Indian government plans new laws for e-commerce
The Dollar Business Bureau Several e-commerce companies such as e-Bay and Amazon have urged the government to ease customs procedures to boost India’s exports The $3.5 billion e-commerce industry in India is expected to change significantly with a series of government plans underway to structure the largely unregulated sector. The Ministry of Consumer Affairs has stated that the government has constituted an Inter Ministerial Committee for considering the requirement of separate legislation in respect of Direct Selling/Multi-Level Marketing. Raosaheb Patil Danve, Minister of State for Consumer Affairs, informed the Parliament yesterday some e-commerce businesses have come under the purview of the Prize Chits & Money Circulation Schemes (Banning) Act, 1978 administered by Department of Financial Services, which could give rise to ...
