DPIIT receives complaints of e-tailers offering deep discounts: Piyush Goyal

New Delhi, Nov 22 (KNN) Commerce and Industry Minister Piyush Goyal on Friday informed Parliament that  the Department for Promotion of Industry and Internal Trade (DPIIT) has received complaints that e-commerce companies are offering deep discounts, indulging in predatory pricing and influencing the prices of goods sold on the platform.

"Some representations have been received in this department, complaining that e-commerce companies are offering deep discounts, indulging in predatory pricing, engaging in B2C business, exercising control over inventory and influencing the prices of goods sold on the platform," he said.

Any violation of foreign direct investment (FDI) regulations is covered by the penal provision of the Foreign Exchange Management Act (FEMA), 1999, Minister said in a written reply to the Rajya Sabha.

The policy is made legally enforceable through notifications under FEMA, 1999, by the RBI.

Meanwhile, in a separate reply, the minister informed that the prohibition on export of onions has been imposed in view of the prevailing adverse domestic availability and price situation.

"No report of adverse impact on onion growers in the country, particularly in Maharashtra, has been received in the ministry," he said.

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