Business and Management,  Daily Updates

CCI to speed up the probe on Amazon & Flipkart

INDIA’S ANTITRUST WATCHDOG plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com and walmart’s Flipkart as these intensify scrutiny of big tech firms,two people close to the matter said.

The comments come as major technology friends including Twitter and Facebook are at loggerheads with the government over issues such as data privacy bills and policies. Some of industry executives have been called protectionist. The Competition Commission of India(CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart promote selected sellers on their E-Commerce platform and deep discount satisfied competition. The complaints have denied wrongdoing. Near immediate legal challenges from the pair stalled the probe for over a year until a court last week allowed it to resume, having dismissed arguments that the CCI lacked evidence. Though Amazon and Flipkart are likely to submit the demanding informations related to the allegations “as quickly as possible”, said one of the people who declined to be identified due to the sensitivity of the matter. The investigation “will be expedited”, the person said. Such investigations in India typically take months to complete. Amazon declined to comment. Flipkart and the CCI did not yet respond on requests for comment.

Aditya Kr Santra, Bachelor of Technology in Power Engineering 2020-24; Jadavpur University, Mail id- adisantra.11nov@gmail.com

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