E-commerce
Committee to examine competition law for digital companies
With digital technologies blooming exponentially, the need for regulating e-commerce and other digital competitions becomes vital. Today, the competition in the commercial market is governed by Competition Act, of 2002. The act does not give in enough for the digital ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2024
BharatPe Gets Nod for ePayment Aggregator Licence
Fintech unicorn BharatPe recently announced that it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. The approval was granted to the company’s wholly-owned subsidiary, Resilient Innovations Private Ltd. This comes as ..
Month: Current Affairs - January, 2023
Category: Science & Technology Current Affairs
UPI Reaches Record High in December
India’s Unified Payments Interface (UPI) processed a record 7.82 billion transactions in December, worth a total of INR 12.82tn ($174.6bn). This represents an increase of 7.12% in volume and 7.73% in value compared to November. On a year-on-year basis, volume ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2024
Microsoft in ONDC platform
Recently, Microsoft joined the Open Network for Digital Commerce (ONDC) of the government, with the objective of introducing social e-commerce in Indian market. Significance of this move include; Microsoft is the first big technology company to tie up with government ..
Month: Current Affairs - August, 2022
Category: Economy & Banking Current Affairs - 2024
Pilot phase of Open Network for Digital Commerce (ONDC)
Recently, the pilot phase of the open network for digital commerce (ONDC) was launched. Where is the pilot being conducted? The pilot is being conducted across five cities Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong. It will be later launched in ..
Month: Current Affairs - May, 2022
Category: Science & Technology Current Affairs
RBI Draft Norms for Trade via E-commerce
The Reserve Bank of India has proposed to modify the existing norms that are in place with the aim of rationalizing and simplifying the process for payment settlement for imports and exports through e-commerce. Overview: The draft guidelines named ‘Processing ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024