Kathmandu, March 4 -- Nepal's Parliament passed the Electronic Commerce (e-commerce) Bill on Sunday, marking a milestone in regulating the country's burgeoning trade, nearly two and a half decades since the launch of Nepal's first store.

The bill includes revisions of the penalties for business platforms.

Under the amendment, if platform operators fail to meet their legal responsibilities, they could face a jail term of up to three years, an increase from the previously proposed two years.

The upper house approved the list of amendments to the E-commerce Bill prepared by the lower house on Sunday, a year and a half after the upper house initially passed the bill.

The lower house had passed it on February 18.

The bill proposes fines r...