Here comes another serious topic of debate for Nepalis!<\/p>\n
While there is an undergoing debate on social media regulation<\/a>, the government has come up with another policy announcement related to digital platforms.<\/p>\n The government is coming up with new e-commerce regulations to monitor the rapidly-growing online market<\/a> space.<\/p>\n Toya Narayan Gyawali, Joint Secretary at the Ministry of Industry, Commerce and Supplies informed that the draft regulations would be finalized in a month\u2019s time.<\/p>\n \u201cAfter the draft is finalized, it will be submitted to the Cabinet for its approval to implement it,\u201d said the official<\/span>.<\/p><\/blockquote>\n With consumer protection as the key agenda, the new regulations are coming in view of the increasing number of consumer complaints.<\/p>\n Under the new regulations, e-tailers and marketplaces will now be liable for any sale of fraudulent, substandard and defective products, adds Gyawali.<\/p>\n Besides monitoring online frauds, the new regulations will also have a close watch on electronic transactions, regulate transactions involving foreign currency and also promote Nepali products to the global market.<\/p>\n According to government, there are a large number of unregistered ecommerce firms operating in the country.<\/p>\n \u201cOur neighbors India and China have made great strides in the development of e-commerce, and Nepal also needs to move ahead by improving services,\u201d said Gyawali.<\/p>\n \u201cE-commerce has massive growth potential, so proper regulations are necessary for the development of this sector. Nepal lags behind in e-commerce because of a poor information and technology<\/a> infrastructure. With regard to IT friendly people, Nepal falls in the average category among the least developed countries,\u201d adds Gyawali<\/span>.<\/p><\/blockquote>\n Addressing gaps, the government<\/a> is coming up with draft regulations after a series of discussions with the private sector players. <\/strong><\/p>\n The regulations also focus on encouraging Nepal ecommerce sector with enhanced ease of doing business in the country.<\/p>\n The Ministry of Information and Communications Technology Spokesperson said that the new regulations also include provisions for management of electronic transactions and international transactions in foreign currency.<\/p>\n Follow Us for more interesting government-related Nepali news updates<\/a>…<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Here comes another serious topic of debate for Nepalis! While there is an undergoing debate on…<\/span><\/p>\n