Comments
The Federation of Direct Selling Association (FDSA) has welcomed the Government’s initiatives on framing of ‘model guidelines’ to segregate genuine direct selling with ponzi schemes.
The President of the Association, A.P. Reddy who was also present amongother stakeholders at a meeting held in the Corporate Affairs Ministry last month, has termed this development as a ‘rescue tender for Direct Selling Industry’ which is reeling under turbulent time, with distributormorale very low across the country.
The federation, which has over 6 crore distributors associated throughout the country, has strongly raised the issue of clear regulations in different platforms on various occasions since the existing rules and acts are not able to handle advancement of systems and introduction of newer methods of marketing, he said in a release.
Reddy also pointed out that in the absence of any suitable guidelines, incidents of harassment from State Government authorities and police administration have been reported in recent times. Any kind of amendments will find its own limitations in providing a favourable environment for smooth running of direct selling system. Largely, it is felt that a separate set of norms for the industry will be best suitable for consumers, distributors, self-employed entrepreneurs, he added in the release.
somasekhar.m@thehindu.co.in
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.