Page 8 - தொழிற்சங்கம் வர்த்தகம் அமைச்சர் பியூஷ கோயல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

Praveen khandelwalBhartiya vyapaar samman varshPiyush goyalForeign exchange managementUnion commerceConfederation of all india tradersUnion governmentMinistry of commerceAditya birla groupDepartment of promotion industriesEnforcement directorateReserve bankAll india tradersForeign exchange management actSecretary general praveen khandelwalUnion commerce minister piyush goyal