CAIT Wants Regulatory Body for Online Retailers
The traders’ body has alleged that e-commerce websites are not following Indian laws to grow their businesses.
- Alleging that e-commerce firms are openly flouting norms laid down under Foreign Direct Investment (FDI), traders’ body Confederation of All India Traders (CAIT) demanded formation of a regulatory authority for India’s online retail market.
- In a letter to Commerce Minister Nirmala Sitharaman, the confederation said, “e-commerce companies are openly flouting norms laid down under FDI in e-commerce policy of the government and in absence of any specified rules & regulations are grossly involved in deep discounts, predatory pricing, anti-competitive practices, tax avoidance etc.
The traders’ body further alleged that e-commerce websites are not following Indian laws and are adopting unfair means to grow their businesses, much to the disadvantage of brick & mortar shops.
(With PTI inputs)
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