Saturday, May 25, 2024
HomeStartupsEcommerce Coverage In India Reaches Ultimate Stage Of Drafting & Extra

Ecommerce Coverage In India Reaches Ultimate Stage Of Drafting & Extra

[ad_1]

Probably the most awaited insurance policies for India are simply across the nook. The Minister of State for Commerce and Trade Som Prakash, on Wednesday (October 28), introduced that the nationwide logistics coverage, new industrial coverage, ecommerce coverage is within the closing phases of drafting.

On the digital occasion organised by FICCI, Prakash mentioned that the brand new nationwide retail commerce coverage is being formulated to help the event of the sectors which is anticipated to learn 65 Mn small companies. Additional, he mentioned that these insurance policies together with the help of the trade will assist in garnering a big chunk of the nation’s GDP, fuelled by commerce, ecommerce, and FMCG firms. 

On the identical time, the federal government has additionally unveiled ‘Consolidated FDI Policy Circular of 2020,’ associated to the implementation of the restrictions notified earlier this yr on Overseas Direct Funding (FDI) from particular person entities or residents of neighbouring international locations sharing the land border with India, together with Pakistan, Afghanistan, China, Nepal, Myanmar, Bangladesh and Bhutan, permitting such investments to be made solely by RBI or related authorities division. 

Within the current Consolidated FDI Coverage, the federal government has included the 26% cap on FDI when importing or streaming information and present affairs by digital media. With this consolidated FDI coverage, the federal government claimed to present all the most recent info on all sectors and stakeholders shouldn’t have to undergo separate press releases. 

Along with this, the Indian authorities has additionally arrange a screening panel headed by the house secretary, in collaboration with the secretary of the Division of Promotion of Trade and Inside Commerce (DPIIT). The panel has been set as much as vet all international funding proposals. Accordingly, the panel is alleged to approve solely ‘non-controversial’ proposals, and at present, it’s mentioned that there are greater than 100 Chinese language funding proposals pending. 

Furthermore, in an try to spice up the adoption of native apps within the nation, India seems to be to ramp up its Cellular Seva App Retailer to cull Google Play Retailer and Apple App Retailer. Fintech big Paytm has already began engaged on offering itemizing and distribution of mini-apps on its platform, freed from price. Nevertheless, builders and publishers must give a alternative of Paytm Pockets, Paytm Funds Financial institution, UPI, web banking and card funds to customers. 

This additionally comes at a time when Google not too long ago hosted a coverage webinar, together with Indian app builders, startup founders and different stakeholders to deal with issues over its insurance policies for the Play Retailer. Google refused to simply accept the calls for of Indian startups to roll again the 30% fee.

In one other replace, after the Chinese language apps ban by the Indian authorities due to the info safety issues, fashionable on-line gaming app PUBG Cellular, introduced that it will likely be terminating all its providers and entry for Indian customers from October 30, 2020 onwards. 

Startup Insurance policies In October 2020 

Listed below are among the largest startup-related coverage updates from throughout the nation.

Indian Govt Approves 16 Electronics Makers Below PLI Scheme 

Earlier this month, the Ministry of Electronics and Data Expertise (MeitY) accredited 16 purposes beneath the Manufacturing Linked Incentive (PLI) Scheme for big scale electronics manufacturing within the nation. Out of which, 10 has been accredited beneath the cell phone class. The accredited worldwide cell phone producers beneath this scheme embrace Foxconn Hon Hai, Samsung, Rising Star, Pegatron and Wistron. 

It needs to be famous that few of the businesses chosen beneath this programme are contract producers for international tech big Apple, which is at present seeking to manufacture the iPhone 12 Sequence within the nation. Additionally, each Apple and Samsung collectively comprise practically 60% of worldwide gross sales income for cell phones, and that the PLI scheme would assist improve the manufacturing base for these two firms in India. 

Andhra Pradesh To Launch Tourism Coverage Quickly

In a bid to draw extra non-public gamers to put money into Andhra Pradesh, Minister for Tourism, Tradition and Youth Development Muttamsetti Srinivasa Rao mentioned that the state authorities will launch a brand new tourism coverage quickly. At an occasion organised by CII, Rao mentioned that Andra Pradesh could be taking a lead among the many state in resuming the tourism operations after the pandemic has affected the sector badly. 

