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The Confederation of All India Traders (CAIT) has in a letter to Union Minister of Commerce & Industry Piyush Goyal alleged that "alarming and unchecked violations" are being committed by several e-commerce and quick commerce companies in the country.Member of Parliament and CAIT Secretary General Praveen Khandelwal has expressed deep concern in the letter that many of these companies are continuously flouting existing legal and policy frameworks with complete impunity, undermining fair trade practices and harming the interests of small and medium traders.He has alleged that, despite the government's clear FDI guidelines and the Consumer Protection (E-Commerce) Rules, 2020, several platforms continue to operate as inventory-based models under the guise of marketplaces, indulge in predatory pricing and deep discounting, and offer preferential treatment to select sellers-actions that are in direct violation of the law, according to a CAIT statement issued on Sunday.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onquick commercetradersFDI guidelinesConsumer Protection RulesConfederation of All India TradersCAIT (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onquick commercetradersFDI guidelinesConsumer Protection RulesConfederation of All India TradersCAIT(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
