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Predatory pricing: Goyal summons Amazon, Flipkart to discuss CAIT complaint CAIT says there must be a govt audit of how e-commerce portals function, including the business done by sellers and their authenticity Current Affairs :The initiative of internet business goliaths Flipkart and Amazon India has been called by Commerce and Industry Minister Piyush Goyal for a gathering on Thursday to talk about charges against them by the Confederation of All India Traders (CAIT). The merchant body met him on Wednesday with what it said was proof of ‘profound limiting and ruthless evaluating’ by both the elements at their ongoing happy season deal. As indicated by sources, the priest had prior intended to meet Amazon India and Flipkart half a month later. Be that as it may, after a CAIT designation met Goyal with ‘confirmation’, the pastor assembled the conference on Thursday. A Delhi-based body, CAIT depicts itself as a chief agent of little and medium-size dealers. It has been a ...

India refuses to join e-commerce talks at WTO, says rules to hurt country The government believes the push for initiating negotiations on substantive obligations related to e-commerce will oblige India to permanently accept the current moratorium on imposing customs duties India won’t join the discussions on web-based business at the  World Trade Organization ( WTO ), with New Delhi pushing the draft online business arrangement back home. This comes when more extravagant countries are batting for worldwide guidelines for the division. Dialogs on the guidelines are set to begin by March. “The thought is to make rules that will fill in as the premise of any later global concurrence on web based business, which will support more extravagant countries inferable from the idea of the created market frameworks and infiltration by online firms in the retail space,” a trade division official said. The draft, brought out on Saturday, cautioned about the threats of monstrous i...