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Which Union Ministry set up a 10-member panel to check on the discounts offered by the online retailers?
  • a)
    Ministry of Corporate Affairs
  • b)
    Ministry of MSME
  • c)
    Ministry of Urban Development
  • d)
    Ministry of Commerce and Industry
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which Union Ministry set up a 10-member panel to check on the discount...
The Corporate affairs ministry set up a 10-member panel to check on the discounts offered by the online retailers. The panel will set probe to Practices in the digital economy, Backlog of competition cases to be resolved and The fee structure followed by the Competition Commission of India (CCI). These came to the forefront as traditional retailers requested the commerce minister to impose a ban on discounted sales by online sellers. This is possible due to access of e-retailers to foreign direct investment (FDI) which allows them t offer discounts.
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Which Union Ministry set up a 10-member panel to check on the discounts offered by the online retailers?a)Ministry of Corporate Affairsb)Ministry of MSMEc)Ministry of Urban Developmentd)Ministry of Commerce and IndustryCorrect answer is option 'A'. Can you explain this answer?
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