Question

Current Event Updates: Sources must be recent; they cannot come from sources dated prior to January 1, 2019. Current event submittals must be on topics/issues specifically related to business policy and strategy. Current event updates must come from the following source: business/professional magazine/journal/publication

Format for submitting current events:

• Title of Article
• Name of Newspaper/Website/Publication/Program
• Date of Publication/Date Program Televised
• Author/Presenter/Interviewer/Website Retrieved From
• Main Point Raised
• Summary/Overview/Highlights
• Relate how the article pertains to the topic of business policy and strategy
• Conclusion – impact on business policy and strategy (focus on such things as agree/disagree/more questions/is the problem solved/government should intervene, your suggestions for a solution)

Answer 1

Article link: https://thewire.in/business/india-amazon-flipkart-concerns-fdi-rules

Article title: India’s Curbs on Amazon and Flipkart Address Concerns, But Still Lack Clarity: The Centre's FDI policy changes may be a case of all the right moves in all the wrong places.

Date: 7th February 2019.

The Wire: Business section:Author:Divij Joshi

Main points: This article talks about Indian government putting restrictions on online sellers like Amazon and flipkart in India. These platforms can no longer sell products produced by companies it is related to or has control over. Indian government accused these online sellers of prioritizing its own goods or services over those of a competitor.

Summary: This is very simple article in which Amazon and Flipkart are accused of not being 'neutral' when they act as intermediary between seller and customer. They use their market power to sell affiliated or own brands and hence are killing small retailers in India through price and delivery competition. Indian government is mandating to stop this. However wordings of this decision by Indian government is not very clear and online retailers may find loopholes into it,

Conclusion: Amazon and Flikart will have to come up with a new strategy to deal with this as Indian government has barred them in selling own brands giving reference of FDI act.