Traders' body CAIT on Tuesday said it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season from November 23 to December 15, which is likely to see almost 38 lakh marriages.
CAIT said that instead of complying the stipulations of said Press Note both in letter and spirit to respect the law of the land, these foreign entities are deliberately each and every rule of the Press Note No.2 treating India as a banana republic.
In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Som Parkash said the government has also received representations from the Confederation of All India Traders (CAIT) against e-commerce companies.
It urged the Prime Minister that an e-commerce policy should be announced immediately with an explicit provision of an empowered regulatory authority to monitor the sector's business in India.
The development comes after CAIT wrote a letter to Union Finance Minister Nirmala Sithraman on March 9, 2020 seeking clarification whether or not currency notes are carriers of bacteria and viruses