ONLINE INTERMEDIARIES
Social media companies list out worries as Centre readies data protection rules
Social media platforms have said that undoing behavioural tracking of children and targeted advertisements are among the biggest concerns they have with the new data law the government is prepping. The companies are voicing their concerns as rules of the Digital Personal Data Protection (DPDP) Act will be released soon.
EU in touch with Telegram as it nears criterion for EU tech rules
The Digital Services Act (DSA) which kicked in last year applies to all online intermediaries and platforms, but with tougher obligations on Big Tech to do more to police illegal and harmful online content on their platforms.
Airlines, hotels, retailers fear being left out in Google's search changes
Airlines, hotels, and retailers urge EU tech regulators for fair treatment in Google's compliance with DMA regulations. Concerns raised about revenue impact as Google's response focuses on changes favoring large intermediaries and aggregators, with ongoing investigations by the Commission.
Denied tickets, betting sites still vie for seats in poll arena
Offshore betting apps in India allow users to bet on elections using rupees. Criminals use mule accounts for money laundering, evading taxes. Gaming experts noted a smaller scale of betting in the 2019 general elections.
Guardians of online galaxy for minors
Navigating complexities of a minor's online-time, it's ideal for guardianship to be upheld by those nearest to a child at homes and in schools rather than by China-style mai-baap states or tech corps. Focus should be on empowering these entities and educating children about online hazards.
Supreme Court puts on hold govt's fact-check unit notification
The stay will remain in place till the Bombay High Court finally decides the constitution validity of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules 2023, the top court said.
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MIB advises social media influencers to avoid promoting betting ads
In an advisory issued on Thursday, the ministry advised online ad intermediaries not to publish such content targeting an Indian audience and social media intermediaries to educate their users against publishing such content.
KYC rules to change: Uniform KYC for all — opening bank account to buying insurance to investing in stocks, mutual funds
In its recent meetings, FSDC, chaired by Finance Minister Nirmala Sitharaman, proposed to bring uniform KYC to verify customers, ease inter-usability of KYC records across the financial sector, and simplify the digitalisation of the KYC process. What is uniform KYC? How will uniform KYC ease the process of onboarding? What is going to change for customers? ET Wealth Online explains.
Consumer watchdog CCPA cautions celebrities, influencers against promotion of gambling
The consumer protection watchdog, Central Consumer Protection Authority, also cautioned celebrities, influencers and other similar stakeholders of stringent action against endorsements of ‘illegal activities’ including betting and gambling.
Irdai proposes to set up online marketplace 'Bima Sugam'
Irdai has invited comments on the draft Insurance Regulatory and Development Authority of India (Bima Sugam -- Insurance Electronic Marketplace) Regulations, 2024. The deadline for submitting comments is March 4. Stakeholders are encouraged to provide feedback on the proposed regulations for the online insurance market place.
Bima Sugam: IRDAI's draft regulations on one-stop online shop for all insurance policies
The Insurance Regulatory and Development Authority of India (IRDAI) has released draft regulations for the electronic insurance marketplace, Bima Sugam, or a digital public infrastructure.
Government reminds intermediaries to remove deepfakes or face legal consequences
In case of failure of the intermediaries to observe the legal obligations as provided in the IT Rules, 2021, "they lose their safe harbour protection under section 79 of the IT Act and shall be liable for consequential action or prosecution as provided under any law for the time being in force including the IT Act and the Indian Penal Code, including section 469 of the IPC".
Insurers' intermediaries get I-T notices under benami law over alleged fund routing violations
Over the past one week, some companies acting as agents and marketing intermediaries of insurance companies have received notices under the Benami Transactions (Prohibition) Amendment Act, 2016, for allegedly routing funds to sidestep regulations.
Govts shouldn’t take away immunity of online platforms over user posts: Vint Cerf
Cerf also said that companies working on artificial intelligence (AI) and generative AI should be “cautious and careful” about the way they introduce these technologies, while also being transparent about the capabilities of the systems.
