The number of employees receiving increments this year will be higher than last year, according to the sources
Ride hailing services firm Uber on Thursday said it has signed a pact with government-backed Open Network for Digital Commerce (ONDC). A Memorandum of Understanding (MoU) was signed in the presence of Uber CEO Dara Khosrowshahi at an event where he spoke with Infosys Chairman, Nandan Nilekani, on the subject of 'Building Population Scale Technology.' "Our vision for Uber in India is to serve the mobility needs of all Indians. This is in line with ONDC's objective of democratising digital commerce. "We are excited to take our first step through this MoU with ONDC to explore how we can accelerate our ambition to make Uber a platform for every Indian's daily mobility needs," Uber India and South Asia, President, Prabhjeet Singh said. Khosrowshahi said companies and governments around the world can learn from the scale and ambition of India's Digital Public Infrastructure, according to a statement. He added that as a technology company, Uber views open source tech stacks with a lot of
India is looking at ways such as free trade agreements to enable domestic MSMEs to participate in public procurement of different countries, Commerce Secretary Sunil Barthwal said on Monday. He said that 10-15 per cent of the GDP of any country accounts for public procurement, which could be around USD 10-15 trillion in value terms. Several countries give preference to micro, small and medium enterprises (MSMEs) in their public procurement. "In fact, there are various ways by which countries promote MSMEs, we also promote them in India in the sense that we give them special purchase preference. "As more and more FTAs (free trade agreements) are getting signed...we are also looking at...how MSMEs...can have access to public procurement of different countries, so (that) Indian companies may get an opportunity... MSMEs from other countries can get access to our portal," Barthwal said here at an event. Under the India-UAE free trade pact, government procurement contracts worth over Rs
ONDC is a network enabler and not a platform, and therefore it has systematically worked towards adding more network participants, merchants, cities and transactions (orders per day) to the network
Traders' body CAIT and other organisations released a five-point "Delhi Declaration" charter on Wednesday, reiterating its demands for the immediate rollout of a robust e-commerce policy and the formation of an empowered regulatory body. Claiming that the e-commerce spectrum of the country has been vitiated, CAIT Secretary General Praveen Khandelwal told PTI: "We have demanded from the government that the e-commerce policy should be rolled out immediately. Likewise, a national policy for retail trade should also be declared as soon as possible and a Regulatory Authority should be constituted". We have also demanded that e-commerce rules under the Consumer Protection Act should be implemented, which is pending since three years. There has to be a holistic approach not only for e-commerce but retail trade as well so that there is no overlap, Khandelwal added. At the Indian Trade conclave organised by the Confederation of All India Traders (CAIT) and associations related to traders, ..
The proposed policy seeks to ensure that e-commerce marketplaces sell only third-party products on their platform
"None of the e-commerce companies refuted the charges made by the CAIT and other associations," CAIT said in an official statement
E-commerce spat reveals deeper faultlines
The traders' body has also suggested to come up with a monitoring mechanism to ensure compliance of these regulations by the online majors.
In a consultation between industry associations and Department of Consumer Affairs, industry representatives sought extension beyond the July 6 deadline.
New Indian e-commerce rules will raise costs for all online retailers but particularly Amazon and Walmart's Flipkart as they may have to review their business structures, senior industry sources said
While discount sales will continue to benefit consumers, 'fraudulent' and 'back-to-back' flash sales can't take place, as they limit fair competition and make small businesses uncompetitive
DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years
The Commission's latest study on the e-commerce market is almost a precursor to the Amazon-Flipkart probe order and it also sheds light on the Commission's new thought process
From consumer goods to fashion and lifestyle as well as aircraft manufacturers, cause-led advertising rules the day
The draft e-commerce policy has proposed setting up a legal and technological framework for restrictions on cross-border data flow
After years of debate, the focus is back on Indian sensibilities - whether it's about having local data or servers in India or having a differential e-com policy