New Delhi: While inaugurating three days National Traders Convention held by Confederation of All India Traders (CAIT) today at New Delhi Union Defence Minister Shri Rajnath Singh while appreciating the contribution of traders in national economy declared that Union Government is committed to protect the traders from onslaught of E Commerce Companies like Amazon & Flipkart who are alleged to be involved in mal practices in their business Model.
Thousands of traders from all over the Country are attending the three days Convention of CAIT.
While speaking at the Convention Mr Rajnath Singh said that he has talked to Commerce Minister Shri Piyush Goyal and said that he has instructed the Competition Commission of India to speed up the investigation against both the Companies and take necessary action . He said that whoever big may be will not be allowed under any circumstances to violate the FDI policy and law. He also said that Government is also looking at complaints of GST and Income Tax avoidance by these companies and if found guilty, the law will take its own course.
Calling traders as backbone of Indian economy , Shri Rajnath SIngh applauded the cooperation of traders in making GST a success taxation system and said that Government do understand the problems of the traders in GST and all such problems will be resolved very soon. He sought cooperation of the traders in making India a 5 trillion economy.