Domestic retailer associations have sought a regulator like the Telecom Regulatory Authority of India, and the Securities and Exchange Board of India for the e-commerce sector and pushed for a stronger version of the Press Note 2 of 2018 which stipulates that the inventory of a vendor will be deemed to be controlled by the marketplace if more than 25% of the vendor’s purchases are from the marketplace entity. 在会见美国为促进行业和内部贸易(DPIIT)官员周三,印度商人联合会(CAIT)和印度的零售商协会(RAI)和其他人也寻求明确提出处罚违反法律的人。 国内零售商协会寻求像印度电信监管机构的监管机构,和印度证券交易委员会电子商务行业,推动一个更强的版本的压注2 2018的规定,供应商的库存将被视为由市场控制如果超过25%的供应商购买从市场实体。
In a meeting with the Department for Promotion of Industry and Internal Trade (DPIIT<\/a>) officials on Wednesday, Confederation of All India Traders (CAIT) and the Retailers Association of India (RAI) and others also sought clearly laid out penalties for those who violate the laws.
Officials said the meeting was a consultation on the foreign direct investment (FDI<\/a>) policy in e-commerce and two more meetings on the issue are planned on March 19 with industry chambers, and on March 25 with e-commerce companies.
“This was only a consultation and we listened to their suggestions,” said a government official, adding that more than six associations participated in the meeting and similar consultations are scheduled for Friday and next week, without sharing the timeline to amend the Press Note 2.
CAIT Secretary General Praveen Khandelwal pushed for an immediate release of new Press Note replacing the existing one besides strict action against companies violating rules and policy.
“Not only them but their associates whether in equity or economic interest should be prohibited to ensure level playing field for all stakeholders. There needs to be a regulatory authority like TRAI<\/a> or SEBI<\/a> to regulate and monitor e-commerce business in India,” he said.
The DPIIT is working on issuing clarifications through a Press Note with provisions that prohibit them from holding an indirect stake in a seller through its parent as there are concerns that some ecommerce companies are not following the rules and hold indirect stakes in affiliates. As per extant norms, the marketplace entity or its group companies cannot have control over inventory under the FDI rules.
Commerce and industry minister Piyush Goyal on Wednesday told Lok Sabha that the government has received complaints against certain e-commerce companies alleging violation of FDI policy and necessary actions under the provisions of Foreign Exchange Management Act, 1999 have been taken for investigation by Enforcement Directorate<\/a>.
The TRAI has sought level playing field among all formats and channels of Business to Consumer (B2C) retail insisting that the rules for products should be same for all channels without any special rules or dispensation for any channel.
It also wants the government to ensure that Indian-owned, Indian-managed retail companies, including start-ups are made competitive by allowing them access to funds.
Officials had earlier said the department would do industry consultations with all stakeholders before it issues the clarification especially because the 25% definition is not effective and a clarity needs to be given.<\/p><\/body>","next_sibling":[{"msid":81554426,"title":"White House task force met to discuss Microsoft software weaknesses","entity_type":"ARTICLE","link":"\/news\/white-house-task-force-met-to-discuss-microsoft-software-weaknesses\/81554426","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"81554145","title":"TRAI","entity_type":"IMAGES","seopath":"industry\/services\/retail\/domestic-retailers-seek-trai-like-regulator-for-e-commerce\/trai","category_name":"Domestic retailers seek TRAI like regulator for e-commerce","synopsis":"The TRAI has sought level playing field among all formats and channels of Business to Consumer (B2C) retail insisting that the rules for products should be same for all channels without any special rules or dispensation for any channel.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-455203\/81554145.cms?width=150&height=112","link":"\/image\/industry\/services\/retail\/domestic-retailers-seek-trai-like-regulator-for-e-commerce\/trai\/81554145"}],"msid":81554480,"entity_type":"ARTICLE","title":"Domestic retailers seek TRAI like regulator for e-commerce","synopsis":"In a meeting with the Department for Promotion of Industry and Internal Trade (DPIIT) officials on Wednesday, Confederation of All India Traders (CAIT) and the Retailers Association of India (RAI) and others also sought clearly laid out penalties for those who violate the laws.","titleseo":"telecomnews\/domestic-retailers-seek-trai-like-regulator-for-e-commerce","status":"ACTIVE","authors":[{"author_name":"Kirtika Suneja","author_link":"\/author\/479242995\/kirtika-suneja","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242995.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479242995,"author_name":"Kirtika Suneja","author_seo_name":"kirtika-suneja","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2021-03-17 21:28:55","lastupd":"2021-03-17 21:29:53","breadcrumbTags":["trai","enforcement directorate","FDI","sebi","dpiit"],"secinfo":{"seolocation":"telecomnews\/domestic-retailers-seek-trai-like-regulator-for-e-commerce"}}" data-authors="[" kirtika suneja"]" data-category-name="" data-category_id="" data-date="2021-03-17" data-index="article_1">
国内电子商务零售商寻求火车像调节器
在会见促进工业和内部贸易部门(DPIIT)官员周三,印度商人联合会(CAIT)和印度的零售商协会(RAI)和其他人显然也寻求了惩罚那些违反法律。
“这只是一个咨询,我们听他们的建议,”一位政府官员说,并补充说超过6协会参加了会议,磋商定于周五和下周相似,没有共享的时间表修改按注2。
CAIT秘书长Praveen口要求立即释放的新媒体注意替换现有除了对公司违反规定严格的行动和政策。
“不仅他们但associates在股本或经济利益是否应该禁止确保所有利益相关者的公平的竞争环境。需要有一个管理部门火车或印度证券交易委员会印度来管理和监督电子商务业务,”他说。
DPIIT正在发行说明通过媒体注意规定,禁止他们持有一种间接股份卖家通过母公司有人担心一些电子商务公司不遵守规则和间接持有子公司的股权。根据现存的规范,市场实体或其集团公司不能控制库存在FDI的规则。
贸易和工业部长总裁Goyal周三告诉人民院,政府已收到投诉某些电子商务公司指控违反本法规定的外国直接投资政策和必要的行动外汇管理法案》,1999年已进行调查执法局。
火车已经寻求公平竞争在所有格式和业务渠道消费(B2C)零售坚称产品应该所有渠道的规则没有任何特殊的规则或分配任何通道。
它还希望政府确保印度,Indian-managed零售公司,包括初创企业竞争,让他们获取资金。
官员早些时候说,部门将之前做的行业与所有利益相关者磋商问题澄清特别是因为25%的定义不是有效的和清晰的需要。
Domestic retailer associations have sought a regulator like the Telecom Regulatory Authority of India, and the Securities and Exchange Board of India for the e-commerce sector and pushed for a stronger version of the Press Note 2 of 2018 which stipulates that the inventory of a vendor will be deemed to be controlled by the marketplace if more than 25% of the vendor’s purchases are from the marketplace entity.
