Facebook brings stricter ad rules ahead of 2019 elections : Bulletin: Business Today
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Facebook brings stricter ad rules ahead of 2019 elections

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BusinessToday.In | January 17, 2019

Facebook brings stricter ad rules ahead of 2019 Lok Sabha elections

News from Facebook is that it would extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before significant votes in the next few months.As the largest social media service in nearly every big country, Facebook since 2016 has become a means for politicians and their adversaries to distribute fake news and other propaganda. In India, which votes in May, Facebook will place electoral ads in a searchable online library starting from next month, said Rob Leathern, a director at the company.

New FDI rules for e-comm could reduce online sales by $46 billion by 2022: PwC

India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022, according to a draft analysis from global consultants PwC . Under the changes, e-commerce firms in India will from Feb 1 not be able to sell products via companies in which they have an equity interest or push sellers to sell exclusively on their platforms. The policy would delay or derail some investment plans and push companies such as Amazon and Flipkart to create new, more complex business structures

13 central universities coming up! Cabinet approves Rs 3,600 crore for project

The Union Cabinet on Wednesday granted approval to an expenditure of over Rs 3,600 crore for setting up of 13 new central universities within the next 36 months. While one university each is to be set up in 11 states, Jammu and Kashmir will get two new central varsities.

Netflix, home-grown rival Hotstar to censor content in India

Netflix Inc and home-grown rival Hotstar plan to adopt self-regulation guidelines for content streamed on their platforms in India in an effort to prevent potential government censorship. If you remember, Netflix, was drawn into a legal battle last year after a complaint that its first Indian original series "Sacred Games" insulted Congress leader Rajiv Gandhi. A draft of an unofficial code that will be adopted by Netflix, Hotstar and other local players

H-1B workers are vulnerable to abuse, 'frequently' placed in poor working conditions: US think-tank

H-1B workers are "frequently" placed in poor working conditions and "vulnerable to abuse", a US think-tank claimed Thursday, seeking reforms such as substantial increase in wages.In a report, the South Asia Center of the Atlantic Council also sought safeguards like providing fair working conditions, and greater employment rights for those working under the visa programme. The report comes days after US President Donald Trump said he is soon coming out with reforms that will give H-1B visa holders certainty to stay in America and an easy pathway to citizenship.

PM-headed panel to meet on Jan 24 to appoint new CBI Director: Sources

A high-powered Selection Committee is likely to meet on January 24 to appoint the new CBI Director. Prime Minister Narendra Modi heads the committee, in which the Chief Justice of India and the Leader of Congress in Lok Sabha Mallikarjun Kharge are the other members. The post has been lying vacant ever since the government removed Alok Verma and appointed him as Director General Fire Service. IPS officer M Nageswara Rao was named the interim director of the CBI

Govt eases process to seek tax exemption on angel fund investments for startups

The government has eased the procedure for seeking income tax exemption by startups on investments from angel funds and prescribed a 45-day deadline for a decision on such applications. The move comes against the backdrop of various startup founders claiming that they have received notices from the I-T department to pay taxes on angel funds raised by them. Entrepreneurs have raised concerns over these tax notices.

UK will be open to best and brightest from India under new immigration strategy: Minister

An unlimited number of highly-skilled Indian workers will be able to migrate to the UK under new proposals that could come into effect in 2021, with a senior British minister on Wednesday saying that in the new system the country will be open to the "best and brightest" from India. The UK also wants to ink a pact with India similar to the one New Delhi has with France, treating each other's academic degrees as equivalent for higher studies and jobs, sources said.

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