From UPSC perspective, the following things are important :
Prelims level : BharatMarket
Mains level : Not Much
Traders’ body Confederation of All India Traders (CAIT) said that it will soon launch a national e-commerce marketplace ‘BharatMarket’ for all retail traders in collaboration with several technology partners.
A prelims question with tricky options to throw you off track-
The BharatMarket initiative recently seen in news is-
A. Trade of Bharat-22 Exchange Traded Fund (ETF)
B. Platform for farmer to sell their produce
C. Initiative in power sector
D. e-commerce platform
Here you have to play safe…..
- The marketplace will integrate the capabilities of various technology companies to provide end-to-end services in the logistics and supply chains from manufacturers to end consumers, including deliveries at home.
- It will include nationwide participation by retailers and aims to bring 95 per cent of retail traders onboard the platform, who would exclusively run the portal.
- It has been already started as a pilot project, initially with a limited number of essential commodities, in six cities — Prayagraj, Gorakhpur, Varanasi, Lucknow, Kanpur and Bengaluru.
- This will be an effective way to get essential commodities to consumers during the lockdown period and within containment zones.