E Commerce Definition :
a Space Ship ?
I will repeat what I have said many times earlier
As long as our imagination remains confined to “ SHIP “ as a mode of traversing huge “ DISTANCES “ , we will never manage to go very far into
the intergalactic “ SPACE “
Concept of a “ SHIP “ is good enough for sailing on “ OCEANS “ girdling our earth but totally inadequate
for SPACE
We will conquer the SPACE only when we stop thinking
in terms of a SHIP and start thinking in the terms of 4th dimension
, called TIME
Why this long prologue ?
For over 2 years , a Committee of Govt Secretaries has
been trying to come up with a definition of :
E COMMERCE
Here is today’s news :
Extract :
The policy is expected to
set a new definition for
ecommerce that will pin greater
liability and responsibility on online retailers………….
A group of nine
secretaries led by commerce secretary Rita Teaotia will meet on Friday to discuss data localisation, FDI
in inventory-based online
retail, consumer protection and
emerging technologies as India seeks to finalise an ecommerce policy by
year-end.
It suggested this
for business-to consumer ecommerce models ,
* with Indian entrepreneurship and control,
* with
stipulations such as less than 51% stake for a single foreign entity as the
ultimate beneficiary owner (UBO),
* 100% selling of
* made-in-India goods, and the
*
founder/promoter to be a resident of India.
“ This would require defining made-in-India
products and their accreditation
by a competent authority,” the subgroup submitted.
What a short-sightedness !
If you want to know why this “ Definition “ of E Commerce is bound to fail , read :
E
- Commerce is Easy Commerce ! [ 15
Nov 2015 ]
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