The index scores 152 nations on their readiness for online shopping, worth an estimated USD 3.9 trillion globally in 2017, up 22 per cent from the previous year. Over 6 lakh users. E-commerce firms are needed to comply with the new guidelines by February 1, 2019. The policy mandates that no seller can sell its products exclusively on any marketplace platform. Inventory model - FDI may be allowed in inventory-based e-commerce companies up to 49%. 8 (Next to Croma Store). The main features of the clarification include the provision that vendors that have any stake owned by an e-commerce company cannot sell their products on that e-commerce company’s portal. The rules stipulate that e-commerce platforms will have to set up a grievance redressal cell and appoint a nodal officer, and ensure all complaints are resolved within a month. The National e-Commerce Policy lays down strategies to address issues pertinent to the sector-Consumer protection, data privacy, and maintenance of a level playing field.Need for policy. On the issue of where data is stored, the draft leaves open the question of which e-commerce platforms would have to keep information locally. The government has released the draft e-commerce policy. The Need: India’s roaring digital economy, with half a billion users and growing, is witnessing pitched battles in everything from online retail and content streaming to messaging and digital payments. This topic is important for the UPSC Mains exam. The implementation has caused widespread disruption for the online retailers, forcing some of … Your email address will not be published. and aspirants should prepare this topic for General Studies Paper III. Once this definition is taken in conjunction with the foreign direct investment (FDI) rules, the situation becomes complex. India set out a new draft policy to govern its ever-increasing e-commerce sector. The government has said that e-commerce entities will have to maintain a level playing field, and ensure that they do not directly or indirectly influence the sale price of goods and services. How many Articles are there in the Constitution. [New Batch] IASbaba’s Courses- UPSC 2021 : e-CLP, ILP, AIPTS, TLP Connect- ADMISSIONS OPEN! Hosting data overseas has been a sticking point in previous drafts, which sparked criticism for being heavy-handed in helping local startups at the expense of others. The Commerce Ministry to carry out a fresh round of consultations with stakeholders to address concerns raised by many on the proposed e-commerce policy. These changes will enable a level playing field for all sellers, helping them leverage the reach of e-commerce. These UPSC notes on E-commerce new rules in India are aligned with the UPSC Syllabus and aspirants should prepare this topic for General Studies Paper III. 2nd Stage, 60 Feet Mains Road, The policy says a vendor will not be permitted to sell more than 25% of its products on an online platform of a single e-marketplace firm. Insights has redefined the way preparation is done in UPSC civil service exam. Mandates government access to online companies’ source codes and algorithms, which would help ensure against “digitally induced biases” by competitors, Govt. Commerce and Accountancy is one of the many optional subjects that can be opted for the Civil Services Mains Exam.UPSC Commerce and Accountancy Syllabus for UPSC Mains Exam consists of two papers for 250 marks each. Examples of E-Commerce companies: Few examples of the E-Commerce systems are Flipkart, Snapdeal, Amazon, Myntra, OLX, OlaCabs […] E-commerce companies will be required to make data available to the government within 72 hours, which could include information related to national security, taxation and law and order. From the point of view of the vendor too, the clarification said that an entity with an equity stake owned by an e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to sell its products on the platform run by such marketplace entity. The task force has recommended that FDI may be allowed in inventory-based e-commerce companies up to 49%, with the condition that the e-tailer sells 100% Made-in- India products. These services include logistics, warehousing, advertisement, marketing, payments, financing, etc. É grátis para se registrar e ofertar em trabalhos. E-commerce platforms would be required to provide to consumers the details of sellers, including phone numbers, customer complaint contacts, email and addresses. The Policy takes into account interests of all stakeholders, be they investors, manufacturers, MSMEs, traders,retailers, startups and consumers. Popular Courses. can ascertain whether e-commerce businesses have “explainable AI,” referring to the use of artificial intelligence as there’s a tendency among some of the leading companies to exercise control over most of the information repository. It refers to the buying and selling of goods and services via electronic channels, primarily the Internet. With this, special offers like cashback, extended warranties, faster deliveries to some brands will be prohibited, with the view to provide a level playing … Background . The newly drafted e-commerce rules would protect domestic firms and may further restrict the way foreign companies operate within the country. The draft policy defines e-commerce as “buying, selling, marketing or distribution of goods, including digital products and services, through electronic network”. “Data mandate is with the ministry of electronics and information technology . Important Notice : e-Admit Card - Civil Services (Main) Examination, 2020 The SOs-Stenos (Grade B-Grade-I) LDCE, 2016 onwards scheduled to be notified on … India set out a new draft policy to govern its ever-increasing e-commerce sector. This will impact backend operations, as Group entities would have to be removed from the e-commerce value chain. Also, the Government should form a regulatory authority to check the flouting of e-commerce rules. For this clause, the provision of services to any vendor on such terms that are not made available to other vendors in similar circumstances will be deemed unfair and discriminatory. Latest Current Affairs in May, 2020 about National E-Commerce Policy. For imported goods, the country of origin and value of work done in India should be clearly specified. E-commerce Portal: ekhadiindia.com | UPSC HEADLINES: The E-commerce Platform becomes another symbol of Ministry’s process re-engineering; this time through e-marketing WHY IN NEWS: Ministry’s khadi arm- Khadi & Village Industries Commission (KVIC) launches E-commerce … Features and issues of draft e-commerce policy. Body. Don’t lose out on any important Post and Update. And while it’s simple to attribute the changes to the pandemic, many of the trends impacting e-commerce fulfillment were already in motion before Covid … In November 2018, the OnePlus 6T phone went on sale exclusively on Amazon, besides being available on the phone company’s website. Government, in consultation with relevant stakeholders, will define the categories of e-commerce that would require mirroring or localization. ; The main feature