CAIT complaints about discounts offered on online purchase, examined by CCI
By MYBRANDBOOK
The traders body, CAIT has lodged complaints that biased practice has been adopted by banks in providing discounts for purchases made through e-commerce platforms. The complaints are being examined by CCI.
Som Parkash, Minister of State for Commerce and Industry, in a written reply to the Rajya Sabha said that the government has also received representations from the Confederation of All India Traders (CAIT) against e-commerce companies. He added that those representations were forwarded to the Enforcement Directorate, which has taken up the matter for investigation.
'Complaints received from CAIT, alleging biased practice adopted by banks in providing cash backs and discounts for purchases made through e-commerce websites, such as Amazon and Flipkart, are being examined by Competition Commission of India (CCI) as well,' he said.
The minister answered in negative while answering a question on whether ED or RBI has initiated a probe into the alleged violation of Foreign Direct Investment policy and FEMA in the deal between Flipkart and Aditya Birla Fashion and Retail
In a separate reply, he said a report on Review of Notorious Markets for Counterfeiting and Piracy (the Notorious Markets List) was released by US Trade Representative on January 14 this year, which aims towards addressing concerns of American companies and consumers.
'The Government of India, is under no obligation to take action on such reports and maintains that India has a strong legal and judicial system, to counter such threats of counterfeiting and piracy,' he added.
He said several initiatives have been taken up for strengthening enforcement against counterfeiting and for creating strong legal deterrence.
'To counter online piracy, CIPAM (Cell for Intellectual Property Promotion and Management ) collaborated with National Internet Exchange of India (NIXI) and Maharashtra Cyber and Digital Crime Unit, to suspend over 380 infringing websites on the basis of incomplete KYC,' he said.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
Acer addresses evolving customer needs by consistently pushing
Acer offers a comprehensive range of products under one roof, including des
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
FIRE BOLTT
TATA CONSULTANCY SERVICES
AMARA RAJA POWER SYSTEMS LTD.
BPE INDIA PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Girish Mathrubootham
Girish Mathrubootham is the Founder of Freshworks (previously known ...
Icons Of India : Puneet Chandok
Puneet Chandok is President, Microsoft India & South Asia and is respo...
Icons Of India : ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan, an Indian business executive and administrator, ...
PARTNER SPEAKERS
PSU
IFFCO - Indian Farmers Fertiliser Cooperative
IFFCO operates as a cooperative society owned and controlled by its fa...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
C-DAC - Centre for Development of Advanced Computing
C-DAC is uniquely positioned in the field of advanced computing...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Satya Nadella, Chairman & CEO- Microsoft
Satya Nadella, the Chairman and CEO of Microsoft, recently emphasized ...
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
