The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

CAIT seek audience with PM before meeting with amazon chief Jeff Bejos 

by TLN Team November 22, 2019November 22, 2019
written by TLN Team November 22, 2019November 22, 2019
CAIT seek audience with PM before meeting with amazon chief Jeff Bejos 

Amid media reports that Amazon Chief Jeff Bejos is coming to India in January to meet Prime Minister Modi, the Confederation of All India Traders ( CAIT) today in a communication sent to him has urged that prior to meeting Jeff Bejos, the Prime Minister must also understand the view point and concerns of traders of the Country and for that purpose, the CAIT has sought an audience with Prime Minister Shri Narendra Modi.

In communication of Prime Minister Shri Modi, CAIT National President Mr B C Bhartia & Secretary General Praveen Khandelwal said that the current e commerce market of the Country is highly vitiated by unhealthy & unfair practices of e-commerce companies particularly Amazon & Flipkart. These companies are constantly violating FDI policy of the Government both in letter & spirit.

The CAIT has said that selling goods at a much lower price than the market value, they are causing huge GST revenue loss to the Government. Further, by registering huge losses every year these companies are escaping Income Tax obligations as well. By indulging into predatory pricing and deep discounting, these companies have created a gross uneven level playing field which is another violation of FDI policy.

Both Mr Bhartia & Mr Khandelwal said that CAIT is of the considered view that e commerce is a future mode of business and as such CAIT has already started a nationwide campaign from 1st September,2019 to connect 7 cr traders with e commerce business by creating e stores of every individual trader.

Therefore, we are much in favour of e commerce but companies like Amazon & Flipkart needs to comply with FDI policy of the Government in letter and spirit and also need to compulsory comply with tax and other laws without any attempt to adopt any mechanism to avoid the obligations of policy and the law.CAIT has submitted that either both Amazon Flipkart should be sternly ask to comply with the FDI policy or leave from India. – said Mr Bhartia & Mr. Khandelwal.

The CAIT has appreciated concerns and various steps taken by the Prime Ministe to frame & enforce policies for protection & growth of domestic trade & small industries from time to time. Non signing of RCEP, simplification of GST tax structure, formation of National Traders Welfare Board, Pension to Traders & other issues which has reposed more confidence among 7 crore traders of the Country.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Jain International school student dies while playing in school
next post
IndianOil awareness campaign on Pre-Delivery checks of LPG cylinders in Nagpur

You may also like

Open AI CEO Sam Altman announces plan to...

June 9, 2023

Myntra adds extra charge on every order to...

June 9, 2023

VIA, VPIA & NIPM organized a session on...

June 8, 2023

MAHAGENCO files caveat in HC apprehending litigation against...

June 6, 2023

VIA, VPIA &; NIPM organize a session on...

June 4, 2023

MOIL registers record May production registers growth of 43% yoy

June 1, 2023

15-year lock-in period relaxed for women property buyers...

June 1, 2023

Explore the beauty of marble with Asian Marbles:...

May 21, 2023

Vidarbha on the way for sustainable and Profitable...

May 15, 2023

Ex-ICAI Nagpur chairman Saket Bagadiya nominated for ICAI...

May 13, 2023

Trending News

  • Open AI CEO Sam Altman announces plan to invest in Indian startups

    June 9, 2023
  • A woman asks if 40LPA salary is enough to survive in India, twitteratis give hilarious answers!

    June 8, 2023
  • With 29% rise, Maharashtra attracts highest FDI

    June 7, 2023
  • Cricket fever on! Will rain spoilsport Ind vs Aus mega clash?

    June 7, 2023
  • Apple launches the thinnest MacBook Air with 18-hour battery life.

    June 6, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.