Traders' body CAIT on Sunday sought early rollout of thee-commerce policy to put curbs on alleged malpractices of large e-commerce players in India.
The Confederation of All India Traders (CAIT) claimed that the country's e-commerce ecosystem has been greatly vitiated by large e-commerce companies.
It noted that in the wake of the rise in market share ofe-commercein domestic trade, it is all the more necessary to have a robust and well defined policy so that small businesses do not suffer at the hands of large e-commerce firms having "deep pockets" and enormous resources.
The government last year released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection orprocessing of sensitive data locally and storing it abroad.
CAIT has also sought formation of a regulatory authority for regulating and monitoring e-commerce business and having adequate powers to penalise offenders of the proposed e-commerce rules.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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