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Daily Current Affairs 26th October 2022 For All Government Examinations

Daily Current Affairs 26th October 2022 For All Government Examinations

Daily Current Affairs 26th October 2022 For All Government Examinations

Daily Current Affairs 26th October 2022: EducationBro Provide Daily Base Current Affairs. This Most Important Daily Current Affairs Help You to Appear IBPS Banking SBI PO Clerical RRB SBI PO SSC CGL CHSL Railway and Other All Competitive Examinations.

Daily Current Affairs 26th October 2022: Education Bro Provide Every Single Day Most Important  Daily Current Affairs, Current Updates including different areas Current Affairs Updates like New Appointment, Awards, Deaths News, Banking News, Economic Update, National News, International News, State Level News, New launching Update, Summit & Conference Update, Defence News, Science & Technology Update, Sports News Updates.

Daily Current Affairs 26th October 2022: Important Daily Current Affairs Booster Help You to Appear Banking IBPS PO Clerk, SBI PO Assistant (Clerk), RRBs Scale-1 Multipurpose, SSC CHSL CGL Railways and Other Government Examinations.

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CCI imposes ₹936.44 crore penalty on Google for anti-competitive practices in Play Store policies 

The Competition Commission of India (CCI) imposed a penalty of Rs. 936.44 crore on Google for abusing its dominant position with respect to its Play Store policies, apart from issuing a cease-and-desist order. The Commission also directed Google to modify its conduct within a defined timeline.

For app developers, app stores have become a necessary medium for distribution of their apps to the end users and the availability of app store(s) is directly dependent on the OS installed on a smart device.

Google CCI Penalty: Key Highlights

An appreciation of the market dynamics in licensable mobile operating system in India makes it evident that Google’s Android OS has successfully reaped the indirect network effects. Google’s Play Store constitutes the main distribution channel for app developers in the Android mobile ecosystem, which allows its owners to capitalize on the apps brought to market.

Based on its assessment, the CCI found Google to be dominant in the markets for licensable OS for smart mobile devices & market for app stores for Android smart mobile OS, in India. Selling of in-app digital goods constitutes an important means for app developers to monetize their creations/innovations. However, for in-app digital goods to be distributed to purchasing users, developers must configure their apps so that all purchases of the digital goods go through Google’s payment system, which processes the transactions.

Google’s Play Store policies require the App developers to exclusively and mandatorily use Google Play's Billing System (GPBS) not only for receiving payments for Apps (and other digital products like audio, video, games) distributed/sold through the Google Play Store but also for certain in-app purchases i.e. purchases made by users of Apps after they have downloaded/ purchased the App from the Play Store. 

Further, app developers cannot, within an app, provide users with a direct link to a webpage containing an alternative payment method or use language that encourages a user to purchase the digital item outside of the app (anti-steering provisions).

25.25 crore e-KYC transactions carried out using Aadhaar in September 2022 

Aadhaar adoption and usage by residents continues to progress well, indicative of how it is aiding ease of living. In September 2022 alone, 25.25 crore e-KYC transactions were executed via Aadhaar, an almost 7.7% jump in such transactions when compared with August.

Key Highlights

An e-KYC transaction is done, only with the explicit consent of the Aadhaar holder, and eliminates physical paperwork, and in-person verification requirement for KYC.

Aadhaar e-KYC service is increasingly playing a crucial role for banking and non-banking financial services by providing better and transparent customer experience, and ease of doing business. The cumulative number of e-KYC transactions via Aadhaar so far has increased to 1297.93 crore by the end of September 2022.

India’s COVID-19 Vaccination Coverage exceeds 219.57 Cr; Recovery Rate currently stands at 98.77%

India’s COVID-19 vaccination coverage has exceeded 219.57 Cr (2,19,57,62,231) as per provisional reports till 7 am today.

COVID-19 vaccination for the age group 12-14 years was started on 16 March, 2022. So far, more than 4.12 Cr (4,12,37,415) adolescents have been administered with the first dose of COVID-19 vaccine. Similarly, the COVID-19 precaution dose administration for age group 18-59 years also started from 10th April, 2022 onwards.

India’s Active Caseload currently stands at 21,607. Active cases now constitute 0.05% of the country's total Positive Cases. 830 new cases were reported in the last 24 hours.

Consequently, India’s recovery rate stands at 98.77%. 1,771 patients have recovered in the last 24 hours and the cumulative tally of recovered patients (since the beginning of the pandemic) is now at 4,40,95,180.

The Weekly Positivity Rate in the country currently stands at 1.05% and the Daily Positivity rate is reported to be 0.67%.

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