e-NAM Current Affairs - 2020

Bharat Market: National E-Commerce Marketplace launched by CAIT

A National E-Commerce Market place was launched by Confederation of All India Traders (CAIT) called “Bharat Market”.

Highlights

The e-commerce market place will integrate the capabilities of technology companies in order to provide end to end services. The portal will include participation of retailers and aims to bring 95% of retail traders into the platform. It will mainly focus on technology companies to provide end to end services.

The initiative is to be guided and supported by the Ministry of Commerce and Industry.

Measures by GoI

The government of India has taken several measures to develop e-commerce market in the country. Recently, around 200 mandis were added to the E-NAM platform. Today there are around 785 mandis operating under the platform. E-Nam is the National Agricultural Market that was launched in 2016.

Also, the Government of India announced that the Common Service Centres were to take over village level online retail chain. These centres are to do the jobs of Flipkart and Amazon in villages.

E-commerce Policy

The Draft E-Commerce Policy had been released by Department for Promotion of Industry and Internal Trade. The policy aims to address issues of data privacy and consumer protection. The policy also focuses on individual rights over holding data. It restricts cross-border data flow.

E-Nam: 200 new Mandis integrated

On May 1, 2020, around 200 Mandis were added to the E-NAM platform. The mandis were from 7 different states. They were joined through a video conference held by the Union Minister of Agriculture Shri Narendra Singh Tomar.

Highlights

The mandis added were from the states of Odisha, Andhra Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Karnataka and Uttar Pradesh. These addends have brought the number of E-Nam mandis in the country to 785.

What is special about the step?

For the first time, a mandi from the state of Karnataka has been added to the E-NAM platform. Also, E-NAM has been integrated with the Rashtriya E-Market Service of Karnataka. This is the first time, two trading platforms of agriculture commodities have been integrated in India. This will help in inter-state trade development.

E-Nam

The National Agriculture Market was launched in 2016. It facilitates farmers, buyers and traders to trade their commodities online. More than 90 commodities are listed and are available for trade. The features of E-NAM were enhanced by attractive launchings such as BHIM, MIS dashboard, etc.

BHIM is Bharat Interface for Money. It is an application developed by National Payment Corporation of India. The app supports all the banks in the country and also helps user to transfer money instantly.