CAIT exhorts Suresh Prabhu not to revise FDI policy to the advantage of big e-comm firms
6 years ago

CAIT exhorts Suresh Prabhu not to revise FDI policy to the advantage of big e-comm firms

Live Mint  

New Delhi: Traders’ body CAIT Thursday asked the government not to bring in changes in the FDI policy on e-commerce that could give an upper hand to big players in the sector. The government last month announced changes to FDI policy for e-commerce sector, which would put an end to the barrage of discounts and cashback offers by online platforms with foreign investment, from February 2019. CAIT, which has welcomed the government’s move, has alleged that a few US-based fora and chambers and some Indian industry bodies are “pressurising” the government for bringing amendments in the policy to the advantage of large players. CAIT Secretary General Praveen Khandelwal, who led the delegation, said the traders’ body will “strongly and stoutly” oppose any move to change the policy to the advantage of major e-commerce players.

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History of this topic

Foreign E-commerce Giants Dodge Regulations To Dominate Indian Market: CAIT
8 months, 2 weeks ago

Foreign E-commerce Giants Dodge Regulations To Dominate Indian Market: CAIT

ABP News  

Praveen Khandelwal, Secretary General of the Confederation of All India Traders and a Lok Sabha candidate for the BJP accused foreign e-commerce giants such as Amazon and Walmart-owned Flipkart of sidestepping regulations and laws in their aggressive efforts to dominate the Indian market. In response to a television media report suggesting that the Competition Commission of India has uncovered suspected …

National e-commerce policy in final stages; to be presented before top-level: Report
1 year, 4 months ago

National e-commerce policy in final stages; to be presented before top-level: Report

Hindustan Times  

The proposed national e-commerce policy being formulated by the commerce and industry ministry is in the final stages and no new draft policy will be issued now for seeking views of stakeholders, a senior government official said. The Department for Promotion of Industry and Internal Trade on August 2 held a detailed discussion with representatives of e-commerce firms and a …

E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify
3 years, 6 months ago

E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify

India TV News  

As e-commerce regulations are tightened, the fight between foreign companies Amazon, Flipkart, and Indian companies Reliance, Tata Group is set to intensify. 100% FDI is allowed in marketplace but regulations are evolving - 2018 rules pushed Amazon to reduce stake in a key seller. However, in 2021, there have been amendments to those rules, still at a draft stage and …

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA
4 years ago

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA

News 18  

In a significant development related to disputes between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders for blatant violation of FDI Policy and Foreign …

Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations
4 years ago

Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations

News 18  

In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders alleging blatant violation of FDI Policy and Foreign …

CAIT seeks strict action against Amazon in letter to ED, claims predatory pricing caused misery to small traders
4 years, 1 month ago

CAIT seeks strict action against Amazon in letter to ED, claims predatory pricing caused misery to small traders

Firstpost  

The traders’ body claimed that despite the constant violations, no action has been taken against Amazon because of which 7 crore traders in India are feeling cheated and left out New Delhi: Traders’ body CAIT on Sunday said it has written to the Enforcement Directorate seeking “strict action” against Amazon, claiming that the e-commerce major has caused “misery” to small …

CAIT Asks ED to Take Strict Action Against Amazon for Causing 'Misery' to Small Traders
4 years, 1 month ago

CAIT Asks ED to Take Strict Action Against Amazon for Causing 'Misery' to Small Traders

News 18  

The Confederation of All India Traders has written to the Enforcement Directorate with all the necessary details to prove that Amazon in India in 2012, over severe violations of rules and regulations of the country and causing misery to crores of small traders who are sought to be protected by the FDI Policy and the FEMA Rules and Regulations. “We …

Amazon May be on the Wrong Side of India’s FDI Rulebook for Multi-brand Retail on Dispute with Future Retail
4 years, 1 month ago

Amazon May be on the Wrong Side of India’s FDI Rulebook for Multi-brand Retail on Dispute with Future Retail

News 18  

Here is a sentence, which sounds innocuous and laced with bureaucratese at first glance, that may well be read and re-read several times and subjected to rigorous legal interpretation in the coming weeks. This sentence is from Clause of Section 5.2.15.4 titled “Multi-brand Retail Trading” of India’s “Consolidated FDI Policy”, an umbrella rulebook that contains micro-details of foreign investment regulations …

Traders' Body Accuses Amazon of Violating FDI Policy, Writes to Piyush Goyal; Company Denies Charges
4 years, 2 months ago

