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  Business   In Other News  30 Jul 2018  India plans single regulator for e-commerce sector: report

India plans single regulator for e-commerce sector: report

REUTERS
Published : Jul 30, 2018, 12:12 pm IST
Updated : Jul 30, 2018, 12:12 pm IST

Federal government has indicated it aims to remove the legal fragmentation governing the e-commerce sector.

Some of the measures suggested in the draft include local data storage, mandating the use of state-run RuPay payments in online transactions.
 Some of the measures suggested in the draft include local data storage, mandating the use of state-run RuPay payments in online transactions.

Mumbai: India is mulling a single legislation to address all aspects of e-commerce regulation, and it is also exploring the idea of setting up a single regulator to consider all sector-related issues, according to a draft policy document seen by Reuters.

The federal government has indicated it aims to remove the legal fragmentation governing the e-commerce sector, according to the Draft National Policy Framework on e-commerce.

Some of the measures suggested in the draft include local data storage, mandating the use of state-run RuPay payments in online transactions and enhancing the participation of micro, small and medium enterprises in online retail.

Tags: e-commerce, rupay, online transaction
Location: India, Maharashtra, Mumbai (Bombay)