online shopping: Government eyes single regulator for e-commerce sector
A number of the measures steered within the Draft Nationwide Coverage Framework embody native knowledge storage, mandating the usage of home-grown card fee community RuPay for on-line transactions and enhancing the participation of micro, small and medium enterprises in on-line retail.
India can even take steps to develop capability for storing knowledge and incentivise its home storage, the doc mentioned, including that the e-commerce trade could possibly be given time to “alter earlier than localization turns into necessary”.
“The federal government would have entry to knowledge saved in India for nationwide safety and public coverage targets topic to guidelines associated to privateness, consent and so on,” the draft coverage mentioned.
India’s anti-trust regulator will take into account altering thresholds in order that mergers and acquisitions within the e-commerce sector that probably distort competitors are compulsorily examined, it mentioned.
Flipkart, at present within the strategy of being acquired by US retail large Walmart, Amazon’s native unit and Snapdeal, backed by Japan’s SoftBank, are amongst India’s key e-commerce companies.