Tag:IAS UPSC IASbaba RSTV Debate, RSTV Big Picture UPSC IAS, No.38, 3rd Cross, 1st Phase, Marketplaces are meant for genuine, independent sellers, many of whom are MSMEs (Micro, Small & Medium Enterprises). The Need: India’s roaring digital economy, with half a billion users and growing, is witnessing pitched battles in everything from online retail and content streaming to messaging and digital payments. Also, foreign e-commerce companies providing live streaming services that use payment tokens should be regulated to ensure that users route such transactions through formal and regulated payment channels. Any service like logistics provided by e-commerce companies to vendors in which they have direct or indirect equity participation or common control stake should be fair and non-discriminatory. Mandates government access to online companies’ source codes and algorithms, which would help ensure against “digitally induced biases” by competitors, Govt. Background . For more UPSC related preparation materials and articles, visit the links given in the table below: Your email address will not be published. The Commerce Ministry to carry out a fresh round of consultations with stakeholders to address concerns raised by many on the proposed e-commerce policy. Don’t lose out on any important Post and Update. 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The first restriction explicitly disallows e-commerce marketplace companies from selling private labels that are brands they directly or indirectly own, on their platforms. The time has now come to look at franchise channels, rather than equity investments channels, to do business in India,” Rajiv Chugh, National Leader, Policy Advisory & Speciality Services, EY India, said. UPSC Exam. Download e-commerce notes PDF for IAS Exam. Marketplace model of e-commerce means providing of an information technology platform by an e-commerce entity on a digital and electronic network to act as a facilitator between buyer and seller. Smaller sellers on online platforms, which have been contesting the preferential treatment meted out by Flipkart and Amazon to their entities, have reason to cheer. Under the new rules, the e-commerce retailer shall be deemed to own the inventory of a vendor if over 25 per cent of the purchases of such a vendor are through it. Commerce and Accountancy is one of the many optional subjects that can be opted for the Civil Services Mains Exam.UPSC Commerce and Accountancy Syllabus for UPSC Mains Exam consists of two papers for 250 marks each. Earlier separate Ministries for Small Scale Industries & Agro and Rural Industries (SSI&A&RI) and Heavy Industries and Public Enterprises (HI&PE) were created in October, 1999. [New Batch] IASbaba’s Courses- UPSC 2021 : e-CLP, ILP, AIPTS, TLP Connect- ADMISSIONS OPEN! “Draft National E-Commerce Policy” ... Today, Insights is synonymous with UPSC civil services exam preparation. The policy focuses on six broad issues of the e-commerce sector, which includes data, infrastructure development, e-commerce marketplaces, regulatory issues, stimulating domestic digital economy and export promotion through e-commerce. What is e-commerce? Features and issues of draft e-commerce policy. Examples of E-Commerce companies: Few examples of the E-Commerce systems are Flipkart, Snapdeal, Amazon, Myntra, OLX, OlaCabs […] They had started luring away so many customers with discounts and cashback — and of course, the ease of buying without stepping out — that brick-and-mortar retail was seen to be dying off soon. The e-commerce revolution in India is setting a dangerous precedent which defies traditional market logic. Complement your preparation for the upcoming exam by checking the following links: IAS Exam aspirants can find more notes from the links given at the end of the article. E-commerce Portal: ekhadiindia.com | UPSC HEADLINES: The E-commerce Platform becomes another symbol of Ministry’s process re-engineering; this time through e-marketing WHY IN NEWS: Ministry’s khadi arm- Khadi & Village Industries Commission (KVIC) launches E-commerce … This will impact backend operations, as Group entities would have to be removed from the e-commerce value chain. Consumers may no longer enjoy the deep discounts offered by retailers that have a close association with marketplace entities. For imported goods, the country of origin and value of work done in India should be clearly specified. Recently, the Ministry of Commerce & Industry reviewed and amended the Foreign Direct Investment (FDI) Policy in e-commerce in order to ensure a level playing field between offline and online sectors. Any service on an e-commerce platform – logistics, warehousing, or easy financing options – will now have to be offered to all sellers and not to only preferred sellers. E-commerce companies would be barred from selling products sourced from firms in which they have a stake in or control over. These changes will enable a level playing field for all sellers, helping them leverage the reach of e-commerce. Such “exclusive sale” deals are common and popular across e-commerce platforms in India. What is e-commerce? The government has said that e-commerce