Karnataka Appears To Launch Cybersecurity Coverage Quickly 

In a bid to place an finish to cyberattacks within the state, the Karnataka govt is planning to introduce a cybersecurity coverage to handle the wants of all stakeholders, together with college students, working professionals and authorities companies. CN Ashwanth Narayan, Karnataka’s Deputy Chief Minister CN Ashwath Narayan mentioned that since Bengaluru is the hub for tech firms and startups, it is going to naturally be the prime goal for cyberattacks. Due to this fact, a necessity for strong infrastructure for guaranteeing cybersecurity is important, he added. 

At an occasion organised by FICCI, Nationwide Cyber Safety Coordinator Lt Gen (Dr) Rajesh Pant additionally mentioned that cybercrimes in India has precipitated India INR 1.25 Lakh Cr loss in 2019, and cyber threats will proceed to extend because the nation focuses on growing sensible cities and rolling out 5G community, amongst different initiatives. 

The Private Knowledge Safety Invoice To Be Tabled In The Parliament Subsequent 12 months 

The Joint Parliamentary Committee (JPC), which was alleged to submit the ultimate report on the Private Knowledge Safety (PDP) Invoice, 2019 throughout the monsoon session final month has been given an extension. It’s now requested to submit the ultimate invoice within the second week of the winter session of Parliament. Based on PTI, the ultimate PDP invoice, after incorporating the options of the JPC is anticipated to be tabled in Parliament subsequent yr. 

The JPC, chaired by BJP MP Meenakshi Lekhi issued summons to the social media giants. Lekhi mentioned that whosoever is required, whether or not a person or an entity, will likely be requested to depose earlier than the panel on the difficulty of safety of information and its privateness and their respective social media platforms will completely be examined by the panel. “It would be inappropriate and unfair to look at the calling of a social media platform from a political prism,” she added.  

India Warns Twitter Over India Map Misrepresentation 

The Indian authorities not too long ago wrote a letter to Twitter’s CEO Jack Dorsey expressing its disapproval of the misrepresentation of India’s location proven on the app, and the way it brings down the nation’s sovereignty and questions on Twitter’s neutrality and equity. The event involves mild after the Twitter app displaying a location of Jammu and Kashmir’s Leh as a part of the Folks’s Republic of China was flagged by Nationwide Safety Analyst Nitin Gokhale. To this, Twitter has acknowledged the letter and mentioned that it stays dedicated to working with the federal government and respects the sensitivities concerned.

Transport Ministry Plans To launch Pointers On Shared Mobility In December 

With social distancing turning into the brand new norm, the autos on the street are rising drastically. Due to this fact, in a bid to cut back the congestion on Indian roads, the transport ministry not too long ago introduced that it’s planning to problem pointers on shared mobility in December, specializing in pooling providers by non-public automobile house owners. 

Consistent with this, a senior authorities official advised Mint that the norms for ridesharing by non-transport non-public autos are anticipated to be launched in a month. “The idea is to encourage adoption of shared mobility, via cars or bikes. After this, states will have to implement it at their own discretion,” the report mentioned

DGCA Approves Drone Producers To Begin Coaching Faculties 

The Directorate Common of Civil Aviation (DGCA) has given a nod to central, state authorities our bodies and personal drone producers to develop into drone pilot coaching colleges. Beforehand, just a few Flight Coaching Organisations (FTOs) have been eligible to develop into drone pilot coaching institutes. Right here, the main focus was totally on coaching fixed-wing plane pilots. With this newest growth, drone producers can now pivot to beginning drone pilot colleges. 

MCA Discover To Ecommerce Corporations Over Show Of ‘Country Of Origin’

Whereas ecommerce firms proceed to take the ‘Country of Origin’ mild, the Ministry of Client Affairs (MCA) has issued notices to ecommerce firms akin to Flipkart and Amazon for not following the norms. It has now given firms 15 days to supply particulars, together with an evidence. Additional, the MCA has said that it’s going to take strict motion in the event that they fail to supply particulars on the delay.

Indian Govt Relaxes Secondary Itemizing For Home Corporations, Startups  

The Ministry of Company Affairs (MCA) and the Division of Financial Affairs has determined to not mandate secondary itemizing for home companies which select to record on abroad inventory exchanges. Prior-to-this, it had put up a clause that required Indian startups and firms to record on home inventory exchanges as nicely in case they selected to record abroad. 

The brand new coverage is mentioned to permit Indian companies to record their shares in seven international international locations for preliminary functions together with UK, Canada, Switzerland and the US. It’s also mentioned to permit startups to record overseas with out having to first record shares at residence, as a manner to assist startups attain increased valuations and entry capital extra simply. 

