Industry inputs on FDI in e-commerce to be considered before any decision on policy changes
March 15, 2021
A draft e-commerce policy proposing additional restrictions on FDI in e-commerce to check existing loopholes - istock/William Potter
A draft e-commerce policy proposing additional restrictions on FDI in e-commerce to check existing loopholes - istock/William Potter×
DPIIT to hold meetings with industry chambers, retailers bodies this week
The Centre is set to hold wide ranging industry consultations this week on possible tightening of FDI policy in e-commerce, including with chambers and retailers bodies.
“Discussions on the need to streamline the FDI policy in e-commerce to close loopholes have been taking place within the government. However, no decision on FDI in e-commerce can be taken without detailed inputs from the industry,” an official told
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CAIT demands restoration of MSME status for 8 crore traders
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Last Updated: Mar 14, 2021, 10:46 AM IST
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Synopsis
The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources, CAIT Secretary General Praveen Khandelwal said.
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In absence of supportive policies, a large chunk of business is out of formal system, Khandelwal said, adding, it is right time for the government to take decision in this regard.
NEW DELHI: The Confederation of All India Traders (CAIT) has demanded restoration of MSME status taken away in 2017 from 8 crore retail and wholesale traders who are part of the service industry.
These meetings assume significance as last month Commerce and Industry Minister Piyush Goyal had said that the government was considering coming out with certain clarifications to ensure that the e-commerce sector works in the "true spirit" of the law and rules.