Sunday, January 17, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

DIPP to release Final E-Commerce Policy soon

Srikanth by Srikanth
February 1, 2019
in Startup news
Reading Time: 3min read
A A
0
DIPP to release Final E-Commerce Policy soon
9
SHARES
131
VIEWS
Share on FacebookShare on Twitter

The Department of Industrial Policy and Promotion(DIPP) is expected to release the final e-commerce policy nearly, according to the report by Suresh Prabhu, the minister of commerce and industry and civil aviation on 30th January. This was marked during an event organised by the Federation of Gujarat Industries. He also notified regarding the central government who will listen to the suggestions made by the World Health Organisation and also, that the e-commerce policy guidelines will further be upheld by the government.

To improve the functioning and involvement of the local business in INDIA, the minister also brought the idea that the government is looking to introduce sub-national, ease of doing business parameters that would be measured by the government reforms at the district level, to the people’s notice. the orderly announcement was made a day before the changes brought into account in the FDI Policy, as the e-commerce were set to come into effect from 1 February, 2019. Industry stakeholders initially drafted the e-commerce policy that was publicly announced and officially upheld in August 2018 by the ministry of Commerce and Industry.

The draft formulated by the industry stakeholders, somehow, was stalled because of the inter ministerial differences as many departments and ministries estimated the thought of the consultations to exceed the commerce department’s brief. For clarifying the forth coming issues, the central government had to set up a panel including secretaries across department and ministries led by DIPP secretary Ramesh Abhishek. After a month, the commerce policy was handed to the the department by the government, maintaining the conceptualisation of the heading and growing agenda. Some of the modified strengthened changes according to the draft policy are:
• Up to 49% foreign direct investment (FDI) may be allowed in inventory-based ecommerce companies with a condition that they sell products which are 100% made in India
• The e-tailers are prohibited from giving deep discounts through their in-house companies listed as sellers
• Under this policy, the online sale of made in India goods will be promoted  by allowing a limited inventory-based B2C model
• Launch of Central Consumer Protection Authority (CCPA) for protection of consumer interests
• It also suggests giving more control and power to the founders of ecommerce companies than the investors

The new e-commerce policy is also excepted to have a provision for sector regulator that would lend a hand in boosting the sector, promoting exports and ensuring smart actions. The new e-commerce policy specifically aims at promoting the domestic players and ensuring a level playing field and also aims at developing the manufacturing sector, promote foreign technology transfer and consuming foreign investments.

ADVERTISEMENT

Seeing the sudden growing variations in the e-commerce policy, the US-India Strategic Partnership Forum (USISPF), on December 2018, claimed that the new e-commerce rules are regressive in nature and could also potentially harm the users. Adding further, the US- India trade lobby also marked that the sudden neoteric rules could also create unpredictability and can have a negative impact on the growth of the online retail market in the nation.

The new e-commerce rules might also largely influence companies such as Flipkart and Amazon India which are shouldered by the US-based Walmart and Amazon. While, e-commerce sector is estimated to enhance the revenue of $120 Bn (INR 8.5 Lakh Cr) by 2020, foreign companies are looking to ease their business in India marking a sense of another major step. Also, recently, an unreleased PricewaterhouseCoopers (PwC) study stated that e-commerce sector in the nation might suffer a $45.2 Bn (INR 3.2 Lakh Cr) loss in sales by 2022 because of the changes in FDI circular reflected in the new e-commerce policy, Although, the etailers have expressed their concerns regarding the e-commerce policy, yet, the traditional Indian retail sector is overwhelmed with these new measurements.

Tags: eCommerce
Share4Tweet2Share1Pin1
Srikanth

Srikanth

Passionate Tech Blogger on Emerging Technologies, which brings revolutionary changes to the People life.., Interested to explore latest Gadgets, Saas Programs

Related Posts

How Cloud Computing reshapes businesses?
Startup news

Siply raises $1 million in Seed Round led by Inflection Point Ventures

January 12, 2021
HobSpace raises 1cr in Pre Series A1 from Inflection Point Ventures
Startup news

HobSpace raises 1cr in Pre Series A1 from Inflection Point Ventures

January 7, 2021
qZense, an agritech start-up secures INR 4.5 Cr seed investment
Startup news

qZense, an agritech start-up secures INR 4.5 Cr seed investment

December 30, 2020
The One-Stop Relocation Platform – HappyLocate
Startup news

The One-Stop Relocation Platform – HappyLocate

December 29, 2020
Bancolombia Chooses SunTec’s SaaS for Enterprise Pricing Solution
Startup news

SunTec Names Top Trends for Banking and Financial Sector in 2021

December 29, 2020
Trading 2020
Startup news

How have the hottest 2020 tech IPOs have fared since inception? By Jasdeep Singh

December 27, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

Get Maximum Benefit from your LinkedIn App using Piwaa
Tech news

Get Maximum Benefit from your LinkedIn App using Piwaa

by Srikanth
January 16, 2021
chatbot customer service
Tech news

25 Virtual Assistant Services You Can Offer Your Clients

by Sony T
January 14, 2021
Learn how to set up automated security testing
Tech news

Majority of DDoS Attacks in 2020 – StormWall Report

by Srikanth
January 14, 2021
Broadband – Types & Their Benefits to Cloud Computing
Tech news

Broadband Connection – Types & Their Benefits Explained

by Sony T
January 14, 2021
5 Ways to Optimize Your Home for Cloud Gaming
Tech news

5 Ways to Optimize Your Home for Cloud Gaming

by Sony T
January 13, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.