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In a recent development, the Indian government has announced new regulations for e-commerce platforms operating in the country. The new rules aim to tighten control over the sector and ensure fair competition among online retailers. As per the guidelines, e-commerce companies must provide proof of compliance with the FDI policy and submit a certificate confirming their adherence to all regulations. Additionally, they are required to appoint a nodal officer for 24/7 coordination with law enforcement agencies. The move comes amid growing concerns over the dominance of big players in the e-commerce market and their alleged anti-competitive practices. The government is keen on promoting a level playing field for all online retailers, including small and medium-sized businesses. These new regulations are expected to bring more transparency and accountability to the e-commerce sector in India. Industry experts believe that the move will help foster a more competitive market environment and protect the interests of consumers. The government has also emphasized the importance of data privacy and security, urging e-commerce companies to comply with all data protection regulations. Overall, the new regulations signal a significant shift in the e-commerce landscape in India and are likely to have a far-reaching impact on the sector. It remains to be seen how e-commerce platforms will adapt to these changes and ensure compliance with the stringent guidelines set by the government.

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