Interest accrued on motor accident compensation will no longer attract TDS See 'Corp Brief') FM proposes uniform MAT Treatment for non-resident opting for Presumptive Tax See 'Corp Brief') Tax certainty for non-resident individuals See 'Corp Brief') Govt. revised criteria for Inter-Group loan exclusion from 'Dividend' definition See 'Corp Brief') FDI Limit in Insurance Sector raised to 100%, subject to full domestic investment of premiums See 'Corp Brief') Govt to facilitate ICAI, ICSI, ICMAI to run short-term know-how courses for youth See 'Corp Brief') Government to set up 'BharatTradeNet' as Unified Digital Platform for international trade See 'Corp Brief') Sovereign Gold Bond Capital Gains exemption to apply only to original holders at maturity See 'Corp Brief') CSIR-NIO's Vizag Centre to play key role in offshore energy: MoS (See 'Corp Brief') FEMA - Statement recorded u/s 37 of FEMA did not amount to confession of criminal offence: HC (See 'Legal Desk') International Olympic Academy Director impressed by India's vision for sports (See 'Corp Brief') WB ranks India among top 5 in terms of private investment in infra (See 'Corp Brief') SEBI - In absence of explicit permission/exemption with respect to RFQ requirements, Noticee should have suspended its services if it was not feasible to engage large amounts of funds into working capital: SEBI (See 'Legal Desk') Survey: India should focus on application-based AI tools (See 'Corp Brief') IBC - NCLT can't decide title disputes over assets, including IPRs such as trademarks, unless they have direct & proximate nexus with insolvency resolution process: SC (See 'Legal Desk') UNCTAD ranks India as leading economy in trade partner diversification (See 'Corp Brief') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Print

National policy on retail trade in pipeline: MoS

Published: Jul 17, 2019

By TIOLCORPLAWS News Service

NEW DELHI, JULY 17, 2019: THE MoS for Commerce & Industry, Mr Som Prakash, today in Parliament stated that the National Retail Trade Policy is under formulation. Comprehensive stakeholder consultations in all the States through FICCI, CII, ASSOCHAM, PHDCCI and other trade and commerce associations were conducted to get feedback on the needs and demands of the small traders. A video conference of Minister of Commerce and Industry with representatives of Industry Associations, Export Organizations and Traders Organizations was held on 18.02.2019, attended by more than 10,000 participants from a total of 42 NIC Centers and 29 other locations across the country.

Stakeholder consultations were also held under the Chair of Secretary, Department for Promotion of Industry & Internal Trade on 25.06.2019 to consider issues facing the retail sector and possible solutions for resolving them.

Regarding e-Commerce, the Department of Commerce established a Think Tank to formulate a “Framework for National Policy on E-commerce” and a Task Force under it which deliberated on the challenges confronting India in the area of digital economy and electronic commerce (e-commerce). The Think Tank was further divided into various sub-groups, comprising representation at the technical level from the Government, industry and experts with domain knowledge.

A draft National e-Commerce policy has been prepared and placed in public domain. Comments from various stakeholders (companies, Industry associations, think tanks, foreign governments) have been received. Meetings have been held under the chairmanship of Minister for Commerce & Industry with industry stakeholders, e-Commerce companies, associations of kirana stores, traders and retailers to discuss matters relating to e-commerce. The last such meeting took place on June 24, 2019.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.