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 exhorts Suresh Prabhu not to revise FDI policy to the advantage of big e-commerce firms
A delegation of CAIT called on Commerce Minister Suresh Prabhu on Thursday apprising him of the situation.
CAIT demanded early announcement of an e-commerce policy and formation of a Regulatory Authority to monitor the e-commerce business in India.
Further extend deadline for filing September GST returns till 31 December, says CAIT to Arun Jaitley
CAIT seeks a further extension as it claims there are issues arising due to technical glitches on the GST portal.
Traders' body CAIT writes to commerce minister Suresh Prabhu over plans to change draft e-commerce policy
The Confederation of All India Traders (CAIT) said that the country's e-commerce market has considerably grown in size and scale which needs a codified policy and a regulatory authority to regulate and monitor the market.
In its detailed order clearing the deal, the CCI has said the deal is "not likely" to have an appreciable adverse effect on competition in India.
Flipkart-Walmart deal: Traders body demands scrutiny of $12 bn pact, warns it would promote predatory pricing
demanded the government to form a regulatory authority for e-commerce and till the authority is formed, no such deal should be allowed.
After 100 percent FDI in single brand retail was allowed in 2014, many global players like Ikea and Nike have entered the Indian market.
GST glitches, cash shortage hit shopping, traders see sharp 40% fall in pre-Diwali sales across country
With just 3 days for Diwali, "markets across the country are gloomy, having a deserted look with very less festivity and less foot fall of the consumers", CAIT said.