India to issue draft e-commerce policy in few weeks: government source
28 Dec 2018 3:32 AM GMT
India introduced changes to foreign direct investment rules
AIOVA's case alleged Flipkart was not adhering to a section of India's anti-trust laws that says companies should not abuse a dominant market position through unfair or discriminatory pricing.
India will announce a new draft policy for e-commerce in a few weeks, a source in the government said on Thursday, a day after the country tweaked foreign investment rules for the burgeoning sector.
The new e-commerce policy could entail provisions for a regulator in the sector dominated by US tech giant Amazon.com and homegrown Flipkart, which was bought over by retail giant Walmart for $16 billion earlier this year.
India on Wednesday introduced changes to foreign direct investment rules, banning e-commerce players from selling products from entities in which they have an equity interest, a move the source said was aimed at preventing anti-competitive practices. The source declined to be named as the matter was not public.
( Source : reuters )
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