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Three cases under probe for possible violation of FEMA: Govt

Press Trust of India  |  New Delhi 

The has initiated three investigation cases against e-commerce companies till February this year for possible violation of the (FEMA), was informed today.

"The has initiated investigations against a number of e-commerce companies during the last three years and the current year for possible contraventions of (FEMA), 1999," Commerce and Industry Minister said.

She was replying to a question in the Lok Sabha.

Four cases were initiated for investigation in 2014, while six and five in 2015 and 2016, respectively.

Till February of this calender year, three cases are being investigated under the

As per the current policy, 100 per cent foreign direct investment is permitted through automatic route in the marketplace format of e-commerce retailing.

Replying to a separate question on special economic zones, the minister said during April-December 2016-17, from SEZs stood at Rs 3.58 lakh crore.

The were Rs 4.67 lakh crore in 2015-16.

Presently, out of 331 notified zones, a total of 210 are operational.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 16:07 IST