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Tag: FDI

CAIT urges govt to take action against e-commerce firms flouting FDI policy, Retail News, ET Retail

Terming e-commerce firms “global economic terrorist” and “economic intruders, tax offenders and policy & law violators”, the Confederation of All India Traders (CAIT) in a letter sent to Commerce Minister Piyush Goyal demanded early enforcement of e-commerce policy and national retail policy. It also called for constituting an e-commerce ombudsman.PTI  |  December 16, 2019, 08:24 …

CAIT urges govt to take action against e-commerce firms flouting FDI policy, Retail News, ET RetailRead More

CAIT seeks action against Flipkart, Amazon for FDI norms violation, Retail News, ET Retail

New Delhi: Traders’ body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them “economic terrorists”, and demanded that the government take action against them for alleged violation of FDI policy norms. However, a Flipkart spokesperson vehemently denied the allegations and said the company operates through a marketplace model in India and …

CAIT seeks action against Flipkart, Amazon for FDI norms violation, Retail News, ET RetailRead More

Govt asks Snapdeal, Paytm Mall to give business details, Retail News, ET Retail

NEW DELHI: The government has written to Snapdeal and Paytm Mall seeking information on their selling practices as part of a wider probe into deep discounting practices of ecommerce players, people aware of the development said. The Department for Promotion of Industry and Internal Trade (DPIIT) has sought information about top sellers on these ecommerce …

Govt asks Snapdeal, Paytm Mall to give business details, Retail News, ET RetailRead More

Piyush Goyal, Retail News, ET Retail

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) has received complaints that e-commerce companies are offering deep discounts, indulging in predatory pricing, exercising control over inventory and influencing the prices of goods sold on the platform, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Commerce and …

Piyush Goyal, Retail News, ET RetailRead More

Kishore Biyani, Retail News, ET Retail

MUMBAI: Future Group founder Kishore Biyani said his deal to sell minority stake to Amazon has moved a step forward even as the Competition Commission of India (CCI) sought more information from the US ecommerce firm. “It is a process to comply with information sought by the commission and to satisfy them in all aspects …

Kishore Biyani, Retail News, ET RetailRead More

CAIT now asks PM to probe violation of FDI policy by e-comm cos, Retail News, ET Retail

New Delhi: Confederation of All India Traders (CAIT) has written a letter Prime Minister Narendra Modi, drawing his attention to the business model of Flipkart and Amazon, alleging the e-tailers are blatantly violating the FDI policy, creating an uneven level playing field for the retailers in India. “Both Amazon and Flipkart are open and blatantly …

CAIT now asks PM to probe violation of FDI policy by e-comm cos, Retail News, ET RetailRead More

CAIT alleges violation of FDI policy by Flipkart, Amazon; companies reject, Retail News, ET Retail

NEW DELHI: Traders’ body CAIT on Friday alleged that e-commerce firms Amazon and Flipkart have violated foreign direct investment norms by indulging in predatory pricing, a charge which was rejected by the two companies. The Confederation of All India Traders (CAIT) flagged these allegations in a meeting called by the Department for Promotion of Industry …

CAIT alleges violation of FDI policy by Flipkart, Amazon; companies reject, Retail News, ET RetailRead More