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EU Antitrust Regulators to investigate Google, Indian government intends to prevent flash sales on e-commerce platforms



Nicole Ryall, Mumbai Uncensored, 24th June 2021

On June 22, European Union antitrust regulators launched an investigation into Google’s AdTech division to see if the corporation favored its own product over competitors, advertisers, and online publishers.

According to projections, Google will earn $147 billion from online ads in 2020. Currently, the corporation is the world’s largest shareholder in online advertising. The most sales and earnings came from adverts that appeared on numerous properties, including search, YouTube, and Gmail. The display or network business, in which other media firms utilise Google’s technology to publish/sell ads on their websites or applications, accounted for 16 percent of Google’s overall income.

The EU Commission stated that it would investigate whether Google distorted competition by denying third parties access to user data for advertising purposes on apps and websites and reserving it for its own use. “We are concerned that Google has made it tougher for competing online advertising providers to compete in the so-called ad tech stack,” said Margrethe Vestager, European Competition Commissioner. She went on to say that the commission will look into Google’s user tracking rules to see if they were in accordance with fair competition.

A Google spokeswoman stated that the business would work with the commission constructively. “Thousands of European businesses use our advertising goods every day to reach new customers and fund their websites,” the company claimed. They select them because they are cost-effective and competitive.”

Vestager has fined Google more than $9.5 billion in the last decade for blocking its competitors in online commerce, Android devices, and online advertising.

In India, Amazon and other e-commerce sites may suffer difficulties

The Indian government has announced plans to impose harsher regulations on e-commerce sites like Amazon and Flipkart. The Department of Consumer Affairs has requested views and recommendations by July 6 on proposed changes to Consumer Protection.

One of the revisions, if accepted by the government, may prevent e-commerce behemoths from hosting flash sales of goods and services. Notably, both Amazon and Walmart-owned Flipkart run a number of Flash discounts throughout the year, which are said to be detrimental to small enterprises. The modifications would make it illegal for e-commerce websites to hold such deals.

Countless consumer and trader complaints

The government stated in a press release that it had received numerous complaints from customers, traders, and trade associations about rampant cheating and unfair trading practises in the e-commerce ecosystem. As a result, the Ministry of Consumer Affairs has urged that e-commerce platforms in India be prohibited from staging flash discounts. Festival seasons, such as Diwali and Independence Day, are popular for such deals.

“Certain e-commerce entities are limiting consumer choice by engaging in ‘back to back’ or ‘flash’ sales, in which one seller selling on the platform does not carry any inventory or order fulfilment capability and instead places a ‘flash or back to back order with another seller controlled by the platform,” according to the ministry. This precludes a level playing field and, as a result, limits custodial services.

Possible tampering with search results

According to the government, e-commerce platforms may be using the technology to manipulate search results in order to promote specific vendors and deals. Such techniques provide some merchants an unfair advantage over others. The amendments aim to make the e-commerce ecosystem more transparent.

Nodal and chief compliance officers will be appointed by e-commerce platforms

The Indian government recently demanded the appointment of nodal and compliance officers by social media firms and other media outlets. In a similar vein, the Indian government has proposed that e-commerce platforms hire a chief compliance officer, nodal officers, and resident complaints officers.

“To ensure compliance with the Consumer Protection Act, 2019 and Rules, the appointment of a Chief Compliance Officer, a nodal contact person for 24×7 coordination with law enforcement agencies, officers to ensure compliance with their orders, and a Resident Grievance Officer for redressing consumer grievances on the e-commerce platform has been proposed,” according to the ministry. This would ensure effective compliance with the Act’s and Rules’ provisions, as well as strengthen the e-commerce organisations’ grievance redressal mechanism.”

Prior to the date to be indicated, if possible

Another proposed amendment would make it necessary for products to include the best before or use before date so that customers can make an informed purchase decision. Consumers sometimes complain that they received expired products because it is not obligatory.


Govt. Plans to Cut Cooking Oil Tax



The Indian market after seeing an unprecedented rise in the prices of edible oils plans to cut taxes on edible oil to keep the prices in check.

Khushi shah – Mumbai Uncensored, 5th May 2022

The war, combined with weather disruptions that limited harvests in other vegetable oil-producing regions, led to a supply shortage of sunflower oil. The ban by the world’s biggest palm oil producer and exporter on 28th April 2022, on the export on the widely used edible oil and all the conflicts between Russia and Ukraine that already upended the global agricultural trade in the world, sent oil prices skyrocketing in the market.

India is particularly sensitive to rising vegetable oil prices as it is dependent on imports for 60% of its needs. Inorder to keep the prices in check ,India, the world’s top importer of vegetable oils is planning to cut taxes on some edible oils to cool the domestic market after the war in Ukraine. 

