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Tag: violation

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 …

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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