and aspirants should prepare this topic for General Studies Paper III. Such “exclusive sale” deals are common and popular across e-commerce platforms in India. The National e-Commerce Policy lays down strategies to address issues pertinent to the sector.Consumer protection, data privacy and maintenance of a level-playing field are some of the crucial issues. India set out a new draft policy to govern its ever-increasing e-commerce sector. E-COMMERCE RULES [UPSC Notes GS III] Context: ... E-commerce companies would be barred from selling products sourced from firms in which they have a ... come with an e-commerce policy soon so that small vendors get enough chances to participate in the online business. Electronic commerce or ecommerce is a term for any type of business, or commercial transaction that involves the transfer of information across the Internet. E-commerce companies will be required to make data available to the government within 72 hours, which could include information related to national security, taxation and law and order. Body. India’s new e-commerce policy came into effect on February 1, 2019. This comes with a condition that the e-tailer sells 100% Made-in-India products. In News: India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. It refers to the buying and selling of goods and services via electronic channels, primarily the Internet. Marketplaces are meant for genuine, independent sellers, many of whom are MSMEs (Micro, Small & Medium Enterprises). Any service like logistics provided by e-commerce companies to vendors in which they have direct or indirect equity participation or common control stake should be fair and non-discriminatory. Smaller sellers on online platforms, which have been contesting the preferential treatment meted out by Flipkart and Amazon to their entities, have reason to cheer. In the past few years, online marketplaces had hit the brick and mortar hard. This topic is important for the UPSC Mains exam. the various E-Commerce stakeholders, maintaining a level-playing field for relevant stakeholders. The government has been working on the policy for at least two years amid calls to reduce the dominance of global tech giants like Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc. This will ensure that the network effects do not lead to creation of digital monopolies misusing their dominant market position. Required fields are marked *. The biggest winners from the new guidelines will be the traditional brick-and-mortar sellers. 8 (Next to Croma Store). What is e-commerce? The policy focuses on six broad issues of the e-commerce sector, which includes data, infrastructure development, e-commerce marketplaces, regulatory issues, stimulating domestic digital economy and export promotion through e-commerce. E-commerce Portal: ekhadiindia.com | UPSC HEADLINES: The E-commerce Platform becomes another symbol of Ministry’s process re-engineering; this time through e-marketing WHY IN NEWS: Ministry’s khadi arm- Khadi & Village Industries Commission (KVIC) launches E-commerce … The index scores 152 nations on their readiness for online shopping, worth an estimated USD 3.9 trillion globally in 2017, up 22 per cent from the previous year. Restricts marketplaces from influencing prices in a bid to curb deep discounting. The policy draft was prepared by the Ministry of Commerce’s Department for Promotion of Industry & Internal Trade. The National e-Commerce Policy lays down strategies to address issues pertinent to the sector-Consumer protection, data privacy, and maintenance of a level playing field.Need for policy. Your email address will not be published. To know how FDI will affect E-commerce in India, visit the linked article. The policy mandates that no seller can sell its products exclusively on any marketplace platform. Latest Current Affairs in May, 2020 about National E-Commerce Policy. These services include logistics, warehousing, advertisement, marketing, payments, financing, etc. The government should also come with an e-commerce policy soon so that small vendors get enough chances to participate in the online business. The newly drafted e-commerce rules would protect domestic firms and may further restrict the way foreign companies operate within the country. Take advantage of our expertise in supply chain management and operations processes. Also, foreign e-commerce companies providing live streaming services that use payment tokens should be regulated to ensure that users route such transactions through formal and regulated payment channels. Recently, the Ministry of Commerce & Industry reviewed and amended the Foreign Direct Investment (FDI) Policy in e-commerce in order to ensure a level playing field between offline and online sectors. Well, not anymore. On the issue of where data is stored, the draft leaves open the question of which e-commerce platforms would have to keep information locally. “Data mandate is with the ministry of electronics and information technology . can ascertain whether e-commerce businesses have “explainable AI,” referring to the use of artificial intelligence as there’s a tendency among some of the leading companies to exercise control over most of the information repository. 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