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Improve Supervision Before Allowing New Exchanges 2 In January this year, we were finalising the final proofs of our new book Absolute Power which documents the path-breaking rise of the National Stock Exchange (NSE) and the transformation it brought to the Indian capital markets. Parallel to NSE’s meteoric rise, India’s 23 stock exchanges and two national exchanges, the OTC Exchange of India and the Inter-Connected Stock Exchanges of India, disappeared leaving three survivors, with NSE enjoying a near-monopoly and the regulator too timid to supervise it effectively.    Arrogance, hu...

CAIT asks PM Modi to ensure no dilution in draft e-commerce rules ​ By IANS | ​ 0 Views Strong development of e-commerce in rural areas of China.. Image Source: IANS News New Delhi, June 27 : In the wake of expected pressure tactics of foreign funded e-commerce companies against the draft of "E-commerce rules under Consumer Protection Act", the Confederation of All India Traders (CAIT) on Sunday sent a communication to Prime Minister Narendra Modi urging him to ensure that no dilution is made in draft of e-commerce rules under any pressure. The CAIT assured the Prime Minister that the b...

Synopsis 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 Flipka...

Trade delegations will meet chief ministers of various States to urge them to set up a monitoring mechanism for e-commerce

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 ...