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CAIT pegs Rs 50,000 cr losses to Chinese exporters this Diwali

The Confederation of All India Traders (CAIT) also expects that consumers may spend about Rs 2 lakh crore during the Diwali festival sale period.

HDFC Bank, Mastercard, USAID commit $100-mn credit facility for small biz

The new credit facility aims to expand lending to small businesses in India that need financing to maintain and grow their operations, says HDFC Bank

US lawmakers protest more than Indians over Amazon's rigging in India: CAIT

The Confederation of All India Traders told Union Commerce Minister Piyush Goyal that in India political parties are silent on this matter

CAIT criticizes Gujarat government for signing MoU with Amazon

The Confederation of All India Traders (CAIT) on Tuesday criticized the Gujarat government for signing a pact with Amazon, alleging the US-based e-commerce giant indulges in anti-competitive practices

CAIT slams Niti Aayog for interfering in e-commerce rules

CAIT slammed the Niti Aayog for interfering in the e-commerce Rules proposed by Consumer Affairs Ministry, said that such a line taken by Niti Aayog seems to be under pressure of e-commerce giants

Uncertainty over future in Afghanistan will impact bilateral trade: CAIT

CAIT Secretary-General Praveen Khandelwal said prices in the markets might go up

Centre mulls changes in draft e-commerce rules, give clarity on flash sales

Revised norms will clear ambiguity on proposed amendments, say officials

ED serving notice to Flipkart and not Amazon 'raises suspicion': CAIT

Influential trade association writes to investigating agency, appeals to commerce and finance ministers.

CAIT says draft e-commerce rules to end crony capitalism in the sector

The traders' body has also suggested to come up with a monitoring mechanism to ensure compliance of these regulations by the online majors.

Govt-appointed council on curbing digital monopolies holds first meeting

The council deliberated on several issues concerning the formation of the ONDC platform and setting out basic fundamentals of this platform, CAIT said in a statement

CAIT against extension of deadline for comments on draft e-commerce rules

Amid reports to extend deadline for submission of comments on draft e-commerce rules, CAIT has described such requests as delaying tactics, said there is no need for any extension of deadline.

Traders body CAIT urges govt not to dilute draft e-commerce rules

Domestic traders' body CAIT on Sunday urged the government not to dilute the draft of e-commerce rules under any pressure of foreign-funded online firms. In a communication to Prime Minister Narendra Modi, the Confederation of All India Traders (CAIT) said it has been observed that voices of terming the rules as stringent is being created. "In the wake of expected pressure tactics of foreign funded e-commerce companies against the draft of e-commerce rules...(we urged) him (prime minister) to ensure that no dilution is made in draft of e-commerce rules under any pressure," CAIT said in a statement. The draft rules after examining the suggestions and objections should be notified without any further delay, it added. It alleged that unethical and law violating business practices of foreign funded e-commerce companies has forced closure of a large number of shops in the country. "Traders of India are not against e-commerce but are of the considered opinion that e-commerce is the mos

CAIT fully geared up to fight Amazon, Flipkart

Over five years, Amazon, Flipkart and many other foreign-funded e-commerce companies have indulged in unethical business practices with an objective of taking control of e-commerce, retail business.

CAIT hails HC order, asks Goyal to direct CCI probe into Amazon, Flipkart

On Friday, the Karnataka High Court dismissed a petition from Amazon and Flipkart requesting a stay on India's antitrust watchdog CCI's probe into both companies' alleged anti-competitive practices.

Traders body asks Delhi govt for financial aid for lockdown-hit retailers

The Confederation of All India Traders, on Tuesday, in a letter sent to Delhi Chief Minister Arvind Kejriwal, asked for a financial relief package for the city's retail shop owners.

CAIT opposes Delhi's move to allow markets to open on 'odd-even' formula

The Delhi government had first imposed a complete weekly lockdown on April 19 which was later extended multiple times, last on May 23.

Trader body asks Delhi govt to allow opening of shops, markets from Monday

Delhi, which has been under lockdown since April 20 to contain the spread of Covid-19, will begin gradually lift restrictions starting Monday (May 31), chief minister Arvind Kejriwal announced earlier

Flipkart restructured biz model to control over inventory, alleges CAIT

Traders' body CAIT on Thursday urged the government to investigate the "blatant" violation of FDI and taxation rules by e-commerce major Flipkart, alleging that the Walmart-owned firm had "creatively" restructured its business model to exercise control over inventory and retail prices.

Coronavirus: CAIT demands financial support to lockdown-hit traders

Domestic traders body CAIT body on Sunday urged the Delhi government to give financial assistance to the traders community which has been hit by Covid-19 induced lockdown.

Delhi traders to observe voluntary lockdown for one more week: CAIT

Traders in Delhi will observe voluntary lockdown for one more week to assist the government in bringing down the Covid numbers, the Confederation of All India Traders (CAIT) said on Saturday