The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nation

Control and Regulation of e-Commerce Platform

by TLN Team February 12, 2021
written by TLN Team February 12, 2021
Control and Regulation of e-Commerce Platform

Considering the cross-cutting nature of e-Commerce, different laws and regulations across sectors govern the present e-Commerce activities, some of which are; Consumer Protection Act, 2019, Finance Act 2020, Information Technology Act, 2000, Foreign Exchange Management Act, 2000 and Competition Act, 2002. In terms of providing a regulatory framework, the Competition Act, 2002, provides for preventing practices, which may have an adverse effect on competition. Provisions under Section 3, regarding anti-competitive agreements and Section 4 regarding abuse of dominant position are also applicable for e-commerce platforms. E-Commerce entities/platforms with Foreign Direct Investment (FDI) are presently regulated by Press Note 2(2018) read with SI No. 15.2, Schedule 1, of the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019.

The Government is in receipt of the representations submitted by Confederation of All India Traders (CAIT) against e-commerce companies. Under the Foreign Exchange Management Act, 1999, the investigative powers are vested with Enforcement Directorate (ED), and therein representations were duly forwarded to ED, which has taken up the matter for investigation. Further, complaints received from CAIT, alleging biased practice adopted by banks in providing cash backs and discounts for purchases made through e-commerce websites, such as Amazon and Flipkart, is being examined by Competition Commission of India, as well.

No investigation has been initiated by RBI or Enforcement Directorate on the allegation of violation of Foreign Direct Investment (FDI) policy and FEMA in the deal between Flipkart and Aditya Birla Fashion and Retail.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri SomParkash, in a written reply in the Rajya Sabha today.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
RTMNU to increase PG seats by 20%
next post
Beautiful handicrafts, handloom items available at Mrignayani exhibition

You may also like

Seats increased for MBBS, UG, and PG courses

September 26, 2023

WHO reports, that Disease X could bring the...

September 26, 2023

National Education Policy – Multiple entry, exit option...

September 26, 2023

NGEL Ties up with Syama Prasad Mookerjee Port...

September 26, 2023

Deadline almost over to exchange Rs 2000 Note,...

September 26, 2023

New date for ban on import of laptops

September 25, 2023

Vande Bharat Express: No packaged food for the...

September 25, 2023

ICERT issues high-severity warning to Apple users

September 25, 2023

Guess the Prize Money for the ODI World...

September 23, 2023

The government extends the date of ITR filing...

September 23, 2023

Trending News

  • Heavy Rain – Alert by NMC

    September 23, 2023
  • Holiday announced for schools & colleges in Nagpur district

    September 23, 2023
  • DCM Devendra Fadnavis is continuously monitoring the heavy rain situation in Nagpur.

    September 23, 2023
  • Streets, Houses Submerged After Heavy Rain In Nagpur

    September 23, 2023
  • National Cinema Day will allow viewers to watch movies for Rs99 per admission

    September 22, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.