According to documents accessed by The Indian Express, the Finance department in its review, said, “It is of the view that subsidy should only be given to needy sellers up to a certain limit and cannot be open-ended…”
On the anvil for a year, the Delhi government’s Dilli Bazar policy appears to have run into some hurdles. This, sources, said could delay its launch.
According to sources, the Finance department has raised certain objections to the proposal by the Industries department, which is executing the policy. “The Finance department has asked the Industries department to place on record if any preliminary study has been conducted with regard to financial stability, profit margin and average annual income of Delhi sellers in order to ascertain the actual requirement of subsidy,” said a Delhi government official.
According to documents accessed by The Indian Express, the Finance department in its review, said, “It is of the view that subsidy should only be given to needy sellers up to a certain limit and cannot be open-ended…”
It also asked the Industries department to ensure availability of sufficient funds in the relevant head of account during the financial year 2023-24 and subsequent financial years to meet the proposed expenditure.
On the government’s plan to collaborate with an existing e-commerce platform and engage an MSP for three years, the Finance department asked the Industries department to “initiate necessary amendments in the e-commerce regulations and other statutory laws, in consultation with the Law, Trade & Taxes and other departments concerned of GNCTD and Government of India, if required, and place the instant proposal before the competent authority…”
Source : indianexpress
