Govt to set up committee to review e-commerce rules

Posted on:10 Aug 2016 18:26:37

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.

 


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

22 MAY
NEWS
20 MAY
NEWS
19 MAY
NEWS
18 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS