CAIT asks govt to probe 16 e-commerce portals over losses

The Confederation of All India Traders (CAIT) asked Commerce Minister Piyush Goyal to probe 16 online businesses operating in India, including Amazon and Zomato, among others. CAIT asked the government to look into their alleged unhealthy business practices leading to huge losses. It further asked to probe their foreign funding, cash-burn practices and alleged avoidance of GST.