The Commerce and Industry ministry plans to issue clarifications on the new e-commerce policy to ensure players work within the regulatory boundaries and do not influence consumer choice. The ministry ordered the Reserve Bank of India and the enforcement directorate to initiate a fresh probe against Amazon and Flipkart regarding allegations of violation of foreign direct investment norms.
The ministry also pointed at recent data to argue exports were improving and a decline in the number of coronavirus cases in several developed countries in Europe as well as in the US will help push shipments from the country. He also assured that the the steps announced in the Budget as well as the production linked incentive scheme will boost investment and help revive economic activity. The ministry further said that India was well below the prescribed limit for public procurement of foodgrains under the WTO rules.