Traders' Body Accuses Amazon of Violating FDI Policy, Writes to Piyush Goyal; Company Denies Charges

News 18  

Traders' body CAIT on Wednesday accused e-commerce major Amazon of violating FDI policy and Foreign Exchange Management Act norms, a charge which the multinational company denied. The traders' body in a letter to Commerce Minister Piyush Goyal alleged that the online retailer has not sought the government's approval for conducting multi-brand retail activities in India and demanded action and imposition …

Traders Support Future Retail in Battle Against Amazon
4 years, 2 months ago

Traders Support Future Retail in Battle Against Amazon

News 18  

Traders body, CAIT has compared Amazon with East India Company in the colonial era which acquired Indian states one by one and monopolized Indian business. “The recent statement made by Indian origin Future Retail group to go for liquidation as a consequence of a acquisition battle of Amazon reminds us the colonial era when East India Company initiated the process …

BharatEMarket logo launched, Govt says committed to provide level-playing field in e-commerce
4 years, 2 months ago

BharatEMarket logo launched, Govt says committed to provide level-playing field in e-commerce

India TV News  

Minister of State for Commerce Som Parkash on Friday said the government will not spare any efforts in maintaining a level-playing field in e-commerce and stressed that violation of government policy "will not be tolerated anymore". He was speaking via video conferencing at the event to launch the logo of the upcoming e-commerce portal 'BharatEMarket' of the Confederation of All …

CAIT urges govt to restrict e-commerce companies to sell only essential goods; seeks fiscal stimulus to tide over crisis
4 years, 9 months ago

CAIT urges govt to restrict e-commerce companies to sell only essential goods; seeks fiscal stimulus to tide over crisis

Firstpost  

The CAIT urged Goyal and Paswan that the e-taliers should be allowed to sell only essential commodities and they should be directed to close their portals for rest of the products. The Confederation of All India Traders expressed resentment over the business behaviour of e-commerce companies and urged Union Commerce Minister Piyush Goyal and Consumer Affairs Minister Ram Vilas Paswan …

CAIT urges govt to take action against e-commerce firms flouting FDI policy, indulging in unfair practices
5 years ago

CAIT urges govt to take action against e-commerce firms flouting FDI policy, indulging in unfair practices

Firstpost  

CAIT also criticised the Ministry of MSME’s reported move to join hands with some prominent e-commerce companies for onboarding of small retailers on their platforms New Delhi: Traders’ body CAIT on Sunday urged the government to take action against e-commerce companies flouting Foreign Direct Investment norms and indulging in unfair practices. Terming such firms “global economic terrorist” and “economic intruders, …

Govt asks e-commerce firms to file FDI compliance report annually; e-tailers need to obtain statutory auditor report
5 years, 1 month ago

Govt asks e-commerce firms to file FDI compliance report annually; e-tailers need to obtain statutory auditor report

Firstpost  

Trader bodies have been raising concerns over the violation of FDI norms. New Delhi: The government has made it mandatory for e-commerce companies like Amazon and Flipkart to submit foreign direct investment policy compliance report by a statutory auditor by 30 September every year, a move aimed at ensuring that they follow all the norms properly. As per the government …

CAIT seeks action against Flipkart, Amazon for FDI norms violation, calls them 'economic terrorists'
5 years, 1 month ago

CAIT seeks action against Flipkart, Amazon for FDI norms violation, calls them 'economic terrorists'

Firstpost  

The CAIT claimed that small retailers have suffered at the hands of Amazon, Flipkart and other e-commerce portals for the last one year, leading to decline in their business. New Delhi: Traders’ body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them “economic terrorists”, and demanded that the government take action against them for alleged violation …

Govt mulls ombudsman for e-commerce sector
5 years, 2 months ago

Govt mulls ombudsman for e-commerce sector

Deccan Chronicle  

Chennai: The government is keen to have an ombudsman for e-commerce, but is not looking at constituting an independent regulator for the sector. Some time back, the stakeholders of retail trade had demanded constitution of a regulatory authority for the e-commerce sector on the lines of Telecom Regulatory Authority of India and Insurance Regulatory Auhority of India. Considering the growth …

Govt plans regulator to monitor online retailers, curb disputes
5 years, 2 months ago

Govt plans regulator to monitor online retailers, curb disputes

Live Mint  

India is examining the feasibility of setting up a regulatory authority to settle disputes related to e-commerce, a top government official said, amid a raging battle between big online retailers and mom-and-pop stores. “We plan to implement the policy within this financial year.” Prime Minister Narendra Modi’s administration is under pressure from small traders to act against the big online …

