Traders decry Walmart-Flipkart deal, want it scrapped
New Delhi, July 2: Delhi traders staged a sit-in here on Monday against the proposed acquisition of Indian e-commerce company Flipkart by the international super store giant Walmart.
The traders, protesting under the lobby group Confederation of All India Traders (CAIT), denounced the deal arguing that it would create "unfair competition" and demanded that the government scrap it.
They also said a body regulating e-commerce should be established.
"The deal will create an unfair competition and uneven playing field and will indulge in predatory pricing, deep discounts and loss of funding," CAIT Secretary-General Praveen Khandelwal told IANS.
Khandelwal said similar protests were organised at about 1,000 places in several states across the country with over 10 lakh offline and online traders participating in them.
The CAIT said if their demands were not met they would decide on their future course of action at the national convention to be held from July 23-25.
In Delhi, the protest was held in Karol Bagh, a big commercial hub. Similar protests were held in Mumbai, Nagpur, Pune, Surat, Ahmedabad, Bhopal, Chennai, Hyderabad, Bengaluru, Pondicherry, Raipur, Rourkela, Ranchi, Kolkata, Lucknow, Kanpur, Allahabad, Jhansi and in other cities, the CAIT said in a press statement.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Uday Bhanu Chib appointed as new president of Indian Youth Congress
New Delhi: Uday Bhanu Chib has been appointed as the new President of the Indian Youth Congress (IYC), succeeding Srinivas BV. The appointment was made by Congress President Mallikarjun Kharge, days after a meeting between Chib and senior Congress leader Rahul Gandhi.
Chib, who previously served as the General Secretary of the IYC and President of the Jammu & Kashmir Pradesh Youth Congress, will now lead the youth wing of the Congress Party.
His appointment comes amidst the ongoing Jammu and Kashmir Assembly elections, where Chib has been actively involved. He also contributed to the party’s manifesto committee for these elections.
Congress General Secretary KC Venugopal issued a statement acknowledging the contributions of Srinivas BV and welcoming Chib to his new role.
Earlier this month, Chib participated in a roadshow alongside National Congress candidate Ajay Kumar Sadhotra, who is contesting from the Jammu North Assembly seat.
