Charges against Big Tech include violating privacy & promoting paid-for content. They have responded with vigorous defence & aggressive lobbying, but also with changes to business models.
In report tabled Thursday, standing committee on finance emphasized need for strengthening anti-competitive laws to ensure level playing field for smaller digital players.
Big tech firms have confirmed hiring pauses, Zuckerberg has hinted at layoffs and small companies have begun cutting down jobs, all citing economic trends, macroeconomic environment.
Getting tech giants to share revenue for news content is an 'important issue' & 'needs to be tackled legislatively', Union minister Rajeev Chandrasekhar said Saturday.
The theory that banning big tech companies from making acquisitions would stimulate competition is dubious. Mergers and acquisitions are typically a spur to efficiency, not a barrier.
Technology companies like Google, Facebook, Twitter or Amazon are under increased scrutiny and regulatory pressure of the Modi govt. They need an insider in power corridors.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
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