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

Describing the draft e-commerce rules as a perfect set of guidelines for conducting structured and transparent e-commerce business in India, the Confederation of All India Traders (CAIT) has said that the rules if implemented would end the crony capitalism that allegedly exists in the current e-commerce scenario in the country.

The traders’ body has also suggested to come up with a monitoring mechanism to ensure compliance of these regulations by the online majors. In a letter to the Ministry of Consumer Affairs, it has also suggested the penal actions should be taken in case the rules are violated.

CAIT Secretary General Praveen Khandelwal said that the foreign funded e-tailers and some of the prominent industry chambers are giving lame arguments to oppose draft rules.