of the market place model is that the e-commerce firm like flipkart, snapdeal, amazon etc. Electronic commerce or ecommerce is a term for any type of business, or commercial transaction that involves the transfer of information across the Internet. The National e-Commerce Policy lays down strategies to address issues pertinent to the sector.Consumer protection, data privacy and maintenance of a level-playing field are some of the crucial issues. India’s new e-commerce policy came into effect on February 1, 2019. Well, not anymore. Way forward. The government should also come with an e-commerce policy soon so that small vendors get enough chances to participate in the online business. The policy focuses on six broad issues of the e-commerce sector, which includes data, infrastructure development, e-commerce marketplaces, regulatory issues, stimulating domestic digital economy and export promotion through e-commerce. Earlier separate Ministries for Small Scale Industries & Agro and Rural Industries (SSI&A&RI) and Heavy Industries and Public Enterprises (HI&PE) were created in October, 1999. To know how FDI will affect E-commerce in India, visit the linked article. Ecommerce companies cannot charge additional prices from third-party sellers for these services. In the past few years, online marketplaces had hit the brick and mortar hard. UPSC Commerce and Accountancy Syllabus 2020 for IAS Exam is released in the official notice of Civil Service exam. Such “exclusive sale” deals are common and popular across e-commerce platforms in India. Required fields are marked *. Purpose of the policy: It prevent large players from pricing out the competition though unfair practices, but taken too far such licensing and price controls can depress the sector. Smaller sellers on online platforms, which have been contesting the preferential treatment meted out by Flipkart and Amazon to their entities, have reason to cheer. Des modules Chronopost sont téléchargeables pour intégrer le service de livraison directement sur votre plateforme e-commerce. OGP InstaClasses- Classroom Program - 2021 (Online) AGREES that this Recommendation applies to business-to-consumer e-commerce, including commercial practices through which businesses enable The biggest winners from the new guidelines will be the traditional brick-and-mortar sellers. Marketplaces are meant for genuine, independent sellers, many of whom are MSMEs (Micro, Small & Medium Enterprises). New e-commerce rules restrict players from selling the products of companies in which they have a stake and capping the percentage of inventory that a vendor can sell through a marketplace entity (IT platform of an e-commerce entity) or its group companies. Department of Industrial Policy & Promotion was established in 1995 and has been reconstituted in the year 2000 with the merger of the Department of Industrial Development. The time has now come to look at franchise channels, rather than equity investments channels, to do business in India,” Rajiv Chugh, National Leader, Policy Advisory & Speciality Services, EY India, said. To know more about FDI in Retail, follow the linked article. For more UPSC related preparation materials and articles, visit the links given in the table below: Your email address will not be published. Consumers may no longer enjoy the deep discounts offered by retailers that have a close association with marketplace entities. Samsung launched its new A9 phone exclusively on Flipkart. India’s roaring digital economy, with half a billion users and growing, is witnessing pitched battles in everything from online retail and content streaming to messaging and digital payments. The e-commerce policy will be aligned with these issues. The Video discusses the basics related to the e-commerce … Landmark: Opposite to BBMP Office / CULT Fitness, IASBABA, 5B, Pusa Road, Karol Bagh, New Delhi – 110005. India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. Conclusion. In News: India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. Learn everyday with Experts!! What is e-commerce? the various E-Commerce stakeholders, maintaining a level-playing field for relevant stakeholders. Also, foreign e-commerce companies providing live streaming services that use payment tokens should be regulated to ensure that users route such transactions through formal and regulated payment channels. This article will describe in detail new e-commerce rules in India, its effect on major e-commerce players, vendors, and consumers. The United Nations Conference on Trade and Development's Business-to-Consumer (B2C) E-commerce Index 2019 has been topped by the Netherlands for the second consecutive year. 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The Department For Promotion of Industry and Internal Trade (DPIIT) has released the draft National e-Commerce Policy for public comments.. Take advantage of our expertise in supply chain management and operations processes. Also, it curbs the practice of deep discounts, the government said they cannot directly or indirectly influence the price of goods and services, and also brought in a new set of rules that bar the sale of products exclusively in one marketplace. Electronic Commerce, commonly known as E-commerce or eCommerce, is trading in products or services using computer networks, such as the Internet. The e-commerce revolution in India is setting a dangerous precedent which defies traditional market logic. Download e-commerce notes PDF for IAS Exam. aspirants can find more notes from the links given at the end of the article. This will ensure that the network effects do not lead to creation of digital monopolies misusing their dominant market position. These UPSC notes on E-commerce new rules in India are aligned with the UPSC Syllabus and aspirants should prepare this topic for … Click to download our app. The revised norms are aimed at protecting the interest of domestic players, who have to face tough competition from e-retailers having deep pockets from foreign investors. UPSC Exam. Landmark: Just 50m from Karol Bagh Metro Station, GATE No. The newly drafted e-commerce rules would protect domestic firms and may further restrict the way foreign companies operate within the country. What is e-commerce? Global corporations lead in each of these segments, while local startups have sought help from a sympathetic government that recently banned dozens of apps backed by Chinese technology giants. of consumers among relevant e-commerce actors is key to promoting consumer welfare and enhancing consumer trust; On the proposal of the Committee on Consumer Policy: I. Tag:IAS UPSC IASbaba RSTV Debate, RSTV Big Picture UPSC IAS, No.38, 3rd Cross, 1st Phase, Any service like logistics provided by e-commerce companies to vendors in which they have direct or indirect equity participation or common control stake should be fair and non-discriminatory. Do you agree? The government would appoint an e-commerce regulator to ensure the industry is competitive with broad access to information resources. Restricts marketplaces from influencing prices in a bid to curb deep discounting.