CAIT news and archive

CAIT wants govt. to set up watchdog to regulate offline, online retailers

The Confederation of All India Traders (CAIT) has urged the government to set up a proper watchdog which will regulate both offline and online retailers and oversee any violation of foreign direct investment (FDI) rules governing the country’s retail trade. At a meeting with commerce and industry minister Nirmala Sitharaman, CAIT complained...

Retail

CAIT wants a regulatory body to rope in e-com players

Traders’ body, Confederation of All India Traders (CAIT), demanded formation of a Regulatory Authority for India’s online retail market. It has alleged that e-commerce firms are openly flouting norms which were laid down under foreign direct investment (FDI) policy. A joint statement by CAIT president B C Bhartia and secretary general Praveen...

Retail

Diwali sales cheer brick and mortar retailers as well

While ecom majors are bullish about their sales numbers, ‘brick and mortar’ retailers too are looking to double-digit growth in this period. As Kumar Rajagopalan, Chief Executive, Retailers Association of India (RAI) points out, eastern India witnessed around 15 percent rise in retail sales around Dusshera and it believes that during Diwali the...

Business

Finmin seeks industry views on GST provisions

The union finance ministry has asked for views of Indian industry on provisions in the Goods and Services Tax (GST) regarding place of supply (PoS) rules in five sectors, including ecommerce and banking. Speaking to the reporters, a finance ministry official said that industry associations have been asked to give their views on the transitional...

Business

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...

Retail

Amazon’s ‘Great Indian Festive Sale’ to kick-off from October 13

The festival of Diwali is just around the corner and leading ecommerce players are ready with their deals and offers to woo customers. After Flipkart announced dates of its ‘Big Billion Sale’ event, India arm of American retail giant Amazon has announced its ‘Great Indian Festive Sale’ from October 13 to 17, 2015. The five-day sale by Amazon.in...

Business

Govt has no plans to bring FDI in ecommerce retail

The NDA government has informed the Parliament that it has no plans to bring in foreign direct investment (FDI) in e-commerce. “No such proposal is under the consideration of the government,” Commerce and Industry Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha. "The term 'e-commerce retail' has not been defined in the...

Business

CAIT to strongly oppose every move to bring FDI in retail

As Narendra Modi-led NDA government decides on allowing 51 percent FDI in multi brand retail, the Confederation of All India Traders (CAIT) has appealed to the government to stick to its election manifesto. The BJP in its election promise had expressed its opposition to the foreign investment policy. The CAIT has also demanded suspension of any...

Apparel

CAIT opposes FDI in e-commerce retail

After the Indian IT industry body Nasscom gave a green signal in favour of FDI in e-commerce retail sector asking the government to make some amount of local sourcing mandatory, the Confederation of All India Traders (CAIT) has expressed strong criticism against FDI in e-commerce retail. It has threatened to launch an all India agitation saying...