INDIA
BABUS PUT TOGETHER A WISHY-WASHY E-COMMERCE POLICY
BID TO ESTABLISH BUREAUCRATIC STRANGLEHOLD WITH A VENGEANCE
2018-08-08 10:53
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India’s policy wonks and mandarins in the Ministry of Commerce & Industry have at long last woken up from their feigned slumber to put in place a draft National Policy on Electronic Commerce (e-commerce) a few days ago. This draft with warts and all would now be scanned by a heavy 70-member think tank chaired by Union Minister for Commerce & Industry and Civil Aviation Suresh Prabhu. As the draft was authored by the just-retired Commerce Secretary Rita Teaotia, it had all the ingredients to make the stakeholders feel frustrated. This is presumably so as the draft is replete with typical gobbledygook and cumbersome provisions ranging from mandatory data localization, compliance with foreign investment caps in e-commerce and a national regulator for e-commerce that is likely to be headed by a serving or retired babu with a perverse incentive to indulge in regulatory capture or ride his or her hobby-horse to harass the players on the field.