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Updated Jan 20, 2021 | 15:28 IST
The Confederation of All India Traders (CAIT) has repeatedly complained to the government that e-commerce companies were violating FDI policy. Representational image
New Delhi: The Centre is likely introduce new foreign direct investment (FDI) rules for e-commerce companies to check entities set up by the online marketplaces from trading on their own platform.
According to a report in the
Economic Times, the Department for Promotion of Industry and Internal Trade (DPIIT) may issue a clarification through a Press Note, expressly prohibiting e-commerce platforms from holding stake in a seller, directly or indirectly.
“There are concerns that some ecommerce companies are not following the rules and hold indirect stakes in affiliates. This has come to our notice,” the publication quoted one official as saying.
Read more about Charges of having preferred sellers baseless: Amazon Lawyer to Karnataka HC on Business Standard. The High Court is hearing the petition filed by CCI for the probe against e-commerce firms Amazon and Flipkart. The matter will be heard next on January 21, 2021
Facing intense criticism worldwide amid a court case in India, WhatsApp has deferred its new data privacy policy by three months and no one will lose his
WhatsApp privacy policy may attract CCI s attention: Report
The new WhatsApp privacy policy may be viewed as an abuse of its dominant position.
WhatsApp may face some heat from the Competition Commission of India (CCI).
WhatsApp has been in the news for the past few days over its new privacy policy. The new update provides additional information on WhatsApp services and how the app processes user data. Following the announcement, the Facebook-owned app has received severe backlash from users.
The new WhatsApp privacy policy could be viewed as an abuse of its dominant position. Although there are plenty of WhatsApp alternatives that offer better privacy and features, users often find it tough to switch to other apps due to the lack of interoperability. The dominant positioning coupled with the updated privacy policy that allows metadata sharing with Facebook apps could attract the CCI’s attention, according to The Economic Times (ET).