E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify

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New Delhi, June 30 | As ecommerce regulations are tightened, fight between foreign companies Amazon, Flipkart and Indian companies Reliance, Tata Group is set to intensify.

Foreign brokerage, Jefferies said in a note, “The proposed rules now target indirect ownership in vendors, own label, flash sales. Fight between foreign cos (Amazon, Flipkart) & Indian cos (Reliance, Tata Grp) is set to intensify”.

India’s e-commerce industry faces complex regulations, the note said. While B2B & single brand retail have a stable framework, FDI in inventory-led e-comm. is prohibited. 100% FDI is allowed in marketplace but regulations are evolving – 2018 rules pushed Amazon to reduce stake in a key seller.

In July-2020, new regulations were enacted with an intent to protect customer interest. However, in 2021, there have been amendments to those rules, still at a draft stage and open to public comments until 6-July — these are applicable to both Indian and foreign backed platforms, but seem more relevant for Amazon & Flipkart, based on our reading, Jefferies said.

Increase in the scope of related parties to now include common chain of directors, more than 10% common ultimate shareholders, 5% shareholding in related entities etc.

Related party, as defined above, cannot become a seller on the platform and also cannot do anything that e-commerce entity itself cannot do.

Marketplace cannot sell goods or services to any vendor on its platform. “Marketplace name or brand cannot be used for the product – ‘Amazon’ Alexa for example, in our view; • Marketplace subject to fallback when vendor fails to perform; flash sale favouring certain vendors only is not allowed etc”, the note said.

Amazon started in 2013 as a marketplace but faced issues on FDI. In 2014, Amazon entered into a partnership with Catamaran Mgmt. Services (promoted by Infosys co-founder Narayana Murthy), which owned 51% while Amazon owned 49% in Prione Business which owned Cloudtail India, the key vendor on Amazon India platform. However, the 2018 regulation pushed Amazon to reduce its stake to 24% with Catamaran now at 74%.

FDI in any form of retail was banned in India until 1996. However, 100% FDI was allowed in wholesale cash & carry in 1997 which was also extended to B2B e-commerce in 2000.

In 2006, 51% FDI was allowed in single-brand retail which was made 100% in 2012 with some restrictions (30% local sourcing etc.).

Single brand retailers have been also been allowed to run B2C e-commerce from 2015. In 2013, FDI was allowed in multi-brand retail (with some restrictions). However, the final approval was left to individual states and today, around 11 states and 1 Union Territory allow FDI, while rest do not. E-commerce models.

In 2016, the e-commerce policy allowed 100% FDI in marketplace but banned the Inventory-led model. Over the years, the marketplace regulations have evolved covering aspects like control over inventory and direct/ indirect investments in vendors. 2018 regulations.

The industry managed to create alternate structures in order to adhere to the regulations until 2017. This prompted lawmakers in 2018 to tighten their grip by restricting: a) control over inventory which covered cases where a vendor buys more than 25% of its products directly or indirectly (group firms of marketplace); b) direct or indirect ownership in vendor; c) level playing field & no preference to any vendor; d) no exclusive partnerships with vendors.

Source: IANS

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PURPOSE FUELS YOUR PASSION: MUNISH MAYA

PURPOSE FUELS YOUR PASSION: MUNISH MAYA

Don’t get confused with your purpose and passion as both go well together

Passion as well as purpose both goes hand in hand. Purpose defines the passion in life. If you are passionate about something then there will be a purpose behind it. And if you feel that you are passionate about something but you are not able to find the purpose behind it then please do self-analysis. There is surely something that you are missing out on. Munish Maya in his Instagram post took out few minutes to write about Purpose and Passion, as he feels that it is an important topic to be discussed with everyone. Mr. Maya started writing his post by making a statement, “Many people confuse passion with purpose. Others struggle to find both.”

Self-analyzing is a very tough job and it’s completely natural to get confused. Solving this problem Munish Maya says, “Passion & purpose are distinct. Passion is the drive, the energy that makes us feel good. Like they say, ‘do what you love.” People follow their passion to live a stress-free life where they can enjoy whatever the work they are doing. It is well said, ‘Follow your passion and there will not be a single day when you will have to work.’ Whereas the most asked question in relevance to passion, ‘What is the purpose?’ is answered very well by Munish

Maya in his same post, “Your purpose is the reason, your ‘Why’ behind what you do.” 

Passion and purpose go hand in hand. Munish Maya says, “From over a decade, I experienced, learned, evolved & developed new passions. They have changed my life & perspective in a great way.” Passion serves the purpose of life. Munish Maya himself followed his passion when he realized that he cannot do a 9-5 profile job, and look at him now, he is the 1st Global Brand Ambassador of India. His passion leads him to define the purpose of his life. The only purpose of Munish Maya’s life is to serve people by guiding and enlightening them about their lives.

This confusion between passion and purpose is not for the lifetime. To which Munish Maya explained by saying, “But the sweet spot is where your passion & purpose align.

One fuels your internal drive while the other maximizes your outward impact.” When both purpose and passion start to align then you will start gaining success and positivity in life.

