Amazon, Flipkart flag FDI rule issues, but Piyush Goyal may not budge

Top e-commerce players, including Amazon, Flipkart and eBay, flagged issues on foreign direct investment (FDI) rules in a meeting with commerce and industry minister Piyush Goyal late on Monday, but a dilution of the crucial December 26, 2018, FDI circular is unlikely.

Reuters, quoting three unnamed sources, reported that Goyal also warned foreign e-commerce firms against providing steep online discounts.