The traders' body said "several credible trade organisations of Russia have reached out to the Confederation of All India Traders (CAIT) seeking its assistance to link the Russian demand with Indian manufacturers, traders and merchant exporters".
According to the forum, agitations were held in many industrial areas across states like Goa, Karnataka, Maharashtra, Chhattisgarh, Punjab, Bihar, Rajasthan, West Bengal, Meghalaya and Arunachal Pradesh.
CAIT Secretary-General Praveen Khandelwal and President BC Bharatiya expressed their disdain at how some media outlets had succumbed to Amazon's motives by supporting their advertising, thereby ignoring their "sacred regulatory and fiduciary duty" to only publish what is legal.
Amazon currently has a 24 percent stake in Cloudtail, while Catamaran Ventures, NR Narayana Murthy’s private investment firm, has a 76 percent stake in it. Additionally, Amazon India’s head Amit Agarwal is one of the board members of Cloudtail.
Easing the proposed rules will also suggest that the government has offered the e-commerce landscape to the global e-tailers to "twist the e-commerce trade to their advantage even at the cost of flouting the laws", the traders' body said.
CAIT sought the Prime Minister’s intervention in the case after the CCI passed an order imposing a Rs 202 crore fine on Amazon for misleading the body with regard to the Future-Retail deal case and also suspended the 2019 Amazon-Future Group deal approval.
Amazon is accused of concealing facts from the CCI while seeking approval for its 2019 deal to pay $200 million for a 49 percent stake in Future Coupons Pvt Ltd.
CAIT said since facilitation of sale of contraband item Ammonium Nitrate was used against our soldiers, a case of treason should be registered against Amazon and its officials.
Dubbing Amazon’s move to be “acquisition of strategic rights in Future Retail” disguised as an investment in Future Coupons Private Limited, CAIT cited the letter from independent directors of Future Retail Limited to highlight “yet another case of cheating and violation of Competition Act and its Regulations by Amazon”.
The traders' body that represents nearly 70 million traders, said the incredible Diwali 2021 sale ended the economic slowdown that had persisted for the last two years.
Stating that the FCPA has an extraterritorial jurisdiction and how it is unlawful for any enterprise to authorise the bribing of foreign government officials to obtain or retain business even outside of the US, CAIT sought an immediate and fair inquiry.
Trade delegations will meet the chief ministers and finance ministers of their respective states urging them to set up a monitoring mechanism for e-commerce trade in the state for ensuring strict implementation of FDI in the e-commerce policy of the government.
The traders' body, apart from accusing Flipkart and Amazon of delivering non-essential items amidst the curbs, has also accused both the companies of violating the inventory control norms.
Bhartia and Khandelwal said that these big corporates have “proved that they are the sons of the soil and have come forward to help the country at a time when the entire nation was worried about the shortage of medical oxygen”.
CAIT in a communication sent to Piyush Goyal said that FDI in e-commerce section of Press Note No.2 of FDI Policy 2016/2018, the stipulations of which foreign entities like Amazon and Flipkart are hell bent on ruthlessly destroying the Indian retail sector with their deep pockets and expansive lobby of legal experts who will stop at nothing before trampling the lives of over 40 crore Indians.
The apex trade body has urged the Centre to not grant permission to hold IPL 2020 on grounds that has retained Vivo as its sponsor despite the recent skirmishes between Indian and Chinese soldiers in which several Indian Army jawans were martyred
It called on Indian actors such as Sara Ali Khan, Amir Khan, Ranveer Singh, Deepika Padukone, Katrina Kaif and Ranbir Kapoor to stop endorsing Chinese smartphones out of respect for Indian soldiers and urged them to support their campaign instead
Deep discounts or not brick-and-mortar retailers may always find reasons to blame online retailers for eating into their businesses. But if done well, the CCI intervention could ensure fair trade practices.
Chemist shops across the country will also remain closed on September 28
Khandelwal was talking to reporters at the launch of 'Digital Rath', a joint initiative of the CAIT and Mastercard to encourage traders to adopt different modes of digital transactions and promote a cashless economy.
Celebrities who endorse brands will be held accountable for misleading claims under the new Consumer Protection Act, Consumer Affairs Minister Ram Vilas Paswan declared on June 24
The confederation said MUDRA loans are being disbursed by commercial banks instead of other financial institutions as originally conceived by the government while launching MUDRA.
The potential of ATM-debit card transactions is huge in the cash-driven Indian economy comprising of some 58 million small and medium enterprises (SMEs), merchants and traders, said Ari Sarker, co-president for Asia Pacific at MasterCard.