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Committee to Review e-Commerce Rules
Aug 25, 2016

The committee will be headed by the NITI Aayog CEO, Amitabh Kant. The other members in the panel include officials from commerce and industry ministry and department of electronics and IT among others.

  • It will look at all the issues including FDI pertaining to the e-commerce sector.
  • The committee would suggest ways to further promote the growth of the sector.
  • Representatives from four states including Maharashtra and Karnataka are also members of the panel.
  • Some e-commerce firms are facing taxation related problems in few states.
  • Setting up of this panel also assumes significance as the government has recently permitted 100% FDI in food processing sector.
  • There is also an issues related to e-commerce players selling pharmaceuticals.
  • The Department of Industrial Policy and Promotion (DIPP) has allowed 100% FDI through automatic route in the marketplace format of e-commerce retailing in March.
  • As per the guidelines, FDI has not been permitted in inventory-based model of e-commerce.

What is e-Commerce

  • Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet.
  • It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations.
  • It is currently one of the most important aspects of the Internet to emerge.
  • e-Commerce allows consumers to electronically exchange goods and services with no barriers of time or distance.
  • Business to Business or B2B refers to electronic commerce between businesses rather than between a business and a consumer.
  • B2B businesses often deal with hundreds or even thousands of other businesses, either as customers or suppliers. Carrying out these transactions electronically provides vast competitive advantages over traditional methods.
  • e-Commerce is faster, cheaper and more convenient than the traditional methods of bartering goods and services.

Electronic transactions have been around for quite some time in the form of Electronic Data Interchange or EDI. EDI requires each supplier and customer to set up a dedicated data link (between them), where e-Commerce provides a cost-effective method for companies to set up multiple, ad-hoc links.

Electronic commerce has also led to the development of electronic marketplaces where suppliers and potential customers are brought together to conduct mutually beneficial trade.

e-Commerce has expanded rapidly over the past few years and is predicted to continue at this rate, or even accelerate. In the near future the boundaries between conventional and electronic commerce will become increasingly blurred as more and more businesses move sections of their operations onto the Internet.

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