Traders' body CAIT writes to commerce minister Suresh Prabhu over plans to change draft e-commerce policy
6 years, 3 months ago

Traders' body CAIT writes to commerce minister Suresh Prabhu over plans to change draft e-commerce policy

Firstpost  

The Confederation of All India Traders said that the country’s e-commerce market has considerably grown in size and scale which needs a codified policy and a regulatory authority to regulate and monitor the market. Mumbai: Traders’ body CAIT on Wednesday termed the government’s reported move to drop the draft of e-commerce policy as a regressive step, and has written to commerce minister Suresh Prabhu registering its protest. The traders’ body said that the policy is already delayed for more than three years and if dropped, it will be a blow to the fair trade practices in e-commerce and will give every opportunity to e-commerce portals to continue with predatory pricing, deep discounting and loss funding, creating an uneven level playing field. As per a report by marketing research firm eMarketer, the e-commerce sales will rise about 31 percent to $32.7 billion in 2018 and the e-commerce market in India is expected to grow to $200 billion by 2026, largely due to increasing Internet and smartphone penetration.

Policy Market Commerce Cait  writes  prabhu  cait  size  policy  suresh  regulate  india  minister  scale  ecommerce  set  commerce  plans  draft  market  traders

History of this topic

DC Edit | E-com policy initiative welcome
1 year, 4 months ago

DC Edit | E-com policy initiative welcome

Deccan Chronicle  

The Union government’s decision to finalise the long overdue national e-commerce policy is a welcome move, which will guide one of the fast-growing sectors of the Indian economy. By offering huge discounts, the e-commerce sector has gradually transformed from a $14-billion market in 2014 to $70-billion in 2022 — a growth of five times affecting fortunes of hundreds of brick-and-mortar …

National e-commerce policy in final stages; to be presented before top-level: Report
1 year, 4 months ago

National e-commerce policy in final stages; to be presented before top-level: Report

Hindustan Times  

The proposed national e-commerce policy being formulated by the commerce and industry ministry is in the final stages and no new draft policy will be issued now for seeking views of stakeholders, a senior government official said. The Department for Promotion of Industry and Internal Trade on August 2 held a detailed discussion with representatives of e-commerce firms and a …

Proposed e-commerce policy to be robust, balanced, says Piyush Goyal
3 years, 3 months ago

Proposed e-commerce policy to be robust, balanced, says Piyush Goyal

The Hindu  

Union minister Piyush Goyal on Sunday assured that every stakeholder's interest will be taken into consideration while framing the e-commerce policy which would be robust and in the interest of every Indian. Mr. Goyal, who heads Commerce and Industry as well as Consumer Affairs ministries, also said that he welcomes all the feedback on the draft e-commerce rules but comments …

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA
4 years ago

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA

News 18  

In a significant development related to disputes between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders for blatant violation of FDI Policy and Foreign …

CAIT urges govt to take action against e-commerce firms flouting FDI policy, indulging in unfair practices
5 years ago

CAIT urges govt to take action against e-commerce firms flouting FDI policy, indulging in unfair practices

Firstpost  

CAIT also criticised the Ministry of MSME’s reported move to join hands with some prominent e-commerce companies for onboarding of small retailers on their platforms New Delhi: Traders’ body CAIT on Sunday urged the government to take action against e-commerce companies flouting Foreign Direct Investment norms and indulging in unfair practices. Terming such firms “global economic terrorist” and “economic intruders, …

Govt plans regulator to monitor online retailers, curb disputes
5 years, 2 months ago

Govt plans regulator to monitor online retailers, curb disputes

Live Mint  

India is examining the feasibility of setting up a regulatory authority to settle disputes related to e-commerce, a top government official said, amid a raging battle between big online retailers and mom-and-pop stores. “We plan to implement the policy within this financial year.” Prime Minister Narendra Modi’s administration is under pressure from small traders to act against the big online …

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart
5 years, 2 months ago

Traders' body CAIT to launch nation-wide movement to protest against Amazon, Flipkart

Firstpost  

Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country’s retail business New Delhi: Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are …

Traders’ body CAIT to launch nation-wide movement against Amazon, Flipkart
5 years, 2 months ago

Traders’ body CAIT to launch nation-wide movement against Amazon, Flipkart

Live Mint  

Traders' body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country's retail business. In a statement, the Confederation of All India Traders said, "Both Amazon and Flipkart still continue to sell goods on their portal at predatory pricing, deep …

CAIT urges PM not to yield ground to Walmart, other e-commerce players; says such firms have no regard for Indian laws, policies
5 years, 2 months ago

CAIT urges PM not to yield ground to Walmart, other e-commerce players; says such firms have no regard for Indian laws, policies