entities will have to maintain a level playing field, and ensure that they do not directly or indirectly influence the sale price of goods and services. The main features of the clarification include the provision that vendors that have any stake owned by an e-commerce company cannot sell their products on that e-commerce company’s portal. E-commerce firms are needed to comply with the new guidelines by February 1, 2019. With this, special offers like cashback, extended warranties, faster deliveries to some brands will be prohibited, with the view to provide a level playing … India set out a new draft policy to govern its ever-increasing e-commerce sector. New E-Commerce Rules in India [UPSC Notes GS-III]:-Download PDF Here. Landmark: Just 50m from Karol Bagh Metro Station, GATE No. Explain. Insights has redefined the way preparation is done in UPSC civil service exam. India’s roaring digital economy, with half a billion users and growing, is witnessing pitched battles in everything from online retail and content streaming to messaging and digital payments. Inventory model - FDI may be allowed in inventory-based e-commerce companies up to 49%. aspirants can find more notes from the links given at the end of the article. 8 (Next to Croma Store). Back2Basics: Invenetory model and marketplace model. Chandralayout, Bengaluru-40 Given the unique authorities and oversight, Customs can and should play a central role in the cross-border management of E-Commerce, leveraging existing conventions, instruments and tools. The policy will look at e-commerce only, even the aspect of cross border data flows,” the person said. The Policy takes into account interests of all stakeholders, be they investors, manufacturers, MSMEs, traders,retailers, startups and consumers. Department of Industrial Policy & Promotion was established in 1995 and has been reconstituted in the year 2000 with the merger of the Department of Industrial Development. Discuss the salient features of Consumer Protection (E-Commerce) Rules, 2020. The government has been working on the policy for at least two years amid calls to reduce the dominance of global tech giants like Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc. 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Take advantage of our expertise in supply chain management and operations processes. Way forward. Government, in consultation with relevant stakeholders, will define the categories of e-commerce that would require mirroring or localization. The index scores 152 nations on their readiness for online shopping, worth an estimated USD 3.9 trillion globally in 2017, up 22 per cent from the previous year. The government has released the draft e-commerce policy. Electronic Commerce, commonly known as E-commerce or eCommerce, is trading in products or services using computer networks, such as the Internet. can ascertain whether e-commerce businesses have “explainable AI,” referring to the use of artificial intelligence as there’s a tendency among some of the leading companies to exercise control over most of the information repository. The e-commerce policy will be aligned with these issues. The policy mandates that no seller can sell its products exclusively on any marketplace platform. The new guidelines restricting discounts and cashback will help brick-and-mortar retailers retain customers. India’s new e-commerce policy came into effect on February 1, 2019. The policy says a vendor will not be permitted to sell more than 25% of its products on an online platform of a single e-marketplace firm. This will allow e-commerce firms to offer their own brands — as long as they are made in India. Global corporations lead in each of these segments, while local startups have sought help from a sympathetic government that recently banned dozens of apps backed by Chinese technology giants. ; The main feature of the market place model is that the e-commerce firm like flipkart, snapdeal, amazon etc. E-commerce platforms would be required to provide to consumers the details of sellers, including phone numbers, customer complaint contacts, email and addresses. The rules cover marketplaces working as aggregators, and inventory-led models where the retailer owns the stocks. This article will describe in detail new e-commerce rules in India, its effect on major e-commerce players, vendors, and consumers. Currently, e-commerce platforms are allowed only to follow marketplace model where 100% FDI is allowed. The newly drafted e-commerce rules would protect domestic firms and may further restrict the way foreign companies operate within the country. Body. of consumers among relevant e-commerce actors is key to promoting consumer welfare and enhancing consumer trust; On the proposal of the Committee on Consumer Policy: I. The National e-Commerce Policy lays down strategies to address issues pertinent to the sector-Consumer protection, data privacy, and maintenance of a level playing field.Need for policy. Latest Current Affairs in May, 2020 about National E-Commerce Policy. On the issue of where data is stored, the draft leaves open the question of which e-commerce platforms would have to keep information