Cait

Delhi's traders face 20% loss as pollution, curbs deter consumers: Cait

Cait Secretary General Khandelwal urges govt to involve trade associations in policy-making, adopt electric trucks for logistics, and offer financial support to businesses

Wedding season to generate Rs 4.25 tn in expenditure in Nov-Dec: Report

According to CAIT survey, the period from November to mid-December is likely to witness 3.5 million weddings in India

4.8 million weddings this year to generate over Rs 6 trillion: Cait

Last year, 3.8 million weddings in India between November-December generated around Rs 4.74 trillion

Chhath Puja 2024: CAIT estimates Rs 12,000 cr nationwide trade on festival

The surge in Chhath Puja demand for handmade goods and festive clothing boosts job opportunities and supports cottage industries, energising India's local economies

Diwali sales set to hit Rs 4.25 trillion; traders prep for festive boom

Buoyed by the success of recent festivals, traders are attracting Diwali shoppers with vibrant lights, festive decor, and special discounts

CAIT's White Paper details violations by Amazon, Flipkart; calls for action

The White Paper focuses on the violations committed by e-commerce giants, particularly regarding the Foreign Direct Investment policy and other regulatory frameworks governing e-commerce

CAIT demands immediate enforcement of e-comm laws on Amazon and Flipkart

CCI launched its investigation into Amazon and Flipkart in 2020 for allegedly pushing select sellers to the top of search results, while sidelining others

Ganesh Chaturthi expected to bring Rs 25,000 crore business: Industry body

Ganesh Chaturthi is projected to generate Rs 25,000 crore this year, with businesses favouring domestic goods, and a push for eco-friendly clay idols

CAIT urge govt to include traders, other stakeholders in talks with farmers

They stressed that any proposed measures would have far-reaching implications, affecting every stakeholder involved in the agricultural supply chain

CAIT approaches CCI against Flipkart, Amazon for anti-competitive practices

CAIT writes to CCI seeking the urgent resolution of the longstanding Delhi Vyapar Mahasangh case involving alleged anti-competitive practices of Flipkart and Amazon

CAIT advises traders to switch from Paytm to other payment options

Traders' body CAIT on Sunday issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations. "The Reserve Bank of India has imposed certain restrictions, prompting CAIT to recommend that users take proactive measures to protect their funds and ensure uninterrupted financial transactions. Large number of small traders, vendors, hawkers and women are making payments through Paytm and as such RBI restrictions on Paytm could lead financial disruption to these people," the Confederation of All India Traders (CAIT) stated. Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down on tech poster boy Vijay Shekhar Sharma-run entities, according to sources. The central bank has ordered Paytm Payments Bank Ltd (PPBL) to halt most of its business ...

Budget 2024: Sitharaman bats for developing iconic tourist destinations

The finance minister announced that long-term interest-free loans will be provided to states for financing the development of iconic tourist centres

'Govt will not interfere with direct selling industry until it is right'

Consumer Affairs Secretary Rohi Kumar Singh on Friday told the direct selling industry that the authorities will not interfere with its business model as long as it is "right" and cautioned that the government cannot be taken for a ride. His remarks come against the backdrop of concerns and certain instances of direct selling businesses getting linked with money circulation and ponzi scheme activities. "As long as you are right, we are with you. But if money circulation is involved, subscription is not explained, then the government will interfere. You cannot take the government for a ride," Singh said while addressing a conference organised by the Confederation of All India Traders (CAIT). The government has taken action against certain entities in the direct selling industry for alleged misdoings. "The problem with your industry (direct selling) is perception... I am sure you are doing right but you need to work on your perception," he said and urged the industry to bring more ..

