Traders' body CAIT today said it will hold protests at 1,000 places across the country on July 2 against US retail giant Walmart's proposed acquisition of 77 per cent stake in home-grown retailer Flipkart in a USD 16 billion deal.
The Confederation of All India Traders (CAIT) took the decision today at its two-day National Governing Council meeting at Ahmedabad.
The traders' body passed a resolution at the conference asking the government to reject the deal. It demanded formulation of an e-commerce policy and setting up of a Regulatory Authority for the country's e-commerce sector.
In a statement, CAIT Secretary General Praveen Khandelwal said: "This time we shall be pursuing the matter with both ED (Enforcement Directorate) and Reserve Bank of India so that e-commerce companies including Flipkart and its new owner Walmart should not escape from the liability of mal-practices, predatory pricing and deep discounting."
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