The former bureaurcrat is serving as an independent director on the Paytm Payments Bank board
Many products are still entering India through Delhi, Bengaluru and Kochi.
The guidelines say that marketplaces cannot directly or indirectly influence the price of the product.
The government has tried to address most of the concerns of the startup community.
The recommendation has been written basis feedback received from over 40,000 consumers and 10,000 small and medium enterprises between October and January.
Barely a couple of months away from the Lok Sabha elections, the government is in a fix on whether to first launch a draft for consultation or release the e-commerce policy.
According to a report by LocalCircles and the Indian Private Equity & Venture Capital Association (IVCA), over 73 percent of startups, which raised capital between Rs 50 lakh to Rs 2 crore in India, have received angel tax notices from the I-T Department till date
There was no clarity if the government will push for an open consultation by the industry stakeholders on the draft before coming out with the final policy.
The decision was taken after a round-table that DPIIT and CBDT had with key angel investors and startups on February 4. It was chaired by Abhishek.
"The new e-commerce policy, initially drafted by industry stakeholders, is currently waiting for clearance from the DIPP," Prabhu told PTI without elaborating.
The matters related to internal trade were earlier under the domain of the Ministry of Consumer Affairs.
The meeting assumes significance as several start-ups have claimed that they have received income tax notices on angel investments.
The notification excludes startups who already received assessment notices and only people with certain financial stature can be investors and it is taking the form of an investment tax.
The four incentives -- employment incentive, transport incentive, reimbursement of central share of CGST and IGST, reimbursement of central share of income tax - have been provided under the revised Industrial Development Scheme for Jammu & Kashmir.
The government, earlier, had clarified that private labels were not banned from being sold on e-commerce marketplaces
The damage that foreign deep pockets have done in India is substantial and probably irreversible
The move is expected to help the postal department enhance its infrastructure and further facilitate delivery for the e-commerce sector.
In a politically opportunistic move, the government last week tightened norms for online retailers.
The development is likely to impact the business of multiple foreign sites such as Shein and AliExpress.
The department has developed a district-level reform plan that has been shared with the state and union territory governments for implementation.
"The event will showcase the Indian startup opportunity for funds from around the world. The summit aims to attract more global capital into the country," it said.
The suggestion to make DIPP the nodal department is learnt to have come from NITI Aayog Chief Executive Officer Amitabh Kant
The World Bank's 'ease of doing business' report is slated to be released in October.
Initiatives to promote budding entrepreneurs are carried out by the department of industrial policy and promotion (DIPP), which is part of the ministry.
Questioning the methodology of DIPP-World Bank ranking, the Gujarat has sought clarification.