37% rural youth sans Internet access: Study
The government has dropped the idea of defining the term marketplace, casting a cloud over the model widely used by e-commerce companies to circumvent foreign investment rules.
Marketplaces are websites that connect buyers to sellers, offering services such as warehousing, logistics and payments. There is no definition of an online marketplace under current FDI (foreign direct investment) laws.
Indian laws currently allow 100% foreign investment in business-to-business (B2B) e-commerce but none in traditional multi-brand retail and retail e-commerce—i.e., business-to-consumer, or B2C.
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