Afternoon D & C Dedicated To Mumbai
Home > Business > Mohandas Pai backs new FDI norms for e-commerce

Mohandas Pai backs new FDI norms for e-commerce

Thursday, February 07, 2019

Even as the industry continues to raise concerns over the new FDI norms governing the e-commerce space, former Infosys chief financial officer Mohandas Pai yesterday said it is a move in the right direction. E-commerce firms are "using abusive, predatory pricing to drive out local businesses and we do not want global monopolies," Pai, who is also associated with the startups promotion body Isprit, told the ongoing Tiecon 2019 summit. "The regulations that we have introduced is somewhat reasonable even though the way it was done is wrong," he said.
 

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
A total of 323 candidates, including Union Minist
Cash and liquor worth Rs 126.64 crore seized ...
Illegal hawkers on local and long distance trains
We are convinced that children need to be educate
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You are likely to remain careful and watchful today, foretells Ganesha. And because you'll be invited to parties and other social events, your enthusiasm will remain buoyant. You will also strike the right balance between business and pleasure, says Ganesha.
- Advertising -
St Xavier’s High School Fort celebrates its sesqu
Sarab Matharu uses vertical farming to fruitfully
Hindustani Classical Music Santoor Legend Pandit
Read More