E-commerce regulator firms

Government mulls regulator for e-commerce: Report

E-commerce regulator firms

The government is drafting a new policy to regulate e-commerce firms and increase compliance, and also ensure that the firms including social media platforms respond quickly to information sought by the authorities, a Reuters report said.

Under the new policy, the government plans to set up a regulator, who will be empowered to seek any information from the companies and penalise them in case of failure of compliance with the new policy.

“The policy will also mandate an e-commerce company to supply within 72 hours information sought by law enforcement agencies,” the report quoted a source as saying.

The government is also said to have consulted stakeholders, including e-commerce firms, over the proposed policy.

Our queries seeking comment to the Commerce and Industry Ministry, Flipkart, Amazon, Facebook and Twitter in this regard did not elicit a response till the publication of the report. We will update the post when they do.

The new policy is expected to add to compliance worries for e-commerce firms if implemented.

Besides, the government is already examining allegations of anti-competitive practices against these firms, Commerce and Industry Ministry Piyush Goyal had said last month.

The report comes amidst timeline uncertainty over the release of the national e-commerce policy. However, there is no clarity over whether the new policy will be separate from the national e-commerce policy that is already under consideration.

On March 18, Commerce and Industry Minister Piyush Goyal had informed the Lok Sabha that since e-commerce is a new issue, no date has been fixed for the release of the national e-commerce policy.

The government has already collaborated with various ministries including the MeitY, Consumer Affairs Ministry and DPIIT to draft the national e-commerce policy.

Send Suggestions or Tips

E-commerce regulator firms

Government mulls regulator for e-commerce: Report

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Below is the bank details:

 
Amount: INR 3,00,000 + GST (TDS to be deducted 2%)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
Kindly make the payment to confirm your seat for Unicorn trip 3.0. For any other queries/concern: pls drop a email on: [email protected] or [email protected]
X