Nationalize MNCs like Amazon to protect Indian interests: Cong leader submits proposal to Govt
Bengaluru: Senior Congress leader and former KPCC Secretary, S Mohanadass Hegde, has submitted a detailed strategic policy proposal to the Government of India, urging immediate steps to either nationalize or strictly regulate multinational corporations (MNCs) such as Amazon and other Fortune 500 companies operating in India. The proposal highlights serious concerns over consumer rights, data privacy, economic manipulation, and digital sovereignty.
Hegde has argued that India’s digital and financial autonomy is under threat due to unchecked corporate practices by global tech and e-commerce giants. Drawing inspiration from India’s history of nationalizing key sectors like insurance, banking, and telecom, Hegde proposes a similar framework for handling MNCs that influence financial flows and consumer behavior in the country.
Key Issues Highlighted in the Proposal:
1. Amazon Pay Balance and Consumer Deprivation
The policy document flags Amazon Pay as a “hoax,” alleging that unrefunded balances—estimated to exceed ₹1,000 crore—are locked within the platform. According to Hegde, these funds can only be spent at select partners such as Tata 1mg, BigBasket, Ola, and Rapido, severely limiting the purchasing freedom of Indian consumers.
“Even if just one crore Indians have an average of ₹1,000 stuck in Amazon Pay, that amounts to ₹1,000 crore being retained by a private entity for speculative financial activity,” the proposal notes. Hegde adds that this directly affects India’s GDP, consumer dignity, and tax revenue. He also cited individual cases, including one where a buyer reportedly has ₹22,000 locked as a “gift balance” with Amazon for years.
2. Privacy Violations and Lack of Constitutional Oversight
Hegde warns that employees of MNCs in India are not bound by constitutional obligations towards Indian citizens. Instead, they follow internal corporate policies which often lead to:
Unseen notes and markings on customer profiles
Targeted digital advertising based on private data
Snooping on mobile apps and usage behavior
He alleges that such practices amount to criminal breaches of privacy, especially dangerous when it involves sensitive information from government employees and national institutions. He also draws parallels with India's action against WhatsApp post-mob lynching incidents, calling for a similar “zero-invasion policy” against companies like Amazon, Google, and Meta.
3. Need for a Unified National Digital Regulator
The proposal urges the creation of a Single National Digital Consumer Regulator to:
Mandate automatic refunds of unused wallet balances to user bank accounts
Enforce a blanket ban on subliminal advertising and product suggestions
Introduce a Consumer Data Protection Code rooted in Indian constitutional values
4. Indigenization of Corporate Practices
Hegde stresses that India must stop blindly adopting Western consumer models. He says corporate strategies must be aligned with India’s cultural, economic, and social priorities. As part of this indigenization drive, he has called for the rejection of harmful external practices such as:
Genetically Modified Organisms (GMOs)
Low-quality animal feed in dairy industry, imported from Western systems
Revisiting the Idea of Nationalization
The document points out that if companies like LIC, Indian Oil, and BSNL could be nationalized for public good, there is no reason why India cannot consider doing the same with foreign digital giants. Hegde says nationalization will:
Protect consumer rights
Increase transparency in governance
Help combat black money and hawala networks
Enable centralized auditing, quality control, and regulation
He proposes that all national procurement and government-linked services should function under a single brand with one audit system to enhance efficiency and reduce costs.
Call for National Dialogue
Inspired by the article “The Big Idea” published on the website inthesetimes.com, the proposal concludes with a patriotic appeal to the central government to consider the document as part of a larger national conversation on Digital Sovereignty, Economic Justice, and Consumer Protection.
Hegde has requested that relevant ministries be directed to evaluate the concerns raised and initiate multi-stakeholder consultations.
“India is a unique democracy. Everything applicable to the home countries of multinational companies cannot be implemented here at their will. We need our own ethical capitalism rooted in Indian values,” he states in the concluding note.
What the Proposal Demands:
Refund of unutilized Amazon Pay balances to bank accounts
Zero digital surveillance and advertisement policies
A new Consumer Data Protection Code
Creation of a central regulator for digital consumer services
Long-term vision to nationalize or strictly regulate MNCs
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Assam: 23,000 people affected by urban floods as IMD forecasts more rain
Guwahati (PTI): More than 23,000 people have been affected by urban floods in Assam as rains lashed several parts of the state, while the IMD warned of more showers, official sources said on Friday.
The Assam State Disaster Management Authority (ASDMA), in its bulletin, said urban floods have been reported from the three districts of Kamrup (Metropolitan), Sribhumi and Cachar.
Four revenue circles and 12 villages have been inundated in these districts, affecting 23,619 people.
The worst-hit has been Cachar district, where 15,617 people have been affected, followed by Sribhumi with 8,002 flood-hit people, according to the bulletin.
There were no reports of deaths or people missing in the urban floods in the last 24 hours, the ASDMA said.
Fifty-three marooned people and three animals were rescued by a State Disaster Relief Force boat in Sribhumi district.
Meanwhile, the Regional Meteorological Centre (RMC), Guwahati, has issued an 'orange alert' for the four districts of Sribhumi, Hailakandi, Cachar and Dima Hasao for the next 24 hours.
An 'orange alert' implies 'be prepared to take action' and is sounded when thunderstorm and lightning accompanied with gusty wind reaching wind speed 30 to 40 kmph, with heavy to very heavy rainfall is likely to occur at isolated places.
'Yellow alert' to be on 'watch/be updated' has been issued for 20 districts -- Dhubri, South Salmara-Mankachar, Goalpara, Kokrajhar, Barpeta, Bongaigaon, Bajali, Tamulpur, Nalbari, both Kamrup districts, Udalguri, West Karbi Anglong, Sonitpur, Biswanath, Lakhimpur, Dhemaji, Charaideo, Dibrugarh and Tinsukia.
Some of the districts on 'yellow alert' are likely to continue receiving heavy rainfall along with thunderstorms for the next couple of days, as per the RMC forecast.
