DIPP: Nodal agency on FDI policy - General Economics & Indian Economy
Q. Consider the following statements
1. The Department of Industrial Policy and Promotion (DIPP), which is under the Ministry of Commerce and Industry, is the nodal agency on FDI policy.
2. Currently 100% FDI is allowed in in B2C ecommerce portals.
Which of the above statements is/are correct? - Published on 06 May 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Only 1
The official policy allows FDI in B2B ecommerce but not B2C. Recently government discussed various issues related with foreign direct investment in B2C e-commerce sector with several stakeholders including Flipkart, Snapdeal, Amazon and industry associations like CII, FICCI, NASSCOM etc. The players in domestic space like Flipkart and others want that the government should not open up 100 percent FDI in the B2C space.
