Panel Satisfying Goes Over Ecommerce Definition

First Panel Satisfying Discusses Ecommerce Meaning, Grievances On Policy

The panel went over concerns such as payment mechanisms, etc

The advancement comes post announcement that most suggestions of the draft e-commerce policy will be examined by the panel of secretaries

Currently, commerce and market ministry, customer affairs, department of IT, WTO, OECD, and UNCTAD have separate definitions of ecommerce

The very first conference of the recently formed ecommerce panel of secretaries was hung on Thursday(September 14), during which concerns associated with meaning of ecommerce and grievances related to certain clauses of ecommerce policy were gone over.

The panel of secretaries is headed by the Industry secretary Ramesh Abhishek.As of now, commerce and market ministry, consumer affairs, department of IT, WTO, OECD, and UNCTAD have different definitions of ecommerce. In order to mitigate confusion, the proposed draft ecommerce policy discusses a common definition of ecommerce for the purpose of domestic policy making and for adoption of worldwide negotiations.The panel likewise discussed other problems including payment systems, methods to manage sale of fake items through online platforms, and facilitating logistics for the sector.Clauses Under Discussion By The Panel Below are a few of the clauses that are developing a dispute and are being gone over after protests from

numerous sectors of the market -The draft advised proposed permitting 49 %foreign direct financial investment in inventory-based business-to-customer

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