India plans single regulator for e-commerce sector: report
Federal government has indicated it aims to remove the legal fragmentation governing the e-commerce sector.
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Even though the times are tough for bricks and mortar businesses, fast-moving technology and a new generation of shoppers have created opportunities that were either left untapped or did not exist before.
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.
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