Economy

Task force on e-commerce discusses taxation, FDI issues

Our Bureau New Delhi | Updated on July 06, 2018 Published on July 06, 2018

Rita Teaotia, Commerce Secretary   -  Ramesh Sharma

To submit report to think-tank headed by Commerce Minister

Commerce Secretary Rita Teaotia discussed suggestions on a wide range of issues in the e-commerce sector such as cross border data flows, taxation, trade facilitation and logistics, consumer confidence, IPR , foreign direct investment and competition issues with senior officials from other Ministries and Departments on Friday.

The first meeting of the task force on e-commerce, which is working on the framework for a national policy on e-commerce, was attended by officials from the Ministries of MSME, Consumer Affairs, Electronics and Information Technology, Corporate Affairs and Department of Telecommunications. There was also representation from the Competition Commission of India and the Directorate General of Foreign Trade, according to an official release.

“The meeting deliberated upon the suggestions emerging from the sub-group meetings held on June 20-22,” the release said. The sub-groups had participants from various ministries and departments, high level representatives from the industry bodies, e-commerce companies, telecommunication and IT companies and independent experts.

The suggestions emerging from the Task Force meeting held today will be submitted to the think-tank on e-commerce, headed by Commerce & Industry Minister Suresh Prabhu, for consideration

It was decided to set up a task force in the first meeting of the think tank in April. The task force was further divided into nine sub-groups for preparing recommendations for India’s national policy on e-commerce.

India’s e-commerce market is currently valued at about $ 27 billion and is one of the fastest growing in the world.

Published on July 06, 2018
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