B.C.Bhartia
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Commerce ministry forwards complaint of FDI policy violation by e-comm companies to ED, RBI: CAIT
Traders' body CAIT on Thursday said the commerce and industry ministry has forwarded its complaint with regard to violation of FDI policies by e-commerce firms to the RBI and Enforcement Directorate (ED) for necessary action.
"Enforcement Directorate and Reserve Bank...
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‘E-commerce in India has destroyed domestic trade; Govt remains mute spectator’
Taking its strong view against e-commerce platforms for indulging in to deep discounting and loss funding thereby violating FDI Policy 2016 of the Union Government, the Confederation of All India Traders (CAIT) lashed out at Suresh Prabhu, Minister for...
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Consumer Protection Bill is the need of the day: CAIT
"The Consumer Protection Bill, once passed by the Parliament, will empower consumer movement in the country and therefore the Consumer Protection Bill which is pending before the Parliament since a long time should be passed in the ensuing session...
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CAIT launches Digital Rath to boost digital payments
In its efforts to incentivise digital payments in the country, the Confederation of All India Traders (CAIT) has launched a Digital Rath under its national campaign "Cashless Bano India" in association with MasterCard to boost digital payments among traders...
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Jewellery sales remain flat this Dhanteras
Gold and jewellery sales may remain flat this Dhanteras amid sluggish demand from consumers despite relaxation in KYC norms for purchase, even as people fancied automobiles and electronic items, according to industry players.
According to a PTI report: However, organised...
Retail
CAIT demands action against e-comm sites flouting FDI policy
Traders body CAIT today alleged that e-commerce portals are openly flouting FDI policy, and said it may move the court if no action is taken by the government against them.
In a statement, CAIT said it, "expresses deep anguish and...
Retail
Fitment of goods in GST tax slabs must be revisited: CAIT
The Confederation of All India Traders (CAIT) said that classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country leading various verticals of retail...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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