India to come out with a E-commerce policy framework in 6 months

India will come out with a framework for a national policy on e-commerce in the next six months to deal with issues including competition, regulation, data privacy, taxation and technical aspects such as localisation of servers and technology transfer.
The government decided on Tuesday to set up a task force to finalise the contours of a policy for the e-commerce sector, commerce secretary Rita Teaotia said.
“Issues related to e-commerce including taxation, infrastructure, investments, technology transfer, data protection, regulations and competition were discussed... The objective is to come out with a framework for an e-commerce policy,” Teaotia said. 
The decision to set up a task force was taken during the first meeting of the think-tank on the framework for a National Policy on E-Commerce. The think-tank is chaired by commerce and industry minister Suresh Prabhu.
“The taskforce will come out with a set of recommendations, which would be brought before the thinktank in five months,” Teaotia said. 
The think-tank will give its report in the sixth month, she said. She said the policy is important in view of issues faced by the domestic industry and to help India articulate its stand on e-commerce at the World Trade Organization. While India is participating in the technical negotiations on the issues at the WTO, it has opposed taking any rule-making and commitments on the matter.
The issue of regulation and competition in the e-commerce sector came up prominently in the meeting. Most companies said a regulator is needed, especially because big players are abusing their dominance by burning cash.
The think-tank includes officials from the ministries of commerce, finance, home affairs, corporate affairs and electronics & information technology, besides representatives from telecom, IT and e-commerce companies Bharti Enterprises, Reliance Jio Infocomm, Tata Consultancy Services, Wipro, Ola, Snapdeal, Makemytrip, Urban Clap, Justdial, PepperFry and Practo.
“One e-tailer sought a level playing field with foreign counterparts in order to protect offline sellers selling through its website,” said an official present at the meeting. The issue of deep discounts was also raised by some companies. “Most players were in favour of light-touch regulation, not a heavy-handed mandate. However, the idea of complete deregulation didn’t find many takers,” said another official who attended the meeting.

Trending News

Xiaomi pumps Rs 3,500 crore into India business

BlackBuck's out to raise $150M in new round, valuation likely to jump to $800 M

With $21 Billion, Azim Premji among world’s top philanthropists

Google agreed on a $45M exit package for India-origin exec accused of sex abuse

HSBC pegs Zomato's valuation at $3.6 billion ahead of Swiggy

PayU in talks to acquire online payments firm Wibmo for $60M

Quikr close to acquiring refurbished goods marketplace Zefo in all-stock deal

What life looks like after a layoff from an IT company

General Atlantic & Tencent pump in another Rs 80 Cr in ed-tech unicorn Byju's

US Senator Warren vows to break up Amazon, Facebook, Google

SoftBank extends tech reach with $5B Latin American fund

Coverfox hits the market to raise $50M in new financing round

Cognizant faces US lawsuit alleging discrimination

China's Huawei sues US over federal ban on using its products

Germany's Delivery Hero acquires Zomato's UAE biz, invests in India ops

Ahead of deadline, debate rages on e-commerce policy

Flipkart rejigs reporting of Myntra-Jabong head Amar Nagaram

Grofers raises fresh funds from existing investors, valuation hits $425M

Sachin Bansal invests Rs 250 Cr each in NBFCs Altico & IndoStar: Report

I-bank Wolet files $800k suit over Flipkart’s Upstream buy

Flipkart FY18 revenue up 50%, but losses grow 5x

Pine Labs in talks to acquire Amazon-backed Qwikcilver for $100M

India can become 2nd largest 5G market in 10 years: Huawei

Alibaba rival Pinduoduo seeks to raise $1.5B

Twitter Q4 revenue grows to $909M as video ad sales surge

Mukesh Ambani to invest $1.4B in West Bengal, will help e-commerce expansion

Etail may lose Rs 40,000 crore, retail to get a 3rd of it

Steadview Capital invests $74M in Ola valuing it at around $6B

Byju’s ups revenue to Rs 490 cr in FY 18, losses drop by half

Agritech startups Sabziwala and LivLush merge their business under new entity Kamatan

Avail Finance lands $17.2M from Matrix Partners & Ola, Freecharge and Flipkart founders

RBI suggests tax sops, self-regulation to build fintech space

Swiggy hires new CEO for its Access Service, gets new CFO

Logistics company Delhivery registers 44% increase in FY17 revenues

WeWork to acquire one of the oldest social networks, Meetup

Qualcomm rejects Broadcom's $103 billion offer

EasyRewardz gets $2 million Series-A funding

'Anemic' iPhone 8 demand drags Apple shares lower

Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

On festive sales, Flipkart says 65% clients from Tier-II cities