as Vietnam and Latin America. Its manufacturing bases have been more diversified compared to the past.


It can be seen that Samsung closed the end consumer market because of the failure of competition, and focused on emerging markets, Vietnam, Latin America and India,

And not What some politicians claim Mainly because.:Due to the better industrial environment and investor-friendly policies, Samsung shifts display manufacturing unit from China to UP's Noida

This is the art of language,If the news says: Samsung because of the failure of competition in the Chinese market, China's second-hand production lines moved to India. Who will vote for ?
 

Ajax01

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This news has been played.
Due to the better industrial environment and investor-friendly policies, Samsung shifts display manufacturing unit from China to UP's Noida
It comes from Indian politicians: We did well, beat China, give us the vote.

In fact, Samsung shut down the consumer side of China because it failed to compete in the Chinese market,Samsung mobile phone China market share is less than 1%, Samsung TV China market share of 1.9%, Samsung laptop China market share of 2%. It will naturally move to new markets.

It can be known through Korean newspapers.

“Samsung Electronics will shut down its TV plant in Tianjin, China at the end of November. The Tianjin TV factory is the company’s only TV production base in China. At the plant, it has mainly produced TVs for the Chinese market.

Industry watchers attribute the plant shutdown to a decline in its cost competitiveness and rising labor costs in China. Samsung Electronics' share in the Chinese TV market stood at 4.8 percent in the first half of 2020, falling behind Chinese companies such as HiSense (17.2 percent), Skyworth (14.9 percent), Xiaomi (14.5 percent) and TCL (14.4 percent)

Samsung Electronics has not only stopped producing TVs but other products in China. Previously, it stopped operating its Tianjin smartphone plant at the end of 2018 and its Huizhou smartphone plant in Guangdong Province in 2019. In July this year, the company also decided to stop its last PC plant in Suzhou.
Samsung Electronics is reducing production in China and is increasing ODM and OEM production. Currently, Samsung's ODM products are manufactured by China's Wingtech. OEM and ODM supplies are on a steady rise in the home appliance business. Samsung Electronics is currently producing low-priced kimchi refrigerators and clothing care machines through the OEM method.

On top of that, Samsung Electronics is focusing on production in emerging markets such as Vietnam and Latin America. Its manufacturing bases have been more diversified compared to the past.


It can be seen that Samsung closed the end consumer market because of the failure of competition, and focused on emerging markets, Vietnam, Latin America and India,

And not What some politicians claim Mainly because.:Due to the better industrial environment and investor-friendly policies, Samsung shifts display manufacturing unit from China to UP's Noida

This is the art of language,If the news says: Samsung because of the failure of competition in the Chinese market, China's second-hand production lines moved to India. Who will vote for ?
The reason for celebrating is different. Initially its a catch 22, you dont have display fabs and its anicillary then its very difficult to convince other manufacturers to set up shop. But if you do have some capacity its not that much of a big deal.
As for China they will have to give up most bulk manufacturing because going by current TFR there population is due to crash in about 25 years. Perhaps they even realize this and want to make Remnibi the global reserve currency but that impossible till they give up the export driven East Asian model perfected by the Japanese and allow trade deficits to allow its currency to flow out.
 

FalconSlayers

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This news has been played.
Due to the better industrial environment and investor-friendly policies, Samsung shifts display manufacturing unit from China to UP's Noida
It comes from Indian politicians: We did well, beat China, give us the vote.

In fact, Samsung shut down the consumer side of China because it failed to compete in the Chinese market,Samsung mobile phone China market share is less than 1%, Samsung TV China market share of 1.9%, Samsung laptop China market share of 2%. It will naturally move to new markets.

It can be known through Korean newspapers.

“Samsung Electronics will shut down its TV plant in Tianjin, China at the end of November. The Tianjin TV factory is the company’s only TV production base in China. At the plant, it has mainly produced TVs for the Chinese market.

Industry watchers attribute the plant shutdown to a decline in its cost competitiveness and rising labor costs in China. Samsung Electronics' share in the Chinese TV market stood at 4.8 percent in the first half of 2020, falling behind Chinese companies such as HiSense (17.2 percent), Skyworth (14.9 percent), Xiaomi (14.5 percent) and TCL (14.4 percent)

Samsung Electronics has not only stopped producing TVs but other products in China. Previously, it stopped operating its Tianjin smartphone plant at the end of 2018 and its Huizhou smartphone plant in Guangdong Province in 2019. In July this year, the company also decided to stop its last PC plant in Suzhou.
Samsung Electronics is reducing production in China and is increasing ODM and OEM production. Currently, Samsung's ODM products are manufactured by China's Wingtech. OEM and ODM supplies are on a steady rise in the home appliance business. Samsung Electronics is currently producing low-priced kimchi refrigerators and clothing care machines through the OEM method.

