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Tag: Foreign Direct Investment

DPIIT Secretary, Retail News, ET Retail

NEW DELHI: The DPIIT is working actively on the e-commerce as well as new industrial policies, and both are expected to be released by the end of this fiscal, a top official has said. “I personally feel that both these policies will be ready by this financial year end,” Department for Promotion of Industry and …

DPIIT Secretary, Retail News, ET RetailRead More

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

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

Traders’ body holds nation-wide protests; demands ban on Amazon, Flipkart, Retail News, ET Retail

New Delhi: Trade associations observed “National Protest Day” on Wednesday and held protest dharnas against “unethical trade practices” of leading e-commerce firms like Amazon and Flipkart in over 700 cities across the country, CAIT said. The traders’ body, which has been alleging that these e-commerce firms were adopting unethical trade practices and are openly violating …

Traders’ body holds nation-wide protests; demands ban on Amazon, Flipkart, Retail News, ET RetailRead More

Jeff Bezos to visit India in January, may meet PM Modi, Retail News, ET Retail

NEW DELHI: Jeff Bezos, the founder of Amazon, will visit India in January when he is likely to meet Prime Minister Narendra Modi. During his visit he will kick off the US retailer’s annual event around small and medium enterprises, which are perceived to be hurt by deep-pocketed ecommerce companies. The world’s largest online retailer …

Jeff Bezos to visit India in January, may meet PM Modi, Retail News, ET RetailRead More

All-India traders body seeks ban on e-comm portals, Retail News, ET Retail

Surat: Accusing e-commerce portals of flouting Foreign Direct Investment (FDI) norms and causing GST and Income Tax revenue losses to the government exchequer, the Confederation of All India Traders’ (CAIT) Gujarat unit on Wednesday demanded a blanket ban on e-trade. As part of its nation-wide protest on Wednesday, office-bearers in the state led by president …

All-India traders body seeks ban on e-comm portals, Retail News, ET RetailRead More

CAIT urges PM not to yield ground to Walmart, Retail News, ET Retail

New Delhi: Traders’ body CAIT on Tuesday urged Prime Minister Narendra Modi not to concede any ground to Walmart and other overseas e-commerce players, saying such firms have no regard for the sanctity of Indian laws and policies. Confederation of All India Traders (CAIT) wrote to the Prime Minister after Walmart CEO Doug McMillon raised …

CAIT urges PM not to yield ground to Walmart, Retail News, ET RetailRead More

Walmart CEO writes to PM, seeks stable business environment, Retail News, ET Retail

NEW DELHI | BENGALURU: Walmart chief executive Doug McMillon has written to Prime Minister Narendra Modi, seeking certainty and predictability in India’s business environment, people familiar with the matter said. Changes in foreign direct investment rules for ecommerce marketplaces late last year had upset Walmart-owned Flipkart and rival Amazon, and forced them to overhaul their …

Walmart CEO writes to PM, seeks stable business environment, Retail News, ET RetailRead More

DPIIT asks Amazon, Flipkart to disclose names of top 5 sellers, capital structure, inventory details, Retail News, ET Retail

New Delhi: The government has asked Amazon and Flipkart to provide details of their top five sellers, after brick-and-mortar trade lobby groups complained that they were in violation of foreign direct investment (FDI) norms. Amazon said it was fully compliant with the rules. Details sought from the ecommerce marketplaces include business done by top five …

DPIIT asks Amazon, Flipkart to disclose names of top 5 sellers, capital structure, inventory details, Retail News, ET RetailRead More

DPIIT holds meeting with Amazon, Flipkart following CAIT complaint, Retail News, ET Retail

New Delhi, Senior officials of the Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday held meeting with representatives of e-commerce firms Amazon and Flipkart following a complaint by traders’ body CAIT. Confederation of All India Traders (CAIT) Secretary-General Praveen Khandelwal has alleged that e-commerce companies are following unethical business model and are …

DPIIT holds meeting with Amazon, Flipkart following CAIT complaint, Retail News, ET RetailRead More