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Flipkart

CAIT urges DPIIT to penalise Amazon, Flipkart for alleged violations

In a letter to the DPIIT Secretary, Guruprasad Mohapatra, the traders' body said: "Our association has been requesting your good office to take appropriate steps and investigate, punish and penalize the multinational companies like Amazon and Flipkart (owned by foreign multinational company 'Walmart', interchangeably used hereinafter) for the blatant violation and/or by exploitation of the loopholes of the FDI policy and Foreign Exchange Management Act."