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Govt’s e-commerce policy draft limits Amazon, Google, Facebook in boost to local startups

From seeking access to companies’ source codes and algorithms to setting up a regulator, the e-commerce policy imposes govt oversight on how companies handle data.
Pedestrians

All products sold via any channel must state country of origin, demands traders’ body

In a letter to Commerce Minister Piyush Goyal, CAIT says details about the composition of products must be inscribed and violations must invite penalty.
Patanjali CEO Acharya Balakrishna (left) and Patanjali founder Baba Ramdev (right)

Herbal drugs to rice & dal, ‘swadeshi’ Patanjali goes online to take on Amazon, Flipkart

The website will deliver a variety of products sold under the Patanjali brand. It will also offer free online telemedicine services in local languages.
Representational image | Pexels

Biggest-ever deal — It’s now up to discount-hunter Indians to bring V-shaped economic recovery

From Amazon to Nykaa, most e-commerce sites are offering heavy discounts this lockdown. And Indians are patiently scrolling and wishlisting.
Ravishankar Prasad

India can be a digital economic powerhouse if new IT Act removes ambiguity around e-commerce

It should reflect the new realities of India’s digital challenges by removing ambiguities around technology in law & create a stable regulatory environment.
File photo of Mark Zuckerberg | David Paul Morris/Bloomberg

Mark Zuckerberg refocuses on online retail with Facebook’s ‘Shops’

Shops is a new version of an existing Facebook feature with a similar name, and will let retailers upload product catalogs to their page or Instagram profile.

Jio-Facebook deal: Boosts India as FDI destination or threatens to be e-commerce monopoly?

Mark Zuckerberg-led Facebook has bought a 9.99 per cent stake in Mukesh Ambani's Reliance Jio Platforms for Rs 43,574 crore.

E-commerce curbs and China FDI rules: Is Covid-19 making India more protectionist?

The Centre revoked permission to e-commerce firms to sell & deliver non-essential items from Monday. It has also issued new FDI rules to cut the risk of "opportunistic takeovers".
Traders have blamed e-commerce sites like Amazon & Flipkart for poor Diwali sales

Govt reverses order, prohibits sale of non-essential items through e-commerce

An order issued by Union Home Secretary Ajay Bhalla excludes sales of non-essential items by e-commerce companies from the consolidated revised guidelines.
Electronics ( representational image) | Bloomberg

Mobiles, TVs, refrigerators to be available on e-commerce platforms from 20 April

The announcement to allow sale of electronic items is part of revised guidelines issued by The Home Ministry for the extended lockdown period till 3 May.

On Camera

Representational image | Pixabay

Scuba divers are turning plastic waste in the oceans into Covid face masks

Diving organisation PADI has teamed up with a watersports clothing company to recycle bottles recovered from the ocean to make a range of face coverings.

Refining industry enters ‘age of consolidation’ with ‘catastrophic’ margins

A refinery thrives on the price difference between crude oil and fuels like gasoline, earning a profit that’s known in the industry as a cracking margin.

Defence

File image of Indian soldiers in Ladakh | By special arrangement

No de-escalation in Ladakh yet, but some forward movement could be expected this week

India and China have agreed on an initial de-escalation plan and a 72-hour observation window to make sure steps agreed upon have been taken on the ground.
Illustration by Soham Sen | ThePrint

It’s time for China, Pakistan, even India to rethink the fantasy Modi called expansionism

India, China and Pakistan all want territory from another. But it’s a pursuit doomed to fail as they can’t get it without annihilating the other.