CAIT demands scrutiny of Flipkartwalmart deal

NEW DELHI: Traders’ body CAIT on Sunday demanded scrutiny of the proposed $12-billion Flipkart-walmart deal, claiming that it will promote loss funding and predatory pricing in e-commerce sector. It is really unfortunate that in spite of having a clear FDI policy, foreign firms are finding an escape route, whether it is in retail or e-commerce, Confederation of All India Traders (CAIT) said in a statement. The traders’ body took a strong objection to the Walmart-flipkart deal and demanded that the government form a regulatory authority for e-commerce and till the authority is formed, no such deal should be allowed.