Group of secretaries on e-commerce to meet on Sep 13
The other members of the group include secretaries of the ministry of electronics and information technology and department of commerce. Representatives of Niti Aayog and department of economic affairs are also members of the group.
It stated that online retail firms may have to store user data exclusively in India in view of security and privacy concerns.
It also said that any group company of an online retailer or marketplace may not be allowed to directly or indirectly influence the price or sale of products and services on its platform, a move that could completely restrict e-tailers from giving deep discounts.
The draft has recommended permitting 49 percent foreign direct investment (FDI) in inventory-based business-to-customer e-commerce model. Currently, FDI in such businesses is prohibited and is allowed only in the marketplace model.
Besides, it has discussed adopting a common definition of e-commerce for the purpose of domestic policy-making and international negotiations as currently there is no commonly accepted definition.