This move comes after many allegations and subsequent investigations involving e-commerce giants like Amazon and Flipkart, although the government itself appears to lack consensus here. We missed this earlier: The Indian government is considering establishing an independent regulatory authority for e-commerce, the Ministry of Commerce and Industry said in a statement. The authority will be similar to the Securities and Exchange Board of India (SEBI), the government said. What functions and powers will the proposed e-commerce regulator have? The government has not shared many details on the proposed regulator apart from suggesting that it will be like SEBI. SEBI is a statutory regulatory body established in 1992 to regulate India's capital and securities market and protect the interests of investors. Likewise, the proposed e-commerce regulator will likely be a statutory regulatory body established in accordance with an appropriate Act with the role of regulating India's e-commerce space and protecting the interest of consumers. Using SEBI as a framework, we can expect the following: The proposed e-commerce regulator can have powers in three areas: Quasi-Judicial: This will allow the regulator to conduct hearings and deliver judgments related to illegal and unfair trade practices or violation of rules as far as e-commerce is concerned. Quasi-Executive: This allows the regulator to enforce the regulations and judgments made and to take legal action against violators such as issue penalties or punishments. It also allows the regulator to carry out inspections and seek information needed for its investigations. Quasi-Legislative: This gives the regulator the power to help frame new rules and regulations to protect the…
- How much money was seized by the Indian state while investigating illegal loan apps? February 8, 2023
- Publishers Aren’t ‘Intermediaries’, IT Ministry Says: What Does This Mean for India’s Online Gaming Laws? February 8, 2023
- You can now use PhonePe UPI to pay in UAE, Singapore, Nepal and Bhutan February 8, 2023
- Wikipedia ‘Unblocked’ in Pakistan, PM Forms A Committee To Regulate ‘Objectionable’ Content February 8, 2023
- Explained: What is the feud over ownership between Binance and WazirX? February 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
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
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
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...