CAIT to begin its protest against Amazon, Flipkart on November 13
today Nov 10, 2019
Traders’ body Confederation of All India Traders (CAIT) will be launching its nationwide agitation against Amazon, Flipkart, and other e-commerce firms from November 13.
The three-month long agitation will be held in more than 500 cities across India with over 5 lakh traders are expected to take part in such protest.
CAIT has alleged that e-commerce companies are circumventing the law and abusing Press Note No. 2 of the government's foreign direct investment (FDI) policy.
“By offering predatory pricing and deep discounting they are indulging into under-valued pricing which is far lower than the fair market value of different products, causing huge GST and Income Tax revenue loss for the government,” general secretary of CAIT Praveen Khandelwal said in a statement.
“The body will also organise Save Trade- Save Traders Rally in Delhi on December 11 followed by a three-day National Traders Convention from January 6 till January 8. CAIT’s National Governing Council will meet on January 9 to take a “stock of the situation” and will “decide modalities of the second phase of its agitation,” Khandelwal added.
CAIT has been vocal about business practices of foreign e-commerce firms in India and feels that the above businesses are hurting the country’s domestic traders.
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