Naturally Indian government has become serious about
violation of various laws by many e-commerce players. For instance,
Indian government has already referred the cases of Flipkart and
Bharti Walmart to the Enforcement Directorate for alleged
violation of foreign direct investment (FDI) regulations. Similarly,
a probe
against Walmart in India for market access lobbying has
been ordered by Indian government.
Our legal system does not have enough safeguards in
place to address issues like identity theft, unfair credit charges
and other such problems. These issues are closely related to online
shopping and e-commerce business.
In this severe case, I guess having imposed rules and regulations alone is not sufficient. The e-commerce players are not afraid of those laws because they are just words and do they no harm. Therefore, stricter enforcement needs to be put in place like harsh punishment for those who do not abide by the law. The players will then be afraid of fines and other modes of punishment and will have to adhere to the rules.
ReplyDelete