The Ministry of Consumer Affairs (MCA) warned Indian ed-tech companies on Friday that if industry self-regulation failed to curb unfair trade practices, then the government would formulate ‘stringent guidelines’ that foster transparency in the sector. The salvo was issued at a meeting held in New Delhi, between Rohit Kumar Singh, Secretary of the Department of Consumer Affairs, and the India Ed-Tech Consortium (IEC). Announced on January 12th of this year, the IEC is an autonomous, self-regulatory body for the ed-tech industry. It operates under the Internet & Mobile Association of India (IAMAI). The meeting was attended by IAMAI representatives and IEC members, including the likes of Byju’s, Vedantu, Unacademy, Great Learning, upGrad, WhiteHat Jr, and Sunstone. According to the Ministry, its members represent 95% of India’s 'learner community'. During the meeting, stakeholders shared the IEC's progress toward improving consumer awareness and…
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