SC Asks Govt To Regulate OTT Platforms, UPI Knowledge Safety 

In a bid to regulate over-the-top (OTT) platforms, the Supreme Courtroom has issued a discover to the federal government, Ministry of Data and Broadcasting, and the Web and Cellular Affiliation of India (IAMAI) to arrange an autonomous physique. The plea said that OTT/Streaming and totally different digital media platforms have given a manner out for filmmakers and artists to launch their content material with out worrying about getting clearance certificates for his or her movies and sequence from the censor board. “Government departments have not done anything significant to regularise these OTT/Streaming Platforms.” 

Additionally, the SC has issued a discover to Centre, Google, Amazon and Fb over a petition filed by CPI MP Binoy Viswam in search of knowledge safety of transactions revamped Unified Funds Interface (UPI). 

On the identical time, the Web Freedom Basis (IFF), an Indian digital rights advocacy group, has raised questions over the federal government’s transfer to name on tech firms to permit backdoor entry to encrypted communications. In an RTI filed with the house ministry, exterior affairs ministry and IT ministry, the group asks if any authorized opinion was sought earlier than turning into a signatory, after India’s transfer to hitch 5 different international locations, together with the US, in urging tech firms to finish encryption involves mild. 

CPCB Points Discover To Patanjali, Flipkart For Flouting Environmental Norms 

The Central Air pollution Management Board (CPCB) not too long ago issued a discover to Flipkart and Patanjali Peya beneath Part 5 of the Setting (Safety) Act, 1986. Accordingly, the 2 firms have been requested to close down operations and pay atmosphere compensation for not complying with the provisions of Plastic Waste Administration (Modification) Guidelines 2018. 

“These companies were issued show-cause notices as they have not provided information for evidence-based assessment of the implementation of an action plan for fulfillment of Extended Producer Responsibility (ERP) liability,” mentioned CPCB. 

Govt Invitations Personal & Public Corporations For Setting Up Charging Infra 

The Division of Heavy Trade (DHI) has floated an Expression of Curiosity (EoI), inviting proposals from authorities organisations, public sector undertakings (PSUs), state-owned distribution firms and different non-public firms to arrange charging infrastructure for electrical autos (EVs). The proposals are for constructing EV charging infrastructure alongside among the nation’s main expressways connecting metric cities.

RBI Makes Actual Time Gross Settlement (RTGS) System Obtainable 24×7

The Reserve Financial institution of India (RBI) not too long ago introduced that the RTGS system will likely be made accessible on all days ranging from December. That is mentioned to facilitate swift and seamless funds in real-time for home companies and establishments. Presently, the RTGS system is on the market for purchasers from 7:00 am to six:00 pm on all working days of per week, besides the second and fourth Saturdays of each month. 

In one other replace, RBI has issued contemporary pointers beneath which cost aggregators must use UPI or Bharat QR as one interoperable QR code by March 21, 2022, as a measure to unify the burgeoning fintech alternative. Along with this, it has additionally barred cost system operators (PSOs) from launching any new proprietary QR code for cost transactions. 

Indian Govt Plans To Create Agristack To Assist Farmers 

The joint secretary within the Union Agriculture Ministry and CEO of Pradhan Mantri Fasal Bima Yojana (PMFBY) Ashish Kumar Bhutani mentioned that the federal government is planning to create an agristack to assist farmers for simple entry to varied farm schemes, alongside present widespread knowledge infrastructure of all farmers together with land file particulars. “This will act as a one-stop-shop for data, including access to finance by farmers, startups, and researchers for developing new apps, so that the benefits reach the grassroots,” he added. 

Will Govt Enable Chinese language Telcos To Take Half In 5G Trials? 

On the ‘Accountable AI for Social Empowerment (RAISE) 2020 Digital Summit, NITI Aayog CEO Amitabh Kant mentioned that every one the main gamers are there (for 5G trials in India), together with Chinese language firms so allow them to do the testing. Additional, he mentioned that the ultimate phrase on permitting Chinese language firms to take part within the 5G trials is but to be taken.



[ad_2]

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

chiffon dress design in pakistan on Realme 6 Pro Review | NDTV Gadgets 360
You searched for on Realme X50 Pro 5G Review
Telefoane Mobile Ieftine si Accesorii on Oppo Enco Free True Wireless Earphones Review