AI-powered deepfakes bare fangs in 2023, raise concern about impact on privacy, electoral politics
Deepfakes are manipulated videos or other digital representations that use artificial intelligence to create cogent videos or audio of individuals they never did or said, posing a risk of spreading misinformation and damaging their reputation.
2023 Year in Review: Top policy changes that impacted the technology industry
From a new data law to changes in taxation for the online gaming sector, 2023 saw a plethora of developments impacting India’s tech industry.
CBDT clarifies applicability of TDS liability for online retailers on ONDC
As per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1% TDS will have to be deducted from the gross sale amount after including convenience/ packaging/shipping fees as charged by ecommerce trading platforms for the order placed on ONDC.
It's almost 2024 and travelers keep making the same mistakes
Large online travel agencies are not the only middlemen to avoid, when you can. Generally speaking, the fewer companies involved in your travel planning, the better off you'll be when something goes awry. Those include smaller agencies such as consolidators (who often sell airfares not openly available on the internet), vacation rental agencies such as Vrbo and Airbnb, credit card platforms such as Chase Travel and even code share flights when you book with one airline and fly on another.
Byju’s CEO says will tide over crisis in 45-60 days; BNPL startup ZestMoney to shut down
Amid the ongoing cash crunch at Byju’s, founder and CEO Byju Raveendran told senior executives that he is aiming to address the crisis over the next 45-60 days.
Passive aggression, payment aggregators
Some degree of harmonisation would be required to level the playing field between traditional and new-age payment aggregators. Banks have been doing the job for a while now under strict supervision. Nimbler fintechs that want to go up against these giants will have to share some of the compliance burden.
Impact of RBI’s year-long ban on payment processors; Meta’s Joel Kaplan interview
Happy Monday! Almost a year after the country’s central bank imposed a freeze on onboarding new merchants for online payment firms, they have been forced to scout for alternative revenue sources.
Govt advisory asks social media firms, intermediaries to axe deepfake content
The IT ministry’s advisory comes a day after a deep-fake video of actress Rashmika Mandanna went viral on social media platform X (formerly Twitter).
Government pushes for accountability from internet intermediaries as Meta faces legal action in the US
Talking to a news channel, minister of state for electronics and IT Rajeev Chandrasekhar said that the days of free pass and immunity to the social media intermediaries for the content that is hosted on their platforms was over.
CDCL: India must adopt an evidence-based approach that gives weight to its realities
Several jurisdictions, including the EU, Britain, Japan and Australia, are designing or implementing ex ante proposals to regulate the business practices of large digital intermediaries, and these proposals vary in scope and approach. India's approach to ex ante legislation should be guided by its policy objectives and market realities. However, understanding international proposals can reveal a bouquet of regulatory design choices and their shortcomings.
Final call to take down content left to intermediaries: Govt in Bombay HC
There will also be a provision of internal redressal mechanism in place and the courts can step in if issues remain unresolved, the government said in its submission. It was also submitted that the new rules aim to combat false news on anonymous platforms without penalising humour or criticism of the government.
Online gaming companies tax demand in line with legal stand: CBIC chairman
CBIC chair says will implement 28% GST regime after state laws amended, review in 6 months
Final call to take down content left to intermediaries: Govt submission to Bombay HC
The Central Government in its submission to the Bombay High Court has clarified that the fact check unit proposed to be set up by the government will focus on patently false government-related content, and that its role is only to flag and present views on misinformation, leaving the final call to (take down content to) intermediaries.
Gaming federation moves Madras HC seeking stay on Tamil Nadu gaming law
In its plea to the High Court, AIGF has alleged that the Tamil Nadu Prohibition of Online Gaming and Regulation of Online Games Act of 2022 would have far-reaching implications on gaming intermediaries.
Government proposes self regulation for e-gaming companies
Draft rules make verification of players via Know Your Customer norms mandatory, firms will also be required to have a physical presence in India.
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