CAIT Urges Govt To Form Regulatory Body For Ecommerce Trade
The traders' group Confederation of All Indian Traders (CAIT) requested on Friday that the government should immediately implement a comprehensive ecommerce strategy and establish a regulating body for the sector.
The CAIT restated its requirements in response to a Parliamentary panel's recommendation that participants in the digital market abstain from "anti-steering," "deep discounting," "self-referencing" and other actions that might have a negative impact on competition.
CAIT's National President B.C Bhartia and Secretary General Praveen Khandelwal said in a joint statement that traders of India have every hope from Prime Minister Narendra Modi who has always championed the cause of small businesses not only to clean the ecommerce trade of India from the vicious clutches of these companies but also to immediately release the ecommerce policy and consumer protection rules for ecommerce.
They further added that the business community of the Country is an ardent supporter and admirer of Prime Minister Narendra Modi who is always strongly advocating empowerment of local trade, ease of doing business, simplification of laws etc. but it is highly regretted that the authorities are not heading to the mandate of the Prime Minister with the result that till date though there is ecommerce trade in the Country but there is no policy or rule.
A parliamentary panel on Thursday suggested a new digital competition law, a new ex-ante regulation, and a designation of "systemically important digital intermediaries" based on their revenue, market capitalisation, and user base.
