2019-08-11_Business_Today

(Dana P.) #1
There was a time when
social media was syn-
onymous with Face-
book and Twitter. Not
anymore. White House
kept both companies
out of the social media
summit it organised
earlier this month.
US President Donald
Trump, however, said
there would be a big
meeting of companies
where they would
be invited.

Left Out


RESPECTING
PRIVACY

DOES THE TAX DEPARTMENT
SNOOP ON SOCIAL MEDIA
PROFILES TO CHECK IF INDI-
VIDUALS ARE EVADING TAXES?
CENTRAL BOARD OF DIRECT
TAXES CHAIRMAN PRAMOD
CHANDRA MODY CALLS IT A
"MISCONCEPTION". HE SAYS
THEY ALREADY HAVE THEIR
OWN DATA ANALYTICS TEAM
AND OTHER SOURCES TO
OBTAIN AUTHENTIC INFORMA-
TION. ACCORDING TO HIM, THE
TAX DEPARTMENT IS WORKING
ON A SOFTWARE THAT WILL
ENABLE IT TO TEXT A CERTAIN
SET OF TAXPAYERS TO REMIND
THEM OF THEIR HIGH VALUE
TRANSACTIONS SO THAT THEY
PAY TAXES ON TIME.


August 11 I 2019 I BUSINESS TODAY I 25

ANTI-BULLYING


Instagram has introduced a new Artificial
Intelligence feature that warns users if they
are about to post an offensive comment.
They are also testing a feature that will
enable users to hide mean comments on
their posts and at the same time mute
users – without notifying them – who
posted such comments. This is one of the
many initiatives that Adam Mosseri, head
of Facebook-owned Instagram, has taken
to protect users from online bullying.

The penalty on Facebook
for privacy violations.
The US regulator Federal
Trade Commission has
approved it, but the
Justice Department is
yet to give its go-ahead.
If affirmed, this will turn
out to be the largest ever
fine the regulator has
imposed on an
organisation.

62 %


INDIAN PROFESSIONALS
FEEL “DAUNTED” BY THE
RAPID PACE OF CHANGING
SKILLS, POINTS OUT LINKE-
DIN’S FUTURE OF SKILLS 2019
REPORT. IT HIGHLIGHTS THE
TOP THREE SKILLS WHICH ARE
WITNESSING A RISE – ROBOTIC
PROCESS, AUTOMATION AND
COMPLIANCE AND CONTINU-
OUS INTEGRATION.

$ 5 billion

Free download pdf