ED shifts focus to Amazon and Flipkart ties with preferred sellers

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The story "ED shifts focus to Amazon and Flipkart ties with preferred sellers" was covered 7 hours ago by Business Standard, a news publisher based in India.

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ED shifts focus to Amazon and Flipkart ties with preferred sellers - Business Standard

Quick Summary:

Under India’s FDI rules, e-commerce platforms are prohibited from exercising control over vendors and are required to operate solely as neutral intermediaries.

In 2018, the government further tightened these norms, prohibiting platforms from holding stakes in sellers or influencing their operations.

Executives from both companies have denied any wrongdoing.“FDI norms are stringent, and with most transactions having a digital trail, it is nearly impossible to violate them,” an executive told The Economic Times.