MUMBAI: The govt is thinking about a unmarried regulator and legislation to deal with all e-commerce-related issues within the nation, in a bid to remove the felony fragmentation recently governing the sphere, in keeping with a draft policy record noticed by Reuters.
Some of the measures suggested within the Draft National Policy Framework come with local data storage, mandating the usage of home-grown card fee network RuPay for online transactions and enhancing the participation of micro, small and medium enterprises in online retail.
India may also take steps to develop capability for storing data and incentivise its home storage, the record mentioned, adding that the e-commerce business could be given time to “adjust before localization turns into necessary”.
“The govt would have get entry to to data saved in India for national security and public policy goals subject to regulations related to privateness, consent and many others,” the draft policy mentioned.
India’s anti-trust regulator will believe converting thresholds so that mergers and acquisitions within the e-commerce sector that doubtlessly distort pageant are compulsorily examined, it mentioned.
Flipkart, recently within the process of being bought by US retail giant Walmart, Amazon’s local unit and Snapdeal, subsidized by Japan’s SoftBank, are among India’s key e-commerce corporations.
Some of the measures suggested within the Draft National Policy Framework come with local data storage, mandating the usage of home-grown card fee network RuPay for online transactions and enhancing the participation of micro, small and medium enterprises in online retail.
India may also take steps to develop capability for storing data and incentivise its home storage, the record mentioned, adding that the e-commerce business could be given time to “adjust before localization turns into necessary”.
“The govt would have get entry to to data saved in India for national security and public policy goals subject to regulations related to privateness, consent and many others,” the draft policy mentioned.
India’s anti-trust regulator will believe converting thresholds so that mergers and acquisitions within the e-commerce sector that doubtlessly distort pageant are compulsorily examined, it mentioned.
Flipkart, recently within the process of being bought by US retail giant Walmart, Amazon’s local unit and Snapdeal, subsidized by Japan’s SoftBank, are among India’s key e-commerce corporations.
Govt eyes single regulator for e-commerce sector
![Govt eyes single regulator for e-commerce sector]()
Reviewed by Kailash
on
July 31, 2018
Rating:
