No plans to form e-commerce regulatory authority: Piyush Goyal

Commerce and Industry Minister Piyush Goyal has said the government is not considering any proposal to create an e-commerce regulatory authority to monitor and regulate e-commerce business in India. Measures to check malpractices by e-commerce firms including predatory prices and deep discounts are laid down in the Competition Act 2002, he said. He added it also checks anti-competitive agreements.