Abstract: A system and method for online obtainment and publishing of information of products is provided. The system includes a server further including a database to store records containing information of products. A registration means registers third party users and sellers. Input acceptance means accepts inputs containing information of products from third party users and/or sellers and provides the inputs to the database for storage. Index price determining means is used to extract and sort the records stored in the database based on their product prices and determines index prices for the products whose information is stored in the database, based on the sorted records. The records are verified using verification means and further to verification, the records are transmitted to a plurality of nodes where the records are displayed in predefined manner and third party users' feedback are received using input means.