No proposal to constitute e-regulatory authority for e-commerce, says Commerce Minister Piyush Goyal

NEW DELHI: There is no proposal under consideration of the government to constitute e-regulatory authority to regulate and monitor e-commerce business in India, Parliament was informed Wednesday.

“No such proposal is under consideration of the government to constitute e-regulatory authority to regulate and monitor e-commerce business,” Commerce and Industry Minister Piyush Goyal said in a written reply to the Lok Sabha.

He said measures to check malpractices by e-commerce companies including predatory prices and deep discounts are laid down in the Competition Act, 2002, which also checks anti-competitive agreements, including vertical restraints.