CAIT writes to PM, Alleges violation of FDI norms by e-commerce firms
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Traders' body CAIT wrote to PM Modi seeking "strong action" against e-commerce firms for alleged violation of FDI policy by them. It also sought setting up of an empowered regulatory authority to regulate and monitor the e-commerce business in India. CAIT claimed that big e-commerce companies having deep pockets are leaving no stone unturned in monopolising the e-commerce business and retail trade of India.