Munish Maya describes it more beautifully, “And in the path of manifestation, Purpose fuels Passion. By focusing on your purpose, you align your work with your deepest drive- your passion.” If you are passionate about something in your life, then the purpose of your life is served.

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CAT 2021 Registration Process to End on 15th Sep

CAT 2021 Registration Process to End on 15th Sep

CAT 2021: 6 days left to apply for this entrance Exam for admission into IIMs, IITs, FMS, MDI, SPJIMR and other top Business Schools.

IIM, Ahmedabad is going to close the CAT registration 2021 window on Sep 15, 2021. Going by trends however, they may extend the application date by another week or two.

The Common Admission Test (CAT) is scheduled to be held on Nov 28. The Indian Institute of Management Ahmedabad (IIM A), conducting the CAT exam 2021, will close the CAT 2021 registration on Sep 15. Candidates seeking MBA admission 2022-23, 2022-24 batch and interested in appearing for IIM CAT 2021 can fill up the CAT application form.

The CAT applications 2021 is available only in online mode at the official CAT website.  For completing the CAT registration process, candidates will have to pay a CAT application fee of INR 2200.00 for the general category and INR 1100.00 for the reserved category.

Only 7 days left to apply for the CAT Exam, it is the most popular management entrance exam of India. IIMs, IITs, FMS, MDI Gurgaon, SPJIMR, IMT Ghaziabad, XIM University, IMI Delhi, MICA, FORE School of Management, TAPMI, GIM Goa, LIBA, GLIM,  NIRMA, IFMR GSB, LBSIM and other top Business Schools accepting CAT Score. IIM Ahmedabad, IIM C, IIM Lucknow, XIM University, GLIM and other B Schools open applications for 2022-24 batch.

Select from 150+ MBA Colleges shortlist and Apply here,

CAT 2021 eligibility criteria

  • Academic qualification: Candidates should have a Graduation/ Bachelor’s degree in any stream from a recognized University/ Institute. Final year students are also eligible to apply for CAT 2021.
  • To be eligible for the CAT exam 2021, 50% marks (45% for SC/ ST/ PwD) in Graduation/ Bachelor’s degree was mandatory. However, due to the pandemic situation in the country, some changes have been made in this regard:
    • Candidates in the final year: Students with “promotion/ pass” instead of “award of marks” certificates in any of the last two years of the bachelor’s degree can enter the “Promotion or Pass” option in the CAT application form. It will allow the student to complete and submit the CAT 2021 application form. This eligibility relaxation is also applicable to those final year students with an “award” of marks.
    • Candidates graduated in 2020 and 2021: Due to the implementation of the above point, and considering that there could be different evaluation patterns adopted by different institutes/ universities across the country due to the COVID pandemic, the CAT committee has decided to remove the minimum percentage of marks criterion (50% and 45% [or equivalent CGPA] respectively) for the CAT 2021 exam.

About CAT 2021 The Common Admission Test CAT 2021 is a national level management entrance exam that is mandatory to take for admission into respective IIMs , IIT and over 1000+ B-schools across the country. CAT Exam 2021 will be conducted as a computer-based test in three sessions at over 420 test centres in 158 cities across the country. The CAT question paper comprises questions from Verbal Ability & Reading Comprehension (VARC), Quantitative Aptitude (QA), and Data Interpretation & Logical Reasoning (DILR). Students can expect the difficulty level of the CAT exam 2021 will be moderate to high.

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“Impact of Pandemic on Organisations” to be published in ‘Abhigyan’- peer-reviewed, journal of Foundation for Organisational Research and Education’ (FORE)

“Impact of Pandemic on Organisations” to be published in ‘Abhigyan’- peer-reviewed, journal of Foundation for Organisational Research and Education’ (FORE)

The outbreak of the Covid-19 pandemic has impacted organizations, industries, and businesses worldwide. It has applied a sudden brake on the organization’s function, compelling them to look for and adopt newer ways of survival. Organizations are also experiencing significant changes in personnel behaviors, which have further impacted organizational performance and outputs. It has led to the transformation of the working environment processes and procedures, communication and personnel relations, operational, and financial management, etc.

In response to the above, “Abhigyan which is a peer-reviewed, double-blind (refereed) quarterly Management Journal of the ‘Foundation for Organisational Research and Education (FORE), focusing on management and organizational research, is publishing a special thematic issue titled “Impact of Pandemic on Organisations” to record the effect of Covid-19 on the functions and activities of the organizations.

It shall cover original research articles and review studies related to sub-themes of challenges and opportunities for organizations, organizational performance management, impact on international students, government policies to help MSMEs, and unforeseen consequences of a pandemic on organizational development.

Abhigyan”, which has been published since 1983, provides an appropriate platform for readers across all domains for the exchange of ideas. In the present case, this issue with its focus on Covid-19 is intended to help the readers to have further awareness of the impact of the pandemic on various aspects of business and organizational management. It is hoped that this will be a welcome addition to the growing body of academic and organizational research on the post-Covid-19 business environment and help in finding ways and means to respond to the challenges emanating from it effectively.

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