CAIT, the traders’ body, demanded on Friday that the government immediately implement a robust e-commerce policy and establish a regulatory authority for the sector. The Confederation of All India Traders (CAIT) reiterated its demands a day after a Parliamentary panel suggested digital market entities to desist from “anti-steering”, “deep discounting”, “self preferencing”, “search & ranking preferencing” and other practices that will impact competition in the market. A Parliamentary panel proposed an ex-ante regulation, classification of “systemically important digital intermediaries” based on revenue, market capitalisation, and number of users, and a…
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Facebook rolls out cloud games for apple devices, following Microsoft & Amazon
Facebook on Friday rolled out cloud games on Apple devices through a web app for the Safari browser. With the new update, users can play games instantly on a mobile device or web browser without downloading them. Facebook released the cloud games after Apple’s update updates to its cloud gaming policy, which says each streaming game must be submitted to the App Store as an individual app for review. Previously, Microsoft and amazon launched cloud games on apple devices. Vivek Sharma, vice president of Facebook Gaming explained, “We’ve come to…
Read MoreE-Commerce Firms Face More Hurdles in Maharashtra, Assam
New rules from the governments of Maharashtra and Assam have created additional hurdles for e-commerce and transport operators, including those delivering food, groceries and other essential supplies. The Maharashtra government, in a notification on Wednesday, said drivers and helpers of all goods carriers entering the state must carry a negative RT-PCR certificate that is less than 48 hours old, and that it will be valid for only seven days. The new rules also say that a cargo carrier cannot have more than two people. Meanwhile in Assam, though the government…
Read MoreAmazon wins $303 million tax case in European Union
Brussels: Europe’s second-top court on Thursday annulled an EU order to Amazon.com Inc. to pay about €250 million ($303.28 million) in back taxes to Luxembourg, part of an EU crackdown against unfair tax deals between multinationals and European Union countries. The Luxembourg-based General Court said Amazon had not enjoyed a selective advantage in its tax deal with Luxembourg. “The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group,” judge said. The European…
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