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
Giving E Retail its Due-Vivan Sharan - BW Businessworld businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.
Finalise FDI policy on e-commerce! Traders body say they have had enough
In a communication sent to Goyal on May 17, B.C. Bhartia and Praveen Khandelwal, national president and secretary general of CAIT respectively, said even after two years of discussions over such a revision, authorities are sleeping on the issue
Joe C Mathew | May 17, 2021 | Updated 13:22 IST
Union Commerce Minister Piyush Goyal
The Confederation of All India Traders (CAIT) has asked Commerce Minister Piyush Goyal to announce India s revised Foreign Direct Investment (FDI) policy for more control over the fund flow into foreign funded e-commerce entities like Amazon and Flipkart.