Money & Banking

Send concerns on draft e-comm policy within 10 days: Goyal

Our Bureau New Delhi | Updated on June 18, 2019 Published on June 18, 2019

Piyush Goyal Goyal, Minister of Commerce and Industry, and Railways

The government has asked e-commerce companies to send their concerns with regard to the draft e-commerce policy to the Department for Promotion of Industry and Internal Trade in writing within 10 days.

This was after industry representatives raised concerns about the policy not being “adequately consultative”.

Piyush Goyal Goyal, Minister of Commerce and Industry, and Railways on Monday met e-commerce and tech industry representatives in which the industry representatives also put forth their concerns related to RBI data storage requirements and processing-related guidelines issued by the RBI.

The meeting was also attended by the Secretary- DPIIT, Secretary - Department of Commerce; Secretary- Ministry of Electronics and Information Technology (MeitY), and the Deputy Governor of RBI.

In the meeting, Ajay Prakash Sawhney, Secretary, MeitY has ensured the e-commerce industry representatives that the Data Protection Bill will reflect all consultations that took place with the industry during the formulation of the Bill. Meanwhile, the Competition Commission of India (CCI) is conducting a study on e-commerce in India to look at market trends with a focus on emerging distribution methods and strategies in response to e-commerce and will seek to understand business practices and contractual provisions in e-commerce, their underlying rationale and implications for competition.

It also aims to identify impediments to competition, if any, relating to e-commerce and also seeks to ascertain enforcement and advocacy priorities for the CCI in e-commerce.

The preliminary findings will be presented in August-end, a government release said. All relevant stakeholders will be invited to present their views on identified issues. The final report is expected to be published in the third quarter of 2019-20.

 

Published on June 18, 2019

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.