Marketplaces are meant for genuine, independent sellers, many of whom are MSMEs (Micro, Small & Medium Enterprises). Crisp news summaries and articles on current events about National E-Commerce Policy for IBPS, Banking, UPSC, Civil services. Important Notice : e-Admit Card - Civil Services (Main) Examination, 2020 The SOs-Stenos (Grade B-Grade-I) LDCE, 2016 onwards scheduled to be notified on … Explain. 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Your email address will not be published. In November 2018, the OnePlus 6T phone went on sale exclusively on Amazon, besides being available on the phone company’s website. 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. These services include logistics, warehousing, advertisement, marketing, payments, financing, etc. 8 (Next to Croma Store). For this clause, the provision of services to any vendor on such terms that are not made available to other vendors in similar circumstances will be deemed unfair and discriminatory. What is e-commerce? 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. 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. The revised norms are aimed at protecting the interest of domestic players, who have to face tough competition from e-retailers having deep pockets from foreign investors. 2nd Stage, 60 Feet Mains Road, Ecommerce companies cannot charge additional prices from third-party sellers for these services. Way forward. The draft policy defines e-commerce as “buying, selling, marketing or distribution of goods, including digital products and services, through electronic network”. OGP InstaClasses- Classroom Program - 2021 (Online) Landmark: Just 50m from Karol Bagh Metro Station, GATE No. Various e-commerce companies led by #Amazon and #Flipkart have raised concerns related to these clarifications. The newly drafted e-commerce rules would protect domestic firms and may further restrict the way foreign companies operate within the country. of consumers among relevant e-commerce actors is key to promoting consumer welfare and enhancing consumer trust; On the proposal of the Committee on Consumer Policy: I. India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. Well, not anymore. Mandates government access to online companies’ source codes and algorithms, which would help ensure against “digitally induced biases” by competitors, Govt. Over 6 lakh users. Popular Courses. Tag:IAS UPSC IASbaba RSTV Debate, RSTV Big Picture UPSC IAS, No.38, 3rd Cross, 1st Phase, Body. The policy will look at e-commerce only, even the aspect of cross border data flows,” the person said. In the past few years, online marketplaces had hit the brick and mortar hard. 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. 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 … Latest Current Affairs in May, 2020 about National E-Commerce Policy. the various E-Commerce stakeholders, maintaining a level-playing field for relevant stakeholders. India set out a new draft policy to govern its ever-increasing e-commerce sector. The brick and mortar hard, warehousing, advertisement, marketing,,... Electronic Commerce, commonly known as e-commerce or eCommerce, is trading products... Enterprises ) e-commerce companies would be barred from selling products sourced from firms in which they a! 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