On top of that, Samsung Electronics is focusing on production in emerging markets such as Vietnam and Latin America. Its manufacturing bases have been more diversified compared to the past.


It can be seen that Samsung closed the end consumer market because of the failure of competition, and focused on emerging markets, Vietnam, Latin America and India,

And not What some politicians claim Mainly because.:Due to the better industrial environment and investor-friendly policies, Samsung shifts display manufacturing unit from China to UP's Noida

This is the art of language,If the news says: Samsung because of the failure of competition in the Chinese market, China's second-hand production lines moved to India. Who will vote for ?
So why are you spamming the thread with non sense?
 

FalconSlayers

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There are some really big names here will be interesting to see if they can actually do any development or all the ideas will be stuck in the planning phase
I wish Tamil Nadu does well as it will help spur growth in rest of the states that border it as they are going for big business plans. If Amravati city would not have been fcked by Jagan mohan reddy then it would have already helped Andhra’s economy.
 

sorcerer

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Airtel, Tatas collaborate to implement Open-RAN-based 5G Technology

IBEF: June 22, 2021


Bharti Airtel and Tata Group announced their collaboration to implement Open-RAN-based 5G radio and core solutions in India.

As per the analysts, due to the domestic manufacturing and use of OpenRAN technology, the collaboration would enable the telco to decrease the cost of 5G implementation.

Bharti Airtel said that it plans to pilot and deploy this homegrown solution built as part of its 5G rollout projects in India and begin the pilot in January 2022.

Jio has also established its own end-to-end telecom stack including radios and core technologies, which it is presently piloting in Mumbai and expects to commercially implement when 5G spectrum is offered commercially.

Bharti Airtel said that Tata Group has built NSA/SA core technology and a ‘state of the art’ O-RAN based radio to integrate a totally domestic telecom stack, leveraging the Group own competencies via Tata Consultancy Services (TCS). This is expected to be available for commercial development by January 2022.

Tata Group is also collaborating with start-ups and domestic firms for the R&D and domestic manufacturing in future.

Mr. Gopal Vittal, MD & CEO (India and South Asia) Bharti Airtel said, “We are thrilled to collaborate with the Tata Group to create a global hub for India in the area of 5G and allied technologies. With its world-class technology capabilities and talent pool, the country is well placed to develop cutting edge application and solutions for the world.”

Mr. Vittal said that the collaboration would offer a major boost to India forming an innovation and manufacturing destination.

Mr. N Ganapathy Subramaniam, the Tata Group/ TCS said, “As a Group, we are enthusiastic about the prospect presented by 5G and adjacent opportunities.”

OpenRAN as a model helps hardware and software to be dis-grouped, enabling technology products from various suppliers to co-exist with the other software providers. With this, firms could have the hardware such as radio made from contract producers and combine it with the software based on OpenRAN.

In 2020, Bharti Airtel manufactured its own 4G small cells by partnering with Altiostar and Sercom employing the same approach. After noticing the success, the firm now switched its focus on just 5G gear, including radio, massive Mimo, small cells and routers.



Jio and Airtel are observing OpenRAN as a feasible procedure to remove network-related costs and create more customisations as they modernize their networks to 5G technology.

Mr. Ashwinder Sethi, Principal at Management Consultancy Analysys Mason, said, “Airtel‘s strategic collaboration with Tata could enable it to reduce its 5G implementation cost and thus improve the 5G rollout business case. The collaboration also bodes well with the government’s Make-in-India initiative.”

Mr. Sethi added that the O-RAN collaboration and thus the 5G implementation cost efficiencies and more efficient as well as adaptable networks lets Airtel to compete with Jio which has also been following an in-house 5G solution through organic and in-organic methods.

ET previously stated that Airtel was in discussions with domestic and multinational vendors to indigenously manufacture 5G gear and other wireline and wireless networking products.

In line with make in India initiative, Bharti Enterprises Ltd. had recently formed a joint venture (JV) with Dixon to produce networking and telecom products.

Tata Consultancy Services (TCS) is creating a global system integration expertise to strengthen the 5G offering besides facilitating support to both 3GPP and O-RAN standards.

Airtel said in a statement, the 5G solutions, when commercially demonstrated in Airtel’s distinct and brownfield network, would open export prospects for India.
 

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