In a meeting with the Department for Promotion of Industry and Internal Trade (DPIIT<\/a>) officials on Wednesday, Confederation of All India Traders (CAIT) and the Retailers Association of India (RAI) and others also sought clearly laid out penalties for those who violate the laws.
Officials said the meeting was a consultation on the foreign direct investment (FDI<\/a>) policy in e-commerce and two more meetings on the issue are planned on March 19 with industry chambers, and on March 25 with e-commerce companies.
“This was only a consultation and we listened to their suggestions,” said a government official, adding that more than six associations participated in the meeting and similar consultations are scheduled for Friday and next week, without sharing the timeline to amend the Press Note 2.
CAIT Secretary General Praveen Khandelwal pushed for an immediate release of new Press Note replacing the existing one besides strict action against companies violating rules and policy.
“Not only them but their associates whether in equity or economic interest should be prohibited to ensure level playing field for all stakeholders. There needs to be a regulatory authority like TRAI<\/a> or SEBI<\/a> to regulate and monitor e-commerce business in India,” he said.
The DPIIT is working on issuing clarifications through a Press Note with provisions that prohibit them from holding an indirect stake in a seller through its parent as there are concerns that some ecommerce companies are not following the rules and hold indirect stakes in affiliates. As per extant norms, the marketplace entity or its group companies cannot have control over inventory under the FDI rules.
Commerce and industry minister Piyush Goyal on Wednesday told Lok Sabha that the government has received complaints against certain e-commerce companies alleging violation of FDI policy and necessary actions under the provisions of Foreign Exchange Management Act, 1999 have been taken for investigation by Enforcement Directorate<\/a>.
The TRAI has sought level playing field among all formats and channels of Business to Consumer (B2C) retail insisting that the rules for products should be same for all channels without any special rules or dispensation for any channel.
It also wants the government to ensure that Indian-owned, Indian-managed retail companies, including start-ups are made competitive by allowing them access to funds.
Officials had earlier said the department would do industry consultations with all stakeholders before it issues the clarification especially because the 25% definition is not effective and a clarity needs to be given.<\/p><\/body>","next_sibling":[{"msid":81554426,"title":"White House task force met to discuss Microsoft software weaknesses","entity_type":"ARTICLE","link":"\/news\/white-house-task-force-met-to-discuss-microsoft-software-weaknesses\/81554426","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"81554145","title":"TRAI","entity_type":"IMAGES","seopath":"industry\/services\/retail\/domestic-retailers-seek-trai-like-regulator-for-e-commerce\/trai","category_name":"Domestic retailers seek TRAI like regulator for e-commerce","synopsis":"The TRAI has sought level playing field among all formats and channels of Business to Consumer (B2C) retail insisting that the rules for products should be same for all channels without any special rules or dispensation for any channel.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-455203\/81554145.cms?width=150&height=112","link":"\/image\/industry\/services\/retail\/domestic-retailers-seek-trai-like-regulator-for-e-commerce\/trai\/81554145"}],"msid":81554480,"entity_type":"ARTICLE","title":"Domestic retailers seek TRAI like regulator for e-commerce","synopsis":"In a meeting with the Department for Promotion of Industry and Internal Trade (DPIIT) officials on Wednesday, Confederation of All India Traders (CAIT) and the Retailers Association of India (RAI) and others also sought clearly laid out penalties for those who violate the laws.","titleseo":"telecomnews\/domestic-retailers-seek-trai-like-regulator-for-e-commerce","status":"ACTIVE","authors":[{"author_name":"Kirtika Suneja","author_link":"\/author\/479242995\/kirtika-suneja","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242995.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479242995,"author_name":"Kirtika Suneja","author_seo_name":"kirtika-suneja","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2021-03-17 21:28:55","lastupd":"2021-03-17 21:29:53","breadcrumbTags":["trai","enforcement directorate","FDI","sebi","dpiit"],"secinfo":{"seolocation":"telecomnews\/domestic-retailers-seek-trai-like-regulator-for-e-commerce"}}" data-news_link="//www.iser-br.com/news/domestic-retailers-seek-trai-like-regulator-for-e-commerce/81554480">
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