Centre asks ED, RBI to act against Amazon, Flipkart for violation of FDI and FEMA rules The Centre has taken cognisance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies FP Staff December 31, 2020 15:53:12 IST Representational image. Reuters
The Department for Promotion of Investments and Internal Trade (DPIIT), which falls under the Ministry of Commerce and Industry, has written to the Enforcement Directorate (ED) and the Reserve Bank of India (RBI) asking them to take necessary action against Amazon and Walmart-owned-Flipkart.
The Centre has taken cognisance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these c
Amazon and Flipkart accused of violating FDI policy Indian government asks RBI and ED to take action
Amazon and Flipkart accused of violating FDI policy Indian government asks RBI and ED to take action
IANSDec 31, 2020, 14:01 IST
TOI
New Delhi, In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve
Bank of India to take necessary action against
Amazon and Walmart-owned-Flipkart.
The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for
blatant violation of
FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies.
Govt directs ED, RBI to act against Amazon, Flipkart for violation of FDI, FEMA
The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies. December 31, 2020 / 03:13 PM IST
e giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart.
The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies.
Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations
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In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart.
The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) alleging blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies.
CAIT National President B.C. Bhartia and Secretary General Praveen Khandelwal informed that on several complaints made by the CAIT to Union Commerce Minister Piyush Goyal in the recent past against Amazon & Walmart-owned-Flipkart, the Department of Promotion of Industries and Internal Trade (DPIIT) of the Ministry of Commerce in its letter issued on December has asked both Enforcement Directorate and Reserve Bank of In
Amazon, Flipkart under government scanner for violation of FDI, FEMA
The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies
Government issues notices to Flipkart, Amazon for not showing mandatory info about products
In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart.
The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies.