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Government Shutdown’s Reverse Mortgage Impact, Big and Small

The partial shutdown of the United States federal government that is currently in effect has become the longest one in history, ending its 30th consecutive day on Monday and having widespread ramifications for over 800,000 federal workers and dozens of federal agencies. While direct ramifications to the production of reverse mortgage business have been minimal according to originators, the shutdown’s effects on different aspects of reverse business can still be felt, particularly when looking...
Tags: Featured, Congress, Washington, Finance, White House, Regulation, United States, New York Times, Hud, SEC, Products, Aba, U.s. Government, Freddie Mac, FHA, Urban Institute


Indian data should be owned by Indians, not corporations – Mukesh Ambani, RIL

Mukesh Ambani, chairman and MD of RIL, has said that, “India’s data must be controlled and owned by Indian people ─ and not by corporates, especially global corporations. For India to succeed in this data-driven revolution, we will have to migrate the control and ownership of Indian data back to... ...
Tags: Travel, News, Privacy, India, Policy, Regulation, Data Protection, Reliance, Mukesh Ambani, RIL, Data Localization, Data Localisation, MD of RIL


ShareChat removes 50,000 accounts with fake content

ShareChat has banned 50,000 profiles to keep pornographic, violent and fake content off of its platform, reports the Economic Times. A ShareChat spokesperson told MediaNama that the platform ran a campaign 6 months ago asking users to flag/report problematic content. However, the company refused to... ...
Tags: Travel, Mobile, News, Social Media, Policy, Regulation, Content, Intermediary Liability, Economic Times, Content Regulation, Medianama, IT Act, Indic, Fake News, ShareChat, Online entertainment content


CCI approves Amazon-Samara’s acquisition of the supermarket chain More

The Competition Commission of India yesterday approved Samara Capital and Amazon’s joint acquisition of Aditya Birla Group’s More supermarket chains. @CCI_India approves acquisition of 49% equity share capital of Witzig Advisory Services Private Limited by https://t.co/vUAP6KDWu3 NV... ...
Tags: Travel, Amazon, Ecommerce, News, Government, More, Policy, Regulation, CCI, Competition Commission of India, Aditya Birla Group, FDI In E-Commerce, Amazon Samara, Samara Capital, Witzig Advisory Services Private Limited, Samara Capital and Amazon


IAMAI’s regulatory code for OTT platforms outlining principles and seeking a creation of grievance redressal; will it lead to self-censorship?

With the aim to provide a regulatory code for video streaming platforms, the Internet and Mobile Association of India (IAMAI) has released a document called “Code of best practices for online curated content providers.” OTT platforms such as Netflix, Hotstar, Voot, Zee5, Arre, SonyLIV,... ...
Tags: Travel, Video, News, Government, Censorship, Policy, Regulation, Content, Ott, IAMAI, Mobile Association of India IAMAI, OTT platform


Union govt proposes drone corridors, service providers in Drone Regulations 2.0

The Union Government has suggested establishing a corridor for flying drones and setting up a regime for licensing and authorizing flying of drones. Minister of State for Civil Aviation Jayant Sinha announced the updated policy for drone operations at the Global Aviation Summit in Mumbai yesterday.... ...
Tags: Travel, News, Internet, Government, Policy, Regulation, Drones, Mumbai, Uav, Jayant Sinha, Ministry of Civil Aviation


IAMAI to release a code of self regulation for OTT platforms; our take

The Internet and Mobile Association of India (IAMAI) has drafted a code of self-regulation for video streaming OTT platforms, reports The Economic Times. IAMAI officials confirmed the existence of the draft to MediaNama, and said that it would be released tomorrow, 17 January. MediaNama has not... ...
Tags: Travel, News, Internet, Censorship, Regulation, Freedom Of Speech, Content, Ott, IAMAI, Mobile Association of India IAMAI, Freedom Of Expression, Medianama, Web Censorship, Delhi HC, MeitY, OTT platform


Amazon and Flipkart seek extension to comply with new FDI policy

Amazon and Flipkart have asked the government for an extension on the 1 February deadline to comply with the new FDI policy for e-commerce, reports the Economic Times. Amazon has asked for time until 1 June, while Flipkart has asked for an extension of 6 months, to 1 August. MediaNama has reached... ...
Tags: Travel, Amazon, Ecommerce, News, Internet, Government, Policy, Regulation, Marketplaces, Flipkart, Fdi, Medianama, Economic Times Amazon


On OTT regulation, relationship with telcos, substitutability and lawful interception issues: #NAMA discussion on OTT regulation

The relationship between telecom operators and OTT services has changed, since the TRAI’s first consultation on regulation of OTT services in March 2015. “It’s a symbiotic relationship,” a participant in MediaNama’s discussion on OTT services said, saying that the two are... ...
Tags: Travel, Mobile, News, Internet, Policy, Regulation, Telecom, Trai, Consultation, Nama, NAMAOTT


TRAI: Viewers can avail 100 pay and free to air SD channels for Rs 130

The Telecom Regulatory Authority of India (TRAI) has clarified (pdf) that the consumers have the option to choose a-la-carte free to air channels OR Pay channels OR bouquet of pay channels or any combination within the desired 100 SD channels, within the network capacity fee of maximum Rs 130. The... ...
Tags: Travel, TV, Television, News, Cable, Government, Policy, Regulation, Trai, Telecom Regulatory Authority of India TRAI, DTH


Indonesian govt to collect data and charge tax on e-commerce players

Indonesia will now require e-commerce sellers to share data with authorities and pay VAT and income taxes, reports Reuters. Due to come into effect in April, the new rules passed by the finance ministry will require e-commerce platforms to give data on how much money each vendor has made while... ...
Tags: Travel, Mobile, Ecommerce, News, Internet, Indonesia, Policy, Regulation, Reuters, Lazada


Germany’s anti-trust body to order FB to stop gathering unspecified user data

Germany’s anti-trust regulator plans to order Facebook to stop gathering some user data (unspecified), reports Reuters. The regulator, Federal Cartel Office, will tell Facebook in a ruling as to what action it would have to take in the next few weeks. The Federal Cartel Office has been... ...
Tags: Travel, Mobile, Facebook, News, Internet, Government, Germany, Social Media, Data, Regulation, Antitrust, Data Protection, Reuters, Federal Cartel Office


FAANG, Public Trust, Valuations, in 2019: The Read from Menlo Ventures

The market caps of some of the most successful tech titans reach as high as $1 trillion. Yet in 2018, perceptions about these dominant companies often reflected uneasiness and doubt—and for some, so did their stock performance.Maybe the mood shift has to do with the fact that the public and government leaders no longer evaluate these tech giants based solely on their spectacular market growth and multi-billion-dollar valuations, but also on the effects of their products, which are woven into al...
Tags: Apple, Google, Amazon, Startups, Facebook, Uber, Microsoft, Privacy, Entrepreneurship, Ipo, Russia, Funding, San Francisco, Trends, Tech, Vc


NASSCOM, Indian Private Equity, TiE and others ask govt to abolish angel tax

Industry bodies NASSCOM, TiE Global, Indian Private Equity & Venture Capital Association (IVCA), Chennai Angels, India Angel Network and Rajasthan Angels have jointly written to the Union government asking it to abolish the ‘angel tax’. Addressed to the Finance Minister Arun Jaitley and... ...
Tags: Travel, Technology, News, Government, Arun Jaitley, Startup, Tax, Regulation, Digital India, CBDT, Indian Startups, NASSCOM, Startup India Standup India, Angel Tax, Rajasthan Angels


Fiat Chrysler Nears Settlement Over Dirty Diesel Allegations

Fiat Chrysler Automobiles is on the cusp of reaching a settlement with the U.S. Justice Department over undeclared emissions control software that allowed 104,000 diesel vehicles to pollute beyond legal limits. The settlement is expected to include significant civil penalties and fines to account for the excess diesel emissions while also covering claims from the […] The post Fiat Chrysler Nears Settlement Over Dirty Diesel Allegations appeared first on The Truth About Cars.
Tags: Regulation, Ram, Fca, Lawsuits, Autos, Emissions, Justice Department, Jeep, Fiat. Chrysler, U S Justice Department, News Blog, EcoDiesel, Hot Legal Action, Eco Diesel


MeitY extends the deadline for comments on Intermediary Guidelines to January 31

The Ministry of IT and Electronics (MeitY) has now extended the deadline for submission of comments and suggestions from 15 January to 31 January. MeitY will publish the comments on its website on February 4, after which it will invites counter-comments until February 14. Comments to MeitY can be... ...
Tags: Travel, Mobile, News, Internet, Government, Regulation, Intermediary Liability, Platforms, IT Act, Ministry of IT and Electronics MeitY, Information Technology Rules 2011


Prescription drug Suhagra cause for Snapdeal and seller prosecution in Karnataka

The Karnataka drugs controller will begin prosecution against executives of online marketplace Snapdeal, and an owner and staffer of Ludhiana-based retailer Herbal Health Care for selling prescription drug Suhagra-100, reports the Economic Times. The order named Snapdeal CEO Kumar Bahl, and COO... ...
Tags: Travel, Health, Mobile, Ecommerce, News, Internet, Government, Policy, Regulation, SnapDeal, Intermediary Liability, Karnataka, Economic Times, Ludhiana, Drugs Controller General of India, Herbal Health Care


State intervention in the development of Digital India – Sidharth Chopra, Nandita Saikia

by Sidharth Chopra and Nandita Saikia There has never been a time when technological change has not been accompanied by resistance to it. Change, whether one thinks that it is progress or not, has the tendency to disturb the status quo, and to leave those who most benefited from the status quo... ...
Tags: Travel, Ecommerce, Video, Technology, Legal, News, Internet, Policy, Regulation, Content, Bar, Digital India, Sidharth Chopra, Nandita Saikia, Sidharth Chopra Nandita Saikia


Bus, auto and taxis on a two day national strike; other trade unions also in

Transport workers in Delhi, Mumbai, Bengaluru and Kolkata have gone on a two day strike demanding social security and minimum wages of Rs 24,000, reports LiveMint. Uber’s Bengaluru Union told MediaNama that Uber drivers are not participating in the strike, while an Ola drivers’ union... ...
Tags: Travel, News, Government, Policy, Regulation, Transport, Telecom, Kolkata, Public Transport, Medianama, Online Cab booking, Driver strike, Delhi Mumbai Bengaluru, LiveMint Uber s Bengaluru Union


For Reverse Mortgage Originators, Government Shutdown is Business as Usual

Although new endorsements of Home Equity Conversion Mortgages (HECMs) have been halted due to the partial government shutdown that began on December 22, reverse mortgage originators are largely conducting business as usual in spite of the gridlock plaguing Washington, D.C. Certain FHA services related to pre-existing HECM loans will still be available during the shutdown, according to an announcement from the U.S. Federal Housing Administration (FHA). “The shutdown has not affected me at this...
Tags: Featured, Congress, Finance, White House, Regulation, House Of Representatives, Hud, U.s. Government, FHA, Bellingham Wash, San Diego Calif, Ormond Beach Fla, Lenders, HECM, LRS, Christina Harmes


Updated: Madras HC stays ban on e-pharmas; wait and watch game for regulation

Update on January 7:  What the e-pharmacies appealed Practo claimed that it ensures that sale and purchase records of medicines are stored, and Schedule H and H1 drugs are not sold without valid prescriptions Pharmeasy said that it acts as an intermediary to connect customers with registered retail... ...
Tags: Travel, Health, Mobile, News, Internet, Policy, Regulation, Practo, Madras, Madras High Court, Medlife, 1mg, Online pharmacy, E-pharmacy, NetMeds, Pharmeasy


SC to Centre: Why the continued use of the dead Section 66A of the IT Act?

The Supreme Court has issued a notice to the Centre in the application filed by People’s Union for Civil Liberties (PUCL) about the continued use of Section 66A of the Information and Technology Act, reports PTI.  In its PIL, PUCL said that 48 separate FIR cases were registered under the... ...
Tags: Travel, News, Supreme Court, Government, Censorship, Policy, Regulation, Freedom Of Speech, PTI, Supreme Court of India, Freedom Of Expression, IT Act, Section 66a, 66A, People s Union for Civil Liberties PUCL, PIL PUCL


Aadhaar and Driving License linking will be mandatory, unclear when

Union Minister Ravi Shankar Prasad said that the government will soon bring in a law for the mandatory linking of Aadhaar and driving licenses, reports PTI. Prasad reasoned this linking to hit-and-run accident makers obtaining duplicate licenses after fleeing the scene and not being caught. He... ...
Tags: Travel, News, Government, Policy, Regulation, Transport, Ravi Shankar Prasad, Aadhaar, MeitY, Aadhaar Act, PTI Prasad


The Aadhaar Amendment Bill passed in Lok Sabha

By Namita Singh and Trisha Jalan The Aadhaar Amendment Bill is being moved in the Lok Sabha currently. Here are some of the main points raised: Live Updates: ceased 5:58 pm: The Aadhaar Amendment Bill has been passed in the Lok Sabha through voice vote. Note that the Bill needs to be passed in... ...
Tags: Travel, News, Privacy, Government, Policy, Regulation, Bill, Lok Sabha, Aadhaar, UIDAI, Aadhaar Act, Trisha Jalan, Namita Singh


Mozilla calls proposed IT rule changes for intermediaries ‘blunt and disproportionate’

MeitY’s new proposed rules for intermediaries are “blunt and disproportionate solutions” to issues surrounding harmful online content, Mozilla Corporation said in a statement to MediaNama. Free speech vs regulation: a fine balance Content pulldown: Mozilla emphasizes that the new rules... ...
Tags: Travel, Ecommerce, News, Internet, Government, Censorship, Social Media, Policy, Regulation, Mozilla, Isp, Intermediary Liability, Mozilla Corporation, IT Act, IT Rules


Cable and DTH operators roll out individual channel pricing per TRAI regulation

In light of TRAI’s new framework for broadcasting and cable services, DTH operators such Airtel Digital TV, Dish TV and cable service providers have put out pricing for individual TV channels, reports The Indian Express. This is according to the new framework where users will be able to... ...
Tags: Travel, TV, Television, News, Cable, Government, Policy, Regulation, Trai, DTH, Airtel Digital TV Dish TV


AITC argues for right to privacy, calls for withdrawal of surveillance circular

Sukhendu Sekhar Ray, Member of Parliament from All India Trinamool Congress, has raised the issue of violation of privacy with respect to the circular and demanded its withdrawal, weeks after the Home Ministry of India notified that 10 central security and investigation agencies could intercept,... ...
Tags: Travel, Technology, News, Privacy, Internet, Government, Surveillance, Policy, Regulation, AITC, IT Act, Sukhendu Sekhar Ray, All India Trinamool Congress, Home Ministry of India


Madras HC stays ban on e-pharmas; wait and watch game for regulation

The Madras HC, on January 2, has stayed an earlier order which banned the online sale of medicines until further notice, saying that patients would be affected if sales were banned suddenly. A division bench of Justice M Sathyanarayanan and Justice P Rajamanickam granted the interim stay. Why... ...
Tags: Travel, Health, Mobile, News, Justice, Internet, Policy, Regulation, Practo, Madras, Madras High Court, Medlife, 1mg, Online pharmacy, Madras HC, E-pharmacy


What does the Aadhaar and Other Laws (Amendment Bill), 2018 do?

The Aadhaar and Other Laws (Amendment Bill), 2018 has been tabled in the lower house of the Parliament for consideration, despite resistance from opposition parties. The bill seeks to amend three acts: the Aadhaar Act 2016, the Indian Telegraph Act, 1885 and the Prevention of Money-Laundering Act,... ...
Tags: Travel, News, Government, Policy, Regulation, Parliament, Aadhaar, UIDAI, MeitY, Aadhaar Act


MeitY seeks public comments on changes to IT Rules till 15 January

The Ministry of IT and Electronics (MeitY) released a set of proposed changes to the rules which operationalize the IT Act, last week. These rules govern how intermediaries are to behave under Section 79. The existing rules provide safe harbour to these platforms for content published by users on... ...
Tags: Travel, News, Internet, Government, Policy, Regulation, Platforms, IT Act, MeitY, IT Rules, Ministry of IT and Electronics MeitY