The Department of Industrial Policy and Promotion has announced that despite receiving requests to extend the 1 February 2019 deadline for Press Note 2 of 2018 (FDI Policy in e-Commerce), it will not extend the deadline. We have reached out to Amazon, Flipkart and Snapdeal and will update this when we hear from them. (Are you an ecommerce company with a comment about this policy? Reach out to me at firstname.lastname@example.org.) (Update: Snapdeal has issues the following statement: "Snapdeal welcomes the government's decision to enforce Press Note 2 / 2018 guidelines from 1st Feb 2019. Adherence to rule of law will allow India to create a genuine and robust e-commerce sector, which will ensure lasting gains for both buyers and sellers." - Snapdeal Spokesperson) Earlier this week, domestic e-commerce firms Snapdeal, Shopclues, Shop101, Limeroad, Wooplr, and Fynd had written to the DIPP and Commerce Minister Suresh Prabhu opposing the deadline extension. The companies also supported the clarifying the rules on FDI in e-commerce. Meanwhile, Amazon and Flipkart had asked that the deadline be extended by 4 and 6 months respectively. Along with them, US government had voiced its concerns over the new regulations to Indian government officials, and pushed for the regulation to become a bilateral issue between US and India. A Mint report from yesterday stated that both Amazon and Flipkart were hopeful towards a deadline extension, engaging with government officials directly and indirectly through trade bodies. This policy would affect Amazon's price, selection and convenience for sellers and customers,…
- Indian crypto exchanges plan to collect identity details for crypto transfers to private wallets: Report June 3, 2023
- Jugalbandi, A Chatbot for Rural India by Microsoft and EkStep: What to Know and Think About? June 3, 2023
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...