CAIT accuses Amazon of violating FDI, FEMA norms
The Confederation of All India Traders (CAIT) has accused Amazon of violating norms of the FDI policy and the Foreign Exchange Management Act (FEMA). It said Amazon's investments in Future Coupons, More Retail and Amazon India were in violation of the FEMA rules. CAIT wrote to Union Minister Piyush Goyal demanding "immediate strict action" against Amazon for violating the law.