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Industry sources have said the new policy would raise compliance costs and force Amazon and Flipkart to review their business arrangements in the country rose cufflinks. Flipkart and Amazon have both started working on approaching thousands of sellers on their platforms to ensure the companies comply with the regulations, three sources aware of the matter said, even as they seek a deadline extension. For Flipkart, the process would take five-to-six months, said one of the sources, who told Reuters: “the company is right now focusing on working with sellers (for compliance), all rest is on the back burner”..
India’s small traders had complained that large e-commerce companies used their control over inventory from their affiliates to create an unfair marketplace that allowed them to offer deep discounts on some products. Such arrangements would be barred under the new policy. Amazon told Reuters last week it had written to the Indian government to seek an extension of four months. With more than 400,000 sellers and “hundreds of thousands of transactions” daily, Amazon said it needed the time to understand the policy rose cufflinks.
Flipkart, in its letter, said the group has more than 80,000 employees and contractors and the number of shipments and packages which move daily were between 500,000 and 600,000. The new policy “imposes several new conditions, which we believe could potentially have undesirable impacts on the continued growth of e-commerce in India”, Krishnamurthy wrote. The company added that it wanted to work with the federal government to promote “pro-growth policies” which can help develop the e-commerce sector. Before the policy change, Morgan Stanley estimated India’s e-commerce market would grow 30 percent a year to $200 billion in the 10 years up to 2027 rose cufflinks.
MADRID (Reuters) – Hundreds of taxis blocked a central traffic artery in Madrid during Monday’s morning rush hour, in their biggest show of strength yet as a protest seeking tighter regulation of Uber and other ride-hailing services entered its second week. Anti-riot police backed by a fleet of tow trucks took several hours to clear the vehicles from the capital’s Paseo de la Castellana. Stoppages are expected elsewhere as the protest drags on. The city’s taxi drivers started the protests last week against the private services, which offer rides that often undercut taxi prices and can be hailed via the internet rather than in the street rose cufflinks.
In September, Spain’s government gave ride-hailing companies four years to comply with regulation granting them just one new license for every 30 taxi licenses. The cab drivers are demanding stricter regulations now rose cufflinks. “They (ride-hailing services) can’t do the same services that a taxi does. They can’t pick up people on the streets. That is illegal but nothing happens,” said taxi driver Juan Mateos. Taxi drivers in Barcelona ended a strike last week after regional authorities proposed the ride-hailing services can only be booked a short time in advance and cannot be hailed in the street..