May 27, 2024


The business lovers

Govt extends timeline for feedback on draft e-commerce rules to July 21

The buyer affairs ministry on Monday acceded to market requires and extended the deadline for corporations to send their views on the proposed variations on buyer protection (e-commerce) principles to July 21.

With requests pouring in from the best corporations, the Centre gave them additional time to evaluate and submit their views on the proposed amendments, aimed to tighten the regulatory regime in the e-commerce place.

The buyer affairs ministry experienced sought comments from suitable stakeholders and experienced specified them two weeks’ time–until July 6–to submit their inputs.

Very last week, best corporations including Amazon, Tata Team, Flipkart, Paytm and Snapdeal achieved out to the governing administration, requesting the deadline for distributing comments be extended until the end of this month or at the very least by twenty days. This was also a need of various market lobby teams.

E-commerce firms experienced also explained to the governing administration that there is a will need to relook at the draft e-commerce principles and lifted fears that the proposed variations in the principles will have a damaging effects on their company styles.

Nonetheless, the buyer affairs ministry experienced stated the plan is to safeguard buyer interests pertaining to e-commerce, including the rights to be guarded versus unfair trade exercise. “We feel that our most critical stakeholder is the buyer and we desired to make positive that buyer protection prevails in excess of every thing else. By asserting the e-commerce policy for buyer protection, we have shown that our to start with and foremost worry is the buyer, one hundred thirty crore Indians are our to start with and foremost priority,” buyer affairs minister Piyush Goyal experienced stated on Friday.

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