Govt considering single regulator for a better e-commerce sector: Report

The federal government has indicated it aims to remove the legal fragmentation governing the e-commerce sector, according to the Draft National Policy Framework on e-commerce

startup, startups, start, start-up, start-ups
Photo: Shutterstock
Reuters MUMBAI
Last Updated : Jul 30 2018 | 2:20 PM IST

India is mulling a single legislation to address all aspects of e-commerce regulation, and it is also exploring the idea of setting up a single regulator to consider all sector-related issues, according to a draft policy document seen by Reuters.

The federal government has indicated it aims to remove the legal fragmentation governing the e-commerce sector, according to the Draft National Policy Framework on e-commerce.

Some of the measures suggested in the draft include local data storage, mandating the use of state-run RuPay payments in online transactions and enhancing the participation of micro, small and medium enterprises in online retail.

 

 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 30 2018 | 2:20 PM IST

Next Story