Catch up on the latest in ð®ð³ Indian ð®ð³ startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily ð®ð³ IndiaTech ð®ð³ Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include regulations on online "dark patterns", Indian car brands collecting data, and the new e-commerce policy. ð¤ Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Government Seeks Public Feedback on Online âDark Patternsâ Regulation ð®ð³ IndiaTech - The government asks public for feedback on draft guidelines aimed at preventing âdark patternsâ, a series of tactics used online to deceive or manipulate usersâ choices.
- Under the guidelines, ten dark patterns including false urgency, basket sneaking, confirm shaming are specified and defined.
- The Ministry insists the guidelines will enhance the digital space industry and better protect consumer interests. Indian Car Brands Hyundai, Kia, Honda and Toyota Collect Sensitive Consumer Data ð India Business - Indian car companies Hyundai, Kia, Honda, and Toyota collect sensitive customer data such as sexual activity, genetic information, and geolocation.
- This data is shared with marketing companies and law enforcement agencies, raising privacy concerns.
- Despite customers being allowed to request data deletion, exceptions exist, and control of third-party access remains limited. Top 7 Offbeat Places to Visit in India [NBW Newsletter Ad]( TAKE A LOOK AT INSIGHTFUL VISUAL STORIES ON NEXTBIGWHAT India has something for everyone, from the snow-capped Himalayas to the sand beaches of the Andaman Islands, from the busy cities of Mumbai to the tranquil backwaters of Kerala. [Check out]( Uncertainties Surround Indiaâs Newly Proposed E-commerce Policy ð®ð³ IndiaTech - Yet to be unveiled, Indiaâs e-commerce policy has left companies uncertain about the fine print, particularly concerning seven key features.
- The policy aims to align with consumer protection rules, promote inclusive growth of MSMEs, export through e-commerce, and establish responsibilities of e-commerce entities.
- Pending clarity, both current and potential investors express concerns about the policyâs content, amidst the growing e-commerce market in India. Razorpay and NPCI Revealed âUPI Autopay on ǪRâ to Support Subscription-Based Indian Businesses ð®ð³ IndiaTech - Aiming to simplify recurring payments, Razorpay and NPCI unveiled a solution titled âRazorpay UPI Autopay on ǪRâ. This initiative will particularly assist subscription-based businesses and intends to harness the widespread use of ǪR codes, encouraging rapid adoption and growth.
- By using a single ǪR code for multiple users to join the subscription, customers can complete their subscription in a 2-step scanning and paying procedure, which will replace the previous 6-step process. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Nazara Technologies raises Rs 410 Cr from SBI Mutual Fund for Expansion Purposes ð®ð³ IndiaTech - Second tranche of Rs 750 Cr fundraising, SBI Mutual Fund will now hold 7.83% stake.
- Funds designated for strategic acquisitions, investments in corporate entities, and meeting growth objectives.
- Follows a Rs 100 Cr infusion by Kamath brothers, bumping Nazaraâs market cap to Rs 5,765.4 Cr. 22,000 Taxpayers Receive IT Department Notices for Discrepancies in 2023-24 Returns ð India Business - Notices issued to those whose deductions donât match on their Form 16 or AIS.
- Majority aimed at salaried taxpayers, with irregularities identified in about 2 lakh returns.
- Non-compliant taxpayers will receive a demand notice if no clarification is provided. Reliance Retail buys 51% stake in Alia Bhatt-owned Ed-a-Mamma ð India Business - As it seeks to develop and grow the kidsâ and maternity-wear business in all facets, Reliance Industries-owned RRVL will have the controlling ownership of 51%, the company announced.
- The business will be led by the company in close collaboration with Bhatt, the creator of Ed-a-Mamma, and with the assistance of the capable management of its Reliance Brands Limited subsidiary. Valuation Method for GST Calculation in Online Gaming and Casinos Notified by Finance Ministry ð®ð³ IndiaTech - Amendments to GST law for online gaming and casino sector announced.
- Tax ambiguity relating to money deposited in the wallet could spark a challenge, says EY Tax Partner.
- Full tax rate applicable on total amount paid to online gaming company/casinos and winnings remain tax-neutral, says AMRG & Associates Senior Partner. NPCI Introduces Voice-Assisted UPI Payments, Several Other Innovations ð®ð³ IndiaTech - The National Payments Corporation of India (NPCI) launched new products, including Hello! UPI, a voice-enabled payment via apps, IoT devices, and telecom calls in Hindi and English.
- BillPay Connect offers voice-assisted bill payment services, and users can pay their bills through smart home devices or by giving a missed call.
- New offerings also include credit line on UPI for financial inclusion, UPI LITE X for offline payments, and UPI Tap & Pay to enhance QR code and NFC technology adoption. UPI payments influence 80% of foreign touristsâ experiences in India, says CheqUPI survey ð®ð³ IndiaTech - CheqUPI, Indiaâs first UPI platform for foreigners, finds payment problems affect tourist satisfaction.
- 80% of tourists are impacted by currency exchange fluctuations, but QR-powered UPI addresses this issue.
- Despite challenges, tools like UPI help provide smooth travel experiences for foreign tourists in India. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](