100% FDI in E-Commerce
Q. As per recent norms how much percentage cap on total sales from one vendor or its group companies has been placed on e-commerce firms?- Published on 31 Mar 16a. 30%
b. 25%
c. 50%
d. 35%
ANSWER: 25%
- As per the norms, an e-commerce firm will not be permitted to sell more than 25 per cent of total sales from one vendor or its group companies.
- E-commerce entities providing marketplace will not directly or indirectly influence the sale price of goods or services and shall maintain level playing field.
- This may require some of the existing players to alter their structures.
- The cap of 25% on sales by a vendor on marketplace will ensure a broadbasing of vendors for a true marketplace.