According to a senior official, the government may bring the current fiscal of the e-commerce policy though no timeline can be given. Guru prasad Mohapatra, Secretary, Department of Promotion, industry and Internal Trade, said, "The draft e-commerce bill is out. We have just begun stakeholder consultations. Since it is a very important policy.
He added, "We are talking about commercial data here. There is a large amount of e-commerce data. I can't give it a timeline, but we will bring it to the target in the current fiscal year." Maybe he was in india for the second edition of india Start Up Summit, an initiative of the DPIIT. Mohapatra said the Data Privacy Bill of IT is about privacy issues about personal data. Furthermore, e-commerce is tricky to regulate as many domains as IT, retail, payments and consumers. The DPIIT asks that localization of e-commerce data in the country and making it accessible to indian startups would greatly benefit local innovation.
Moreover, many ministries have their own e-commerce rules at work. However, the IT ministry and the consumer affairs ministry have begun the process of parallel consultations to regulate their own rules.
