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CAIT seeks early rollout of e-com policy to curb abuse
01 Oct '20
1 min read
Pic: Shutterstock
The Confederation of All India Traders (CAIT) recently demanded an early rollout of the e-commerce policy to curb alleged malpractices of large e-commerce players in India. Claiming that the country's e-commerce ecosystem has been greatly vitiated by large e-commerce companies, it noted the need for a robust and well defined policy so that small businesses do not suffer.
CAIT has also sought formation of a regulatory authority for regulating and monitoring e-commerce business and having adequate powers to penalise offenders of the proposed e-commerce rules as large e-commerce firms have ‘deep pockets’ and enormous resources, according to a news agency.
The government last year released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.
CAIT has also sought formation of a regulatory authority for regulating and monitoring e-commerce business and having adequate powers to penalise offenders of the proposed e-commerce rules as large e-commerce firms have ‘deep pockets’ and enormous resources, according to a news agency.
The government last year released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.
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