Page 3 - E-commerce Rules

Meesho becomes first horizontal e-commerce company to attain profitability

The SoftBank-backed firm saw over 1 billion orders in last 12 months; its order volumes rose by 43% and revenue by 54%

Meesho delists 5.2 million counterfeit, restricted products in six months

SoftBank-backed e-commerce firm Meesho has delisted nearly 42 lakh counterfeit and infringing product listings and 10 lakh restricted products in the past six months, the company said on Wednesday. The total deactivated products account for less than 5 per cent of the total products listed on Meesho's platform, a company official said. Meesho said its "Project Suraksha" systems has detected and blocked over 12,000 bad actor accounts from accessing the platform. "The project has yielded impressive results, with nearly 42 lakh counterfeit and infringing product listings and 10 lakh restricted products deactivated in the past six months. Since February, there has been a 80 per cent reduction in platform views for non-compliant listings, they now represent a mere 0.1 per cent of platform views," Meesho said in a statement. Meesho Founder and Chief Technology Officer Sanjeev Barnwal said the company leveraged advanced techniques in computer vision and natural language understanding to

Report violations of e-cigarette sales ban on portal: Govt to states

The Centre has asked states to report on its portal information on the availability of e-cigarettes on online shopping sites and retail shops despite a ban on it since 2019. The portal www.violation-reporting.in will help the Union Health Ministry collate information and take swift action on reported violations, an official source told PTI. The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Act (PECA) came into force in 2019. There seems to be a lack of awareness about the portal which was launched in May, an official source said, adding anyone can report violations of the PECA and the Cigarettes and Other Tobacco Products Act-2003 on the website. The communication from the Union Health Ministry to the states was issued on the same day the Centre sent notices to 15 websites selling e-cigarettes, directing them to stop advertisement and sale of the banned products. Six more websites are on the

SAIL selects mjPRO platform for project procurements, says mjunction

B2B e-commerce company mjunction on Tuesday said SAIL has selected mjPRO, its e-procurement platform, for all its project procurements. mjPRO is a cloud-based platform that comes with wide configurability and addresses key concerns of organisations such as access to new and credible suppliers, analytics and insights for decision-making, convenience of usage and integration with ERP systems, the company said without divulging commercial details. SAIL has selected mjPRO through an open tender for the implementation of an e-tendering solution for its project buys on a digital platform providing easy access to its global vendors to quote. The project is expected to go live within three months across five integrated steel plants of SAIL with connectivity with the steel major's in-house consultant, the company said. It can accommodate complex terms, multiple currencies and diverse evaluation criteria. It also provides access to registered vendors after due validation with procurement ...

We are in inter-ministerial consultation for e-comm policy: DPIIT secy

An inter-ministerial consultation is going on to frame an e-commerce policy which would help in providing a conducive environment for inclusive and harmonious growth of the sector, a top government official said. Secretary in the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh said that broadly the intention is to make the policy work along with the consumer protection rules and not in conflict with each other. The policy aims to prepare strategies for providing a conducive environment for inclusive and harmonious growth of e-commerce sector through a streamlined regulatory framework for ease of doing business, adoption of modern technologies, integration of supply chains and enhancing exports through this medium. "We are in the process of inter-ministerial consultation (to frame the policy)," Singh told PTI. He said that the consumer protection rules and this policy will be separate, but they will not be in conflict with each other and in fact th

CCPA orders 5 e-tailers, Amazon to delist car seat belt alarm stopper clips

Consumer protection regulator CCPA has directed 5 e-commerce companies, including Amazon and Flipkart, to permanently delist all car seat belt alarm stopper clips as the product stops the alarm beep when not wearing seat belts, thus compromising passengers' safety. After investigating the matter, the Central Consumer Protection Authority (CCPA) directed Amazon, Flipkart, Snapdeal, Shopclues and Meesho to "permanently' delist all car seat belt alarm stopper clips and associated motor vehicle components which compromise the safety of passengers and the public. As a result, 13,118 car seat belt alarm stopper clips have been removed from the five e-commerce platforms. While Amazon has delisted 8,095 such clips , Flipkart has delisted 4,000-5,000, Meesho 21 and Snapdeal and Shopclues one each, the regulator said in a statement. CCPA passed orders against the five e-commerce players for violation of consumer rights and unfair trade practice under the Consumer Protection Act, 2019, it ...

Mobility has kickstarted ONDC; can Pincode now drive it to new addresses?

Grocery, food currently dominate e-comm transactions; beauty, fashion could add traction

Retail trade policy will be a half-baked without an e-commerce policy: CAIT

CAIT urged the government to investigate the business module of e-commerce companies since every company is showing huge losses year on year but are still continuing with their business activities

No immunity for e-tailers over fake products sold online: Parliament panel

E-marketplaces have claimed that since inventory is not controlled by them, they should not be liable for any dispute with sellers

Reliance joins calls for govt to tighten e-commerce rules: Report

At a closed-door government meeting on Tuesday, Reliance told officials that India needed special regulations to ensure 'non-discriminatory' treatment of sellers on marketplace websites, say sources

Direct-selling companies can't promote pyramid scheme, says govt

The direct sellers as well as the direct-selling entities using e-commerce platforms for sale will also need to comply with the requirements of the Consumer Protection Rules, 2020.

FMCG distributors warn firms of 'non-co-operation', seek price parity

A financial credit note is issued by companies on schemes offered to retailers and is facilitated by distributors

E-comm sites come under CCPA lens for selling sub-standard pressure cookers

CCPA has issued notices to five e-commerce entities, including Amazon, Flipkart and PaytmMall, as well as various sellers for offering pressure cookers that are non-compliant with BIS norms.

Hackers hit over 4,000 e-commerce websites during festive sales

Hackers have hit more than 4,151 online retailers during Black Friday and Cyber Monday sales, stealing payment information and other personal information from customers

Draft e-Commerce Rules 2021: Why aren't all ministries on the same page?

There seem to be differences within the government on the draft e-commerce rules. How serious are these? Or is it just part and parcel of any robust policy-making process? Let's find out

TMS-Ep 7: India's new e-commerce rules, power challenges, Sensex at 60,000

Why aren't all ministries on the same page over new draft e-commerce rules? Is Sensex set for a correction after 60k? Who are biggest climate change drivers? Listen to this podcast to get the answers

India plan for tighter e-commerce rules faces internal govt dissent: Report

The Ministry of Finance is said to have described some proposals as 'excessive' and 'without economic rationale'

Govt to take 'balanced' approach on e-commerce rules: Consumer Affairs Sec

To protect the interest of consumers, the government has proposed key amendments to the Consumer Protection (e-commerce) Rules, 2020 which include ban on fraudulent flash sales and misselling

Govt examining public comments on draft Consumer Protection (e-comm) Rules

The consumer affairs ministry is examining stakeholders' views on all provisions of the draft Consumer Protection (e-commerce) Rules, including definition of 'related party', a govt official said

India has its own rules, we must comply with them: Walmart CEO McMillon

Says Flipkart business has now reached over 300,000 marketplace sellers and PhonePe business has more than 300 million users