Commerce Minister Nirmala Sitharaman may have put a spanner in the works as far as FDI in e-commerce is concerned. 
 

The Financial Express reported on Friday that the minister had said that where Foreign Direct Investment was concerned, the same rules as multi-brand retail would apply to e-commerce. 
 

FDI is banned in multi-brand retail and the same applies to e-commerce also," she said at an Indian Express Group's Idea Exchange forum. 

 
The BJP-led government has made it clear that it is opposed any FDI in multi-brand retail.

Sitharaman's statement comes at a time when the Enforcement Directorate (ED) is closely scanning capital structures of various companies operating in the e-commerce space.
 
A few days back, the ED had found online retail firm Flipkart in violation of Foreign Exchange Management Act (FEMA) provisions. It is also investigation other e-commerce sites for similar violations. 
 

src:sify.com