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Traders’ body CAIT calls for dedicated regulatory body for ecommerce

YourStory

YourStory · 9m ago

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.

Related News

Traders' body advises traders to switch from Paytm to other payment apps in light of RBI action

Economic Times

Economic Times · 1y ago

Traders' body advises traders to switch from Paytm to other payment apps in light of RBI action

Traders' body, the Confederation of All India Traders (CAIT), has advised traders to switch from Paytm to other payment options due to RBI restrictions on Paytm wallet and bank operations. CAIT is concerned about the potential financial disruption faced by small traders, vendors, hawkers, and women who heavily rely on Paytm for their payments. The RBI imposed restrictions due to money laundering concerns and questionable dealings between Paytm and its banking arm. CAIT urges traders to take proactive measures and protect their funds.

CAIT accuses Blinkit, Zepto, Instamart of exploiting FDI to undermine kiranas

YourStory

YourStory · 7m ago

CAIT accuses Blinkit, Zepto, Instamart of exploiting FDI to undermine kiranas

The Confederation of All India Traders (CAIT) has accused quick commerce platforms like Blinkit, Swiggy Instamart, and Zepto of misusing Foreign Direct Investment (FDI). CAIT claims that these platforms are using FDI to subsidize unsustainable discounts and dominate supply chains, pushing small retailers out of the market. The white paper alleges violations of India's FDI policies and the Competition Act, stating that these platforms restrict market access for independent retailers through tactics such as predatory pricing and controlling inventory. CAIT calls for regulatory action to address this issue and protect small retailers.

CAIT Vs Amazon & Flipkart: Trade Body Calls For Establishing Dedicated Ecommerce Regulator

Inc42 · 9m ago

CAIT Vs Amazon & Flipkart: Trade Body Calls For Establishing Dedicated Ecommerce Regulator

- CAIT proposes a unified dispute resolution mechanism and regulatory framework for ecommerce platforms. - CAIT emphasizes the protection of smaller sellers' rights to free and fair trade. - CAIT advocates for the abolition of mandatory GST registration for conducting ecommerce operations. - The competition watchdog has found both Amazon and Flipkart guilty of violating antitrust directions. - CAIT's recommendations aim to address concerns related to ecommerce platforms and promote a healthier marketplace.

Trader's body CAIT files complaint against Flipkart, Amitabh Bachchan for 'misleading' ad

Economic Times

Economic Times · 1y ago

Trader's body CAIT files complaint against Flipkart, Amitabh Bachchan for 'misleading' ad

Traders' body Confederation of All India Traders (CAIT) has filed a complaint against Flipkart and Amitabh Bachchan for a "misleading" advertisement promoting the upcoming Big Billion Days sale. CAIT claims that the ad disparages small retailers and demands the withdrawal of the advertisement, along with penalties and fines. The complaint alleges that Flipkart and Bachchan misled the public about the prices of mobile phones, violating consumer protection guidelines. The Big Billion Days sale is scheduled to take place from October 8-15.

Government welfare schemes now more accessible with the partnership of MeitY and CAIT

Economic Times

Economic Times · 6m ago

Government welfare schemes now more accessible with the partnership of MeitY and CAIT

The CSC e-Governance Services and the Confederation of All India Traders (CAIT) have signed an MoU to expand last-mile access to government social security schemes. The partnership aims to empower traders and citizens by facilitating their registration under various schemes such as the National Pension System and Pradhan Mantri SVANidhi Scheme. CSC will organise dedicated camps in collaboration with CAIT to directly connect traders and the public with these schemes, fostering financial inclusion and social empowerment. The initiative reflects the government's vision of building a stronger and self-reliant India.

Trade bodies decry ‘unregulated’ and ‘unethical’ practices of ecommerce and quick commerce companies

Economic Times

Economic Times · 2m ago

Trade bodies decry ‘unregulated’ and ‘unethical’ practices of ecommerce and quick commerce companies

Industry bodies, including CAIT, AIMRA, and ORA, have raised concerns over the unregulated practices of ecommerce and quick commerce companies in India, highlighting issues like predatory pricing and deep discounting. These activities allegedly violate FDI regulations and focus on boosting valuations rather than genuine business development. The conclave called for stricter implementation of FDI and ecommerce policies, a ban on inventory-driven operations, and the formation of an independent body to oversee digital commerce.

CAIT Accuses Quick Commerce Players Of Violating FDI Norms

Inc42 · 7m ago

CAIT Accuses Quick Commerce Players Of Violating FDI Norms

The Confederation of All India Traders (CAIT) has targeted quick commerce players such as Blinkit, Swiggy Instamart, and Zepto. CAIT claims that these platforms are manipulating foreign direct investment rules, violating competition laws, practicing aggressive pricing, and establishing near-monopolistic control over supply chains. In a white paper released on Wednesday, CAIT outlines several alleged infractions by these quick commerce platforms that could have significant implications for small businesses.

Battle for Fair Play: Quick Commerce Under Fire over ‘FDI, Competition Rules Violation; CAIT Demands Action

OutlookIndia

OutlookIndia · 6m ago

Battle for Fair Play: Quick Commerce Under Fire over ‘FDI, Competition Rules Violation; CAIT Demands Action

The Confederation of All India Traders (CAIT) has accused quick commerce companies like Swiggy Instamart, Zomato’s Blinkit, and Zepto of breaching FDI rules. CAIT claims these firms misuse foreign investments to dominate the Indian retail market by controlling inventory and prices, which threatens small retailers. Despite raising significant funds, these companies allegedly haven't invested in infrastructure but use their influence for predatory pricing. CAIT seeks governmental action to enforce compliance with FDI and competition rules.

CAIT urges CCI intervention against e-comm giants Amazon, Flipkart

Thehindubusinessline

Thehindubusinessline · 1y ago

CAIT urges CCI intervention against e-comm giants Amazon, Flipkart

The Confederation of All India Traders (CAIT) has appealed to the Competition Commission of India (CCI) to take urgent action in the Delhi Vyapar Mahasangh case against Flipkart and Amazon. CAIT claims that the e-commerce giants have engaged in anti-competitive practices that have led to the closure of business for many retailers. The CAIT letter alleges that Flipkart and Amazon monopolize the sales of mobile phones through exclusive launches and create artificial sellers to sell their own inventory. The case's outcome has significant implications for the survival of retailers and their families.

CAIT Alleges Inaction In CCI’s Probe Against Amazon & Flipkart

Inc42 · 9m ago

CAIT Alleges Inaction In CCI’s Probe Against Amazon & Flipkart

- CAIT accuses CCI of mishandling investigations into alleged anti-competitive practices by Amazon and Flipkart. - Letter to finance minister highlights concerns over delays in addressing violations of India's FDI policies. - CAIT alleges that Amazon and Flipkart use proxy sellers to control inventory and dominate listings. - Ecommerce giants accused of bypassing regulations through these practices. - CAIT seeks government intervention to address the issue and ensure fair competition in the marketplace.

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