{"id":182,"date":"2019-05-28T14:21:04","date_gmt":"2019-05-28T14:21:04","guid":{"rendered":"https:\/\/cybernite.in\/blog\/?p=182"},"modified":"2019-07-28T14:22:36","modified_gmt":"2019-07-28T14:22:36","slug":"e-commerce-policy-update","status":"publish","type":"post","link":"https:\/\/cybernite.in\/blog\/e-commerce-policy-update\/","title":{"rendered":"E-commerce policy Update"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Amazon and Walmart \u2019s grand plans for India were thrown into chaos on Friday after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year.<\/span><br \/>\n<!--more--><br \/>\n<span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Prime Minister Narendra Modi\u2019s government tightened rules for the retail giants after strident complaints from small shops and domestic sellers.Amazon <\/span><a href=\"https:\/\/www.business-standard.com\/topic\/amazon\"><span style=\"font-weight: 400;\">\u00a0<\/span><\/a><span style=\"font-weight: 400;\">and Walmart\u2019s Flipkart are now banned from cutting exclusive arrangements with sellers, offering deep discounts or holding any business interest in online merchants on their websites.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Thousands of products have already vanished from the virtual shelves of the duo, which together account for 70 percent of India\u2019s online retail market.Walmart and Amazon have amassed vast inventories in companies in which they have business interests and had sought a four- to six-month extension to help offload those products. But the decision to go forward with the new rules on schedule was announced.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The new rules could wipe out nearly half the products on Amazon.in, said Satish Meena, an analyst at Forrester Research Inc. \u201cIt\u2019s likely to disrupt availability for customers,\u201d he said.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The biggest beneficiary from the tightened rules could be Reliance, which is India\u2019s largest private company and owns the country\u2019s biggest brick and mortar retail chain. Recently, it has spelled out ambitious plans to delve into ecommerce by getting millions of small sellers aboard a platform it\u2019s created alongside its Jio wireless service.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon and Walmart \u2019s grand plans for India were thrown into chaos on Friday after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/posts\/182"}],"collection":[{"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/comments?post=182"}],"version-history":[{"count":1,"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/posts\/182\/revisions"}],"predecessor-version":[{"id":183,"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/posts\/182\/revisions\/183"}],"wp:attachment":[{"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/media?parent=182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/categories?post=182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cybernite.in\/blog\/wp-json\/wp\/v2\/tags?post=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}