Enforcement Directorate (ED) has offered Flipkart to settle a FEMA violation

The Enforcement Directorate (ED) has offered Flipkart a chance to settle a FEMA violation case by admitting fault and paying a penalty, which includes dismantling its seller network. Amazon India is also under scrutiny. The ED’s move may strengthen India’s trade stance with the US. Allegations cite excessive discounts between 2009–2015, before Walmart’s acquisition, while CCI probes competition violations.