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

In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned Flipkart.

from Tech-Economic Times https://ift.tt/2WZIy2I
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