Traders body demands probe of proposed Flipkart-Walmart deal
The Confederation of All India Traders (CAIT) has demanded a probe into the proposed Walmart Flipkart deal, claiming it will promote loss funding and predatory pricing in the e-commerce sector. Adding that companies like Walmart take advantage of loopholes in the FDI policy, CAIT also proposed a regulatory body saying that no such deal should be allowed until its formation.