The Government is looking to table a brand-new bill in the upcoming parliament winter session or practically in the approaching budget session confirmed by senior government officials, after retreating from the former version of the bill on data protection. However, policy experts reprimanded the unending delays in passing a much-needed data law. Reliance Industries has initiated direct-to-consumer brands and onboarding independent sellers for its distinct marketplace platform. It would be known as JioMarket.
This letter includes:
- Reliance Jio initiates roping in sellers for business in the marketplace.
- Cloudtail opposes the validity of CCI raids.
- IT firms are FY23 fresher hiring estimates.
Govt Looks To Table New Data Bill Soon
The timeframe for public discussions on the new data bill could be declared by the end of August. The ministry of electronics and IT is at an advanced stage with the draft of the comprehensive framework stated by a senior officer.
The government is considering three aspects that will establish the new legislation – the national data governance framework, the new bill on data protection, and the new IT Act.
The previous version of the bill was withdrawn due to its outdated ways. That’s why officials are looking to conclude the new data bill.
One of the officials stated that since one of the three aspects, the framework for national data governance, which accords with supervising data that is non-personal- is nearly ready, with the public discussions completed on its draft, the other aspects are currently, left to be concluded.
The other government officials said the future budget session could be a more “ realistic target” considering the data bill will need extensive industry discussion and meticulous drafting.
Privacy and policy specialists who had labeled the previous bill as debatable have stated the new bill should be flexible with the judgement of puttaswamy, which made privacy an elemental right while engraving drafting.
“It has been close to 10 years since the AP Shah committee report on privacy, five years since the Puttaswamy judgement, and four years since the Srikrishna committee report (on privacy legislation),” said Apar Gupta, executive director at Internet Freedom Foundation.
“They all signal urgency for a data protection law and surveillance reforms. Each day lost causes more injury and harm… It’s not about getting a perfect law, but any law at this point.”
Source: economictimes.indiatimes.com
Reliance Set To Launch JioMarket
Reliance Industries has initiated direct-to-consumer brands and onboarding independent sellers for its distinct marketplace platform. It would be known as JioMarket.
It is decided to uncover Jiomarket in the upcoming weeks so that it can initiate operating it during the launching and a presence of about 30,000 pin codes, said one of the sources.
The corporation has disclosed messages with merchants it is searching to onboard, which ET has rechecked.
“With this, Reliance is aiming to disrupt the ecommerce marketplace ecosystem in the same way that Jio disrupted telecom or JioMart disrupted egrocery,” it said in the communication, asking vendors to fill a form to submit details for onboarding.
Source: economictimes.indiatimes.com
Amidst the others, it has also sought information on the prime-selling Amazon (SKUs) stokes keeping units from the traders who want to enter the marketplace.
The egrocery platform, JioMart is largely operated by Reliance Retail as a trader. It will operate as it is continuously.
Amazon Alumni Lead Effort
The prior Amazon executive Sandeep Varaganti is leading this marketplace business. He was chief of Prione Business Service provider in the past – the erstwhile joint venture between NR Narayana Murthy’s Catamaran Venture and Amazon. Prione was the parent company of Cloudtail which was one of the biggest sellers on Amazon, India Once.
Another former Amazon executive, Samir Ratanajnkar, is also involved in creating JioMarket.
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