Trade body demands formation of regulatory authority for e-commerce

While welcoming the recent move of the Government to tighten the nose of major e commerce players, the Confederation of All India Traders (CAIT) has now demanded immediate formation of an empowered regulatory authority to monitor and regulate the e-commerce business in the country.

“A regulator with proper enforcement powers would ensure that the said policy is strictly implemented. Further, declaration of a comprehensive e commerce policy is also needed to check the working and modalities of e- commerce companies. We have seen in the past that exclusivity, preferential treatment, predatory pricing, deep discounting and loss funding was the major policy of e commerce players with their sole aim to control and dominate the entire landscape of Indian retail trade which was proving much detrimental to both local online and offline traders,” Secretary General of CAIT  Praveen Khandelwal commented.

Spread the love

Related posts

Leave a Comment