Traders body Confederation of All India Traders (CAIT) demanded that the government should immediately roll out a robust e-commerce policy and form a regulatory authority for the segment, amid rising anti-competitive practices in digital markets.
CAIT Secretary General Praveen Khandelwal said that there must be a regulatory authority like SEBI and RBI, which can regulate e-commerce trade in India. He said, “Government should release e-commerce rules under Consumer Protection Act, issue a new press note in place of press note 2 of 2018 of FDI Retail Policy.”
A Parliamentary panel had earlier suggested digital market entities refrain from anti-steering, deep discounting, search & ranking preferencing and other practices that will impact competition in the market.
A Parliamentary panel has proposed an ex-ante regulation, classification of “systemically important digital intermediaries” based on their revenue, market capitalisation and number of users, and a new digital competition law, to prevent anti-competitive practices in digital markets.
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