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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

Regulatory authority in e-comm needed for protecting small players: CAIT

The e-commerce industry needs regulation to provide a level-playing field for small businesses, traders' body CAIT said on Tuesday. Confederation of All India Traders Secretary General Praveen Khandelwal said that the "same set of 5-6 companies" are top sellers on prominent e-commerce platforms which leaves no scope for small businesses to grow. "There has to be a regulatory authority...like SEBI for share market, and for telecom industry...to regulate and monitor e-commerce and we are going to request the government (for the same)," he said. Speaking at a Meesho event for MSMEs, he also said that the government is likely to roll out a robust e-commerce policy against unethical business practices and foreign direct investment (FDI) violations by the end of the month. The proposed national e-commerce policy of 2019 by the commerce and industry ministry is said to be in the final stages, with the e-commerce policy aiming to prepare strategies for inclusive and harmonious growth of th

Piyush Goyal meet e-commerce firms, CAIT to discuss online retail issues

Commerce and Industry Minister Piyush Goyal on Wednesday held a detailed discussion with representatives of e-commerce firms and domestic traders body CAIT on issues related to the sector, including the proposed policy, an official said. Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal, who attended the meeting, said that it was indicated in that the national e-commerce policy would be released by the government in the coming months. He also said that all the stakeholders agreed to implement and follow the policy in letter and spirit. "A unanimity is arrived between all stakeholders about basic pillars of e-commerce policy and rules," Khandelwal said. He also asked to constitute a regulatory authority to monitor and regulate e-commerce trade in India. He added that representatives from different companies, including Amazon, Flipkart, Tata CLiQ, Reliance Retail, Zomato, Swiggy and Meesho, participated in the deliberations. Senior officials from the ..

CAIT and WhatsApp to digitally train and upskill 10 million local traders

The partnership's goal is to localize digitization efforts to unleash growth opportunities for businesses with hyper-local digital trainings in 11 Indian languages across all 29 Indian states

CAIT, Meta's 'WhatsApp se Wyapaar' to digitise 1 cr local businesses

The Confederation of All India Traders (CAIT) on Monday announced the expansion of its WhatsApp Se Wyapaar' programme for digitally upskilling 1 crore local traders on the WhatsApp Business App. Scaling the training programme from 10 lakh traders in 17 states to 1 crore traders across all Indian states, the training is available in 11 Indian languages - English, Hindi, Bangla, Punjabi, Telugu, Marathi, Tamil, Urdu, Gujarati, Kannada and Malayalam, according to a joint statement by Meta and CAIT. Traders will be equipped with the use of features like Catalog, Quick Replies and Click to WhatsApp Ads to digitise their storefront via the WhatsApp Business application, the statement added. Nick Clegg, President of Global Affairs at Meta said, We want to keep helping entrepreneurs and small businesses to make the most of the opportunities ahead and continue to be at the heart of India's Techade. CAIT has a network of around 40,000 trade associations and 80 million traders across ...

On GST anniversary, CAIT calls for fresh review of indirect tax regime

Traders' body CAIT on Saturday called for a fresh review of GST and said a special task force should be constituted to suggest ways to reduce multiplicity of laws and regulations on traders under the indirect tax system. The Confederation of All India Traders (CAIT) described the completion of six years of implementation of GST in the country as a landmark success. The GST regime came into effect from July 1, 2017. However, it said much more needs to be done to make Goods and Services Tax (GST) a simplified and rationalised tax system. CAIT Secretary General Praveen Khandelwal said that the GST tax system should be made stable and more simplified by removing the current existing anomalies. "For this, a special task force should be constituted, in which besides senior government officials, representatives of businessmen and industry should be included. While this task force will on one hand give suggestions to rationalize the GST tax system and reduce multiplicity of laws and ...

Monitoring Committee on sealing should be disbanded by the court: CAIT

The trade leaders also called on the Chief Minister of Delhi and the Mayor of the Municipal Corporation to promptly address the matter and take the necessary steps

India Post to onboard ONDC; inks MoU with CAIT, Tripta Technologies

India Post on Tuesday inked a pact with the Confederation of All India Traders (CAIT) and Tripta Technologies for providing logistics support to small traders, and outlined plans to onboard the ONDC platform as a logistics service provider. India Post signed an MoU with the Confederation of All India Traders (CAIT) and Tripta Technologies in the presence of Minister of State for Communications Devusinh Chauhan on Tuesday. The pact facilitates the operationalisation of the 'Bharat EMart' portal, which will provide the facility of pick-up of consignments from the premises of traders and ensure delivery at the doorsteps of the consignees across the country. An estimated eight crore traders associated with CAIT will be benefitted from the agreement, an official release said. India Post in the recent past has entered into similar agreements with the Government e-Marketplace (GeM) and Regional Centers of Tribal Cooperative Marketing Development Federation of India Limited (TRIFED) to ...

Traders' body CAIT makes a case for lowering GST rate on beverages from 28%

Traders' body CAIT on Monday made a case for lowering the GST rate on beverages from 28 per cent, which comes to 40 per cent after inclusion of cess, arguing that it blocks the working capital of small retailers. The Confederation of All India Traders (CAIT) urged the union finance minister to consider reducing GST rate on beverages and suggested that India should move to a Sugar Based Tax (SBT) system keeping the tax slabs proportional to the sugar in products, which means, higher the sugar in products, higher the tax. "For beverages that are in the low and no sugar category, this will reduce taxes, opening up capital for the retailers to make more purchases, increase sales and double their incomes. This also benefits the common man significantly, by reducing their household costs at the same time," CAIT stated. The traders' body said it will launch a campaign among stakeholders and citizens to forge an alliance with other verticals of the economy like farmers, transporters, SMEs,

Retail trade policy will be a half-baked without an e-commerce policy: CAIT

CAIT urged the government to investigate the business module of e-commerce companies since every company is showing huge losses year on year but are still continuing with their business activities

CAIT urges govt for amnesty scheme under Master Plan of Delhi-2041

Traders' body, Confederation of All India Traders (CAIT) has sought the attention of the Urban Affairs Minister urging an Amnesty Scheme under Master Plan of Delhi-2041

CAIT urges union FM on financial support for small traders in Budget

Traders' body, the Confederation of All India Traders (CAIT) has urged the Union Finance Minister for financial support policies for small traders in the upcoming Budget

Over 7 mn weddings likely in next 6 months, Rs 13-trn expenditure estimated

During November-December last year, 32 lakh marriages were solemnised all over the country with an expenditure of Rs 3.75 trillion

Important to put curbs on cross-border data flow: CAIT writes to minister

The proposed legislation should also clarify that in the event of conflicts with sectoral rules and regulations

CAIT upbeat about consumer spending in upcoming Diwali festive season

"The expected growth in business among cities will not be restricted to cities alone but traders in small towns and rural areas will also witness growth," it said.

Traders body CAIT seeks withdrawal of GST on pre-packed food items

Traders body CAIT on Wednesday demanded the rollback of the 5 per cent GST on pre-packed and labelled food items, saying the decision has put an "unnecessary burden" on public

Metro AG: In deal season, German cash & carry chain feels the heat in India

The low-profile German cash & carry chain is suddenly finding itself at the centre of controversy as negotiations for the sale of its India business get underway

KKR India advisor, TCS CEO among 29 members inducted in Board of Trade

The Board, chaired by commerce and industry minister Piyush Goyal, advises the government on policy measures to improve the country's foreign trade