News Karnataka
Thursday, June 30 2022
Shop Online

CAIT urges Centre to suspend Amazon’s e-commerce portal immediately - 1 min read

New Delhi: The Confederation of All India Traders on Sunday urged the Centre to take immediate action against e-commerce giant Amazon by asking it to suspend its e-commerce portal.

The traders’ body’s letter to the Centre comes just two days after the Competition Commission of India (CCI) imposed a penalty of Rs 202 crore on Amazon and suspended its approval for its deal with Future Coupons.

“Since this act (by Amazon) violates FEMA and FDI policy, the Enforcement Directorate has nothing more to do – the evidence is right before it in the form of CCI order, therefore the ED should take immediate action against Amazon,” it said in the letter.

“The order of the regulator CCI is more than enough for the government to act.”

The CAIT added that violations by Amazon has caused collateral damage to traders as more than two lakh shops, majorly of mobile trade, have been closed due to “vicious tripartite nexus comprising Amazon, brand owing companies and various banks including government banks”.

“CCI order for imposing 202 crore penalty on Amazon exposes fraudulent and mischievous attempts by it to control e-commerce and retail trade. No more evidence needed after CCI order,” CAIT General Secretary Praveen Khandelwal said in a tweet.

See also  SC on Amazon's plea on Future Retail assets transfer: 'Will list it early'
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Subscribe to our Podcast across platforms
AnchorAmazon MusicSpotifyGoogle PodcastsRadio PublicRSS

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

Subscribe Newsletter

Get latest news karnataka updates on your email.

To get the latest news on WhatsApp