Firstpost  

CAIT’s secretary general Praveen Khandelwal accused e-commerce firms of attempting to directly control India’s economy by indulging in ‘unfair and monopolistic’ business practices New Delhi: Traders’ body CAIT on Tuesday urged Prime Minister Narendra Modi not to concede any ground to Walmart and other overseas e-commerce players, saying such firms have no regard for the sanctity of Indian laws and …

Govt to come out with national e-commerce policy within 12 months
5 years, 6 months ago

Govt to come out with national e-commerce policy within 12 months

Live Mint  

The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector, an official said. "We will put in place an institutional framework to bring out a national policy on e-commerce within next 12 months," the official said. The government in February released the draft national e-commerce policy proposing setting up …

Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal
5 years, 6 months ago

Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal

Firstpost  

New Delhi: The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector, an official said. “We will put in place an institutional framework to bring out a national policy on e-commerce within next 12 months,” the official said. The minister also stated that India wants to engage with the …

Government to come out with national e-commerce policy within 12 months
5 years, 6 months ago

Government to come out with national e-commerce policy within 12 months

India TV News  

The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector, an official said. "We will put in place an institutional framework to bring out a national policy on e-commerce within next 12 months," the official said. The government in February released the draft national e-commerce policy proposing setting up …

DPIIT starts analysing stakeholders' views on draft e-commerce policy as deadline for sending comments ends today
5 years, 9 months ago

DPIIT starts analysing stakeholders' views on draft e-commerce policy as deadline for sending comments ends today

Firstpost  

New Delhi: The Department for Promotion of Industry and Internal Trade has started analysing the comments and suggestions received from stakeholders on the draft national e-commerce policy as the deadline for sending comments ends on Friday. The DPIIT, sources said, does not intend to extend the deadline for seeking views on the draft e-commerce policy. The draft has proposed setting …

Highlights of Draft E-Commerce Policy
5 years, 10 months ago

Highlights of Draft E-Commerce Policy

Live Law  

On February 24, 2019, the government released the much awaited draft national e-commerce policy. The primary focus of the draft policy is centralisation of data arising in India and promotion of its use for the country's development. Restrictions on Cross border flow of Data Stricter restrictions are sought to be brought in through the draft policy on the cross border …

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance
5 years, 11 months ago

Amazon, Flipkart urge govt to extend 1 February deadline for revised FDI norms compliance

Firstpost  

The revised policy on FDI in online retail said that these firms have to offer equal services or facilities to all its vendors without discrimination. Amazon and Walmart-owned Flipkart have sought more time from the government to comply with the new changes in the foreign direct investment policy for e-commerce firms as they find it difficult to execute the changes …

CAIT exhorts Suresh Prabhu not to revise FDI policy to the advantage of big e-comm firms
6 years ago

CAIT exhorts Suresh Prabhu not to revise FDI policy to the advantage of big e-comm firms

Live Mint  

New Delhi: Traders’ body CAIT Thursday asked the government not to bring in changes in the FDI policy on e-commerce that could give an upper hand to big players in the sector. The government last month announced changes to FDI policy for e-commerce sector, which would put an end to the barrage of discounts and cashback offers by online platforms …

Commerce and industry ministry drafting new e-commerce policy to boost online retail sector: DIPP secretary
6 years ago

Commerce and industry ministry drafting new e-commerce policy to boost online retail sector: DIPP secretary

Firstpost  

The draft had suggested to introduce a pre-set timeframe for offering differential pricing or deep discounts by e-commerce players to customers. New Delhi: The commerce and industry ministry is drafting a new e-commerce policy to boost the fast-growing online retail sector, a government official said Thursday. “We are in the process of drafting the new e-commerce policy,” Secretary in the …

Traders’ body rallies over FDI and sealing
6 years ago

Traders’ body rallies over FDI and sealing

The Hindu  

Thousands of traders under the banner of the Confederation of All India Traders, staged a protest to demand that the government introduce Bill to stop Foreign Direct Investment in retail and to stop the sealing drive in Delhi, on Wednesday. Bhartia said that unchecked, e-commerce and FDI in retail had wrecked domestic retail with multinational corporations adopting unhealthy practices to …

CAIT wants govt to launch e-commerce marketplace in partnership with trade associations
6 years, 1 month ago

CAIT wants govt to launch e-commerce marketplace in partnership with trade associations

Firstpost  

CAIT demanded early announcement of an e-commerce policy and formation of a Regulatory Authority to monitor the e-commerce business in India. New Delhi: Traders’ body CAIT Thursday urged the government to launch an e-commerce marketplace portal in partnership with trade associations where small traders, artisans and women entrepreneurs can sell their products in a ‘fair and transparent manner’. The Confederation …

DIPP secretary Ramesh Abhishek says govt won't allow 49% FDI in e-retail of limited inventory Indian goods
6 years, 4 months ago

DIPP secretary Ramesh Abhishek says govt won't allow 49% FDI in e-retail of limited inventory Indian goods

