The department of consumer affairs is in the process of preparing guidelines for social media influencers, especially in the field of health and finance, to ensure that they are not pedalling half-baked or misleading information.
The Goods and Services Tax (GST) Council is set to clarify the Tax Collected at Source (TCS) liability of e-commerce suppliers on 11 July. The announcement comes as part of a discussion about the Open Network for Digital Commerce (ONDC), which operates in two models: the inventory model and the marketplace model. Under the latter, a buyer places an order with an e-commerce platform that sources the goods/services from another e-commerce entity; however, the confusion over TCS duty arises due to multiple entities being involved. The GST Council is expected to clarify whether the TCS should be deducted by the buyer or the seller e-commerce operator.
"Apart from other things, Founders need IQ, EQ and GQ. Governance quotient now will become more important than ever and it's good for the ecosystem that Corporate Governance is taken seriously from Day Zero," Aman Gupta tweeted.
In Arcachon Bay in southwest France, the startup Beyond The Sea tested a blue inflatable kite sail the size of a small studio to pull a specially-designed catamaran across the water.
Artificial intelligence, and the threat it poses to professions across the entertainment industry, has been a constant source of hand-wringing in Hollywood this summer.
The online gaming industry in India has witnessed signifcant growth and is emerging as a buzzing sector with huge economic potential.
In May, Micron Technologies, an Idaho chipmaker, received a serious blow as part of the U.S.-China technology war. The Chinese government banned companies that handle crucial information from buying Micron's chips, saying the company had failed a cybersecurity review.