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. India set out a new draft policy to govern its ever-increasing e-commerce sector. Background . E-commerce platforms would be required to provide to consumers the details of sellers, including phone numbers, customer complaint contacts, email and addresses. E-commerce platforms would be required to provide to consumers the details of sellers, including phone numbers, customer complaint contacts, email and addresses. 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. What is e-commerce? Restricts marketplaces from influencing prices in a bid to curb deep discounting. Various e-commerce companies led by #Amazon and #Flipkart have raised concerns related to these clarifications. India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. The Video discusses the basics related to the e-commerce … 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 … the various E-Commerce stakeholders, maintaining a level-playing field for relevant stakeholders. In November 2018, the OnePlus 6T phone went on sale exclusively on Amazon, besides being available on the phone company’s website. Such “exclusive sale” deals are common and popular across e-commerce platforms in India. For this clause, the provision of services to any vendor on such terms that are not made available to other vendors in similar circumstances will be deemed unfair and discriminatory. The e-commerce revolution in India is setting a dangerous precedent which defies traditional market logic. 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. 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. Tag:IAS UPSC IASbaba RSTV Debate, RSTV Big Picture UPSC IAS, No.38, 3rd Cross, 1st Phase, The revised norms are aimed at protecting the interest of domestic players, who have to face tough competition from e-retailers having deep pockets from foreign investors. The newly drafted e-commerce rules would protect domestic firms and may further restrict the way foreign companies operate within the country. 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 … E-commerce companies would be barred from selling products sourced from firms in which they have a stake in or control over. Your email address will not be published. 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. These UPSC notes on E-commerce new rules in India are aligned with the UPSC Syllabus and aspirants should prepare this topic for … Features and issues of draft e-commerce policy. The government would appoint an e-commerce regulator to ensure the industry is competitive with broad access to information resources. 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. Download e-commerce notes PDF for IAS Exam. 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. Discuss the salient features of Consumer Protection (E-Commerce) Rules, 2020. For more UPSC related preparation materials and articles, visit the links given in the table below: Your email address will not be published. The government has released the draft e-commerce policy. 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. The policy mandates that no seller can sell its products exclusively on any marketplace platform. Over 6 lakh users. aspirants can find more notes from the links given at the end of the article. This will impact backend operations, as Group entities would have to be removed from the e-commerce value chain. Chandralayout, Bengaluru-40 Landmark: Just 50m from Karol Bagh Metro Station, GATE No. Once this definition is taken in conjunction with the foreign direct investment (FDI) rules, the situation becomes complex. E-Commerce - Read about mobile commerce, electronic funds transfer, supply chain management, Internet marketing and more related to e-commerce. Landmark: Opposite to BBMP Office / CULT Fitness, IASBABA, 5B, Pusa Road, Karol Bagh, New Delhi – 110005. The policy will look at e-commerce only, even the aspect of cross border data flows,” the person said. Inventory model - FDI may be allowed in inventory-based e-commerce companies up to 49%. Consumers may no longer enjoy the deep discounts offered by retailers that have a close association with marketplace entities. 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