Diabytes
Confederation of All India Traders News
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The CAIT representatives expected festive sales of over 4 lakh crore due to the extended period of the festival this year which will be celebrated from August 19 to November 15 on the day of Tulsi Vivah.
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CAIT alleged that Shopee violated the Competition Act.
CAIT Chairman Praveen Khandelwal said that Shopee is offering hefty discounts.
Shopee offers products on its website at Re 1, Rs 9, Rs 49 etc.
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The accused were operating the racket through a leading e-commerce firm, which received two-thirds of the profits generated, as per the official.
Evidence is being collected to see if it could be prosecuted for providing a platform for such drug transactions, the official added.
It is a serious threat to the security of the country in view of the fact that likewise even illegal arms or other illegal activities can also be conducted, CAIT added.
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The robust sales gave China an expected loss of Rs 40,000 crore.
"People didn't purchase anything in the last eight months except essentials. Hence people had enough surplus money, and a portion was spent on Diwali festivities," said CAIT.
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The announcement comes in the wake of the recent attack on Indian troops by the Chinese military.
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The association has decided to boycott Chinese Goods which are being used in hotels and restaurants.
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The Confederation of All India Traders (CAIT) on Wednesday (June 17) appealed to film and cricket stars to shy away from endorsing Chinese goods in the wake of China's attack on Indian soldiers in the Galwan Valley of eastern Ladakh.
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The campaign titled "Indian Goods- Our Pride" aims to achieve reduction in imports of Chinese manufactured goods by 1 lakh crore (USD 13bn) by December 2021, CAIT said.
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CAIT in its letter said that these online portals are indulging into predatory pricing and deep discounting and are openly flouting FDI norms.
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In a statement, CAIT said the secretary told it that the government has tried its best to understand the ground realities of retail trade and accordingly, a policy is being designed to relieve traders from hardships and engage them in a better way to grow their respective business in a structured manner.
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Confederation of All India Traders (CAIT) also suggested reviewing items placed under different tax slabs under GST as many of the products are overlapping.
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In view of the bandh call, commercial markets will remain closed and there will be no business activity.
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In its second letter to Prabhu, the traders' lobby referred to Walmart as "the US version of The East India Company", and also asked for a thorough investigation of the Walmart-Flipkart deal.
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Traders call for complete shutdown to oppose Delhi sealing. Top big markets in Delhi to remain closed. Big rally at Ramlila Maidan on March 28. Watch this video for more information.
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Shops in the city are to reopen on Sunday after a two-day "successful" shutdown called by the Confederation of All India Traders (CAIT) in protest against the sealing drive.
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Traders in Delhi have called for a two-day bandh starting Friday to protest against the ongoing sealing drive in the national capital. It is expected that at least 8 lakh shops and a large number of factories would remain closed as part of the strike.
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Delhi Chief Minister said on Thursday that the "harassment" of city's traders through the ongoing sealing drive should be stopped.
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