CAIT stresses need for empowered regulatory authority for e-com biz

The Confederation of All India Traders (CAIT) while submitting its objections and suggestions to the draft of e-commerce policy has stressed the need for formation of an empowered regulatory authority to regulate and monitor the e-commerce business in India as also the regulations should be imposed on domestic e commerce players as well.

It has also suggested that Cash on Delivery (COD) system in e commerce should be completely banned. The CAIT has supported the principle of data localisation and creation of a trustworthy, transparent and effective e commerce marketplace having equal opportunities for small traders to participate fearlessly in order to moving small business to digital landscape and has demanded the Government to carve out a equitable policy to encourage small traders to join e commerce business.