Govt may set up independent regulatory authority for e-commerce sector

The Centre may set up an independent regulatory authority for the e-commerce sector much like the Securities and Exchange Board of India (Sebi), an official statement said on Friday.

The Department for Promotion of Industry and Internal Trade (DPIIT) is also working towards setting up an Open Network for Digital Commerce (ONDC) platform.

Commerce minister Piyush Goyal on Friday chaired a meeting to review the ONDC initiative, along with members of its advisory committee. In the meeting, Goyal suggested some guidelines or basic infrastructure, size, ethics and principles of the platform.

ONDC is a network based on open protocol and