Commerce Ministry to initiate action against e-commerce firms for violations, says CAIT

Confederation of All India Traders (CAIT), a body representing traders in the country received a major boost in its fight against e-commerce firms as the Commerce Ministry has forwarded complaints made by the body to Enforcement Directorate (ED) and Reserve Bank of India.
 
Commerce Ministry to initiate action against e-commerce firms for violations, says CAIT - Flipkart- Facebook

The two government bodies will now look into the complaint made by the traders body on the alleged violations made by the e-commerce firms with regards to the foreign direct investment (FDI) policy.
 
"Enforcement Directorate and Reserve Bank of India are requested to take necessary action," the ministry said in an office memorandum, as per a statement shared by CAIT.
 
Earlier this week, CAIT had petitioned the Enforcement Directorate separately accusing e-commerce major Flipkart of violating government's foreign direct investment (FDI) policy.
 
"Walmart-Flipkart deal has to face a new attack as in a major development and bowing to pressure from traders lobby, the Ministry of Commerce has at last acted upon the complaint made against e-commerce companies for indulging into malpractices and predatory pricing," CAIT said in a release.
 
"This time we shall be pursuing the matter with both ED and RBI so that e-commerce companies, including Flipkart and its newly owner Walmart, should not escape from the liability of malpractices, predatory pricing and deep discounting," said CAIT National President B C Bhartia.

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