Govt plans regulator to monitor online retailers, curb disputes
Live MintIndia 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 retailers. In the past too, online retailers have been on the receiving end when the South Asian nation implemented new rules that prohibited exclusive product offerings and deep discounts on them. U.S. secretary of commerce Wilbur Ross, during his visit early last month said India needed to balance the interests of small retailers and companies operating in the sector.