The government currently has no proposals to bring in changes in the Foreign Direct Investment (FDI) rules for the e-commerce industry, Minister of State for Commerce & Industry Som Parkash informed Parliament. This was in response to a question from Dushyant Singh, Member of Parliament from the Bharatiya Janata Party. Singh had asked whether the government is contemplating change in FDI policy, whether e-commerce marketplaces can hold indirect stakes through their parent companies, whether FDI amounts would be affected, and whether any domestic retailers had complained to the government about the existing policy. In his response, Parkash said that the government has received representations from traders' bodies and associations, which have alleged that certain marketplaces have created complex ownership structures to circumvent FDI provisions and are engaging in inventory-based ecommerce models through controlled vendors or preferred sellers. Further, there have been allegations of deep discounting, predatory pricing, exclusive arrangements, the Minister said. In a separate question, A. Ganeshamurthi, an MP from the Dravida Munnetra Kazhagam, asked whether the All India Chamber of Commerce and Industry (AICCI), an industry body, had demanded that some large e-commerce companies should be banned from operating in India due to excessive discounts, low pricing, and restrictions on goods. To this, Commerce & Industry Minister Piyush Goyal simply said that AICCI has not made any such representation. Further, the government has received complaints against certain e-commerce companies alleging violations of FDI policy. On this, the Enforcement Directorate has taken the necessary actions under the provisions of…
- From PLI Schemes to preferential markets: TRAI’s Key recommendations on promoting telecom equipment manufacturing in India September 25, 2023
- Here’s all you need to know about ‘Humans of Bombay suing People of India under copyright’ case September 25, 2023
- Google Play populated with loan guide apps that lets users to download APKs of predatory loan apps September 25, 2023
- Andhra Pradesh Police Check Mobile Phones Of People At Border Areas For Security Reasons September 25, 2023
- Indian Web Browser Veera Claims To Offer Ad-Free Browsing Experience, Localised Content September 25, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
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...