locally. Once this definition is taken in conjunction with the foreign direct investment (FDI) rules, the situation becomes complex. É grátis para se registrar e ofertar em trabalhos. Various e-commerce companies led by #Amazon and #Flipkart have raised concerns related to these clarifications. This will ensure that the network effects do not lead to creation of digital monopolies misusing their dominant market position. These UPSC notes on E-commerce new rules in India are aligned with the UPSC Syllabus and aspirants should prepare this topic for General Studies Paper III. The policy draft was prepared by the Ministry of Commerce’s Department for Promotion of Industry & Internal Trade. The rules stipulate that e-commerce platforms will have to set up a grievance redressal cell and appoint a nodal officer, and ensure all complaints are resolved within a month. This topic is important for the UPSC Mains exam. the various E-Commerce stakeholders, maintaining a level-playing field for relevant stakeholders. E-commerce companies will be required to make data available to the government within 72 hours, which could include information related to national security, taxation and law and order. Linking the rules, procedures, and incentives for the imports and exports with other government schemes like Make in India, skill India, Digital India etc for the purpose of the export promotion. The Department For Promotion of Industry and Internal Trade (DPIIT) has released the draft National e-Commerce Policy for public comments.. Hosting data overseas has been a sticking point in previous drafts, which sparked criticism for being heavy-handed in helping local startups at the expense of others. Learn everyday with Experts!! India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. To know how FDI will affect E-commerce in India, visit the linked article. and aspirants should prepare this topic for General Studies Paper III. Also, it curbs the practice of deep discounts, the government said they cannot directly or indirectly influence the price of goods and services, and also brought in a new set of rules that bar the sale of products exclusively in one marketplace. The government would appoint an e-commerce regulator to ensure the industry is competitive with broad access to information resources. Your email address will not be published. How many Articles are there in the Constitution. UPSC Commerce and Accountancy Syllabus 2020 for IAS Exam is released in the official notice of Civil Service exam. Landmark: Opposite to BBMP Office / CULT Fitness, IASBABA, 5B, Pusa Road, Karol Bagh, New Delhi – 110005. 2nd Stage, 60 Feet Mains Road, This will allow e-commerce firms to offer their own brands as long as they are made in India. Over 6 lakh users. E-commerce regulation and need of e-commerce policy. OGP InstaClasses- Classroom Program - 2021 (Online) Samsung launched its new A9 phone exclusively on Flipkart. Ecommerce companies cannot charge additional prices from third-party sellers for these services. Click to download our app. From the point of view of the vendor too, the clarification said that an entity with an equity stake owned by an e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to sell its products on the platform run by such marketplace entity. These services include logistics, warehousing, advertisement, marketing, payments, financing, etc. And while it’s simple to attribute the changes to the pandemic, many of the trends impacting e-commerce fulfillment were already in motion before Covid … Busque trabalhos relacionados com E commerce policy upsc ou contrate no maior mercado de freelancers do mundo com mais de 19 de trabalhos. The Video discusses the basics related to the e-commerce … E-commerce companies will be required to make data available to the government within 72 hours, which could include information related to national security, taxation and law and order. The government should also come with an e-commerce policy soon so that small vendors get enough chances to participate in the online business. “Data mandate is with the ministry of electronics and information technology . Important Notice : e-Admit Card - Civil Services (Main) Examination, 2020 The SOs-Stenos (Grade B-Grade-I) LDCE, 2016 onwards scheduled to be notified on … AGREES that this Recommendation applies to business-to-consumer e-commerce, including commercial practices through which businesses enable Demand of the question Introduction. The newly drafted e-commerce rules would protect domestic firms and may further restrict the way foreign companies operate within the country. The task force has recommended that FDI may be allowed in inventory-based e-commerce companies up to 49%, with the condition that the e-tailer sells 100% Made-in- India products. Do you agree? Well, not anymore. Restricts marketplaces from influencing prices in a bid to curb deep discounting. , e-commerce platforms are allowed only to follow marketplace model where 100 % FDI is allowed and., follow the linked article primarily the Internet this definition is taken in conjunction with the new guidelines February... 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