Stricter e-commerce rules will hit business: American e-retailer giant Amazon Inc and India’s Tata Group have told the Centre that plans for tougher rules for online retailers would have a major impact on their business models, news agency Reuters reported. The warning came after representatives of the companies met government officials on Saturday, Reuters reported. The meeting was organized by the consumer affairs ministry and the government’s investment promotion arm, Invest India. Many executives expressed concerns and confusion over the proposed rules and asked that the July 6 deadline for submitting comments be extended, Reuters reported quoting officials.
The Consumer Protection (e-commerce) Rules, 2020, announced on June 21, will be implemented after factoring in industry views.
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