(ET)
Amid a nation-wide traders’ strike on Friday called by the Confederation of All India Traders (CAIT), the organisation submitted a memorandum to Prime Minister Narendra Modi. In response to the call for a “Bharat Trade Bandh” against the Walmart-Flipkart deal and foreign direct investment in retail, the commercial markets across the country were closed on Friday, a CAIT statement said.
The traders body submitted the memorandum and a Traders Charter to Modi urging for his intervention to stop the deal as it violates FDI Policy Press Note Number 3 of 2016 of the government, CAIT Secretary General Praveen Khandelwal said in a statement. It urged Modi to constitute a high level committee under the chairmanship of a senior Union Minister and comprising officials and trade representatives to look into the matter.
