The traders’ association is pleased with the draft e-commerce rules, The Consumer Protection (e-commerce) Rules, 2019, issued by the Department of Consumers Affairs earlier this week. They reckon such rules will curb the so-called malpractices of e-commerce companies that are intended to destroy the domestic trade and mislead consumers. There is no denying that the proposed rules seek to bring transparency in the delivered price of products bought on an e-commerce platform, set out refund rules, and require sellers to be responsible for warranty and guarantee of the goods and services sold and also provide upfront information on the exchange, returns and refund process.

Publication : The Hindu Business Line

Date : November 15, 2019

Consumer spending fell for the first time in more than four decades in 2017-18, primarily driven by slackening rural demand, according to the latest consumption expenditure survey by the National Statistical Office (NSO). The survey — Key Indicators: Household Consumer Expenditure in India — shows the average amount of money spent by a person in a month fell by 3.7 per cent to Rs 1,446 in 2017-18 from Rs 1,501 in 2011-12. The figures for monthly per capita consumption expenditure (MPCE) are in real terms, meaning these have been adjusted for inflation, keeping 2009-10 as the base year.

Publication : Business Standard

Date : November 15, 2019