CAIT urges Govt to take action against e-commerce firms flouting FDI policy

Traders’ body CAIT on Sunday urged the government to take action against e-commerce companies flouting Foreign Direct Investment (FDI) norms and indulging in unfair practices.

Terming such firms “global economic terrorist” and “economic intruders, tax offenders and policy & law violators”, the Confederation of All India Traders (CAIT) in a letter sent to Commerce Minister Piyush Goyal demanded early enforcement of e-commerce policy and national retail policy.

It also called for constituting an e-commerce ombudsman and a Retail Regulatory Authority.

CAIT also criticised the Ministry of MSME’s reported move to join hands with some prominent e-commerce companies for onboarding of small retailers on their platforms.