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 ..
E-commerce: GK, Current Affairs, Questions, Trivia and News
E-Commerce major Flipkart recently shut down its Jabong- lifestyle and fashion e-commerce portal. The users are being redirected to the website of its another fashion company, Myntra. Flipkart, which is now owned by Walmart, had acquired Jabong for $70 million four years back. As there was a dip in number of app downloads and its ..
With a view of a better understanding of the function of e-commerce and its inferences for markets & competition in India, The Competition Commission of India (CCI) delivered a report named `Market Study on E-commerce in India: Key Findings and Observations’ today, on 8th January 2020. Its objective is to identify obstacles emerging from e-commerce ..
The global e-commerce giant, Amazon, has opened its largest center in the world in Hyderabad. This campus will house over 15,000 members out of the 62,000 members of the Amazon India group. Why is this significant? The latest development by Amazon is significant as it is one of the largest and fastest-growing companies in the ..
The Shillong Declaration on e-Governance was adopted at the 22nd National Conference on e-Governance held at Shillong. Shillong Declaration The Shillong Declaration’ outlines the future trajectory the country would take in terms of e-Governance. The declaration states that: The Government of India and State Governments would collaborate to improve the citizen’s experience with Government services by ..
The Department of Consumer Affairs (DCA) under the Ministry of Consumer Affairs , Food and Public Distribution has released the draft “e-commerce guidelines for consumer protection 2019” to protect the interest of online shoppers. The draft stated that an e-commerce entity such as Amazon and Flipkart cannot directly or indirectly influence the price of the ..
The Union Minister for Commerce and Industries Piyush Goyal has asked the companies to submit concerns on draft e-commerce policy in 10 days. Draft Policy: Key Components It proposes setting up of a legal and technological framework for restrictions on cross-border data flow. It lays out conditions for businesses regarding collection or processing of sensitive ..
PayPal India has launched its OneTouch experience in India by using Google Smart Lock. This feature will permit Indian consumers to register their android device with PayPal and stay logged into PayPal for further PayPal purchases on that device, thus removing the issue of repeated log-ins and enabling a seamless payments experience. It will provide ..