Friday, Apr 26 2024 | Time 03:55 Hrs(IST)
image
Business EconomyPosted at: Nov 15 2018 6:46PM


CAIT demands govt to launch e-commerce portal for small traders

New Delhi, Nov 15 (UNI) The Confederation of All India Traders (CAIT) on Thursday demanded that the Union Government set up an e-commerce portal exclusively for small businesses since the existing portals have failed to provide equal opportunities and level playing field to small traders.
The CAIT also demanded early announcement of an E-Commerce policy and formation of a regulatory authority for e-commerce business in India.
In a communication sent to Union Commerce Minister Suresh Prabhu, the CAIT said e-commerce business in India is highly vitiated and has been gripped by few big online companies who are indulging into predatory pricing, deep discounting and loss funding much against the spirit of FDI policy of the government.
CAIT national president B C Bhartia and Secretary General Praveen Khandelwal said in spite of making several complaints against such companies no action has been taken so far which has encouraged these companies to flout the policy quite openly by inserting big advertisements on both electronic and print media luring the consumers directly even though they cannot conduct B2C business.
These companies have created an uneven level playing field and are influencing the prices in the market. Except few of their own outfits, the sellers registered on their platform do not get fair and equal opportunity of selling their goods on respective e-commerce platforms. They are giving preferential treatment to few of the sellers, they added.
UNI SW SHK1845
Please log in to get detailed story.
Tags: #CAIT demands govt to launch e-commerce portal for small traders
More News

Arun Alagappan appointed as Executive Chairman of Coromandel International

25 Apr 2024 | 7:41 PM

Hyderabad, April 25 (UNI) Arun Alagappan has been appointed as Executive Chairman of Coromandel International Limited (CIL).

see more..

Tech Mahindra net at Rs 661 crore in Q4; Company gives dividend of Rs 28 per share

25 Apr 2024 | 7:28 PM

New Delhi, April 25 (UNI) Mahindra Group company Tech Mahindra, a technology consulting and digital solutions provider, on Thursday reported about 41 per cent decline in net profit at Rs 661 crore year-on-year basis for the fourth quarter ended March 31, 2024.

see more..

Kottayam-Kochi Rubber Market Rates

25 Apr 2024 | 7:26 PM

Kottayam, April 25 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Indusind Bank net up 15 pc in Q4

Indusind Bank net up 15 pc in Q4

25 Apr 2024 | 7:10 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported a 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023–24, compared to Rs 2,043 crore in the same quarter in 2022–23.

see more..

25 Apr 2024 | 6:53 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023-24 compared to Rs 2,043 crore in the same quarter in 2022-23.

see more..
image