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Issues in e-commerce sector to be reviewed

Update On :13 August 2016

Issues in e-commerce sector to be reviewed

In order to review all issues related to the booming Indian ecommerce sector, Government has planned to form a committee. Mr. Amitabh Kant, CEO of National Institution for Transforming India (NITI Aayog) will be the head of the panel and it will include officials from the commerce and industry ministry and department of electronics and IT. Representatives from four states, including Maharashtra and Karnataka are also members of the panel.

An official said that committee will discuss on the the issues include Foreign Direct Investment (FDI) pertaining to the e-commerce industry and would suggest ways to further promote the growth of the sector. Some e-commerce firms are facing taxation-related problems in a few states. Setting up of this panel assumes significance as the government recently permitted 100 per cent FDI in the food processing sector. There are also issues related to e-commerce players selling pharmaceuticals.

The Department of Industrial Policy and Promotion (DIPP) has allowed 100 per cent FDI through the automatic route in the marketplace format of e-commerce retailing in March. According to the guidelines, FDI has not been permitted in the inventory-based model of e-commerce.

News Source From : http://www.thehindubusinessline.com/info-tech/govt-to-set-up-committee-to-review-ecommerce-rules/article8967980.ece

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