E-commerce can spur intra-South Asia trade: World Bank

News:The World Bank has released a report titled “Unleashing E-Commerce for South Asian Integration”. Facts: Key takeaways from the report: The report has said that e-commerce can become a driver of growth across South Asia and boost trade among the region’s countries but its potential remains largely untapped. The online sales in India as a… Continue reading E-commerce can spur intra-South Asia trade: World Bank

India rejects RCEP e-commerce chapter

News:India has rejected the e-commerce chapter of the Regional Comprehensive Economic Partnership (RCEP) agreement. Facts: What did the e-commerce chapter contains? The e-commerce chapter contains clauses which if India had agreed to them,would have prevented India from implementing data localisation rules on companies doing business in India. Instead, India has proposed that participating country can… Continue reading India rejects RCEP e-commerce chapter

E-commerce guidelines to be mandatory under consumer protection law

The government has decided to make the draft e-commerce guidelines mandatory under the new Consumer Protection Act,2019. The E commerce guidelines will be applicable on all business to consumer(B2C) e-commerce platforms. The guidelines seeks to protect personally-identifiable information of customers and set a 14-day limit for payments toward refund requests.  The Consumer Act also sets… Continue reading E-commerce guidelines to be mandatory under consumer protection law

India seeks to push reforms,development agenda at WTO

India will be hosting the second informal meeting of trade ministers from about 20 member nations of the World Trade Organization (WTO) on May 13,2019. This meeting assumes significance as several countries are raising questions over the relevance of the WTO.Many countries are also taking protectionist measures which is impacting the global trade. However,India has… Continue reading India seeks to push reforms,development agenda at WTO