Page 58 - Banking Finance June 2023

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amenities to provide a price. Another, that goes beyond wbregistration.gov.in site also certifies documents and offers
apartments to also value homes and plots in 60 cities, is a few other services.
Property Science from Liases Foras. You can get basic
valuation for free (signup needed) and a detailed valuation In Punjab, pbindustries.gov.in website (which requires
for a small fee. registration) lets you apply for building plan approval,
completion and occupancy certificates. In Karnataka, you
Property Services will also be able to notify any alterations to the property
(such as change in area, tenancy change).
States such as Tamil Nadu let you get encumbrance
certificate (EC), which gives information on monetary and
RERA complaints can be filed online by providing detailed
legal liability of the property and is required by banks for a
information, including supporting documents, and paying a
loan, by filling an online form with property specifics, such
fee. When you get a judgment, you can also file for an
as survey number, in tnreginet.gov.in website.
appeal. Delhi's online property registration website also has
Government permissions such as for mutation (change of a section to register grievances. In Haryana, lost property
ownership) and land use conversion (say, agriculture to details can be reported at haryanapolice.gov.in, with user
residential) are online in West Bengal. The registration. (Source: Business Line)

E-commerce policy in the works: Govt

The government said that it is working on an ecommerce saddled with the liability for deficient service for transactions
policy and is also framing rules for the sector under the on their platforms.
Consumer Protection Act and will ensure that they are
The DPIIT secretary said the government was seeking to
consistent with each other.
ensure that ONDC created the ecosystem for small players
"They will be kind of congruent with each other. That is the to grow their businesses and help consumers and dismissed
idea... We are holding discussions to harmonise ecommerce
suggestions that the government was seeking to squeeze
policy and ecommerce rules under the Consumer Protection
the margins of ecommerce platforms.
Act... While doing so, we will try to ensure that whether a
regulator or some other way... rules that will ensure that "It's not that we are trying to put anybody out of business
the customer is the king," Rajesh Kumar Singh, secretary in or that we are an upfront competitor for any particular
the department for promotion of industry and internal trade ecommerce provider," Singh said, amid a lot of chatter
(DPIIT), told reporters, adding work on the policy is at an around ONDC waging a price war against food delivery
advanced stage. behemoths Zomato and Swiggy.
Expanding on the idea of the open network of digital While the volumes remain much lower on ONDC compared
commerce (ONDC), Singh said the network is attempting to to the traffic on ecommerce platforms, Koshy reeled out
democratise access to ecommerce for scores of small and
numbers to argue that the expansion was happening at a
medium businesses, thereby creating a level-playing field.
rapid pace. He also said the network is looking to expand
He further said ONDC will also be covered by the new its offerings to include financial services, beauty products and
consumer protection regime but did not disclose further home apparel, along with a B2B offering for which it is
details. working with two partners. He also said around 250
enterprises are in advanced stages of integration.
Currently, any dispute between the buyer and seller has to
be resolved between them with the network offering an Koshy said that ONDC is likely to have around one lakh daily
online dispute resolution mechanism to address customer
transactions by yearend, almost five times the current
grievances, ONDC chief executive T Koshy said.
number. Similarly, the number of merchants is expected to
Koshy's comments came amid a clamour from ecommerce double during this period from the current level of 36,000.
players such as Amazon and to ensure that they are not (Source: ToI)

52 | 2023 | JUNE | BANKING FINANCE