x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   ULB’s Engineering Wing abolished | Forget Jammu, Kashmir continues to be priority for foreign delegates | Refers complain to GAD Secretary retired in 2015 | Four months on, minutes of KU's syndicate meeting yet to be finalized | Time running out for Kashmir centric parties | NC looks for escape-route to contest Panchayat elections | With no ban, doctors openly run private health centres in J&K | BUMS doctor prescribes allopathic medicine to gullible patients at SDH Kupwara | KPs caution people against touts, warn Govt of playing with its future survival | e-services of Transport Department proves to be eyewash | Govt for pacing up of central schemes | TIC organizes debate on “Environmental Protection” | DYSS Deptt conducts block level Chess, Carrom matches | Entrepreneurship Development Program concludes | DIC Kathua organizes symposium on Drug Addiction | Go for the kill | India Factor in Pak nuclear programme | Divisive Politics Defeated in Delhi | Munish urges admin to come for rescue of Bhour Pind residents | Commissioner JMC conducts tour of city | Workshop on drug abuse awareness and prevention | ESRM stages street play "Waqt Aur Mouka" | Centre proposes panel to draw out constituencies in new union territory | 5 Day Training Programme “IMPACT” under Samagra Shiksha concludes | 33rd convocation of IGNOU organized | 22nd Taekwondo C’ship concludes | SDTP School becomes overall champion | Climbing championship for visually challenged climbers on 23rd-24th March | Sports festival 2020 inaugurated | International Women’s Conference organised | Evengical Church registers wins in 3rd Inter Church Cricket Championship | 27th Annual Football Championsh continues, two games played | JSS Jammu shines in Inter School “Dramebaaz” competition | Despite promises; Govt yet to revoke SRO-202, employees seek LG’s intervention | Is Doctors Association Kashmir trying to create fear psychosis among people? | Citing losses post Article 370 abrogation, industrial units ask workers to quit | DDC inspects ‘Back to Village’ works in Marh block | 15 years on, GDC Mendhar lacks hostel facility | Bukhari to float new regional party in J&K | Former executive engineer of PHE division booked on corruption charge | Police takes strong note of misuse of social media in Kashmir, registers FIR at Cyber Police Station | Incharge Supervisors of ICDS Rajouri demand release of 2 years pending salary | Power shut down | ADM imposes restrictions around examination halls | Rates for chopper service to Marwah slashed by Rs 600 | CEO issues notification for Phase-II of Panchayat by-polls | Will take part in J&K panchayat polls if curbs are lifted: Cong | Union Jt. Secy reviews progress on Land Record digitization in J&K | Advisor Bhatnagar reviews progress of preliminary work | Bootlegger arrested in Ramban | Surge in essential commodities prices ahead of maha Shivratri festival | Teachers' demand reorganization of Education Department | HC directs Govt to promote petitioner JE Grade I | Rape accused who fled from police custody rearrested | JPDCL holds 2nd BoD meeting | Barring Gurez roads to far-flung, remote areas reopened in Kashmir | Father jailed for ignoring maintenance to son battling dreadful disease | Rescue operation continues to recover student buried under avalanche in Kashmir | Mehta, Chauhan, Hafeez listen to people’s grievances | Residents of Daskal stage protest against NHAI | Mohra Kallar village lacks dispensary, patients suffer | Three arrested with cannabis | BBIA conducts awareness programme | BGT celebrates Hora Ashtami | Border areas worst victims of Govt apathy, Pak sponsored terror: Harsh | BJP is home for everyone: Sunil Sharma | JKNPP stages protest against mining department; torches effigy | LG has assured to consider CPFWA's demands: Chauhan | 54.10 kanals of Govt land retrieved from encroachers | Free orthopaedic camp organised | BJP appeals NC to take part in J&K panchayat bypolls | JKTJAC deputation meets DSEJ, highlights issues | Let Gen Dwivedi takes over as GOC Riding Star Corps | NHM organises 3 day workshop | JKFFA felicitates Padam Shri Prof Nirmohi, VKK members | Mayor reviews development works | GDC Udhampur organizes workshop on entrepreneurship | Jammu doctors honoured in IMSCON | Commissioner JMC conducts tour of city | Silk India Exhibition witnesses heavy footfall | Khajuria Biradari observes annual Murti Sathapna Divas Samaroh | 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