CAIT appeals centre to stick to playbook by not relaxing rules & regulations in upcoming e-commerce draft

03 January 2021, Mumbai:

Body Confederation of All India Traders (CAIT) has strongly appealed & demanded Union Commerce Minister, Piyush Goyal to release out e-commerce policy and rules at the earliest, this on Sunday said that the move thretens traders to shut their businessesgiven the level playing field.

In a letter to Piyush Goyal, CAIT observed, “The traders in the country shall be compelled to close their businesses in a phase-wise fashion owing to the unfair and unethical business practices of the e-commerce companies prevalent all through."

Given the regulations around the e-commerce sector in India and unfair business practices including predatory pricing, aggressive discounting, cash burn, exclusivity, unfair advantage of they owning inventory and preferential seller system by e-commerce companies such as Amazon, Flipkarts of the world.

Just to emphasize the merit of CAIT arguement, it had sought a ban on Amazon’s portal and its operations in India for multiple reasons & in perpetuity in the past. 

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. 

Subscribe to our newsletter.