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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...

Two BSF Personnel part of UN Peacekeeping Mission, killed in Anti UN Protest in Congo

2 BSF personnel  killed in Congo WHAT HAS HAPPENED ? Two BSF personnel who were part of the UN Peacekeeping Mission in  the Democratic Republic of the Congo (DRC),  Were among five people killed during a protest in an eastern town  near the border with Uganda on Tuesday (July 26).  A total 175 Indian peacekeepers have so far died while serving with the  United Nations. India has lost more peacekeepers than  any other UN Member State. Both the deceased bravehearts were in the  rank of head constable and hailed from  Rajasthan, a senior officer said. UN PEACEKEEPING Peacekeeping has proven to be one of the most effective tools available  to the UN to assist host countries navigate the difficult  path from conflict to peace.  UN peacekeepers provide security and the political and peacebuilding  support to help countries make the difficult, early  transition from conflict to peace....

EU Illegally Seizing Russian Assets

EU Illegally Seizing  Russian Assets WHAT’S HAPPENING ? The European Union is looking at seizing Russian assets frozen under  sanctions over Moscow’s war against Ukraine,  To use them for the post-war reconstruction of the former Soviet  republic wanting to integrate with Western democracies.  While many in the EU say confiscation is politically and morally  desirable, they also worry it is illegal and would open the bloc  to lawsuits it could risk losing in its own courts. FREEZING OF THE ASSETS The 27-nation EU has sanctioned more than 1,200 individuals and  100 entities for destabilising Ukraine since Moscow  annexed Crimea in 2014.  Following Russia’s invasion of Ukraine on Feb. 24 this year, the  EU blacklisted President Vladimir Putin, Foreign Minister  Sergei Lavrov and oligarchs, among others.  Those people are now barred from visiting the EU and their assets in  the bloc are frozen – b...