India has tried to reduce prices in the past, including reducing import duties on palm, soybean oil and sunflower oil, and limiting inventory to prevent stocking the oil.[ In September 2021] The import taxes on palm oil had been slashed to 2.5% from 10 %, while soy oil and sunflower oil had been reduced to 2.5 per cent from 7.5 per cent. 

The reduction in these taxes were aimed at bringing down prices of the edible oils in India and boost consumption, effectively increasing overseas buying by the south Asian country.It would also bring down edible oil prices ahead of key festivals, when edible oil demand rises in the country

However, The moves so far have not been effective enough to cut down the rates of oil in the market 

India, the world’s top importer of vegetable oils, wants to reduce the agricultural infrastructure and development cess on imports of crude palm oil to below 5% . According to reports, it is said that the government is now considering reducing import duties on crude varieties of canola oil, olive oil, rice bran oil and palm kernel oil from 35% to 5% to help boost domestic supplies. The new tax amount is still being deliberated The cess is levied over and above basic tax rates on certain items, and is used to finance agriculture infrastructure projects. The base import duty on crude palm oil has already been scrapped.

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C.I.A. picks Indian origin Chief Technological Officer – Nand Mulchandani



Khushi Shah – Mumbai Uncensored, 3rd May 2022

Another Indian has raised the Indian flag abroad. Nand Moolchandani, who completed his schooling in Delhi, has been appointed as the first Chief Technology Officer (CTO) of the Central Intelligence Agency (CIA) of the US. 

With a degree in Computer Science and Math from Cornell, a Master of Science degree in Management from Stanford, and a Master in Public Administration degree from Harvard, Nand Mulchandani will be leading a team of technologists at the C.I.A.  He will be working with experts who already deliver world-class intelligence and capabilities to help build a comprehensive technology strategy.

William J. Burns, the CIA Director made the announcement specifying that he has prioritised focusing on technology. Nand Mulchandani has more than 25 years of experience in Silicon Valley as well as the US Department of Defense (DoD) and can bring substantial private sector, startup, and government expertise to the Agency.

The man, who describes himself as a “serial entrepreneur” in his Linkedn bio, prior to this position he served as the CTO and Acting Director of DoD’s Joint Artificial Intelligence Center. He also co-founded and was CEO of several successful startups Oblix (acquired by Oracle), Determina (acquired by VMWare), OpenDNS (acquired by Cisco), and ScaleXtreme (acquired by Citrix).

His LinkedIn profile says: “I pivoted from my career in private industry to serve in the Government by joining the Joint Artificial Intelligence Center at the US Department of Defense where I am driving the DoD’s next-generation AI efforts.”In his new role, Mulchandani will ensure the Agency is leveraging cutting-edge innovations and scanning the horizon for tomorrow’s innovations to further the CIA’s mission.

He said on Linkedn “I tried to leave a few breadcrumbs at the end of my last post when I was leaving the Department of Defense with “Just when I thought I was out, they pull me back in.” And believe me, this was certainly an “offer I could not refuse”,” 

An Indian origin C.T.O. that collects, processes and analyses intelligence reports from around the world to strengthen national security of America is a new feather in the cap of not only Indian Diaspora, but also India at large.

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Elon Musk’s purchase of Twitter may have prompted crypto ‘whales’ to purchase large amounts of Dogecoin.



Hemant Singh – Mumbai Uncensored, 2nd May 2022

The price of bitcoin increased when it was reported on Monday that “Dogefather” Elon Musk would be taking over Twitter. And it appears that the rise was powered by a huge number of high-value transactions.

According to CoinDesk, the number of Dogecoin transactions above $100,000 reached 2,440 on Monday, the highest level since January 14, according to statistics from market analytics firm IntoTheBlock.

Transactions in excess of $100,000 serve as a barometer of the activities of “whales,” or huge investors of the meme-inspired cryptocurrency.

Whales can be wealthy people or institutional investors such as hedge funds or banks.

When Twitter revealed that its board of directors had approved Musk’s $44 billion acquisition bid, the price of Dogecoin increased by as much as 27 percent, reaching a day high of 16.5 cents. It has already cooled off and is now worth roughly 13 cents.

Though there are several theories regarding what Musk may alter about Twitter once he takes over, Dogecoin supporters may be hopeful that Musk would integrate the cryptocurrency into the social media network.

The DeFi community on Twitter believed that Musk may eventually transform Twitter into a decentralized social media network, or one that is not controlled by a single company.

Musk’s influence on Dogecoin’s price is nothing new.

Dogecoin was invented in 2013 as a prank by engineers Billy Markus and Jackson Palmer. It is inspired by the Doge meme, which depicts a Shiba Inu dog.

Musk commenced tweeting about Doge in 2019 and has been a vocal promoter of the cryptocurrency ever since.In addition to owning it, he has mentioned working with Dogecoin developers on bettering its network. The world’s richest man has stated that the meme-inspired coin is suitable for transactions and is the “people’s crypto.”

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