CAIT seeks CCI probe into Amazon, Flipkart

CAIT declared that traders across the country will observe forthcoming week beginning 14th June to 21st June as "E-Commerce purification week".

New Delhi: The Confederation of All India Traders (CAIT) on Saturday sent a communication to Union Commerce Minister Piyush Goyal urging him to direct the Competition Commission of India (CCI) to initiate investigation proceedings against Amazon and Flipkart.

The CAIT has also urged Goyal to immediately issue a fresh Press Note replacing Press Note 2 of the FDI policy with a Monitoring mechanism to ensure that law of the land prevails. It also proposed that to bring greater transparency in e-commerce business, every company indulging into any e-commerce activity through any type of electronic mode should have to take a Registration Number from the DPIIT.

---

CAIT declared that traders across the country will observe forthcoming week beginning 14th June to 21st June as “E-Commerce purification week” under which thousands of trade associations will handover a memorandum to their respective district collectors urging the Union Government to take steps to stop continued violations of the policy and the rules by Amazon, Flipkart and other similar foreign funded e-commerce companies.

CAIT said in spite of these daylight blatant violations, so far the officials and the Departments concerned have not taken any significant step to curb the mal-practices of these e-commerce companies. It requested immediate steps to maintain an even level playing field. CAIT said capital dumping by these marketplaces has been making the human capital sit idle, displacing them from their businesses and encroaching upon their livelihood.

The retail trade in India is being run by more than 8 crore traders and is providing employment to nearly 40 crore people. It is generating an annual turnover of about Rs115 lakh crores, CAIT added.

---

Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .

---