- Tag results for Confederation of All India Traders
A trade body today strongly opposed the Centre's decision to allow 100 per cent foreign direct investment (FDI) in single brand retail through the automatic route.
A national policy for retail trade to bring all verticals, including small business, big retail, e-commerce and direct selling would be formulated.
In a statement, the Confederation of All India Traders said in the wake of current situation where traders are a depressed lot, such relief were much awaited.
Software major Infosys has been caught in the crossfire as traders’ anger over teething problems in the goods and services tax (GST) regime continues.
In a communication sent to Rajnath Singh, the CAIT asserted that firecracker traders in Delhi incurred huge losses.
CAIT wrote to Union Commerce Minister Suresh Prabhu in this regard, claiming that the companies were indulging in a "blatant violation" of the FDI policy.
The traders’ body also sought removal of the requirement for banks to report electronic transactions and make consumers fearless to go for cashless economy.
Traders body CAIT said that the proposed bill should also adequately address the long-standing problem of misleading and celebrity-driven endorsements.