DPIIT likely to release India s draft e-commerce policy this month
SECTIONS
Share
Synopsis
DPIIT is trying to iron out differences among ministries on setting up an e-commerce regulator. Some ministries have suggested that the Central Consumer Protection Authority under the consumer affairs ministry should take up the role.
ETBrandEquity
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) is likely to release
a new draft of the proposed e-commerce policy by this month.
The DPIIT is trying to iron out differences among ministries on setting up an e-commerce regulator and its reach. Some ministries have suggested that the Central Consumer Protection Authority under the consumer affairs ministry should take up the role. The issue was discussed at an inter-ministerial meeting on Saturday to deliberate on the draft e-commerce policy.
RBI revokes CoA of RiddiSiddhi Bullions, AGS Transact
March 10, 2021
×
The Reserve Bank of India (RBI) has revoked the Certificate of Authorisation (CoA) of Payment System Operators (PSOs) RiddiSiddhi Bullions Ltd and AGS Transact Technologies Ltd for setting up, owning and operating White Label ATMs (WLAs).
The central bank, in a statement, said it has revoked the CoA of the aforementioned PSOs in exercise of the powers conferred on it under Section 8 of the Payment and Settlement Systems Act, 2007.
The RBI cited non-compliance with regulatory requirements as the reason for revocation of the CoA. ATMs set up, owned and operated by non-banks are called WLAs.
PM urges people to follow 3 health rules to check Covid-19
568
DHAKA, Mar 09, 2021 (BSS) – Prime Minister Sheikh Hasina today urged the people to follow three health safety protocols to stop the spread of coronavirus (Covid-19) in the country.
She made the call at the regular cabinet meeting held at the Secretariat, joining virtually from her official residence Ganabhaban.
Cabinet Secretary Khandker Anwarul Islam briefed newsmen after the meeting.
“Wherever we are, vaccinated or not, we should follow three protocols – must wear facemask, maintain the highest possible caution and stay in a limited number in the public places of gathering such as places of recreation or other social events,” he quoted the Prime Minister as saying.
Paytm, Ola join forces to apply for NUE licence
Paytm founder and Chief Executive Officer Vijay Shekhar Sharma said the company sees the NUE system to play out as a great opportunity for payments in the country
PTI | March 9, 2021 | Updated 23:38 IST
Representational Image
Paytm on Tuesday said it is applying for NUE (New Umbrella Entity) in a consortium with players including ride hailing platform Ola, as part of its efforts to develop more innovative and inclusive digital payments solutions for the Indian population.
Speaking to PTI, Paytm founder and Chief Executive Officer Vijay Shekhar Sharma said the company sees the NUE system to play out as a great opportunity for payments in the country.
RBI s proposal for new umbrella entities for retail payments puts pressure on NPCI
In August last year, the central bank had unveiled the framework for setting up umbrella entities for operating pan-India retail payments systems and invited applications from eligible companies.
BusinessToday.In | March 9, 2021 | Updated 21:40 IST
Asbe said the move has put a lot of pressure on NPCI s management team and 1,000 employees.
The Reserve Bank of India s move to allow new umbrella entities (NUEs) for operating pan-India retail payments systems has put pressure on the National Payments Corporation of India (NPCI) to continue its innovation, its MD and CEO Dilip Asbe said.