<p>Small traders body Confederation of All India Traders (CAIT) has sought Finance Minister Nirmala Sitharaman to probe Rs 5 and Rs 9 stores of Walmart-backed Flipkart and Shopsy. Shopsy provides home solutions where one can buy goods starting from Rs 5 with no shipping charges.</p>.<div><div> </div><div>Flipkart is killing small traders with predatory pricing and deep discounting tactics. This is a blatant violation of FDI laws as well, said CAIT Secretary General Praveen Khandelwal.<div> </div><div>In a communication to Sitharaman, he sought to know how a small trader is expected to compete with such loss-making Rs 5 stores? How can there be a level playing field for small traders if foreign-owned e-commerce companies are allowed to get away with such disregard for laws?</div><div> </div><div>CAIT also urged the finance minister to probe into Rs5 stores of Shopsy by Flipkart.</div><div> </div><div>In his tweets Khandelwal also requested Sitharaman to waive the mandatory requirement of GST number for trade on e-commerce, saying small traders are adversely impacted and not able to take advantage of the e-commerce vertical.</div><div> </div><div>"CAIT requested FM Smt Nirmala Sitharaman for an investigation into Rs 5 stores of Shopsy by Flipkart. Flipkart killing small traders with predatory pricing and deep discounting tactics. Blatant violation of FDI laws as well,” Khandelwal tweeted.</div><div> </div><div> </div><div> <div> </div><div> </div></div></div></div>
<p>Small traders body Confederation of All India Traders (CAIT) has sought Finance Minister Nirmala Sitharaman to probe Rs 5 and Rs 9 stores of Walmart-backed Flipkart and Shopsy. Shopsy provides home solutions where one can buy goods starting from Rs 5 with no shipping charges.</p>.<div><div> </div><div>Flipkart is killing small traders with predatory pricing and deep discounting tactics. This is a blatant violation of FDI laws as well, said CAIT Secretary General Praveen Khandelwal.<div> </div><div>In a communication to Sitharaman, he sought to know how a small trader is expected to compete with such loss-making Rs 5 stores? How can there be a level playing field for small traders if foreign-owned e-commerce companies are allowed to get away with such disregard for laws?</div><div> </div><div>CAIT also urged the finance minister to probe into Rs5 stores of Shopsy by Flipkart.</div><div> </div><div>In his tweets Khandelwal also requested Sitharaman to waive the mandatory requirement of GST number for trade on e-commerce, saying small traders are adversely impacted and not able to take advantage of the e-commerce vertical.</div><div> </div><div>"CAIT requested FM Smt Nirmala Sitharaman for an investigation into Rs 5 stores of Shopsy by Flipkart. Flipkart killing small traders with predatory pricing and deep discounting tactics. Blatant violation of FDI laws as well,” Khandelwal tweeted.</div><div> </div><div> </div><div> <div> </div><div> </div></div></div></div>
