E-commerce in India Current Affairs, GK & News
Draft National e-commerce Policy-Highlights
The government discussing and is in process of developing regulations for the personal and non-personal data through the Draft National e-commerce policy. The policy highlights that the government have laid down the principles regarding the usage of data for development of any of the industry where such norms are not in effect. With the draft ..
Month: Current Affairs - March, 2021
Category: Legal & Constitution Current Affairs
Topics: Data breaches • Draft National e-commerce Policy • E-commerce in India • e-commerce marketplaces • Right to Privacy
Why do online sellers file Anti-trust cases against Amazon in India?
E-commerce giant Amazon is going to face a legal battle as an anti-trust case has been filed with the Competition Commission of India against Amazon India by a group of about 2,000 online sellers. Issues The members of the All India Online Vendors Association, who sell goods on e-commerce sites like Amazon and Flipkart, accused ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Topics: Amazon India • Amazon Prime • Business • Competition Commission of India • E-commerce in India
RBI to regulate entire activities of Payment Aggregators
The Reserve Bank of India recently announced that it will regulate the entire activities of Payment Aggregators (PAs). Payment Aggregators enable the e-commerce sites and merchants to accept various payment instruments from the customers. As per the guidelines on regulation of PAs and Payment gateways (PGs), the existing PAs should attain a net-worth of Rs ..
Topics: E-commerce • E-commerce in India • Reserve Bank of India
Google joins hands with Union Government for ‘Digital Payment Abhiyan’
Nasscom’s Data Security Council of India (DSCI) has recently collaborated with the Ministry of Electronics and Information Technology (MeitY) and Google India to launch a nationwide awareness campaign ‘Digital Payment Abhiyan’. The campaign will educate end-users on the benefits of making digital payments and urge them to adopt security and safety best practices. The pan-India ..
Topics: Data Security Council of India • DSCI • E-commerce in India • Economy • Financial services • Mobile payments • Mobile payments in India • Money • Online payments • Payment systems
NEFT to be available 24X7
The Reserve Bank of India has announced that the National Electronic Funds Transfer (NEFT) facility will be available round-the-clock basis from December 2019. At present NEFT payment system operated by the Reserve Bank as a retail payment system is available for customers from 8 AM to 7 PM on all working days of the week ..
Topics: Banking • Banking in India • E-commerce in India • Economy • Electronic funds transfer • Financial services • National Electronic Funds Transfer • NEFT • Payment and settlement systems in India • Payment system • Real Time Gross Settlement • Reserve Bank of India • RTGS • Wire transfer