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Traders’ body CAIT calls for dedicated regulatory body for ecommerce

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Traders’ body CAIT calls for dedicated regulatory body for ecommerce

- A letter sent by the Confederation of Indian Traders (CAIT) urges the establishment of a regulatory body to monitor ecommerce platforms. - CAIT calls for the protection of smaller sellers' rights and measures to prevent illegal practices such as favoring preferred sellers on ecommerce platforms. - The letter also highlights exclusive dealings between Amazon, Flipkart, and mobile manufacturers, claiming that mobile phones are sold only through exclusive channels. - The Confederation urges the Competition Commission of India to increase scrutiny of Amazon and Flipkart's practices, stating that they sell products below cost to dominate the market. - CAIT alleges that the marketplaces have incurred significant losses, which are funded through foreign direct investment (FDI) brought in under the pretense of developing marketplace infrastructure.

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