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart
5 years, 2 months ago

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart

Firstpost  

Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country’s retail business New Delhi: Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are …

Traders’ body CAIT to launch nation-wide movement against Amazon, Flipkart
5 years, 2 months ago

Traders’ body CAIT to launch nation-wide movement against Amazon, Flipkart

Live Mint  

Traders' body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country's retail business. In a statement, the Confederation of All India Traders said, "Both Amazon and Flipkart still continue to sell goods on their portal at predatory pricing, deep …

Traders body CAIT seeks Narendra Modi's intervention in e-retailers alleged unethical business model
5 years, 2 months ago

Traders body CAIT seeks Narendra Modi's intervention in e-retailers alleged unethical business model

Firstpost  

New Delhi: The Confederation of All India Traders on Wednesday said it has sought Prime Minister Narendra Modi’s intervention in the issue of alleged unethical practice of online retailers, including Amazon and Flipkart. “CAIT today took the matter of unethical business practices of Amazon and Flipkart and other e-commerce companies to the court of Prime Minister Narendra Modi and in …

CAIT urges PM not to yield ground to Walmart, other e-commerce players; says such firms have no regard for Indian laws, policies
5 years, 2 months ago

CAIT urges PM not to yield ground to Walmart, other e-commerce players; says such firms have no regard for Indian laws, policies

Firstpost  

CAIT’s secretary general Praveen Khandelwal accused e-commerce firms of attempting to directly control India’s economy by indulging in ‘unfair and monopolistic’ business practices New Delhi: Traders’ body CAIT on Tuesday urged Prime Minister Narendra Modi not to concede any ground to Walmart and other overseas e-commerce players, saying such firms have no regard for the sanctity of Indian laws and …

CAIT wants govt to probe ’unholy nexus’ of e-commerce firms, banks
5 years, 2 months ago

CAIT wants govt to probe ’unholy nexus’ of e-commerce firms, banks

Live Mint  

Traders' body CAIT on Sunday demanded a high-level enquiry by the Centre to probe the "unholy nexus" of e-commerce firms, companies owning brands and banks for causing price distortion in the country’s e-commerce market. In a statement, CAIT claimed that not only e-commerce firms like Amazon and Flipkart, but a large number of companies owning brands, particularly in mobile, FMCG, …

Amazon, Flipkart execs meet DPIIT officials over deep discounting allegations
5 years, 3 months ago

Amazon, Flipkart execs meet DPIIT officials over deep discounting allegations

Live Mint  

New Delhi: After complaints from brick and mortar retailers alleging predatory pricing and deep discounting by the e-commerce companies during their ongoing festive sales, senior officials of the Department for Promotion of Industry and Internal Trade on Thursday met representatives of Amazon and Flipkart. Confederation of All India Traders Secretary General Praveen Khandelwal had alleged that e-commerce companies are following …

Govt to come out with national e-commerce policy within 12 months
5 years, 6 months ago

Govt to come out with national e-commerce policy within 12 months

Live Mint  

The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector, an official said. "We will put in place an institutional framework to bring out a national policy on e-commerce within next 12 months," the official said. The government in February released the draft national e-commerce policy proposing setting up …

Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal
5 years, 6 months ago

Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal

Firstpost  

New Delhi: The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector, an official said. “We will put in place an institutional framework to bring out a national policy on e-commerce within next 12 months,” the official said. The minister also stated that India wants to engage with the …

Data of consumers should be used for benefit of local economy: Indian e-commerce players
5 years, 6 months ago

Data of consumers should be used for benefit of local economy: Indian e-commerce players

India TV News  

Indian e-commerce companies on Monday flagged issues pertaining to the safety of data of Indian users stored abroad and said such information related to consumers in the country should benefit the local economy. Senior officials of various digital commerce companies - who met Commerce and Industry Minister Piyush Goyal on Monday - also raised concerns over instances of non-compliance with …

Clarifications On FDI In E-Commerce Sector - The Predicament Of Marketplace Entities In India
5 years, 10 months ago

Clarifications On FDI In E-Commerce Sector - The Predicament Of Marketplace Entities In India

Live Law  

The e-commerce sector in India has grown exponentially in a relatively short span of time to become an industry worth billions, as on date. The Press Note 2018, as is the case with Press Note 2016, recognizes the following two categories of business models: Inventory based Model - wherein, any inventory of goods and services is owned by the e-commerce …

Will continue engaging with govt to seek clarifications, says Amazon
5 years, 11 months ago

Will continue engaging with govt to seek clarifications, says Amazon

Live Mint  

With requests for extension in deadline for new e-commerce rules being rejected, US e-tailing giant Amazon Thursday said it will continue to engage with the government to seek clarifications and work towards minimising impact on its customers and sellers. "While we remain committed to complying with all laws and regulations, we will continue to look to engage with the government …

What are India’s new foreign direct investment rules for e-commerce?
5 years, 11 months ago

What are India’s new foreign direct investment rules for e-commerce?

