Illustration: Rahul Awasthi Last weekend, an audio message, purportedly from a lady whose father was an army doctor, went viral on WhatsApp. The message claimed that “army hospitals are in direct contact with the ministry of health, and they’ve been ordered to create quarantine facilities everywhere.” But that wasn’t the dangerous part of the message. […]
Archives for March 2020
Payment aggregators to face stricter norms, sector livid
Illustration: Rahul Awasthi The Reserve Bank of India will soon treat all payment aggregators as regulated entities under the Payment and Settlement Systems Act (2007) under its direct supervision, bringing in tighter regulations for the country’s digital payment industry. The new set of guidelines for these companies include having minimum net worth of ₹15 crore […]
Brace yourself for slower data speeds
Illustration: Rahul Awasthi Consumers of mobile and home broadband services may soon have to brace for sharp slowdowns in data speeds, dropped video calls or heavy buffering as India Inc asks staff to increasingly work from home to contain the spread of Covid-19. Experts and analysts say existing telecoms infrastructure belonging to Bharti Airtel, Vodafone […]
Indians lost Rs 228 crore in 52,000 cases of bank fraud between Mar-Dec 2019: Govt
More than 52,000 cases of credit, debit card and net banking fraud were registered in India in the nine months to December, with people losing over Rs 228 crore during the period, a 60% jump in money lost compared to the previous 12 months, the government said on Wednesday. In fiscal year 2019, around 52,304 […]
How local language content startups help stem fake info
Illustration: Rahul Awasthi Regional language content startups which typically cater to gig economy workers, daily wage earners, housewives and students, are amplifying their outreach about the Covid-19 virus pandemic in a bid to control misinformation. Josh Talks, Vokal, Lokal, NoticeBoard, Youth Ki Awaaz, DailyHunt, and Trell among others are making and sourcing content from authentic, […]
7 Ways to support small businesses during slow trade
Yes, we all feel it. Shelves are bare and economic realities are beginning to emerge. Small business survival is an important component to a healthy community and economy. Now more than ever, let’s lend them a hand shall we? Big supermarket chains like Coles will be fine, but your local small businesses will be under […]
How to help clients decide between a Roth and traditional 401(k)
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Roth 401(k) or traditional 401(k) — which is best for your clients?Working clients are advised to consider contributing to a Roth 401(k) if their plan offers such an option, depending on their current tax circumstances and tax situation in […]
AICPA expresses strong concern over lack of filing relief in coronavirus tax notice
On Wednesday, the IRS finally issued a notice describing the tax relief relating to the novel coronavirus outbreak currently affecting the country. The IRS is pushing back the deadline for various tax payments but did not provide relief from the April 15 filing deadline for tax or information returns. Notice 2020-17 provides that any taxpayer […]
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Azure Red Flag: Microsoft Accidentally Fixes Cloud Config ‘Bug’
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