Business Technology Trending

US proposes bill to fix Amazon’s predatory acts CAIT demanded an immediate CBI investigations

Confederation of All India Traders (CAIT) National President B.C. Bhartia and Secretary General Praveen Khandelwal demanded an immediate CBI investigation into the matter that Amazon India lawyers have bribed certain government officials. The officials have written a letter to the Union Minister, Mr. Piyush Goyal, asking for a thorough investigation by CBI and requested for an immediate investigation. Tehy have even mentioned about suspension of the e-commerce portal. In regard to this, a group of US Senators has announced plans to introduce a nondiscrimination bill that could rejig Amazon’s online marketplace.

“When dominant tech companies exclude rivals & kill competition, it hurts small businesses and can increase costs for YOU,” one of the Senators Amy Klobuchar said in a tweet on Thursday.

He further stated, “My new bipartisan legislation with Grassley will establish new rules of the road to prevent large companies from boxing out their smaller competitors”.

Amazon is also facing an inquiry by the Competition Commission of India (CCI) over alleged anti-competitive practices and a parallel inquiry by the Enforcement Directorate for violation of domestic laws.

English »