DPIIT reaches out to ministries and central agencies to set regulations for e-commerce

The Department for Promotion of Industry and Internal Trade (DPIIT) has asked for comments from various ministries and central agencies to formulate regulations around e-commerce in India.

Ministry of Consumer Affairs, Ministry of Information Technology (MeitY), Reserve Bank of India (RBI) and India Post were included in the list of bodies addressed by DPIITand  during a recent meet they discussed the draft regulation which was first proposed in February 2019

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This was done to avoid conflicts with upcoming legislation such as the consumer protection bill, data policies and taxation policies which would impact e-commerce, social media and digital companies in India.

“The process is on and some issues have also been identified,” an official said.

The second draft will address the functioning of e-markets like Flipkart and Amazon, incentivise local capital into the sector, restrict bulk buying of smartphones, white goods, electronics and fashion items, and encourage local players.