CAIT Urges RBI to Withdraw Bank Cashback Offers on E-commerce Platforms

General
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  • Impact on Traditional Retailers
    CAIT has requested the RBI to direct banks to withdraw cashback offers on e-commerce platforms like Amazon and Flipkart, claiming these offers harm traditional retailers.

  • Suspension of Festive Sales
    CAIT is calling for the suspension of the upcoming festive sales by e-commerce giants, arguing it will further damage small businesses.

  • Antitrust Violations
    The Competition Commission of India (CCI) found Amazon and Flipkart guilty of prioritizing certain sellers, which CAIT says creates an uneven playing field for local retailers.

  • Alleged Collusion
    CAIT accuses banks of being part of a cartel with e-commerce platforms, which leads to exclusive offers that hurt brick-and-mortar stores.

  • Government Intervention
    CAIT urges the government to protect small businesses and ensure fair competition in the retail space.