Govt is studying industry comments, will take a call on making relevant changes before the rules are finalised
Amid reports to extend deadline for submission of comments on draft e-commerce rules, CAIT has described such requests as delaying tactics, said there is no need for any extension of deadline.
The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented
The government on Friday said detailed discussions are being held to finalise a national e-commerce policy, a move aimed at promoting growth of the sector
Here's a selection of Business Standard opinion pieces for the day
E-commerce rules should be stable and equitable
Here's a selection of Business Standard opinion pieces for the day
Currently, online retailers such as Amazon and Flipkart are the dominant players in this space, capturing around two-thirds of the market share, experts said
This is not the time that the government is emphasizing fair competition in the e-commerce space
The government is in the final stage of drafting the e-commerce policy and National Retail Trade policy, Union minister Som Parkash said on Wednesday
Pricing - a prime complaint of domestic retailers - is set to be the focus, with the government considering an annual review of discounts given by e-marketplaces.
The special package of incentives for the smaller format mom and pop stores is likely to be a part of the e-commerce policy being drafted by the Commerce and Industry Ministry
Representatives from different companies including Accenture, Adobe, Facebok, Genpact, Google, HCL, Infosys, Intel, Microsoft and TCS are expected to participate in the deliberations
The commerce and industry ministry has already uploaded the draft of the e-commerce policy
The ministry has to frame rules under the Consumer Protection Act, 2019, which has recently been passed by Parliament
The draft further said that e-commerce firms cannot fabricate product and consumer reviews or exaggerate the quality
The draft e-commerce policy has proposed setting up a legal and technological framework for restrictions on cross-border data flow
The draft wants data generated by users in India from various sources including e-commerce platforms, social media, search engines to be stored exclusively in India