- Digital Markets Act: It is a groundbreaking European law aiming to prevent large online platforms that connect consumers with content, goods, and services from abusing their market power.The European Commission believes that keeping the big internet companies in check can lead to more competition and choice, greater innovation, better quality, and lower prices.
Key measures:
- Tighter restrictions on how digital gatekeepers can use people’s data—users must give their explicit consent for their activities to be tracked for advertising purposes.
- Messaging services and social media platforms teaming up and sharing users. This could mean, for example, Meta-owned WhatsApp users being able to send messages directly to a completely different messaging service, such as Telegram.
- Presenting users with the option to uninstall preloaded applications on devices.
- Gatekeepers are banned from ranking their own products or services higher than others in online searches.
- Nipah Virus: Nipah virus infection is a zoonotic illness that is transmitted from animals to humans.The organism which causes Nipah Virus encephalitis is an RNA or Ribonucleic acid virus of the family Paramyxoviridae, genus Henipavirus, and is closely related to Hendra virus. It was first broke out in Malaysia and Singapore in 1998 and 1999.It first appeared in domestic pigs and has been found among several species of domestic animals, including dogs, cats, goats, horses and sheep. The disease spreads through fruit bats, or ‘flying foxes,’ of the genus Pteropus, who are natural reservoir hosts of the Nipah and Hendra viruses. The virus is present in bat urine and, potentially, bat faeces, saliva, and birthing fluids. Typically, the human infection presents as an encephalitic syndrome marked by fever, headache, drowsiness, disorientation, mental confusion, coma, and potentially death. There is no definitive treatment available for the virus.
- Self-Regulatory Organisation: It is a non-governmental organisation that sets and enforces rules and standards relating to the conduct of entities in the industry (members). The aim is to Protect the customer and promoting ethics, equality, and professionalism. These typically collaborate with all stakeholders in framing rules and regulations. The recognised SRO will serve as a two-way communication channel between its members and the RBI. It will work towards establishing minimum benchmarks and standards and help in ii’n;stil professional and healthy market behaviour among its members. These will impart training to the staff of its members and others and will conduct awareness programmes. It will establish a uniform grievance redressal and dispute management framework across its members.
- Eastern Economic Forum: The Union Minister of Ports, Shipping & Waterways will attend the Eastern Economic Forum, which is being held at the Russian port city of Vladivostok. It was established in 2015 to support the economic development of Russia’s Far East and to expand international cooperation in the Asia-Pacific region. It is a key international platform for establishing and strengthening ties within the Russian and global investment communities. For a comprehensive expert evaluation of the economic potential of the Russian Far East, the investment opportunities it offers, and business conditions within advanced special economic zones.
