Cait

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Cait - Total results - 155
Stop banks from offering cashbacks on online purchases, CAIT demands in letter to Nirmala Sitharaman
Business

Stop banks from offering cashbacks on online purchases, CAIT demands in letter to Nirmala Sitharaman

The traders’ body called for immediate action to stop the practice and a thorough probe into why banks were extending discounts only on purchase from designated e-commerce portals

IPL 2020: Traders' body CAIT criticises BCCI for retaining Chinese company Vivo as sponsor
First Cricket News

IPL 2020: Traders' body CAIT criticises BCCI for retaining Chinese company Vivo as sponsor

CAIT a traders body has criticised BCCI’s decision to retain Chinese company Vivo as the title sponsor for upcoming season of Indian Premier League.

COVID-19 Impact: Retail trade lost business worth Rs 9 lakh cr in 60 days; businessmen facing acute financial crunch, says CAIT
Business

COVID-19 Impact: Retail trade lost business worth Rs 9 lakh cr in 60 days; businessmen facing acute financial crunch, says CAIT

CAIT said domestic trade is facing its worst period as shops and commercial markets across the country since last Monday could register only 5% of business, and only 8% of workforce could resume their duties in shops.

Coronavirus Lockdown: CAIT urges govt to reconsider economic package, says traders let down by exclusion
Business

Coronavirus Lockdown: CAIT urges govt to reconsider economic package, says traders let down by exclusion

Industry body CAIT has urged the government to reconsider the economic package and announce measures to support traders, saying the community feels let down for exclusion from the Rs 20 lakh crore stimulus to aid the economy reeling from the COVID-19 crisis

Coronavirus Outbreak: CAIT flags traders' inability to pay full salary for April, seeks Piyush Goyal's intervention
Business

Coronavirus Outbreak: CAIT flags traders' inability to pay full salary for April, seeks Piyush Goyal's intervention

As the country battles COVID-19, traders'' body CAIT on Thursday said traders are facing tremendous financial crunch and payment of full salary for April to their staff was next to impossible

Retail sector loses a whopping Rs 5.50 lakh cr since lockdown; around 20% traders may pull down shutters, says CAIT
Business

Retail sector loses a whopping Rs 5.50 lakh cr since lockdown; around 20% traders may pull down shutters, says CAIT

CAIT said the retail trade may see many more traders pulling down shutters as the sector has become unviable.

CAIT backs Indian e-tailers conforming to local laws, helping digitise grocery stores; all set to launch national e-commerce portal
Business

CAIT backs Indian e-tailers conforming to local laws, helping digitise grocery stores; all set to launch national e-commerce portal

CAIT said India is one of the largest consumer markets of the world and up-gradation and modernisation of existing retail trade of India has always been the mission of CAIT.

CAIT to launch e-marketplace to enable contactless delivery by local grocery stores
Business

CAIT to launch e-marketplace to enable contactless delivery by local grocery stores

Traders' body CAIT on Friday said it will soon launch a national e-commerce marketplace to help local grocery stores take orders online and ensure last-mile contactless delivery

Retail trade has lost Rs 3.15 lakh-cr during lockdown but support PM on extension, says traders body CAIT
Business

Retail trade has lost Rs 3.15 lakh-cr during lockdown but support PM on extension, says traders body CAIT

There are about seven crore traders in the country, of which about 1.5 crore traders deal in essential commodities

Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues
Business

Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues

Union Minister Piyush Goyal on Thursday told trade and industry representatives that all their issues and feedback are being forwarded to the finance ministry, which he says will take a "balanced and nuanced approach" to their problems in view of coronavirus situation

India's retail trade incurs losses worth $30 bn last fortnight due to coronavirus pandemic: CAIT
Business

India's retail trade incurs losses worth $30 bn last fortnight due to coronavirus pandemic: CAIT

Traders' body CAIT on Tuesday said India's retail trade has incurred losses to the tune of whopping $30 billion (about Rs 2.2 lakh crore) in the last fortnight alone due to the coronavirus pandemic

CAIT urges govt to restrict e-commerce companies to sell only essential goods; seeks fiscal stimulus to tide over crisis
Business

CAIT urges govt to restrict e-commerce companies to sell only essential goods; seeks fiscal stimulus to tide over crisis

The CAIT urged Goyal and Paswan that the e-taliers should be allowed to sell only essential commodities and they should be directed to close their portals for rest of the products.

CAIT writes to finance minister Nirmala Sitharaman seeking insurance cover for coronavirus-hit businesses
Business

CAIT writes to finance minister Nirmala Sitharaman seeking insurance cover for coronavirus-hit businesses

Traders' body CAIT has appealed to Finance Minister Nirmala Sitharaman to direct regulator IRDAI to mandate insurance firms to introduce coverage for disruptions to businesses on account of the coronavirus outbreak

NCLAT sets aside CAIT plea against CCI nod to Walmart's $16-billion acquisition of Flipkart
Business

NCLAT sets aside CAIT plea against CCI nod to Walmart's $16-billion acquisition of Flipkart

The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition filed by traders' body CAIT against CCI nod to Walmart's $16-billion acquisition of Flipkart

Karnataka High Court grants interim stay on investigation ordered by CCI against Amazon, Flipkart
Business

Karnataka High Court grants interim stay on investigation ordered by CCI against Amazon, Flipkart

The Karnataka High Court on Friday granted an interim stay on the investigation ordered by the Competition Commission of India (CCI) against e-commerce giants Amazon and Flipkart for alleged violations of provisions of competition laws

Traders' body CAIT alleges $1 bn not investment but promotional finance to Amazon India to crush retail trade
Business

Traders' body CAIT alleges $1 bn not investment but promotional finance to Amazon India to crush retail trade

Traders' body CAIT on Wednesday alleged that the $1 billion investment announced by Amazon chief Jeff Bezos is "promotional finance" to Amazon India to crush retail trade and encourage predatory pricing and deep discounting

India hopes to continue FDI growth story in 2020; Centre, states working to provide stable policies for entry of foreign firms
Business

India hopes to continue FDI growth story in 2020; Centre, states working to provide stable policies for entry of foreign firms

Although the FDI is allowed through automatic route in most of the sectors, certain areas such as defence, telecom, media, pharmaceuticals and insurance, government approval is required for foreign investors.

CAIT seeks action against Flipkart, Amazon for FDI norms violation, calls them 'economic terrorists'
Business

CAIT seeks action against Flipkart, Amazon for FDI norms violation, calls them 'economic terrorists'

The CAIT claimed that small retailers have suffered at the hands of Amazon, Flipkart and other e-commerce portals for the last one year, leading to decline in their business.

Nirmala Sitharaman holds meeting for simplification of GST returns filing; similar meetings to be held across country from 7 December
Business

Nirmala Sitharaman holds meeting for simplification of GST returns filing; similar meetings to be held across country from 7 December

New GST return is available on the portal for trial and consultations will be held all across the country on 7 December