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Unlock Salon-Smooth Hair at Home with These Top-Rated Hair Serums on Amazon

India.com29-04-2025

Zee Media Bureau
Apr 29, 2025
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Online prices in 12 cities to be monitored for new CPI series
Online prices in 12 cities to be monitored for new CPI series

Economic Times

time7 hours ago

  • Economic Times

Online prices in 12 cities to be monitored for new CPI series

The government plans to monitor e-commerce price trends in 12 major cities to improve the accuracy of the new Consumer Price Index (CPI) series, set to release in 2026. This initiative involves tracking prices from leading online sellers and expanding market coverage to 2,900 markets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The government has identified 12 cities with a population of more than 2.5 million each to monitor e-commerce price trends as part of efforts to accurately capture changing consumption patterns in the new Consumer Price Index (CPI) series, which is scheduled for release in 2026, said people aware of the each of these cities, prices of a particular item charged by the leading seller in that city will be noted. For instance, rice prices in Lucknow could be tracked via BigBasket, while in Bengaluru it might be Amazon, said an official, who did not wish to be updated CPI series will expand coverage to 2,900 markets, up from the current 1,181 rural and 1,114 urban markets, the people told base year for the price series will shift to 2024 from 2012, while the weights of items in the index will be derived from the Household Consumption Expenditure Survey (HCES) new series will avoid redistribution of weights. "There will be no redistribution of weights in the new series," the official incorporate changing consumption patterns in the CPI, weights are often redistributed. However, this can lead to overestimation as reallocating weight to another commodity may inaccurately represent its actual share in the consumption basket."It could be that the composition and weights must be fairly representative and in accordance with HCES 2011-12, which is why they have decided on exclusion of redistribution of weights," said Madan Sabnavis, chief economist at Bank of Baroda Gaura Sengupta, chief economist at IDFC First Bank , said this is done to avoid volatility in the statistics and programme implementation ministry aims to enhance market coverage across sectors. The new series will also track prices of online streaming services (OTT platforms), as well as rail and air ministry had written to e-commerce and quick commerce companies such as Amazon, BigBasket, Zepto, Flipkart and Zomato nearly two years ago, seeking access to pricing data. However, none of them agreed to share the information owing to concerns around privacy and business strategy ministry is exploring the use of scanner data, which has been incorporated by many European countries. Efforts are underway to directly procure scanner data from retail organisations, the official scraping is also being explored, it poses some challenges, according to the ministry is also consulting international organisations, including the World Bank and the International Monetary Fund, ET had reported earlier.

Online prices in 12 cities to be monitored for new CPI series
Online prices in 12 cities to be monitored for new CPI series

Time of India

time7 hours ago

  • Time of India

Online prices in 12 cities to be monitored for new CPI series

The government plans to monitor e-commerce price trends in 12 major cities to improve the accuracy of the new Consumer Price Index (CPI) series, set to release in 2026. This initiative involves tracking prices from leading online sellers and expanding market coverage to 2,900 markets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The government has identified 12 cities with a population of more than 2.5 million each to monitor e-commerce price trends as part of efforts to accurately capture changing consumption patterns in the new Consumer Price Index (CPI) series, which is scheduled for release in 2026, said people aware of the each of these cities, prices of a particular item charged by the leading seller in that city will be noted. For instance, rice prices in Lucknow could be tracked via BigBasket, while in Bengaluru it might be Amazon, said an official, who did not wish to be updated CPI series will expand coverage to 2,900 markets, up from the current 1,181 rural and 1,114 urban markets, the people told base year for the price series will shift to 2024 from 2012, while the weights of items in the index will be derived from the Household Consumption Expenditure Survey (HCES) new series will avoid redistribution of weights. "There will be no redistribution of weights in the new series," the official incorporate changing consumption patterns in the CPI, weights are often redistributed. However, this can lead to overestimation as reallocating weight to another commodity may inaccurately represent its actual share in the consumption basket."It could be that the composition and weights must be fairly representative and in accordance with HCES 2011-12, which is why they have decided on exclusion of redistribution of weights," said Madan Sabnavis, chief economist at Bank of Baroda Gaura Sengupta, chief economist at IDFC First Bank , said this is done to avoid volatility in the statistics and programme implementation ministry aims to enhance market coverage across sectors. The new series will also track prices of online streaming services (OTT platforms), as well as rail and air ministry had written to e-commerce and quick commerce companies such as Amazon, BigBasket, Zepto, Flipkart and Zomato nearly two years ago, seeking access to pricing data. However, none of them agreed to share the information owing to concerns around privacy and business strategy ministry is exploring the use of scanner data, which has been incorporated by many European countries. Efforts are underway to directly procure scanner data from retail organisations, the official scraping is also being explored, it poses some challenges, according to the ministry is also consulting international organisations, including the World Bank and the International Monetary Fund, ET had reported earlier.

CCPA's advisory on dark patterns sent to over 50 online platforms
CCPA's advisory on dark patterns sent to over 50 online platforms

Business Standard

time10 hours ago

  • Business Standard

CCPA's advisory on dark patterns sent to over 50 online platforms

India's consumer protection watchdog recently issued an advisory to over 50 online platforms, asking them to eliminate dark patterns and conduct self-audits in three months. The Central Consumer Protection Authority (CCPA) sent the directive not just to e-commerce giants such as Amazon and Flipkart, but also to travel aggregators, food-tech platforms, ride-hailing firms, meditech start-ups, streaming services, and fintech companies. Business Standard reviewed a copy of the June 5 email, which noted ongoing instances of dark pattern use despite existing guidelines. In some cases, the CCPA said it had issued notices. The advisory cited Rule 4(9) of the Consumer Protection (E-Commerce) Rules, 2020, which mandates that consumer consent for purchases must be explicitly obtained — not automatically recorded through pre-ticked checkboxes or similar mechanisms. Flipkart, in a statement, said the company welcomes the CCPA's emphasis on fostering online consumer confidence. "At Flipkart, our commitment to develop & run an open, transparent, technology driven marketplace focused on our customers is in complete sync with the government's focus. Our active collaboration with the government and other stakeholders has been key to jointly shaping a responsible e-commerce ecosystem. We constantly keep assessing and self-audit requirements to ensure comprehensive and timely compliance , and we see this advisory as a reaffirmation of the values already central to our Flipkart Marketplace Platform," the statement added. Another platform acknowledged the advisory but noted that the dark pattern guidelines are not legally binding. It argued that such practices are not an industry-wide issue and that firms experiment with design elements to boost engagement and sales. Business Standard wrote to platforms including Amazon, Meesho, Apple, Uber, BookMyShow, Paytm, Namma Yatri, Meta, Nykaa, Zomato, Swiggy, BigBasket, Tata 1mg, and Snapdeal. However, these queries did not elicit a response till the time of going to press.

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