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NAMA Digest 1: Developments at Ola, IIT-Madras, Facebook, Google and more

Transport The Bangalore Transport Department has issued notices to Ola and Uber for not disabling child-lock on their cabs, pointing out that only 20% of the city's 100,000 cabs have disabled child-lock, according to the Economic Times. The transport department has disabled the feature in 22,000 cabs and penalized the owners. It has further formed 11 teams with 3 members each to check on cabs in different areas of the city. Narayana Swamy, the additional commissioner of the Transport Department, told ET that these companies were operating 60,000 cabs, and that the cab platforms' support was necessary to implement this and ensure the safety of women. * Ola has applied for an NBFC license and is looking to expand a short-term credit service (which is currently running in pilot for riders), launch a credit card (in partnership with a bank), sell…

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