New draft policy on e-commerce to fix loopholes, set general rules of biz

All issues that still favour big e-tailers will be sorted out

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A day after the government tightened norms for foreign direct investment (FDI) in e-commerce, highly placed sources said a new draft policy, to be announced in a few weeks, would plug some of the loopholes that still weigh in favour of major players such as Amazon and Flipkart.   “E-commerce firms still have deep discounting and predatory pricing on their platforms. Many also have subsidiaries via which they source most of the goods sold online. During the past one year, the department has received several complaints from trader bodies, retailers as well as ...