Chinese company Huawei Tech is seeking access to India’s “Trusted Telecom Portal” and e-commerce companies in India are subject to further scrutiny. The headlines this morning.

Government plans strict compliance and flash sale ban in draft standards for e-commerce companies

The Center provides guidelines for e-commerce businesses, including the appointment of a compliance officer, prioritizing the sale of locally produced goods, mandatory registration of online traders with the Industry Promotion Department and Internal Trade (DPIIT), in an attempt to tighten the regulatory regime and make these companies more accountable.

The changes were proposed under the 2020 Consumer Protection (Electronic Commerce) Rules “to protect the interests of consumers and encourage free and fair competition in the market,” the Ministry of Consumer Affairs said on Monday. Read more.

Airtel announces partnership with Tata group for 5G network solutions

Bharti Airtel on Monday announced a strategic partnership with steel-software conglomerate group Tata for 5G network solutions.

It will be based on open radio access network (ORAN) technology, it is planned to deploy the solution first in India and then for export. The plan is seen as an ambitious move compared to Airtel’s initial plan to collaborate with hardware and software players to build a 5G network at the lowest price. Read more

RBI may not raise funds through bonds

The Reserve Bank of India (RBI) will use the existing 10-year bond to raise at least Rs 14,000 crore on the markets on Friday, bringing the outstanding amount of paper to over Rs 1.33 trillion, possibly the amount. highest ever raised against a Security.

The move lends credence to the theory that the central bank might not want to issue a new round of 10-year papers in a rush and would rather continue with existing security. Read more

Chinese company Huawei Technologies seeks access to “trusted” source portal

Chinese company Huawei Technologies has requested permission to access the government’s Trusted Telecom Portal, which went live on June 15 so that it can share details of the telecommunications products that telecommunications service providers have. agreed to buy.

This decision is important because the new national security directive on the telecommunications sector in no way prohibits them from participating in the process of selling telecommunications equipment of any kind to private telecommunications operators. Read more

Union cabinet may soon approve rupee 6,322 crore steel PLI program

The Union cabinet is expected to soon approve a rupee 6,322 crore production-linked incentive program (PLI) to boost domestic special steel manufacturing and attract more investment, government officials said.

The program will provide an incentive of 4 to 15 percent to qualifying companies on additional production, subject to a minimum investment for special steel made in India and covered by the PLI program. Read more

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