CAIT says ecommerce firms flouting FDI norms

Traders body CAIT has said that the e-commerce companies such as Amazon, Flipkart, Snapdeal and others are continuing with their deep discount strategies despite making losses and still have no regrets. In another statement a couple of days ago, the traders' body had filed a complaint with the Commerce Ministry alleging these ecommerce companies of flouting FDI norms.