"cait"

Akshaya Tritiya is expected to generate over Rs 20,000 crore in gold and silver trade despite rising prices, with consumer behaviour shifting towards lightweight jewellery and alternative investments, even as overall consumption volume shows a decline

CAIT said India’s supply chains remain strong and stable despite global tensions, with adequate stocks of essential commodities. Traders have been advised to maintain normal operations and avoid panic, while authorities continue to monitor supply and distribution closely

The Unified Payments Interface (UPI) recorded its highest-ever single-day value of Rs 1.02 lakh crore on October 18, buoyed by strong festive demand and GST rate cuts that boosted consumer spending. Retail sales also surged to an unprecedented Rs 6.05 lakh crore

From 11 auspicious dates the previous year, this year's season would have 18 dates which is expected to fuel the business growth, with Delhi alone expected to see Rs 1.5 lakh crore business across 4.5 lakh weddings this year, estimates compiled by CAIT show.

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

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.

Writes to FM saying these SMEs face liquidity challenges

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.

This was also higher than the pre-festive forecast of $7 billion, RedSeer said in its report titled 'The Festival of Firsts'

CAIT also told DPIIT that Amazon indirectly invested around Rs 4,200 crore and took over control of More Retail Limited

According to CAIT, the business was carried on during this year's Diwali with no Chinese goods on sale amid CAIT's call to boycott Chinese goods

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