CCI examines CAIT complaints on discounts for online buying
Representations were also forwarded to ED, which has taken up the matter for investigation
image for illustrative purpose
New Delhi: Complaints received from domestic traders body CAIT, alleging biased practice adopted by banks in providing discounts for purchases made through e-commerce firms like Amazon and Flipkart, are being examined by CCI, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Som Parkash said the government has also received representations from the Confederation of All India Traders (CAIT) against e-commerce companies. He said 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 added. To a query 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, the minister answered in the negative. 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.
