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Domestic traders' body CAIT on Wednesday said the foreign direct investment policy in the e-commerce sector should be enforced in letter and spirit so that global players do not violate the rules. The issue was raised by Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal at a meeting called by the Department for Promotion of Industry and Internal Trade (DPIIT) to discuss about FDI in e-commerce. The present policy, that allows 100 per cent FDI in marketplace e-commerce platforms and prohibits FDI in inventory-based model of e-commerce, is absolutely correct and ...

FDI policy in e-commerce sector should be enforced in letter and spirit: CAIT SECTIONS Last Updated: Mar 17, 2021, 08:55 PM IST Share Synopsis The present policy, that allows 100 per cent FDI in marketplace e-commerce platforms and prohibits FDI in inventory-based model of e-commerce, is absolutely correct and in line with government's intent to protect the small merchants, he said. Agencies CAIT has time and again alleged that large multinational e-commerce companies have continued to indulge in prohibited inventory-based model of e-commerce by direct and indirect control over the seller's/i...

NEW DELHI: With the outbreak of the Covid2019 pandemic, e-commerce quickly became one of the most preferred modes of shopping in the country. A survey conducted by LocalCircles revealed that safety, competitive prices and ease of returns ranked as the top reasons for shoppers to trust in e-tailers. However, there are also frequent instances of buyers getting the shorter end of

The Department for Promotion of Industry and Internal Trade (DPIIT) has convened crucial meetings to discuss the Draft e-Commerce Policy and FDI in the e-Commerce Sector.

Updated Feb 09, 2021 | 20:33 IST CAIT has time and again alleged that the e-commerce players violated the Foreign Exchange Management Act and FDI rules. Govt considering certain clarifications on FDI in e-commerce sector: Piyush Goyal  |  Photo Credit: ANI New Delhi: Amid domestic traders complaining alleged violations of FDI norms by foreign online players, Commerce and Industry Minister Piyush Goyal on Tuesday said the government is considering to come out with certain clarifications to ensure that the e-commerce sector works in the "true spirit" of the la...