The author of proposed Australian laws to make Facebook and Google pay for journalism has said his draft legislation will be altered to allay some of the digital giants’ concerns, but remain fundamentally unchanged. Australia’s fair trade regulator Rod Sims, chair of the Australian Competition and Consumer Commission, said he would give his final draft […]
Archives for September 2020
Regulate digital media, not TV, Centre tells SC
The Centre on Thursday suggested to the Supreme Court to frame regulatory mechanisms for curbing hateful, insidious and communal content on digital and social media platforms rather than making a fresh attempt to regulate content of print and electronic media, which already have an existing framework recognised by the court in recent judgments. Apparently anguished […]
Digital ad spends on IPL to go up by atleast 20 percent this year: Advertisers
Advertising spends on platforms like Facebook and Google‘s YouTube and other social media platforms for the upcoming Indian Premier League (IPL) will go up by at least 20% this year as the tournament goes digital, advertisers and marketers said. Spends will also go up because IPL coincides with the festive season this year, which anyway […]
Internet cos bulk up blue-collar jobs ahead of festival rush
Illustration: Rahul Awasthi Major ecommerce companies and logistics services providers have increased hiring of blue-collar temporary workers by about 50% during the second quarter to gear up for the upcoming festive season, according to estimates by third-party staffing agencies. Even as the ramp-up by the likes of Amazon, Flipkart, BigBasket, Shadowfax and Ecom Express continues, […]
Ecommerce may bag big gains this festive season by logging record sales
Illustration: Rahul Awasthi The online retail industry is expecting strong growth in sales during the upcoming festive season, riding on the back of a surge in first-time shoppers from smaller towns, according to analysts and industry executives who expect the sector to also gain from the pandemic-induced slowdown in offline retail. The season will be […]
Stronger and smarter: Why it’s time to move your business online
The posts in this series have been drawn from Xero’s Stronger and smarter: a small business handbook. Designed to help small businesses determine which steps to take next, this practical guide uncovers the 10 trends shaping the future – so you can come back stronger and smarter than ever. If ever we doubted the power […]
AICPA urges passage of ‘PPP 2’ legislation
The AICPA issued a news release Thursday afternoon renewing the organization’s call for the swift passage of legislation to extend and expand the Paycheck Protection Program (PPP). The PPP funded more than 5.2 million loans for a total of $525 billion but stopped accepting new applications on Aug. 8. The program closed with almost $134 […]
Treasury report on CECL standard is inconclusive
Market conditions during the coronavirus pandemic prevent a definitive assessment of the impact of FASB’s new standard on accounting for credit losses, according to a Treasury report issued this week. According to the congressionally mandated report, drawing conclusions regarding the current expected credit losses (CECL) standard’s impact since its initial implementation in early 2020 is […]
FASB alters not-for-profit accounting rules for gifts-in-kind – Journal of Accountancy
Not-for-profits will be required to provide additional information on the contributions of nonfinancial assets they receive under a new accounting standard issued Thursday by FASB. Also known as gifts-in-kind, contributed nonfinancial assets can include fixed assets such as land, buildings, and equipment; the use of fixed assets or utilities; materials and supplies, such as food, […]
Best Current Account for Startups & Small Business
Current Account for Startup – Startup is a newly created business that is launch to solve customers’ problems. Well, it is difficult to establish and run a startup. Especially, if you are a first time entrepreneur & starting a business for the first time. You have to make many decisions like the selection of products, […]