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Creating a fair digital payments market -Padmashree Gehl Sampath

-The Hindu Local firms will be at a disadvantage if big tech companies are given plum roles Since early last year, WhatsApp has busily piloted its payment system in India. WhatsApp Pay relies on the Indian government’s Unified Payments Interface (UPI) system to facilitate inter-bank transactions. Regulatory approval that would allow its nation-wide introduction is stuck on one point: the Indian government has asked WhatsApp to localise all data processing related to...

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Selling government data to the private sector: It's complicated

-The Telegraph There are concerns that the proposal in the Economic Survey would end up privatizing a public good The Economic Survey has proposed that data of citizens obtained by the government be monetized for social benefits. It has claimed that data are a public commodity and, hence, people should benefit from large data sets. It has been proposed that data should be sold by the government to private entities like corporations...

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CPCB pulls up 52 firms over handling of waste -Jacob Koshy

-The Hindu They have not set collection targets The Central Pollution Control Board (CPCB) has pulled up 52 companies — including Amazon, Flipkart, Danone Foods and Beverages and Patanjali Ayurved Limited — for not specifying a timeline or a plan to collect the plastic waste that results from their business activities. The Plastic Waste Management Rules, 2016, (which was amended in 2018) prescribed by the Union Environment Ministry, says that companies that use...

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Why young, not ageing, firms can spur job creation -Dhirendra Tripathi

-Livemint.com * Contrary to popular belief, the Economic Survey 2019 says “dwarfs”—over 10-year-old firms with less than 100 employees—which account for a majority of firms in organized manufacturing, hold back job creation and productivity * Mint explains why it is so and the way out How do small and young firms fare in terms of job creation? The Economic Survey says the contribution of small firms to output and employment in the manufacturing sector...

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Industry needs 'national innovation system' -Santosh Mehrotra

-The Hindu Business Line India’s manufacturing needs higher investment in education and R&D to become self-reliant and technologically competent The share of manufacturing in India’s GDP has stagnated at 16 per cent since 1991, despite economic reforms. No country ever became a manufacturing force without (a) a design capability; and (b) an institutional system that incentivises and sustains innovations. India needs a system to develop human and technical capabilities at both the...

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