S Korea readies law to curb Google’s in-app billing system

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Seoul, July 20 | South Korean lawmakers decided on Tuesday to press forward with legislation that restricts app market operators from wielding their dominance in determining how digital goods payments are processed in a move widely seen as reining in global tech giants such as Google and Apple Inc.

Over the past year, multiple lawmakers have proposed bills to curb app market operators from imposing their proprietary billing systems on in-app purchases amid growing complaints from local app developers and content creators over high fees.

Last September, Google said it would impose its billing system on all app developers on its mobile Android operating system’s Play store from October this year — a move that will collect up to 30 percent in commission for all in-app purchases of digital goods.

Local tech groups have voiced strong opposition over Google’s move, demanding legislative action to counter the tech giant, which holds a tight grip over the local market, reports Yonhap news agency.

Sales from the Play store in South Korea were estimated at 5 trillion won ($4.34 billion) last year, accounting for two-thirds of the country’s total, compared with those from Apple’s App Store at 1.6 trillion won, according to the Korea Mobile Internet Business Association.

The bill now heads to the Legislation and Judiciary Committee for further review before being handed off for a vote by all members of the National Assembly as early as this month.

Apple expressed concerns over the legislative movement.

“The proposed Telecommunications Business Act will put users who purchase digital goods from other sources at risk of fraud, undermine their privacy protections, make it difficult to manage their purchases, and features like ‘Ask to Buy’ and ‘Parental Controls’ will become less effective,” Apple said in a statement.

“We believe user trust in App Store purchases will decrease as a result of this proposal. We will continue to work with lawmakers and voice our concerns about the impact this bill will have for all users and developers,” the iPhone maker said in a statement.

Google has argued that its Play store service fee is used to reinvest in its platform and the company ensures competition on its Android operating system by allowing alternative app markets, such as Samsung Electronics Co.’s Galaxy Store, to operate on the platform.

In a parliamentary audit in October last year, officials from Google Korea downplayed the impact the changes to its billing policy would have on local developers, saying less than 100 of them would be newly affected.

Google has made multiple attempts to appease global app developers amid growing backlash.

Last week, the tech giant decided to push back enforcing its new billing policy to the end of March next year for developers that request a delay.

The company has also lowered its Play store commission to 15 percent for the first $1 million app developers earn in revenue from the start of this month.

Apple, which has collected a 30 percent commission on in-app purchases on its App Store, has slashed its fee by half for developers that earn less than $1 million annually at the start of this year.

The latest legislative movement in South Korea adds to the pressure Google faces at home.

Earlier this month, 36 US states filed a lawsuit against Google, alleging anti-competitive behavior in its Play store operations to collect and maintain its commission.

Source: IANS

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PURPOSE FUELS YOUR PASSION: MUNISH MAYA

PURPOSE FUELS YOUR PASSION: MUNISH MAYA

Don’t get confused with your purpose and passion as both go well together

Passion as well as purpose both goes hand in hand. Purpose defines the passion in life. If you are passionate about something then there will be a purpose behind it. And if you feel that you are passionate about something but you are not able to find the purpose behind it then please do self-analysis. There is surely something that you are missing out on. Munish Maya in his Instagram post took out few minutes to write about Purpose and Passion, as he feels that it is an important topic to be discussed with everyone. Mr. Maya started writing his post by making a statement, “Many people confuse passion with purpose. Others struggle to find both.”

Self-analyzing is a very tough job and it’s completely natural to get confused. Solving this problem Munish Maya says, “Passion & purpose are distinct. Passion is the drive, the energy that makes us feel good. Like they say, ‘do what you love.” People follow their passion to live a stress-free life where they can enjoy whatever the work they are doing. It is well said, ‘Follow your passion and there will not be a single day when you will have to work.’ Whereas the most asked question in relevance to passion, ‘What is the purpose?’ is answered very well by Munish

Maya in his same post, “Your purpose is the reason, your ‘Why’ behind what you do.” 

Passion and purpose go hand in hand. Munish Maya says, “From over a decade, I experienced, learned, evolved & developed new passions. They have changed my life & perspective in a great way.” Passion serves the purpose of life. Munish Maya himself followed his passion when he realized that he cannot do a 9-5 profile job, and look at him now, he is the 1st Global Brand Ambassador of India. His passion leads him to define the purpose of his life. The only purpose of Munish Maya’s life is to serve people by guiding and enlightening them about their lives.

This confusion between passion and purpose is not for the lifetime. To which Munish Maya explained by saying, “But the sweet spot is where your passion & purpose align.

One fuels your internal drive while the other maximizes your outward impact.” When both purpose and passion start to align then you will start gaining success and positivity in life.

Munish Maya describes it more beautifully, “And in the path of manifestation, Purpose fuels Passion. By focusing on your purpose, you align your work with your deepest drive- your passion.” If you are passionate about something in your life, then the purpose of your life is served.

