CAIT welcomed the Centre's decision to defer the proposed MDR on select UPI transactions, saying it will protect traders and MSMEs from additional costs, encourage digital payment adoption, and support business growth during the festive and wedding season.
The Confederation of All India Traders (CAIT), which is spearheading the initiative, announced that over 900 markets in the national capital will remain closed
New Delhi/Lucknow: Chinese e-commerce company Shopee, facing a controversy over FDI violations in the country, has been hit by an FIR filed by a customer in Lucknow for allegedly defrauding him. In the FIR, filed at the Mohanlalganj police station in Lucknow on January 15 and seen by IANS, the complainant Shashank Shekhar Singh said that […]
New Delhi: Increase in Covid cases along with imposition of various restrictions by different States have had an adverse impact on business and economic activities across the country, the Confederation of All India Traders (CAIT) said on Saturday. According to the CAIT, the situation has led “business of various verticals of goods” to go down […]
New Delhi: The Competition Commission of India (CCI) on Friday slapped Rs 202 crore penalty on Amazon for providing false information and suppressing material particulars in the deal to acquire a stake in Future Coupons Private Ltd (FPCL). The competition watchdog has also suspended the deal. In 2019, the US-headquartered e-commerce giant Amazon announced the […]
The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources.
The traders' body has been raising concerns for some time now over the arbitrariness of the tax regime. It has also called for a traders' strike on February 26.
"It is a case of daylight robbery of e-commerce entities in India and, therefore, demands immediate action against the erring e-commerce portals and online mechanism providers," CAIT stated.
In a communication sent to Minister for Information Technology Ravi Shankar Prasad, CAIT has demanded that the government should immediately restrict WhatsApp from implementing the new policy or put a ban on WhatsApp and its parent company Facebook.
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.
