Centre Directs ED, RBI To Take Action Against Etailers

Based on the complaints made by Confederation of All India Traders (CAIT), the Commerce Ministry has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against e-commerce websites. The websites include renowned etailers like Amazon and Flipkart, that are alleged to have violated several rules of FDI like policy deal, manufacturing, and Foreign Exchange Management Act, 1999 (FEMA). Besides, it accused the platforms of exploiting loopholes.