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e-Commerce and recent Rules-FDI

e-Commerce and recent Rules-FDI Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST) Electronic commerce or e-commerce is a business model that lets firms and individuals buy and sell things over the Internet. Propelled by rising smartphone penetration, the launch of 4G networks and increasing consumer wealth, the Indian e-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion in 2017. India’s e-commerce revenue is expected to jump from US$ 39 bi

DPIIT, CAIT join hands to enable kiranas’ foray into e-comm space

DPIIT, CAIT join hands to enable kiranas’ foray into e-comm space The DPIIT has joined hands with CAIT for development of this platform, which, is expected to be launched in a staggered manner starting early next week. Within days of retail giants Reliance Industries and Amazon India announcing their intent to accelerate their plans of onboarding local retailers and grocers, a group of retail traders has announced a tie-up with the Centre to launch a national e-commerce marketplace,

‘BHARATMARKET’ for retail traders

‘BHARATMARKET’ for retail traders CAIT said the marketplace will integrate capabilities of various technology companies to provide end-to-end services in the logistics and supply chains from manufacturers to end consumers, including deliveries at home. The e-commerce portal will include a nationwide participation by retailers and aims to bring 95 per cent of retail traders on-board the platform, who would exclusively run the portal. The initiative has had active support and gui

eCommerce rules in India

eCommerce rules in India What is the news? India is considering revising its foreign investment rules for e-commerce. This move could compel players, including Amazon.com Inc., to restructure ties with some major sellers. The government discussions coincide with a growing number of complaints from India’s bricks-and-mortar retailers, which have for years accused Amazon and Walmart Inc.-controlled Flipkart of creating complex structures to bypass federal rules, allegations the U.

eCommerce rules in India

e-commerce rules in India Definition Electronic commerce or e-commerce is a business model that lets firms and individuals buy and sell things over the Internet. The Indian e-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second-largest e-commerce market in the world by 2034. It is a type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic networ

Consumer Protection (E-Commerce) Rules, 2020

Consumer Protection (E-Commerce) Rules, 2020 For the purposes of preventing unfair trade practices in e-commerce, the Central Government had notified the Consumer Protection (E-Commerce) Rules, 2020 with effect from 23 July 2020 Major provisions To regulate all commercial transactions sold over a digital or electronic network. It recognises two e-commerce business models, namely, marketplace model and inventory-based model. Separate rules specified for provisions for marketplace an

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