Minister of Finance and Corporate Affairs, Nirmala Sitharaman, arrives to attend the cabinet meeting in New Delhi (Source: BCCL)
India’s newly appointed Finance Minister, Nirmala Sitharaman will reportedly push for the proportional assignment of tax on global profits at the upcoming G20 Summit in Japan. India is looking to gather more support for its proposal so that companies like Facebook can’t escape taxation by centralising its profits and taxes in Ireland to take advantage of its low tax rates.
Why you should care:
The new designation of tax will mean payments will now be redistributed according to areas where a company has more users. This could mean a lot more revenue for the Indian government where a large percentage of Google, Facebook and Amazon’s users reside.
Ravi Shankar Prasad, India's minister of Information and Technology (Source: BCCL)
Ravi Shankar Prasad, who is now serving his second term at India’s Information and Technology Minister, has announced that one of his top priorities is going to be getting India’s Personal Data Protection, 2018 to Parliament as soon as possible.
Why you should care:
The government is currently working on certain amendments that it wants to make to bill. All in all, the implementation of the bill will mean two things for users. One, they will technically have more control over how and where their data is stored. But, on the other hand, enforcement of the bill could mean that the government has more access to your data under the guise of ‘national security’.
Paytm Founder, Vijay Shekhar Sharma (Source:BCCL)
Paytm is looking to acquire Coverfox, an insurtech start up, for a whopping $120 million. This could be a signal that Paytm is ready to foray into the insurance space. Paytm founder, Vijay Shekhar Sharma, had earlier told Business Insider that it is looking to double down on investments in 2019 and one of the sectors that the company is looking into is insurance.
Why you should care:
Paytm currently has its fingers in all things fintech. Aside from being an online wallet, Paytm allows users to shop online and book tickets to movies or events. The acquisition of a new venture indicates that Paytm is looking to become a one-stop-solution for all financial transactions.
Carl Pei, co-founder of OnePlus displays the newly-launched OnePlus 7 series phone in Bengaluru. (Source: PTI)
The OnePlus 7 Pro may not be the fastest phone in the world on paper — the iPhone XS does better on benchmark tests — but it still feels like the fastest. The fact that it has less animations is one of the main reasons for that feeling. But, tweaking the phone’s setting could get the OnePlus 7 Pro going even faster.
Why you should care:
If you’re one of many that already has their hands on the OnePlus 7, having a phone that’s even faster than before is never a bad thing. Acting as a ‘developer gives you the power to shave down the phone animations even more than they already are.’
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