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Government tightens norms for e commerce platforms

Wednesday evening was the shocking evening for E-Tailers after the Government came up with a review of the policy on foreign direct investment (FDI) in the e-commerce sector and barred online marketplaces like Flipkart and Amazon from selling products of companies where they hold stakes and banned exclusive marketing arrangements that could influence the price of the product. The ministry of commerce and Industry said that the revised norms are aimed at protecting the interest of domestic players, who have to face tough competition from e-retailers having deep pockets from…

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