Live Mint  

India late last year modified foreign direct investment rules for its burgeoning e-commerce sector that has attracted Walmart Inc and Amazon.com Inc, creating new hurdles for both global retail giants. * India allows 100 percent foreign direct investment in the marketplace model of e-commerce, which it defines as a tech platform that connects buyers and sellers. The inventory model, which …

New FDI norms for e-commerce: Comprehensive policy applicable to foreign, domestic players need of the hour
5 years, 11 months ago

New FDI norms for e-commerce: Comprehensive policy applicable to foreign, domestic players need of the hour

Firstpost  

It could be difficult for the e-commerce players to rely on small/medium scale individual players for large scale deliveries. In other words, a vendor can only sell 25 percent of its total goods by value to a single e-commerce player. • E-commerce players need to engage equally with all vendors listed on its platform and not provide special benefits to …

FDI shock for Flipkart, Amazon as govt says no to deadline extension
5 years, 11 months ago

FDI shock for Flipkart, Amazon as govt says no to deadline extension

Live Mint  

Bengaluru: The government snuffed out any hopes of deferring the implementation of new foreign investment rules in e-commerce, dealing a huge blow to Flipkart and Amazon India that have been lobbying furiously to get the new regulations postponed or scrapped entirely. India’s largest e-commerce firms, Flipkart and Amazon, are expected to bear the brunt of the new regulations, which come …

FDI in e-commerce: Amazon, Flipkart seek extension of 1 Feb deadline
5 years, 11 months ago

FDI in e-commerce: Amazon, Flipkart seek extension of 1 Feb deadline

Live Mint  

New Delhi: Amazon and Walmart-owned Flipkart have sought an extension of the February 1 deadline for complying with the revised FDI norms in e-commerce, stating that they need more time to understand the details of the framework. The spokesperson added that with over 4 lakh sellers and large volume of daily transactions on the Amazon India marketplace, the company needs …

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance
5 years, 11 months ago

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance

Firstpost  

The revised policy on FDI in online retail said that these firms have to offer equal services or facilities to all its vendors without discrimination. Amazon and Walmart-owned Flipkart have sought more time from the government to comply with the new changes in the foreign direct investment policy for e-commerce firms as they find it difficult to execute the changes …

What new FDI guidelines mean for the e-commerce ecosystem
6 years ago

What new FDI guidelines mean for the e-commerce ecosystem

Live Mint  

Last week saw the government launching stricter guidelines that govern foreign direct investment in e-commerce firms. The revised FDI policy issued last week explains certain principles laid down in a 2017 circular on the operations of online market places, wherein 100% foreign direct investment, or full foreign ownership is allowed. The new norms bar exclusive tie-ups between e-commerce firms that …

Restrictions on foreign e-commerce companies to hit FDI in India: US industry body
6 years ago

Restrictions on foreign e-commerce companies to hit FDI in India: US industry body

Live Mint  

Washington: Expressing concern over India tightening restrictions on foreign e-commerce companies operating in the country, leading American industry advocacy groups have said that such a move would have a long-term negative impact on the foreign direct investment as well as consumers. Mukesh Aghi, president of US India Strategic and Partnership Forum said “this is not in the best interest of …

E-commerce discounts may continue, but in innovative ways
6 years ago

E-commerce discounts may continue, but in innovative ways

Live Mint  

Ecommerce companies in India have been criticized for predatory pricing, but the revised e-commerce policy plans to make deep discounts a thing of the past. However, some analysts believe online marketplace is likely to find innovative ways to continue offering discounts once the dust around the new rules settles. As long as the government is clear on this, enforcement will …

Flipkart, Amazon hit as govt tightens e-commerce norms
6 years ago

Flipkart, Amazon hit as govt tightens e-commerce norms

Live Mint  

Bengaluru/New Delhi: The government on Wednesday barred online retailers such as Flipkart and Amazon from selling products of companies in which they own stakes and disallowed them from entering into exclusive deals for merchandise, unveiling norms that industry figures warned could upend India’s $18 billion e-commerce industry. A senior government official said the changes in the foreign direct investment policy …

