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Policy creep: On e-commerce and overregulation risks

-The Hindu Overregulation risks retarding growth and job creation in the e-commerce sector  Barely 11 months after the Government notified the Consumer Protection (E-Commerce) Rules, 2020, the Department of Consumer Affairs has mooted a set of sweeping amendments, ostensibly “to protect the interests of consumers... and encourage free and fair competition in the market”. Among them is a norm stipulating the appointment of a chief compliance officer, a nodal contact person for...

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India’s vaccine policy needs clarity -K Sujatha Rao

-The Hindu In seeking to pursue conflicting objectives, the policy architecture is complex and difficult to implement Contrary to popular perception, public policies are made without full knowledge or facts. More often than not, they embody assumptions arising from experience, an understanding of history, and present conditions. Considering the vast sea of unknowns surrounding COVID-19, it would be understandable to PLAce a greater reliance on historical experience. Instead, India’s vaccine policy appears...

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Rural term deposits fall for first time in eight years -Vivek Kaul

-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...

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Chinese loan apps misuse KYC details of Indians to set up fake bank accounts -Mithun MK

-TheNewsMinute.com There have been cases of people saying that their KYC details, which were shared with the Chinese loan apps, were used to open bank and crypto exchange accounts in their names, without consent. Shonali*, a 48-year-old lecturer from West Bengal was laid off from a private university in March 2020. The lecturer, facing financial stress, turned to Chinese-owned instant loan applications that provide microloans without collateral, but at high-interest rates. Shonali...

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Focus on COVID-19 estimated deaths -Chandrakant Lahariya

-The Hindu Mortality estimates, not officially reported deaths, have the potential to strengthen the pandemic response In India, even before the COVID-19 pandemic, around 85% of all deaths were registered and only one-fourth of the registered deaths were medically certified for the causes of death. There have been wide variations among States and within them, in rural and urban areas. Understanding the causes of death is essential for health sector PLAnning and...

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