TRENDING ON ONEINDIA
- NIA Officially Takes Over Probe Into Pulwama Terror Attack
- Schalke 2 Manchester City 3 — 10-Man Visitors Strike Late Through Sane & Sterling
- Tata 45X’s Teaser Video Out — Production-Spec Tata 45X To Be Unveiled At Geneva Motor Show
- Cobrapost Sting Operation: Sunny Leone & Sonu Sood Deny All The Allegations!
- Vivo V15 Pro Launched At Rs 28,990 — The Good, Bad & The X factor
- Nutrition: Blood & Marrow Transplant
- Best Places To Visit In India In March: A 2019 Must-visit Checklist
- Company Fixed Deposits In India Which Offer Yields Of Near 10%
CAIT opposed to FDI in multi-brand retail, e-commerce
The Confederation of All India Traders (CAIT) on Tuesday said it was not only opposed to 51 percent FDI in multi-brand retail, but also to 100 percent FDI in e-commerce.
The CAIT has submitted its representation to the ministries of commerce, finance and consumer affairs, it said in a release.
"The CAIT has strongly opposed not only 51 percent FDI in multi-brand retail but is also opposing 100 percent FDI in e-commerce since FDI in e-commerce is allowed only for B2B model whereas the e-portals are circumventing law and making B2C sales," it alleged.
The organisation said in its representation that FDI in retail will be creating an uneven level playing field under which the brick and mortar shops are at a disadvantageous position in comparison to big retailers enjoying FDI.