India announces eBooks have to be discounted

(26 February 2016)  Michael Kowzlowski in his blog reveals that India has implemented a new policy that will dramatically decrease the cost of eBooks, a big win for consumers who will be able to buy more digital content, while spending less.

The Information and Broadcasting Ministry announced that “One of the key highlights of the policy include promoting online readership by pricing the digital version of the publication at 75% of the price of printed version. This would ensure that 25% discount is passed on to the readers.”

According to the policy, the revenue earned from sales of digital books would be shared in the ratio of 70:30, between the publications division and e-commerce platform.

GoodEreader has the story in full.