Confederation Of-all-india-traders

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Confederation Of-all-india-traders - Total results - 78
CAIT seeks action against Amazon, Flipkart, Zomato, others for 'daylight robbery'
Business

CAIT seeks action against Amazon, Flipkart, Zomato, others for 'daylight robbery'

CAIT says that platforms like Amazon, Flipkart, Zomato, Swiggy, are flouting rules, and it demanded immediate action against them.

Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy
India

Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy

Decriminalising Section 138 is only going to make creditors more insecure, which could cause unfathomable harm to the Indian economy.

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

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

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 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

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

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart
Business

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart

Traders' body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country's retail business

Traders body CAIT seeks Narendra Modi's intervention in e-retailers alleged unethical business model
Business

Traders body CAIT seeks Narendra Modi's intervention in e-retailers alleged unethical business model

The Confederation of All India Traders (CAIT) on Wednesday said it has sought Prime Minister Narendra Modi's intervention in the issue of alleged unethical practice of online retailers, including Amazon and Flipkart

Govt to look into Flipkart, Amazon festive discounts after retailer complaints; e-commerce firms say they have complied with rules
Business

Govt to look into Flipkart, Amazon festive discounts after retailer complaints; e-commerce firms say they have complied with rules

The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters

No slowdown in auto sector, industry making hue and cry to get package from govt, claims CAIT
Business

No slowdown in auto sector, industry making hue and cry to get package from govt, claims CAIT

Traders body CAIT on Tuesday said there is no slowdown in the domestic automobile sector and the industry is making hue and cry only to get a package from the government

India will not allow multi-brand retail by foreign firms, predatory pricing: Commerce minister Piyush Goyal
Business

India will not allow multi-brand retail by foreign firms, predatory pricing: Commerce minister Piyush Goyal

The government will not allow foreign companies to operate in the multi-brand segment and necessary action will be taken against people indulging in predatory pricing, Commerce and Industry Minister Piyush Goyal said on Wednesday

CAIT slams Rahul Gandhi's statement on abolishing GST, says Congress chief does not have blueprint of alternative tax structure
Business

CAIT slams Rahul Gandhi's statement on abolishing GST, says Congress chief does not have blueprint of alternative tax structure

The attempt of Gandhi for seeking political mileage making traders a scapegoat is deeply regretted and vehemently opposed by CAIT, it said

CAIT urges govt to probe Chinese goods imported via hawala route, says it is resulting in revenue loss to exchequer
Business

CAIT urges govt to probe Chinese goods imported via hawala route, says it is resulting in revenue loss to exchequer

CAIT, in a statement, also claimed that "such hawala money might be transferred to Pakistan for conducting terrorist activities".

Trade body calls for nationwide bandh on Monday to express solidarity with kin of jawans killed in Pulwama
India

Trade body calls for nationwide bandh on Monday to express solidarity with kin of jawans killed in Pulwama

CAIT national president BC Bhartia and secretary general Praveen Khandelwal said that during the bandh, traders will keep a day-long fast and will take out tribute march and candlelight march in their respective states

Amazon modifies its business structures to comply with new e-commerce regulations
News & Analysis

Amazon modifies its business structures to comply with new e-commerce regulations

Amazon had to remove items as it indirectly held 49% equity stakes in both Cloudtail and Appario.

Deferment of 1 February deadline for e-commerce FDI may lead to political repercussions: CAIT
Business

Deferment of 1 February deadline for e-commerce FDI may lead to political repercussions: CAIT

Traders' body CAIT has written to the government opposing any move to extend the 1 February, deadline for online marketplaces to comply with FDI rules, as such an action will compel small businesses to launch a national campaign which may have "political repercussions"