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Microsoft To Join ONDC | Will it ends the dominance of Flipkart & Amazon ?

Microsoft joins India's ONDC WHAT HAS HAPPENED? US firm Microsoft has become the first big tech company to join the Open Network for Digital Commerce (ONDC), A government-backed project which is aimed at enabling small merchants and mom-and-pop stores in parts of the country to access processes and technologies that are typically deployed by large e commerce platforms such as Amazon and Flipkart. The software giant intends to introduce social e-commerce - group buying experience in the Indian market, Which would include a shopping app for Indian consumers along with their social circle, harnessing the ONDC network to discover the best pricing among retailers and sellers. WHAT IS OPEN NETWORK FOR DIGITAL COMMERECE ? It is an initiative aimed at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks. ONDC is to be based on open-sourced methodology, using open specifications and open network protocols inde...

New Rules for Voting registration Introduces by ECI Whats new rule ?

Election Commission introduces New voter list rule WHAT HAS HAPPENED ? for voting registration in an effort to ensure greater participation of youth in polls. As per the latest rule, the poll body has decided that those above 17 years of age can now apply in advance to register as voters once they turn 18. RULE TILL NOW ? Till recently, people turning 18 on or before January 1 of a particular year were eligible to enrol themselves in the voters' list. And, those turning 18 after January 1 had to wait for one whole year to register as voters. 4 NEW DATES BY EC Following change in election law, people can resister as voters on January 1, April 1, July 1 and October 1 on turning 18. According to an EC statement on Thursday, the poll panel led by Chief Election Commissioner Rajiv Kumar and Election Commissioner Anup Chandra Pandey has directed, The poll machinery in the states to work out tech-enabled solutions to facilitate those abo...

US economy still in recession | Declining in 2nd quarter too | What will be effect on India ?

Recession begins in USA Impact on India WHAT HAS HAPPENED? The US economy shrank for a second straight quarter, raising chances of a recession, As decades-high inflation undercut consumer spending and Federal Reserve interest-rate hikes stymied business investment and housing demand. Gross domestic product fell at a 0.9% annualized rate after a 1.6% decline in the first three months of the year. The median projection in a Bloomberg survey of economists called for a 0.4% advance in GDP and a 1.2% rise in consumer spending. The report is likely to add to political headaches for President Joe Biden and complicate the Federal Reserve's calculus over how aggressively to raise interest rates. In addition to the slowdown in household spending, the report also showed declines in business investment, government outlays and housing. INFLATION In its continuing bid to cool down raging inflation in the United States - at 9.1% in June, the inflation rate is ...

Google Maps launches Street View in India after 11 years | Feature of Street ViewService ?

Google Street View launched in India after 11 years WHAT HAS HAPPENED ? Google Street View is finally available for ten cities in India and is expected to roll out in about 50 more cities by the end of the year. The 360-degree interactive panorama feature of Google Maps has been available in cities spread over 100 countries since 2007. In India, unlike in other markets, Google Street View is powered by images from third parties as per the National Geospatial Policy, 2021. WHAT IS GOOGLE STREET VIEW ? Google Street View is an immersive 360-degree view of a location captured using special cameras mounted on vehicles or on backpacks by data collectors moving around the city streets. The images are then patched together to create a 360-degree view which users can swipe through to get a detailed view of the location. It is available to view on Android and iOS using the app, or...