FDI shock for Flipkart, Amazon as govt says no to deadline extension3 min read . Updated: 20 Mar 2019, 09:42 PM IST
- The decision not to delay the e-commerce norms was taken after 'due consideration', Department of Industrial Policy and Promotion said
- Flipkart and Amazon, are expected to bear the brunt of the new regulations, which come into effect on Friday
Bengaluru: The government snuffed out any hopes of deferring the implementation of new foreign investment rules in e-commerce, dealing a huge blow to Flipkart and Amazon India that have been lobbying furiously to get the new regulations postponed or scrapped entirely.
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