CAIT wants govt to launch e-commerce marketplace in partnership with trade associations
6 years, 1 month ago

CAIT wants govt to launch e-commerce marketplace in partnership with trade associations

Firstpost  

CAIT demanded early announcement of an e-commerce policy and formation of a Regulatory Authority to monitor the e-commerce business in India. New Delhi: Traders’ body CAIT Thursday urged the government to launch an e-commerce marketplace portal in partnership with trade associations where small traders, artisans and women entrepreneurs can sell their products in a ‘fair and transparent manner’. The Confederation …

Traders' body CAIT writes to commerce minister Suresh Prabhu over plans to change draft e-commerce policy
6 years, 3 months ago

Traders' body CAIT writes to commerce minister Suresh Prabhu over plans to change draft e-commerce policy

Firstpost  

The Confederation of All India Traders said that the country’s e-commerce market has considerably grown in size and scale which needs a codified policy and a regulatory authority to regulate and monitor the market. Mumbai: Traders’ body CAIT on Wednesday termed the government’s reported move to drop the draft of e-commerce policy as a regressive step, and has written to …

DIPP secretary Ramesh Abhishek says govt won't allow 49% FDI in e-retail of limited inventory Indian goods
6 years, 4 months ago

DIPP secretary Ramesh Abhishek says govt won't allow 49% FDI in e-retail of limited inventory Indian goods

Firstpost  

India has reportedly attracted $230 billion in FDI in the last four years and the ‘Invest India’ campaign is facilitating foreign investments worth $90 billion. DIPP secretary Ramesh Abhishek, speaking at a seminar organised by the Swadeshi Jagaran Manch, a wing of the Rashtriya Swayamsevak Sangh, said that there are no plans to allow foreign investments in the business-to-consumer e-commerce …

India reviews draft e-commerce policy after criticism
6 years, 5 months ago

India reviews draft e-commerce policy after criticism

Live Mint  

India is reworking proposed e-commerce rules after a draft, which had signalled a shift toward boosting domestic startups, sparked criticism, according to people familiar with the matter, who asked not to be identified as the discussions are private. Commerce minister Suresh Prabhu tweeted on 11 August that his ministry had received a “few concerns” on the draft e-commerce policy and …

Walmart-Flipkart deal: Traders' body CAIT to move court against Competition Commission of India's nod to the pact
6 years, 5 months ago

Walmart-Flipkart deal: Traders' body CAIT to move court against Competition Commission of India's nod to the pact

Firstpost  

The CAIT has been demanding the government to scrap the deal and constitute a regulatory authority to monitor the country’s e-commerce market. New Delhi: Traders’ body Confederation of All India Traders on Wednesday described as ‘most unfortunate’ the Competition Commission of India’s move to clear the Walmart-Flipkart deal and said it will approach the court against the decision. The Competition …

What draft e-commerce policy means for India’s retail sector
6 years, 5 months ago

What draft e-commerce policy means for India’s retail sector

Live Mint  

New Delhi: Just a day before her retirement on 31 July, commerce secretary Rita Teotia tabled the draft e-commerce policy before a panel headed by commerce and industry minister Suresh Prabhu. The draft e-commerce policy, which effectively seeks to regulate all aspects of online retail and recommends strict restrictions, including curbs on discounts, may impact not just e-commerce companies, but …

Amazon, Flipkart want the draft e-commerce policy scrapped
6 years, 5 months ago

Amazon, Flipkart want the draft e-commerce policy scrapped

Live Mint  

New Delhi/Bengaluru: India’s largest e-commerce firms Amazon Seller Services Pvt. Ltd are lobbying the government to scrap the entire draft e-commerce policy, which recommends strict restrictions on online retail, including curbs on discounts, people familiar with the matter said. The two firms, which account for a majority of the $18 billion online retail market, were not part of the panel …

Commerce and industry ministry asks ED to look into complaints related to alleged violation of FDI norms
6 years, 5 months ago

Commerce and industry ministry asks ED to look into complaints related to alleged violation of FDI norms

Firstpost  

Traders body CAIT has time again filed complaints with the ministry on the issue and violation of FDI in e-commerce rules by certain online retail firms New Delhi: Commerce and Industry Minister Suresh Prabhu on Wednesday said the ministry has asked the Enforcement Directorate to look into the complaints related to alleged violation of foreign direct investment norms by some …

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