Home / Knowledge / News / E-commerce / Create regulatory authority for e-com: CAIT tells govt

Create regulatory authority for e-com: CAIT tells govt

02
Jan '19
Create regulatory authority for e-com: CAIT tells govt
The Confederation of All India Traders (CAIT) has urged the government to create an Independent Regulatory Authority for E Commerce to regulate and monitor the e-commerce trade. The said Authority should be duly empowered to take action against any entity which defy the policy and ensure that the policy is strictly implemented in its true letter and spirit.

“FDI norms as spelled out in the policy (recently by the government) should also be made applicable on domestic e-commerce players as well to restrict them for adopting any unethical business practices and remain at par with other e-commerce players,” CAIT national president BC Bhartia and secretary general Praveen Khandelwal said in a communication to Union commerce minister Suresh Prabhu.

Bhartia and Khandelwal said that the business community of the country stands in solidarity with the Union government on issue of changes made in FDI policy in e-commerce for bringing transparency, even level playing field and fair competition.

They thanked the minister for releasing the policy which “brings an end to era of unethical business practices of exclusivity, predatory pricing, deep discounting and loss funding being constantly adopted by global e-commerce players.”

They said that any move to bring further changes in FDI Policy to the advantage of global players under any kind of pressure or coercion will be stoutly opposed by the business community of the country. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search