Firstpost  

India has reportedly attracted $230 billion in FDI in the last four years and the ‘Invest India’ campaign is facilitating foreign investments worth $90 billion. DIPP secretary Ramesh Abhishek, speaking at a seminar organised by the Swadeshi Jagaran Manch, a wing of the Rashtriya Swayamsevak Sangh, said that there are no plans to allow foreign investments in the business-to-consumer e-commerce …

Draft policy expects e-commerce platforms, search engines to store data locally
6 years, 5 months ago

Draft policy expects e-commerce platforms, search engines to store data locally

Firstpost  

The draft has been criticised in some quarters, prompting the commerce ministry to tweet on Saturday that “another round of consultation with stakeholders” will be done to address their concerns. New Delhi: A draft e-commerce policy wants online retailers such as Amazon.com, search engines like Google and social media platforms to locally store data generated by users in India, with …

India reviews draft e-commerce policy after criticism
6 years, 5 months ago

India reviews draft e-commerce policy after criticism

Live Mint  

India is reworking proposed e-commerce rules after a draft, which had signalled a shift toward boosting domestic startups, sparked criticism, according to people familiar with the matter, who asked not to be identified as the discussions are private. Commerce minister Suresh Prabhu tweeted on 11 August that his ministry had received a “few concerns” on the draft e-commerce policy and …

Walmart-Flipkart deal: Traders' body CAIT to move court against Competition Commission of India's nod to the pact
6 years, 5 months ago

Walmart-Flipkart deal: Traders' body CAIT to move court against Competition Commission of India's nod to the pact

Firstpost  

The CAIT has been demanding the government to scrap the deal and constitute a regulatory authority to monitor the country’s e-commerce market. New Delhi: Traders’ body Confederation of All India Traders on Wednesday described as ‘most unfortunate’ the Competition Commission of India’s move to clear the Walmart-Flipkart deal and said it will approach the court against the decision. The Competition …

What draft e-commerce policy means for India’s retail sector
6 years, 5 months ago

What draft e-commerce policy means for India’s retail sector

Live Mint  

New Delhi: Just a day before her retirement on 31 July, commerce secretary Rita Teotia tabled the draft e-commerce policy before a panel headed by commerce and industry minister Suresh Prabhu. The draft e-commerce policy, which effectively seeks to regulate all aspects of online retail and recommends strict restrictions, including curbs on discounts, may impact not just e-commerce companies, but …

Amazon, Flipkart want the draft e-commerce policy scrapped
6 years, 5 months ago

Amazon, Flipkart want the draft e-commerce policy scrapped

Live Mint  

New Delhi/Bengaluru: India’s largest e-commerce firms Amazon Seller Services Pvt. Ltd are lobbying the government to scrap the entire draft e-commerce policy, which recommends strict restrictions on online retail, including curbs on discounts, people familiar with the matter said. The two firms, which account for a majority of the $18 billion online retail market, were not part of the panel …

How India plans to regulate e-commerce
6 years, 5 months ago

How India plans to regulate e-commerce

Live Mint  

The government is planning to bring in an e-commerce law and a sector regulator to effectively deal with all aspects of online retail. A national e-commerce policy will also enable better negotiations on multilateral issues with the World Trade Organization. The draft e-commerce policy proposes that all discounts offered by large e-commerce firms be phased out within two years to …

Draft e-commerce policy: Govt to ensure level playing field for domestic players; all you need to know about the blueprint
6 years, 5 months ago

Draft e-commerce policy: Govt to ensure level playing field for domestic players; all you need to know about the blueprint

Firstpost  

Traders welcome the government’s move to formulate an e-commerce policy that mandates local storage of user data, and hoped the policy will help build robust reform. The think tank will now work on the final draft national policy for the e-commerce sector, based on the recommendations, which would be placed in the public domain for further comment. Data policy Data …

Commerce and industry ministry asks ED to look into complaints related to alleged violation of FDI norms
6 years, 5 months ago

Commerce and industry ministry asks ED to look into complaints related to alleged violation of FDI norms

Firstpost  

Traders body CAIT has time again filed complaints with the ministry on the issue and violation of FDI in e-commerce rules by certain online retail firms New Delhi: Commerce and Industry Minister Suresh Prabhu on Wednesday said the ministry has asked the Enforcement Directorate to look into the complaints related to alleged violation of foreign direct investment norms by some …

Government in process of framing rules to regulate e-commerce sector, says Ram Vilas Paswan
6 years, 6 months ago

Government in process of framing rules to regulate e-commerce sector, says Ram Vilas Paswan

Firstpost  

While e-commerce in India is growing at an annual rate of 51 percent, the laws regulating the digital marketplaces are still evolving, Paswan said Geneva: India is in the process of framing rules to regulate the e-commerce sector, which is expected to touch $120 billion by 2020, Food and Consumer Affairs Minister Ram Vilas Paswan said on Wednesday. “The emergence …

Discover Related