'The government has stopped our earnings due to the lockdown and must do something for our earnings to restart.'
Ever since the deal was announced of Walmart spending over $16 bn for a 77 per cent stake in Flipkart, the road to the takeover of India's biggest online marketplace has been quite bumpy
This follows the Supreme Court's refusal to give any reprieve to traders operating commercial establishments from residential premises. The court ordered authorities to resume sealing operations against such traders.
Shops and markets in Delhi opened on Thursday after a three-day trade bandh against sealing of commercial establishments.
The decision to go on strike comes as the Supreme Court-ordered sealing drive against trading activities in residential areas is set to resume from November 1.
Retailers claim online firms' predatory pricing strategy disrupting business
The government should stick to the recent clarifications released on FDI in multi-brand retail trading and not ease the conditions for foreign retailers.
Only luxury and 'sin' items could be left in highest slab. 12 and 18 per cent slabs could be merged in the future
'In the last 4, 5 years, ever since online companies started online shopping in a big way with heavy discounts, our sales are affected badly.' 'As there is no control over the way the online companies operate, they were able to destroy the domestic retail market to a great extent.'
'It has been a phenomenal effort at all levels of the government.' 'People were working 15-16 hour shifts in the central government, in the state governments, in the districts....'
The CAIT has complained to the Commerce Ministry to take action against these companies.
'The trading community will be a priority for Modi when he forms the next government.'
Cutting across party lines, chief ministers and others leaders urged the people to follow the self-imposed curfew from 7 am to 9 pm, noting that "social distancing" was key to breaking the chain of infection, as the number of coronavirus cases rose to 283 after 60 new cases were detected on Saturday, the highest so far in a day, and states like Maharashtra, Odisha and Bihar imposed partial lockdown till month end.
The final policy may be out only after formation of the new government, according to sources
The nationwide 3-day traders strike against value added tax being implemented by 21 states from April 1 evoked a mixed response on Wednesday with wholesale markets remaining closed in major cities but retailers carrying out business in many places.
The trader's association, CAIT, which has called for a 3-day nationwide strike from Wednesday, has decided to present a petition to President APJ Abdul Kalam opposing the service tax levied on traders and the proposed value added tax from April 1, 20
Seeking to allay fears of traders who have threatened to go on a nationwide strike opposing the service tax, the government on Tuesday said the liability to pay the tax is on goods transport agencies.
Smaller Singapore- and US-based venture capital funds, retail associations and trader bodies such as the CAIT and SJM are all planning to approach the government to put pressure on the commerce ministry.
Traders on Tuesday threatened to launch a nation-wide agitation to protest against imposition of service tax.
The Confederation of All India Traders on Monday demanded the withdrawal of service tax on traders and threatened to go on a nationwide agitation if the demand was not met.
The prime minister thanked the people but said it was the start of a long battle, as he urged them to follow social distancing to stop the chain of transmission of Coronavirus which has infected 360 people and claimed seven lives in India.
Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.
Many traders say that after demonetisation cash in the market has drastically reduced
The draft favoured up to 49 per cent foreign equity in inventory model in the case of 100 per cent made in India products sold through Indian management-controlled platforms with resident Indian founders/promoters.
Sellers, especially the smaller ones, are planning to go to court as well as move CCI as they fear that Walmart could bring multiple private labels in India and flood the e-commerce platform with its own products.
The complaint has been received against these online trading entities weeks after an uproar over Flipkart's massive discount sale which had raised concerns of anti-competitive practices.
Early GST rollout to help create more jobs, boost output, says IMF.
To run 24/7 establishments require infrastructure such as public transport.
Opposing a government-panel proposal to hike FDI limit in multi-brand retail, the Confederation of All India Traders (CAIT) on Wednesday said such a move will hurt interest of small traders and mostly benefit large corporates.
'The August phenomenon of decline in sales occurs every year.' 'What they have done cleverly is, using the economic slowdown as an excuse, they want a package from the government to compensate the expenditure they will incur while converting BS4 to BS6.' 'That's why they are making a hue and cry.'
Such campaigns would badly affect players in the traditional retail market.
A Delhi Police head constable, Ratan Lal, was among the nine killed in the violence that erupted on Monday over the amended citizenship law.
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
Shadow of elections may overshadow political consensus at GST Council meetings.
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