CAIT
demands special regulator for e-commerce sector
Extract from the article:
The Confederation of All India
Traders (CAIT) is urging for a specialized regulator for the e-commerce sector
in India, citing concerns over monopolistic practices.
CAIT
emphasizes the necessity of regulatory reforms due to the lack of oversight in
the sector, which is deemed a threat to the economy.
This demand
for regulatory intervention underscores the growing complexity of issues
surrounding e-commerce operations and market dominance, particularly by big
players.
The call for a special regulator by
CAIT signifies a shift in how trade organizations are reacting to the changing
landscape of retail, acknowledging the need for strategic oversight mechanisms
to ensure fair competition and market equilibrium.
My Take:
E-Comm
Rules: Parekh's Laws of E-Commerce……08/09/2023
The concept of advocating for
regular reviews and updates of e-commerce rules aligns with the current
situation highlighted by CAIT. In my earlier blog, I stressed the importance of
adapting regulations to the evolving e-commerce environment.
The demand for
a specialized regulator stems from the same concerns I previously addressed,
emphasizing the need for proactive measures to maintain a fair market.
If
You Cannot Lick Them; Join Them……24/07/2015
CAIT's decision to embrace
e-commerce after initial resistance echoes the adaptability and strategic shift
I discussed in this blog.
By launching
its own e-commerce portal, CAIT is taking steps to compete with established
online platforms, showcasing the necessity of evolving with the changing times
to stay relevant in the retail landscape.
Call to Action:
To the Confederation of All India
Traders (CAIT), I recommend establishing a dialogue with policymakers and
industry stakeholders to collaboratively design a regulatory framework that
fosters fair competition and innovation in the e-commerce sector.
Embracing
transparency and inclusivity in the regulatory process can lead to sustainable
growth and a level playing field for all market participants.
With regards,
Hemen Parekh
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