Unrest growing against e-tail
The unrest among brick-and-mortar retailers against online retailers is growing. The channel association of Kerala recently met the state finance minister and highlighted how online retail was negatively impacting the states’ tax and revenue collections.
Reportedly the finance minister has agreed to study the revenue loss to the state treasury and assured the delegation that if the report indicates substantial revenue loss, it will bring a legislation against online retail.
Another big campaign against e-tailers has been started by an online group Wewillact.com which aims to spread awareness on the impact of online retail on small traders and the country’s economy.
“We feel that many of the online retailers in a bid to acquire more marketshare are discounting the product margins, which is affecting the MOP. We have lodged a formal complaint with the Competition Commission of India. We have also asked for information under the RTI Act on the raids conducted by enforcement officials on leading e-tailers earlier this year,” informed Hari Rastogi, Founder, WewillAct.com and CEO, Laptopwale.