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Binny Bansal to chair the commitee to fight inflation

15, Oct 2014 By atul13anand

Finance ministry has set up a three member committee having chiefs of Flipkart, Amazon, and Snapdeal as its members chaired by Mr. Binny Bansal, co-founder of Flipkart.

The committee will help government fighting inflation in the country. The decision came after retail inflation eased to five year low to 6.46%, thanks to the predatory pricing tactics acquired by leading e-commerce companies in India as aftermath of big billion day.

The idea to make petrol and diesel available under e-commerce platform is also under consideration. Government may consider distributing subsidized goods including food items distributed under food security scheme through these companies. In addition to these government has also asked people to suggest cheap ideas through MyGov which can help goods become cheaper in the country.