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CAT 2021 Registration Process to End on 15th Sep

CAT 2021 Registration Process to End on 15th Sep

CAT 2021: 6 days left to apply for this entrance Exam for admission into IIMs, IITs, FMS, MDI, SPJIMR and other top Business Schools.

IIM, Ahmedabad is going to close the CAT registration 2021 window on Sep 15, 2021. Going by trends however, they may extend the application date by another week or two.

The Common Admission Test (CAT) is scheduled to be held on Nov 28. The Indian Institute of Management Ahmedabad (IIM A), conducting the CAT exam 2021, will close the CAT 2021 registration on Sep 15. Candidates seeking MBA admission 2022-23, 2022-24 batch and interested in appearing for IIM CAT 2021 can fill up the CAT application form.

The CAT applications 2021 is available only in online mode at the official CAT website.  For completing the CAT registration process, candidates will have to pay a CAT application fee of INR 2200.00 for the general category and INR 1100.00 for the reserved category.

Only 7 days left to apply for the CAT Exam, it is the most popular management entrance exam of India. IIMs, IITs, FMS, MDI Gurgaon, SPJIMR, IMT Ghaziabad, XIM University, IMI Delhi, MICA, FORE School of Management, TAPMI, GIM Goa, LIBA, GLIM,  NIRMA, IFMR GSB, LBSIM and other top Business Schools accepting CAT Score. IIM Ahmedabad, IIM C, IIM Lucknow, XIM University, GLIM and other B Schools open applications for 2022-24 batch.

Select from 150+ MBA Colleges shortlist and Apply here,

CAT 2021 eligibility criteria

  • Academic qualification: Candidates should have a Graduation/ Bachelor’s degree in any stream from a recognized University/ Institute. Final year students are also eligible to apply for CAT 2021.
  • To be eligible for the CAT exam 2021, 50% marks (45% for SC/ ST/ PwD) in Graduation/ Bachelor’s degree was mandatory. However, due to the pandemic situation in the country, some changes have been made in this regard:
    • Candidates in the final year: Students with “promotion/ pass” instead of “award of marks” certificates in any of the last two years of the bachelor’s degree can enter the “Promotion or Pass” option in the CAT application form. It will allow the student to complete and submit the CAT 2021 application form. This eligibility relaxation is also applicable to those final year students with an “award” of marks.
    • Candidates graduated in 2020 and 2021: Due to the implementation of the above point, and considering that there could be different evaluation patterns adopted by different institutes/ universities across the country due to the COVID pandemic, the CAT committee has decided to remove the minimum percentage of marks criterion (50% and 45% [or equivalent CGPA] respectively) for the CAT 2021 exam.

About CAT 2021 The Common Admission Test CAT 2021 is a national level management entrance exam that is mandatory to take for admission into respective IIMs , IIT and over 1000+ B-schools across the country. CAT Exam 2021 will be conducted as a computer-based test in three sessions at over 420 test centres in 158 cities across the country. The CAT question paper comprises questions from Verbal Ability & Reading Comprehension (VARC), Quantitative Aptitude (QA), and Data Interpretation & Logical Reasoning (DILR). Students can expect the difficulty level of the CAT exam 2021 will be moderate to high.

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“Impact of Pandemic on Organisations” to be published in ‘Abhigyan’- peer-reviewed, journal of Foundation for Organisational Research and Education’ (FORE)

“Impact of Pandemic on Organisations” to be published in ‘Abhigyan’- peer-reviewed, journal of Foundation for Organisational Research and Education’ (FORE)

The outbreak of the Covid-19 pandemic has impacted organizations, industries, and businesses worldwide. It has applied a sudden brake on the organization’s function, compelling them to look for and adopt newer ways of survival. Organizations are also experiencing significant changes in personnel behaviors, which have further impacted organizational performance and outputs. It has led to the transformation of the working environment processes and procedures, communication and personnel relations, operational, and financial management, etc.

In response to the above, “Abhigyan which is a peer-reviewed, double-blind (refereed) quarterly Management Journal of the ‘Foundation for Organisational Research and Education (FORE), focusing on management and organizational research, is publishing a special thematic issue titled “Impact of Pandemic on Organisations” to record the effect of Covid-19 on the functions and activities of the organizations.

It shall cover original research articles and review studies related to sub-themes of challenges and opportunities for organizations, organizational performance management, impact on international students, government policies to help MSMEs, and unforeseen consequences of a pandemic on organizational development.

Abhigyan”, which has been published since 1983, provides an appropriate platform for readers across all domains for the exchange of ideas. In the present case, this issue with its focus on Covid-19 is intended to help the readers to have further awareness of the impact of the pandemic on various aspects of business and organizational management. It is hoped that this will be a welcome addition to the growing body of academic and organizational research on the post-Covid-19 business environment and help in finding ways and means to respond to the challenges emanating from it effectively.

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