"There has to be a regulatory authority…like SEBI for share market, and for telecom industry…to regulate and monitor e-commerce and we are going to request the government (for the same)," he said.
Listing out a series of demands in a charter sent to the AAP, BJP and Congress, the trade body pointed out that 100 wards in Delhi are dominated by traders.
The Confederation of All India Traders (CAIT) based its assessment on a survey conducted by its research arm.
The Confederation of All India Traders (CAIT) urged the government to probe the cash and carry player accusing it of selling to consumers even as it operates a B2B model in India.
Products of Fast Moving Consumers Goods (FMCG), consumer durables and cosmetics from over 30,000 small and medium brands are catering to the demand of 80 percent of India's population, according to the survey by traders' body CAIT.
The 24-page letter by US lawmakers confirms in gory detail how Amazon engaged in a "pattern and practice" of misleading conduct that was designed to "influence, obstruct, or impede" the Committee's 16-month investigation into competition in digital markets.
At stake is the Rs 27,000 crore deal between Future and Reliance, which has been on the back-burner since 2020. Future group is trying to ensure the deal goes through, while Amazon is trying to secure its interests in the Future group.
Amazon and Flipkart are conducting a preferential seller system on their respective marketplace which is against the Foreign Direct Investment norms for e-commerce, the traders' body has said.
Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said that Rule 10 of Legal Metrology (Packaged Commodities) Rules, 2011, provides that e-commerce entities have to display details of the manufacturer, 'country of origin' and common/generic name of the product, MRP, and dimensions of the commodity, among others.
Expressing concerns over Chinese investment in various Indian companies, start-ups and digital apps, CAIT said there is a need to take necessary action in this regard.
These new initiatives build on Mastercard's multi-year partnership with the Confederation of All India Traders (CAIT) to grow digital payments awareness and support merchant on-boarding for digital commerce will help to large extent the Indian traders to overcome from the set back due to COVID-19, the industry body said.
Confederation of All India Traders (CAIT) have pressed for formation of a regulatory authority empowered to act against companies flouting norms.
India and the United States said they would continue to push for UN Security Council sanctions against Masood Azhar, the founder of militant group Jaish-e-Mohammed (JeM), and many Indians said their patience was running out with China.
Delhi is the largest distribution centre of trade in the country but under the city's master plan, godowns and warehouses are not allowed in Delhi.
The Confederation of All India Traders (CAIT) today said it will prepare 5,000 trade leaders across the Country as 'Master Trainers', who will be responsible to empower and educate the trading community about Goods and Services Tax (GST).
The Gujarat chapter of the Confederation of All India Traders (CAIT) has said Prime Minister Narendra Modi, Gujarat Chief Minister Vijay Rupani and RBI should intervene more to resolve the issue of cash crunch.
"The large chunk of the trading community is still much away from computer system. The series of workshops is an attempt to train and educate them on GST compliance and its seamless adoption and to raise awareness of the procedural compliance under the new taxation system," CAIT Secretary General Praveen Khandelwal said here.
China also asserted that any such boycott would not have much impact on its exports, but "without proper substitutes, the biggest losers of the boycott of Chinese goods will be Indian traders and consumers".
Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said that Chinese lighting and decorative products are widely used during Diwali and such materials start flooding the Indian markets three months prior to the festive season.
Observing that it would be difficult for anyone to evade taxes under the new framework, CAIT said even the instances of under-invoicing will gradually wane as the tax department will have PAN-based registration and sale-purchase data of traders.
The traders' body said the move will also save the government from huge amount of administrative efforts and allow them to focus on widening the tax base.
Traders body CAIT has filed a complaint with DIPP alleging that major e-tailers Amazon, Flipkart and Snapdeal are blatantly violating FDI norms.
CAIT national President B C Bhartia and Secretary General Praveen Khandelwal said that under the current VAT regime, items placed under the 5 percent tax slab will be attracting standard rate of tax, which may be 18 percent, and it is feared that such a situation will lead to inflation.
Aiming to promote digital payments, in line with Prime Minister Narendra Modi's call, Confederation of All India Traders (CAIT) on July 7 said it will kick-start a 40-day campaign from July 8