Opinion | An e-commerce compliance audit
5 years, 3 months ago

Opinion | An e-commerce compliance audit

Live Mint  

By seeking an annual statutory audit of compliance with foreign direct investment rules for online marketplaces, the government is addressing recently aired concerns by local traders that e-commerce companies may not be following changes that came into force in February. The marketplaces were barred from holding stakes in sellers using their platform and from exclusive product sale deals, which had been identified as reasons for deep discounts being offered in the online retail sector. Commerce Minister Piyush Goyal had last month flagged the issue of predatory pricing by e-commerce companies, and the government has now tightened compliance requirements. Although e-commerce has only a minuscule share of the overall retail market in India, it has been making rapid gains as the reach of the major players extends far beyond large cities.

History of this topic

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