CAIT seeks early rollout of e-commerce policy
Traders' body CAIT on Sunday sought early rollout of the e-commerce policy to put curbs on alleged malpractices of large e-commerce players in India
Traders' body CAIT on Sunday sought early rollout of the e-commerce policy to put curbs on alleged malpractices of large e-commerce players in India. The Confederation of All India Traders (CAIT) claimed that the country's e-commerce ecosystem has been greatly vitiated by large e-commerce companies.
It noted that in the wake of the rise in market share of e-commerce in domestic trade, it is all the more necessary to have a robust and well defined policy so that small businesses do not suffer at the hands of large e-commerce firms having "deep pockets" and enormous resources.
The government last year released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or?processing of sensitive data locally and storing it abroad.
See Zee Business Live TV Streaming Below:
CAIT has also sought formation of a regulatory authority for regulating and monitoring e-commerce business and having adequate powers to penalise offenders of the proposed e-commerce rules.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 7, 2024): Precious metals subdued; yellow metal above Rs 71,300; white metal above Rs 82,850
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
130% return in one year: Brokerage recommends buying this bank stock trading at Rs 131, know target price
09:19 AM IST