CAIT seeks audience with PM Modi to raise e-commerce issues

By: |
October 21, 2021 10:22 PM

The traders' body stated that it has "sought an audience with Prime Minister Modi to discuss the e-commerce and retail trade of India in detail".

CAIT PM modiPrime Minister Narendra Modi.

Traders’ body CAIT on Thursday said it has sought an audience with Prime Minister Narendra Modi to discuss the country’s e-commerce and retail trade scenario. Through a letter to the prime minister on Thursday, the Confederation of All India Traders (CAIT) sought his intervention in the current scenario of the country’s e-commerce business, claiming that it has been “greatly vitiated by prominent global e-commerce companies by violating the laws and rules of the country since the year 2016”.

In the letter, CAIT National President B C Bhartia and Secretary-General Praveen Khandelwal said “it seems that the rules of the country have succumbed to these companies which is the root cause for their arbitrariness in e-commerce business without any fear of law or the rules and it is a pity that there is no mechanism to rein in them”.
It is further regretted that even after making complaints with credible evidence, no steps were taken to prevent it, the traders’ body said in the letter.

“Only the ceremonial proceedings have been initiated by the Competition Commission of India on the complaints filed by the traders and the slow pace at which the investigation is going on, the traders of the country are not satisfied with it and there is absolutely no hope of any fruitful result”.

The traders’ body stated that it has “sought an audience with Prime Minister Modi to discuss the e-commerce and retail trade of India in detail”.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Smart Factory: Smart solution for smart businesses
2HR & ANALYTICS: Revitalising HR function with analytics
3Quantum SonoTrix 81 speaker: Modern-day jukebox on a tight budget