Domestic retailers seek TRAI like regulator for e-commerce
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In a meeting with the Department for Promotion of Industry and Internal Trade (DPIIT) officials on Wednesday, Confederation of All India Traders (CAIT) and the Retailers Association of India (RAI) and others also sought clearly laid out penalties for those who violate the laws.
The TRAI has sought level playing field among all formats and channels of Business to Consumer (B2C) retail insisting that the rules for products should be same for all channels without any special rules or dispensation for any channel.
Domestic retailer associations have sought a regulator like the Telecom Regulatory Authority of India, and the Securities and Exchange Board of India for the e-commerce sector and pushed for a stronger version of the Press Note 2 of 2018 which stipulates that the inventory of a vendor will be deemed to be controlled by the marketplace if more than 25% of the vendor’s purchases are from th
FDI policy in e-commerce sector should be enforced in letter and spirit: CAIT
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Draft e-commerce policy could add to compliance burden of stakeholders
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DPIIT to meet trade unions, industry groups on FDI in e-commerce
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India’s new draft e-commerce policy to rein in related parties
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The move is aimed at curbing circumvention of India’s e-commerce FDI policy and anti-competitive activities by large e-commerce marketplaces like Amazon and Flipkart.
How India’s upcoming draft e-commerce policy could impact Flipkart and Amazon?
Bengaluru: The government is looking at extending restrictions placed on large ecommerce marketplaces such as Amazon and Walmart-owned Flipkart to their associates and related parties, to curb alleged circumvention of foreign direct investment (FDI) norms and anti-competitive activities by these players.
A leaked copy of the upcoming
draft e-commerce policy, which The Economic Times has reviewed, said the government will, from time to time, notify which parties fall under the definition of associates and related parties. Industry leaders said this will give rise to uncertainty.