We deliver the new edition of News Roundup: Indian Startup Stories Of The Week!
This week underneath UK-India Tech Partnership announced the remaining yr, the governments have launched the Go Global program. As a part of this program, several of India’s maximum innovative and modern-day ‘tech for appropriate’ startups can have the threat to take part in the new program to enhance their business abilities, build links with the UK’s thriving virtual area and pave the way for future financial partnerships.
Successful Indian startups may be expected to act as Go Global champions and proportion the skills they discovered with other companies throughout India.
Further this week, the Ministry of Electronics and Information Technology (MeitY) is reportedly in talks to finalize the intermediary’s tips amendments by the stop of this month. The final guidelines will encompass the edit on middleman traceability through authorities’ businesses. Still, they will drop the proactive content tracking and takedown mandate proposed within the Information Technology Intermediaries Guidelines (Amendment) Rules, 2018 draft. MeitY had proposed these amendments to the IT Act to cut down the misuse of social media platforms and unfold faux information.
In digitization this week, the Small Industries Development Bank of India (SIDBI) delivered web-based total utility for Alternative Investment Funds (AIFs). The system has been introduced for contributions from AIFs below Fund of Funds for Startups (FFS). With the web portal, now available on the SIDBI internet site, the AIFs can fill up a shape online and song their software’s status.
In his maiden visit to the UK as India’s minister for trade and enterprise, Piyush Goyal addressed worldwide CEOs and confidence that policies could be quickly easing for unmarried-logo retailers. However, regulations on multi-logo retail would keep Goyal brought. He stated that India had opened up possibilities for single logo retail and would ease some “detrimental clauses” of the coverage within the next few weeks to assist foreign investors.
The week was full of exciting traits throughout regulations on retail and e-cigarettes, Amazon’s edtech launch, and much extra. Here’s a look at the vital Indian startup information testimonies of the week.
Important Indian Startup News Stories Of The Week
Amazon Launches IIT JEE Preparation App
Amazon has added the JEE Ready app in the beta phase, which lets students take free mock exams to prepare for Indian engineering. Take a look at i.E. IIT JEE. The app, which was launched at the Google Play Store by Amazon Mobile LLC, launched the remaining month. JEE Ready shall we users take mock assessments to prepare for real entrance checks and have over 1K installs thus far?
Paytm’s Japan Entity PayPay Reaches 8 Mn Users
In October 2018, Paytm partnered with SoftBank and Yahoo Japan to release PayPay bills provider in Japan. The QR code-based, totally cell fee service incentivizes customers with “relays,” i.E. Cashbacks and now Sharma has claimed that PayPay has 8 Mn users inside you. S. With “extraordinary traction.” It has to be cited that PayPay has over 10 Mn installs on Android’s Google Play Store, plus an unknown quantity of users on iOS as well.
Delhi, Bengaluru Join In Crackdown Against Chinese Ecommerce
Customs officers at the courier terminals in Bengaluru and Delhi have started to forestall clearing parcels shipped underneath the CB-12 (present and samples) path. Such properties have been being stopped in advance in Mumbai, and now even Chennai customs port is thinking about a comparable action. Apart from those four courier ports, Kochi and Kolkata airports also identically get hold of many programs.
Cars24 Shuts Down Outlets In Delhi
Gurugram-based online used vehicle marketplace Cars24 acquired nearly six felony notices from landlords in Delhi for non-payment of a lease for months. They have alleged that the business enterprise then shut down the stores at numerous places in “violations” of the hire agreements. The report claims that Cars24 has already shuttered approximately a dozen stores in Delhi. The criminal notices also allege that Cars24 had breached the settlement for terminating rentals before the lock-in period ended.
MeitY Threatens TikTok, Helo With A Ban
The Ministry of Electronics and Information Technology (Meity) has issued notices to TikTok and Helo in search of solutions over allegations of “anti-countrywide” activities. The messages reportedly have a hard and fast of 21 questions on the allegations with the aid of Rashtriya Swayamsevak Sangh (RSS) affiliate Swadeshi Jagran Manch (SJM). They have alleged that the platforms are being used for anti-country-wide activities. Meity has reportedly asked for assurance that the data of Indian users are not being transferred at present and will not be transferred in the future “to other foreign authorities or any 1/3 celebration or personal entity”.