Food and Consumer Affairs Minister Piyush Goyal underscored the Centre’s proactive measures in recent years to regulate retail prices of food items, emphasising the government’s commitment to controlling inflation while fostering economic growth. Speaking at an event organized by the ministry to commemorate National Consumers Day, Goyal acknowledged India’s status as the fastest-growing large economy. […]
The ecommerce giant, Amazon, has asked a federal court to dismiss a US government antitrust lawsuit that accuses the company of using illegal strategies to boost profits at its platform, including an algorithm that allegedly pushed up prices by more than USD 1 billion. In September, the US Federal Trade Commission (FTC) filed a lawsuit, […]
India’s digitization has pushed the e-commerce landscape to new heights, with a growing number of consumers relying on online platforms for their shopping needs. However, this rapid growth has also brought about various challenges and concerns related to the Monopoly of a few big marketplaces, small retailers’ interests, fair competition, logistics, and so on. Post-COVID, […]
The union government’s decision to impose a Minimum Export Price (MEP) of USD 800/ton on Onion with effect from 29 October 2023 till 31 December 2023 recorded a decline of 5 per cent to 9 per cent from the highest price registered during the last week. The weighted average price of Onion in Maharashtra across […]
In a move to address concerns related to domestic rice prices and ensure an adequate supply for local consumers, the Indian Government has taken significant steps regarding Basmati rice exports. Effective from 25 August 2023, contracts for the export of Basmati rice with a value of USD 1200 per metric ton (MT) and higher are […]
The Uttar Pradesh government, led by Chief Minister Yogi Adityanath has issued instructions to senior officials in the Department of Food and Civil Supplies to address the issues of hoarding and price increases of pulses within the state. These instructions include conducting inspections and verifications of pulse traders to enforce the revised stock limit set […]
The Delhi High Court recently granted a permanent injunction, prohibiting a Pizza outlet based in Ghaziabad from using the name ‘Dominick Pizza,’ as it infringe upon the trademark of the multinational pizzeria giant, Domino’s Pizza. Justice C Hari Shankar determined that ‘Domino’s Pizza’ and ‘Dominick’s Pizza’ were phonetically similar, making the marks deceptively similar. The […]
In order to prevent the potential “illegal” shipment of white non-basmati rice masquerading as premium basmati rice, the government said on Sunday that it would not permit exports of basmati rice below USD 1,200 per tonne. The commerce ministry stated in a statement that it has told trade promotion agency APEDA not to register contracts […]
Australia’s Federal Court has ruled that Dell Technologies Inc’s local unit, Dell Australia, must pay a hefty penalty of AUD 10 million (USD 6.46 million) for deceptive marketing practices related to add-on computer monitors. The court’s decision comes after a lawsuit brought forward by the Australian Competition and Consumer Commission (ACCC), which accused Dell Australia […]
The Authority for Consumer Protection and Fair Trade announced Thursday its intention to issue an administrative order to stop violations of monopolistic practices that it charged Israel’s three major soft drink companies to engage in. The companies are the Central Company for the Production of Soft Drinks, Tempo Beverages, and Yapaura-Taburi. The Authority ordered the […]
