The forum by Confederation of All India Traders (CAIT) aims to raise awareness about digital regulations and help build capacities of citizens to engage with innovation via expert sessions and instructional materials.
Public anger has risen in various parts of Gilgit-Baltistan against a new taxation law passed by the legislative assembly that will affect the common people alr
Delhi government had proposed lifting the weekend curfew and ending the odd-even scheme for opening shops. But, the lieutenant governor directed that the status quo be maintained until the situation improves. His office, however, approved the government s proposal to allow private firms to function
The three partners in the Maha Vikas Aghadi (MVA) government in Maharashtra have appealed to the people to wholeheartedly support Monday s state-wide bandh to protest the killing of four farmers in Uttar Pradesh s Lakhimpur Kheri.
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The body has alleged that the way foreign companies like Amazon and Flipkart defied all the laws of the country, adopting predatory pricing, deep discounting, loss funding, controlling inventory, and adoption of preferential sellers have killed the small businesses in India.
CAIT said that in the last one year, there has been a growth of 36 per cent in e-commerce business in India, especially in personal care, beauty and wellness business, 70 per cent in grocery, FMCG products and more than 27 per cent in electronics.
NEW DELHI: For more than five years, Amazon, Walmart-owned Flipkart and many other foreign-funded e-commerce companies have indulged into all kinds of unethical business practices with an objective of taking control of not only the e-commerce but even the retail business of India, the Confederation of All India Traders (CAIT) said.
The domestic traders body CAIT in its letter welcomed the Delhi government’s decision to unlock the city but opposed the idea of odd-even formula, stating that it has never suited for the business character of Delhi.
The traders' associations in Delhi welcomed the decision to reopen markets on Monday but objected to the 'odd-even formula,' claiming that it does not suit the city's business character.
Read more about Flipkart restructured biz model to control over inventory, alleges CAIT on Business Standard. Traders body CAIT on Thursday urged the government to investigate the "blatant" violation of FDI and taxation rules by e-commerce major Flipkart, alleging that the Walmart-owned firm had "creatively" restructured its business model to exercise
‘Check FDI policy violations in e-comm’
March 17, 2021
CAIT has alleged that e-comm firms are breaking norms - istock/William Potter×
“Enforcing the existing FDI policy that disallowed FDI in inventory-based model is of primary importance to protect the small merchants and kirana shops,” said traders body CAIT
Representatives from retailers, traders, and small industry associations, gave their inputs on an appropriate Foreign Direct Investment (FDI) policy for e-commerce that would protect domestic interests in a virtual meeting with senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday.
“Enforcing the existing FDI policy that disallowed FDI in inventory-based model is of primary importance to protect the small merchants and kirana shops,” said traders body CAIT.
Traders body Confederation of All India Traders (CAIT) has criticised Washington-based industry lobby group US India Business Council (USIBC) for reportedly proposing that India should not tighten for