Regulating new economy requires new thinking
This comes at a time when the government and individual retailers look for options to curb the use of single-use plastic
Both Amazon India and Flipkart had said earlier this week that there were no signs of a slowdown in e-commerce
Under the e-com policy, a number of proposals are around data protection and storing data onshore
The meeting, called by the Central Board of Indirect Taxes and Customs, will see representation from e-commerce players like Amazon and Flipkart
The data boom, the e-commerce revolution, and a rise in digital commerce have opened up the infrastructure segment for major real estate developers, so much so that some have started subsidiaries
The government decision to stay firm on the e-commerce FDI rules coincides with US Secretary of State Mike Pompeo's visit to India before he heads for the G20 meet in Japan
An inter-ministerial panel under DPIIT would be formed to address stakeholder grievances on FDI and draft e-commerce policy
New Delhi would instead push the draft e-commerce policy back home, with talks on data repatriation, taxation and corporate control
It said these requirements raise costs for suppliers of data-intensive services by forcing the construction of unnecessary, redundant data centres
Draft policy calls for regulating cross-border data flow, banning sharing of data of Indian users stored abroad with other business, and mandating all e-commerce firms to have data storage in India
Online players have submitted objections regarding various provisions; final policy likely to be formulated by new govt
At the heart of the issue is the way e-commerce is defined in the current draft policy
From protecting consumer data to regulating Chinese e-commerce apps, the draft charts a plan to increase onshore digital commerce
The draft lays down the conditions under which the government plans to regulate cross-border data flow, while enabling sharing of anonymised community data
Draft e-commerce policy goes overboard on data protection
Amazon India said it is studying the draft policy and will provide inputs during the public review period
E-consumer courts to be developed to battle grievances
A business entity that collects or processes any sensitive data in India and stores it abroad, shall be required to adhere to the certain conditions, according to the policy draft
The policy also lays strategies to address issues pertinent to the sector including consumer protection, data privacy and maintenance of a level-playing field