The Confederation of All India Traders (CAIT), in a communication sent to Prime Minister Narendra Modi, has urged for a national policy for retail trade along with a separate ministry for internal trade. It has also suggested that foreign trade should be transferred to ministry of external affairs and ministry of commerce should be designated to look after the domestic trade. The CAIT has also suggested that MUDRA should be made an independent regulator since loans under MUDRA are yet to reach the actual beneficiary targetted under the original plan.
Agreeing that e-commerce is a promising business of future, it has called for specific guidelines and a law for governing domestic e-commerce. CAIT has suggested a mass national campaign by the government for encouraging digital payments in the country should be taken up. It says this will curb curb black money. “The CAIT in association with MasterCard and HDFC Bank has already launched a national campaign for cashless economy since last more than one year in line with your Digital India vision,” says the letter to Modi. Matt Niskanen JerseyShare This