Draft e-commerce rules and their challenges – Explained, pointwise

Introduction The government has proposed changes to the e-commerce rules under the Consumer Protection Act to make the framework under which firms operate more stringent. It comes 11 months after the Government notified the Consumer Protection (E-Commerce) Rules, 2020, The latest proposals aim towards greater compliance and protecting the interests of consumers. Ministry of Commerce and Industry has earlier… Continue reading Draft e-commerce rules and their challenges – Explained, pointwise

“Gold hallmarking” Becomes Mandatory

What is the News? The government has announced the phased implementation of mandatory Gold Hallmarking of Jewelry, with effect from June 16, 2021. What is gold Hallmarking? The Bureau of Indian Standard (BIS) operates the gold and silver hallmarking scheme in India. It defines hallmarking as the accurate determination and official recording of the proportion of… Continue reading “Gold hallmarking” Becomes Mandatory

“OFB Corporatisation” Approved by Cabinet

What is the News? The Union Government has approved a plan for Ordnance Factory Board(OFB) Corporatisation. About Ordnance Factory Board(OFB): Ordnance Factory Board(OFB) is an umbrella body of 41 Ordnance Factories. Origin: In 1775, British authorities accepted the establishment of the Board of Ordnance in Fort William, Kolkata. This marked the official beginning of the Army… Continue reading “OFB Corporatisation” Approved by Cabinet

Govt launches the first phase of “MCA21 version 3.0” online portal

What is the News? The government of India has launched the first phase of the MCA21 version 3.0 to its digital corporate compliance portal. About MCA21: Firstly, MCA21 is the online portal of the Ministry of Corporate Affairs(MCA). It was initially launched in 2006. Secondly, Purpose: It has made all company-related information accessible to various… Continue reading Govt launches the first phase of “MCA21 version 3.0” online portal

Analysing the Social security code 2020 for Informal Workforce

Synopsis: Critical analysis of the social security code 2020  reveals that it is short of providing universal social security for informal workers. Background Informal workers constitute 91% of the workforce. The Pandemic had pushed them into severe poverty and debt burden due to loss of livelihoods. Social security arrangements could have saved them from the… Continue reading Analysing the Social security code 2020 for Informal Workforce

Indian Offshore Model will Dominate Global IT Sector

Synopsis: The Indian IT industry will dominate the global landscape due to various advantages associated with the offshore model Introduction: According to analysts, India is increasingly becoming an attractive market for tech companies from all over the world. What is the offshore model or the Work from home model? In simple terms, it is the… Continue reading Indian Offshore Model will Dominate Global IT Sector

“RoDTEP Scheme” -Delay in Notification of Rebate Rates

What is the News? Exporters are upset over the inordinate delay in the notification of the rates under the RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme. About Remission of Duties and Taxes on Exported Products(RoDTEP) Scheme: Ministry of Commerce and Industry announced the RoDTEP scheme in the year 2020. It came into effect… Continue reading “RoDTEP Scheme” -Delay in Notification of Rebate Rates

“Startup India Seed Fund Scheme” launched

What is the News? Union Minister of Commerce & Industry launches the Startup India Seed Fund Scheme (SISFS). About Startup India Seed Fund Scheme (SISFS): The scheme was announced during the Prarambh: the ‘Startup India International Summit’. Which marks the 5-year anniversary of the Startup India initiative. Objective: Firstly, Startup India Seed Fund Scheme(SISFS) aims to… Continue reading “Startup India Seed Fund Scheme” launched

“National Startup Advisory Council” – First Meeting Held

What is the News? The Minister of Commerce & Industry chaired the first meeting of the National Startup Advisory Council(NSAC). About the National Startup Advisory Council(NSAC): National Startup Advisory Council(NSAC) was constituted by the Department for Promotion of Industry and Internal Trade(DPIIT). Purpose: To advise the Government on measures required to build a strong ecosystem for… Continue reading “National Startup Advisory Council” – First Meeting Held

Prospects of India’s Automotive industry

Synopsis: Automotive Industry will help India achieve a $5 trillion economy. A favourable government policy can support the Auto industry to grow by 10-12 per cent per year for the next 10 years. Recent developments in India’s automotive industry Increase in Demand: for example, in the last 3 decades passenger vehicle volume increased 15 times,… Continue reading Prospects of India’s Automotive industry