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
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
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
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
NETWEB TECHNOLOGIES INDIA LTD.
NUMERIC INDIA, A Group Brand Legrand
PDRL - Passenger Drone Research Pvt. Ltd.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : NEERAJ MITTAL
He started his career as an IAS Officer in 1992. He has held various a...
Icons Of India : B.V.R. Subrahmanyam
A 1987 batch (Chhattisgarh cadre) Indian Administrative Service Office...
Icons Of India : CP Gurnani
Former Managing Director and CEO of the well-known IT service company ...
PARTNER SPEAKERS
PSU
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
VIDEOS
Top 25 Brands
Global Indian industry
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 ...
Indian Tech Talent Excelling The Tech World - Anirudh Devgan , President, Cadence Design
Anirudh Devgan, the Global President and CEO of Cadence Design Systems...
Indian Tech Talent Excelling The Tech World - Sundar Pichai, CEO- Alphabet Inc.
Sundar Pichai, the CEO of Google and its parent company Alphabet Inc.,...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
