Commerce and industry minister Piyush Goyal on Friday said the ministry will “very shortly” come out with certain clarifications on the e-commerce sector. Domestic traders have often complained about alleged violations of FDI norms by foreign online players.
Goyal said the ministry is not changing any policy on e-commerce for foreign direct investment as the policy is crystal clear.
“We will also come out with the e-commerce policy and whatever clarifications... Certain instances have come to our notice where the policy is not being followed in letter and spirit, we will obviously be clarifying that very shortly,” he told reporters.
The statement assumes significance as the minister recently said that all e-commerce companies should follow the law of the land and not use money power to hurt Indian interests. Meanwhile, Goyal has reviewed 59 issues in 20 critical infrastructure projects with an anticipated investment value of nearly Rs 2.7 lakh crore, an official statement said on Friday.
GST compensation meet
Finance minister Nirmala Sitharaman said on Thursday that a special session of the GST Council will be held soon to discuss all compensation-related issues. The finance minister, who is in Karnataka, said she had assured the states a special session of the Council would be held where every issue related to compensation would be discussed in detail.
