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30/07/2018 03:27pm

CAIT announces to launch nationwide protest against Walmart-Flipkart deal, demonstrate at ED and RBI offices

image CAIT announces to launch nationwide protest against Walmart-Flipkart deal, demonstrate at ED and RBI offices

New Delhi, July 30 (KNN) The apex body for traders, Confederation of All India Traders (CAIT) have threatened to launch a nation-wide protest against USD 16 billion Walmart-Flipkart deal and hold demonstrations at the offices of the ED and RBI.

Earlier this week, Suresh Prabhu said the ministry has asked the Enforcement Directorate to look into the complaints.

"Since the Union Commerce Minister while addressing the traders at the Convention informed that complaint against the deal (between Walmart and Flipkart) and e-commerce companies have been sent to ED and RBI, the CAIT has decided to organize countrywide demonstrations at the offices of ED and RBI demanding expeditious enquiry in to the complaints," CAIT said in a statement on Sunday.

CAIT further said it had earlier urged the Competition Commission of India to not pass any order without hearing the submission of the traders' body, which has already filed its objections before CCI.

CAIT Secretary General Praveen Khandelwal said he will raise this serious issue at the meeting of the think-tank on e-commerce policy underway in the national capital today.

CAIT demanded that the government scrap the deal and immediately formulate a policy on e-commerce as well as constitute a regulatory authority to monitor the sector.

"If this issue is not addressed immediately, the traders of the country will be compelled to launch a nationwide movement against the deal and the e-commerce companies which are indulging in predatory pricing, deep discounting, loss funding and other malpractices," it added. (KNN Bureau)

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