Traders to Op­pose Move

The Economic Times - - Companies - Our Bureau

New Delhi: Traders across the coun­try will launch an ag­gres­sive na­tion­wide ag­i­ta­tion against the gov­ern­ment’s move to al­low 100% FDI in ecom­merce at a three day na­tional trader’s con­clave in Delhi. “FDI is avail­able ei­ther through pri­vate eq­uity or ven­ture cap­i­tal which does not carry any in­ter­est. If it is plain fund­ing even then in west­ern coun­tries, the funds are made avail­able at an in­ter­est rate of 0.75% to 3% whereas in our coun­try the min­i­mum in­ter­est rate is 12%,” said Praveen Khandelwal, na­tional sec­re­tary general of Con­fed­er­a­tion of All In­dia Traders.

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