Enforcement Directorate to examine findings in report on Amazon: Source indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
India's federal financial crime-fighting agency will examine findings in a Reuters report, which revealed that Amazon.com Inc has for years given preferential treatment to a small group of sellers on its India platform and used them to circumvent the country's foreign investment.
Amazon India chief Amit Agarwal has responded to the ongoing controversy over the news organisation Reuters’ story that alleged that the e-commerce giant dodged Indian regulators in circumventing local laws on foreign direct investment (FDI) in e-commerce. The story talked about how Amazon has for years given preferential treatment to a small group of sellers on its India platform, publicly misrepresented its ties with the sellers and used them to circumvent increasingly tough foreign investment rules that affect e-commerce. “The story is unsubstantiated, incomplete, factually incorrect. Amazon has always been and remains compliant with all Indian laws,” said Amit Agarwal, global senior vice-president and country leader for Amazon India, in a letter addressed to the employees. “We haven t seen the documents and Reuters hasn t shared provenance to confirm veracity- the details are likely supplied with malicious intent to create sensation and discredit us.”
Retailer Group Urges Centre to Ban Amazon After Reuters Report Finds Unfair Practices thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.
Commercial markets to remain close on Feb 26 on CAIT s Bharat Bandh call
The Confederation of All India Traders (CAIT) said dharnas (protests) will be held nationwide in 1,500 places demanding the Centre, state governments and the GST Council to keep in abeyance the draconian provisions of GST
PTI | February 18, 2021 | Updated 19:19 IST
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Traders body CAIT on Thursday said all commercial markets across the country will remain closed on February 26 in view of its Bharat Bandh call demanding a review of the provisions of the goods and services tax (GST) regime.
The Confederation of All India Traders (CAIT) said dharnas (protests) will be held nationwide in 1,500 places demanding the Centre, state governments and the GST Council to keep in abeyance the draconian provisions of GST.