Upcoming wedding season likely to generate Rs 4.7 trillion business: CAIT

Traders' body CAIT on Tuesday said it is expecting an expenditure of Rs 4.74 lakh crore in the upcoming wedding season from November 23 to December 15, which is likely to see almost 38 lakh marriages. The expenditures related to wedding purchases and procurement of various services by consumers this season are almost Rs 1 lakh crore more than the year-ago period, the Confederation of All India Traders (CAIT) said. The estimates are based on inputs from trade bodies in 30 cities in different states and stakeholders in goods and services. "During this period (November 23-December 15), it is estimated that around 38 lakh weddings will be solemnised with a total expenditure of around Rs 4.7 lakh crore," CAIT Secretary General Praveen Khandelwal told PTI on the sidelines of a press conference. "Last year, there were almost 32 lakh weddings with a total expenditure of Rs 3.75 lakh crore. So, this year there is (expected to be) an increase (in expenditure) of almost Rs 1 lakh crore which

Festive season sees record retail trade of Rs 3.75 trillion: CAIT

Retail markets across India registered a record trade of Rs 3.75 lakh crore during this festive season so far, traders' body CAIT said on Monday. The Confederation of All India Traders (CAIT) stated that festivals like Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja and Tulsi Vivah are yet to be solemnised, which may attract additional trade worth Rs 50,000 crore. "Notably, almost only Indian products were sold and purchased this Diwali, which is remarkable," it stated. CAIT Secretary General Praveen Khandelwal said Chinese goods lost a trade of worth more than Rs 1 lakh crore during the Diwali festive season. "In previous years, Chinese products were occupying nearly 70 per cent market of Diwali festivals. However, this year, appeal of Prime Minister Narendra Modi to make this Diwali vocal for local has gone down well and widely accepted and implemented by both traders and consumers," he said.

This season may see wedding business worth Rs 4.25 trillion in just 23 days

3.5 million weddings are expected to take place between November 23 to December 15, with a majority of people spending on average Rs 10 lakh per wedding, says a survey by traders body, Cait

Money and marriage: Financial planning advice for wedding season

A couple should talk about money before they are pronounced husband and wife

Delay in roll-out of e-commerce policy damaging domestic retail trade: CAIT

Traders' body CAIT on Wednesday flagged the "inordinate delay" in the roll-out of a national e-commerce policy and consumer protection rules, saying the delay in their implementation has provided an opportunity to certain foreign e-commerce players to damage domestic retail trade. The Confederation of All India Traders (CAIT) sent a written communication in this regard to Minister for Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal on Tuesday. In a statement on Wednesday, the traders' body expressed "utter dismay over inordinate delay in rolling out of e-commerce policy and rules under Consumer Protection Act" and equated it to a "slow poison situation" for the country's business community. In the letter to Goyal, CAIT Secretary General Praveen Khandelwal said the delay in the implementation "has caused irreparable loss to the small and medium retail traders and has resulted in deep loss of turnover in their business and thousands of .

CAIT files complaint against Flipkart, Amitabh Bachchan for 'misleading' ad

Traders' body CAIT has filed a complaint with the Ministry of Consumer Affairs against a Flipkart advertisement featuring Bollywood star Amitabh Bachchan on the upcoming Big Billion Days sale, terming the advertisement as "misleading". The Confederation of All India Traders (CAIT) in its complaint to the Central Consumer Protection Authority (CCPA) termed the advertisement "misleading" and against the country's small retailers. It has also sought withdrawal of the advertisement, according to a statement. CAIT demanded that a penalty be imposed on Flipkart as per relevant provisions of the Consumer Protection Act for "false or misleading advertisement" and imposition of a Rs 10 lakh fine on Bachchan. An email sent to Flipkart did not elicit a response. Bachchan could not be contacted for comments. "As per the definition under Section 2(47), Flipkart, acting through Amitabh Bachchan (endorser), have misled the public regarding the price at which mobile phones are being made available

How an advertisement featuring Amitabh Bachchan landed Flipkart in trouble

The Confederation of All India Traders (CAIT) wrote to Amitabh Bachchan stating that his recent ad for Flipkart spreads misinformation and hurts local businesses