x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Previous records set to tumble | The Incomplete Return: Revisiting the Home We Never Lived In | Healing Wounds - Reviving Tourism in Kashmir | Turning Pages in a Scrolling World: The Quiet Return of Reading | Decades-old Kashmiri Pandit killing cases may reopen following LG’s initiative | Doda’s deadly roads: Fatal accidents persist | BJP misleading people of J&K and country on Omar Govt’s performance: Surinder Choudhary | HC reject pre-arrest bail in PMLA of Master-Mind in fake Cryptocurrency case | Robbery case solved Jammu police | Trials for upcoming national Netball championships | BIS JKBO Organizes "Manak Conclave" for Industries and Stakeholders Engagement in Kathua | Health & Education pillars of J&K's progress and prosperity: CM Omar Abdullah | CISF Wins 64 Medals at World Police and Fire Games 2025 in the USA | HC reject bail plea of Narco Terrorism | Another batch of pilgrims leaves Jammu for Amarnath Shrine | BJP Jammu & Kashmir holds joint organizational meeting | Swachhta Internship Program launched to foster cleanliness culture in schools | Reasi police nabs drug peddler; 509.930 grams of cannabis recovered | JKNC delegation meets Deputy Chief Minister Surinder Choudhary | Nominations for Padma Awards-2026 open till 31st July, 2025 | UIDAI urges parents and guardians to update children's Aadhaar biometrics; free between ages 5 and 7 | Gold declines Rs 200 to Rs 99,370/ 10 G; Silver plunges Rs 3,000 to Rs 1.12 lakh/kg | Ladakh Administration reopens property return portal for final time till July 30 | Tony leads delegation of Trikuta Nagar to JMC Commissioner, submits memorandum | CM Pushkar Singh Dhami meets Union Health Minister JP Nadda in Delhi | CM Yogi's Gram-Urja model to transform rural Uttar Pradesh into self-reliant, energy-rich villages | NFR's Seamless Electric Traction upto Dibrugarh & Naharlagun makes ease in Railway Transportation system for NE | DLSA Udhampur convenes UTRC meeting | Skilled youth are the backbone of self-reliant India: CM Yogi | Army organises Quiz Competition on Agra Summit | Children, Adolescent groups formed at Rajouri | Secretary, Department of Food & Public Distribution chairs review meeting with UT Ladakh Administration | SMVDNSH Katra achieves milestone with first neuro-navigation guided brain tumor surgery | Udhampur police busts Inter-State Gold fraud; accused arrested within 24 bours | Jammu Police seizes two tippers for Illegal Mining | J&K cadets script history on Mt Everest” | Kidnapped girl traced, accused arrested by Doda Police | UTDRF Doda unit organizes disaster awareness session | DC Srinagar reviews progress of construction of Panchayat Ghars | APS Damana hosts prestigious, spirited Inter-APSs cluster-I hindi debate competition | Udhampur Police book another Notorious bovine smuggler | J&K clinches Gold at National ODOP Awards 2024 for second consecutive year | Inter District Division Level Youth organizes Exchange Programme | Chairman DLSA emphasizes vital role of UTRC meetings in strengthening criminal justice system | Gill didn't look as technically tight or calm as usual: Vaughan | Happy to silence the the keyboard warriors: Jofra Archer | BLSKS observes “World Youth Skills Day 2025” | Back Issues  
 
news details
CAIT suggests imposition of minimum operating price for products
11/17/2019 9:58:20 PM
Agencies
New Delhi, Nov 17: Traders body CAIT on Sunday suggested the government to impose a "minimum operating price" for products, alleging that traders are at the receiving end of a pricing onslaught posed by e-commerce firms and brands in collusion with banks.
The Confederation of All India Traders (CAIT) has written a letter in this regard to Union Commerce and Industry Minister Piyush Goyal. "Under the circumstances and visualising it as a price war, we suggest it is the high time when the government must step in and enforce the fundamental of Minimum Operating Price (MOP) which is the price consisting of landing price, operational cost and reasonable profit margin and below the MOP no product should be sold in the market," CAIT said in the letter. The traders' body alleged that e-commerce companies and brands in collusion with banks, by charging much lower price than the actual market value are depriving the government of GST and other revenue.
"It is the responsibility of the Brands to advise to their buyers to sell their products at MOP to maintain the market hygiene keeping in mind that retailer should earn at least minimum margin to cover his operational cost and earn very thin margin," CAIT suggested in the letter to Goyal.
It said there should be a uniform policy of discounting by brands both for online and offline trade.
"Cash back on credit cards given by the banks should also be made applicable to offline trade. There should not be any kind of exclusivity either for online or offline trade. Upgrade or buyback offer by brands should remain the same for both offline and online trade. All schemes of the brands should be made available to online and offline trade in a transparent manner," CAIT said, arguing that this will create a level-playing field for every player in retail trade. In this context, we suggest that the government should initiate a discussion with all stake-holders on MOP and frame rules for the same, the traders' body observed. It also suggested that the government should constitute a Regulatory Authority to regulate and monitor all verticals of retail trade including small retail, big retail, e-commerce and direct selling besides MOP, and if anyone wants to offer any scheme, the same should be approved by the Regulatory Authority.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU