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Govt directs ED, RBI to act against Amazon, Flipkart for violation of FDI, FEMA

Govt directs ED, RBI to act against Amazon, Flipkart for violation of FDI, FEMA The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies.

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