The CAIT has also urged Goyal to immediately issue a fresh Press Note replacing Press Note 2 of the FDI policy with a Monitoring mechanism to ensure that law of the land prevails…reports Asian Lite News
A day after the Karnataka High Court judgement dismissing the petition of Amazon & Flipkart, the Confederation of All India Traders (CAIT) on Saturday sent a communication to Union Commerce Minister Piyush Goyal urging him to direct the Competition Commission of India (CCI) to immediately initiate investigation proceedings against Amazon and Flipkart without any further ado.
The CAIT has also urged Goyal to immediately issue a fresh Press Note replacing Press Note 2 of the FDI policy with a Monitoring mechanism to ensure that law of the land prevails and no one should dare to violate the policy, law or the rules. The CAIT has also proposed that to bring greater transparency in e-commerce business, every company indulging into any e-commerce activity through any type of electronic mode should have to take a Registration Number from the DPIIT.
CAIT declared that traders across the Country will observe forthcoming week beginning 14th June to 21st June as ” E-Commerce Purification Week” under which thousands of trade associations of the Country , on forthcoming 16th June, will handover a memorandum in the name of Prime Minister Narendra Modi to their respective District Collectors urging the Union Government to take immediate steps to stop continued violations of the policy and the rules by Amazon, Flipkart and other similar foreign funded e-commerce companies.
The traders delegation will meet Chief Minister and Finance Minister of their respective State and will call upon that small traders must not face any backlash from e-commerce companies. The trade associations across the Country will send memorandums to Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal to protect the business community from the onslaught of e-commerce companies.
CAIT said these e-commerce companies have left no stone unturned in passing deaf ears to the repeated statements made by Goyal several times and have indulged in unethical & illegal activities by flouting the mandatory provisions of the FDI Policy in both letter & spirit. This fact has been corroborated by Delhi High Court in January 2021 in the matter of Amazon v/s Future Retail that Amazon is indulging into mal-practices and yesterday when Karnataka High Court stated in its order that “It is expected that an order directing investigation be supported by ‘some reasoning’, which the commission has fulfilled”. This observation of the Court has substantiated the fact that everything is not going well and therefore, the investigation should continue. Both the trade leaders complimented CCI for arguing the case well and stood firmly with its observations and actions.
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