E-commerce norms on global lines: Government

Relevance: 

Synopsis: 

The EU and countries like the US, Australia, Japan and Singapore, have strict e-commerce regulations. The proposed Draft e-commerce rules are aimed at fulfilling the evolving global architecture. 

How are the e-commerce companies governed globally? 

  • The European Union: In December 2020, the European Commission proposed a digital regulation package consisting of the Digital Services Act and Digital Markets Act. The Acts seek to put curbs on large platforms or “gatekeepers”. 
  • The US: There are federal antitrust laws that discourage anti-competitive behaviour by companies. Apart from that, a new bill was proposed to rein in alleged monopolistic behaviour of big tech companies. 

European Unions

Challenges:   

  • India’s Manufacturing capacity is limited: In several cases, goods have to be imported because India does not have the manufacturing capability of such products at low cost. So, pushing made-in-India products will not provide cost effective products to consumers.  
  • Inventory model for e-commerce is allowed in other countries, while it is forbidden in India. Flash sales are not banned elsewhere in the world 

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Source: Times of India 

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