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Govt to set up committee to review e-commerce rules

Govt to set up committee to review e-commerce rules
10 August 2016 Current Affairs: The government has decided to set up a committee to look into all issues including foreign direct investment norms pertaining to the fast growing e-commerce industry in the country. 

The committee will be headed by the NITI Aayog CEO. The other members in the panel includes officials from commerce and industry ministry and department of electronics and IT among others.

Representatives from four states including Maharashtraand Karnataka are also members of the panel. Some e-commerce firms are facing taxation related problems in few states. 

Setting up of this panel also assumes significance as the government has recently permitted 100 per cent FDI in food processing sector. There is also an issues related to ecommerce players selling pharmaceuticals. 

The Department of Industrial Policy and Promotion (DIPP) has allowed 100 per cent FDI through automatic route in the marketplace format of e-commerce retailing in March. 

As per the guidelines, FDI has not been permitted in inventory-based model of e-commerce.

 


December 2016 Current affairs
9 DEC
NEWS
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
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25 AUG
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