Author: Shambhavi Sinha

In order to keep up with TikTok’s increasing user base, Meta is shifting its focus to building a strong creator economy. Resources are being redistributed accordingly. Threatened by the rise of TikTok users, Meta is shifting its emphasis away from news and toward creating a creator economy. It is also said to have transferred resources from Facebook News and newsletter site Bulletin to produce more video and entertainment content. According to The Wall Street Journal, in order to heighten their focus on establishing a more robust Creator economy, Facebook executive Campbell Brown warned staff that the engineering and product teams…

The plan, as introduced by the Dubai Crown Prince, is expected to create 40,000 virtual jobs and add $4 billion to the city’s GDP in the next five years. Under a new strategy, Dubai hopes to break into the top ten metaverse economies in the world. This strategy envisions the sector sustaining as many as forty thousand more virtual jobs. Within the next five years, this increase in jobs is estimated to contribute $4 billion to the city’s GDP. Government’s objectives According to the state-run WAM news agency, the government’s goal is to set global standards for the construction of…

According to the Minister of State for Civil Aviation, they have received around 1000 complaints against Air India relating to fare refund, flight overbooking, staff behaviour etc. in 3 months. According to a statement given by Minister of State for Civil Aviation V K Singh on Monday, approximately one thousand passenger complaints have been received against Air India over the course of the past three months. These complaints relate to a variety of issues, including the refunding of fares, the overbooking of flights, and the behaviour of staff. On January 27, the Tata Group successfully gained control of Air India,…

Uber’s new safety feature allows both drivers and passengers to share their name, contact details along with live location updates to the police through the swipe of a button. In the event of an emergency during a ride, Uber has developed a technology integration feature called “emergency assistance” that intends to give public safety authorities real-time actionable data. A button on the Uber app will allow users to share their name, contact information, and live location with the police in case of an emergency. This facility is available to both drivers and riders, and the location shared will be updated…

India’s first shopping mall-cum-coworking facility, the AeroMall is expected to open in Pune, in mid-October, 2022. According to Anarock Retail, India’s first shopping mall-cum-coworking space, housing some of the niche retail businesses, is expected to be open in Pune in the middle of October. The AeroMall, being built by Pebbles Infra-Tech under the PPP model with AAI, is next to the Pune Airport and spans 4,45,000 square feet, comprising 1,30,000 square feet of leasable retail space. According to Anarock Retail, the retail services section of the home-grown real estate consultant Anarock, they served as the facility’s only advisors when designing…

The Union minister suggested the use of a cooperative spirit to overcome obstacles in providing long term financing and achieving expansion in the agricultural sector. Amit Shah, the minister of cooperation, asked the Agricultural and Rural Development Banks (ARDBs) on Saturday to provide more long-term loans to the agricultural sector, including for irrigation and other infrastructure. forbes.fr According to him, the government is creating a database on cooperatives in order to develop this industry, which is crucial for accelerating farm growth and doubling farmers’ income. Importance of development in irrigation He made the point that farmers’ income cannot be increased…

Considering the recommendation of its National Driver Advisory Council, Uber is allowing their drivers to view trip destinations before accepting drives. The move is aimed at reducing trip cancellations. In an effort to reduce trip cancellations after the trip is booked, Uber announced on Thursday that its drivers would be able to see the passenger’s ultimate destination before accepting the ride. The action was taken in response to comments the ride-hailing service got from its National Driver Advisory Council, which was established in March 2022 to promote two-way communication between Uber and drivers in six metro cities to address important…

As per the revision, companies can now release new insurance products for agriculture and related activities, and later file it for approval under the IRDA. The regulator has given general insurance companies permission to file retail goods for agricultural and related operations under a “use & file” procedure instead of the previous approach of the “file & use” process. Businesses may release a product on the market before requesting approval from the Insurance Regulatory and Development Authority of India (Irdai) and later file for the approval. Prior to this revision, companies had to wait for Irdai permission before launching items,…

The CBDT accused manufacturers of well-known Dolo-650 medicine tablets of indulging in unethical practices to promote their products; and for tax evasion. On Wednesday, the CBDT accused the producers of the well-known Dolo-650 medication pill of engaging in “unethical practices” and giving out freebies worth roughly Rs 1,000 crore to physicians and other healthcare professionals in exchange for their endorsement of the pharmaceutical group’s goods. Raids by the Income by CBDT On July 6, 2022, there was a raid at 36 Bengaluru-based Micro Labs Ltd. locations across nine states, including New Delhi, Sikkim, Punjab, Tamil Nadu, and Goa by the…

A PPP framework planned to ease entry private players in sector. The Secretary of agriculture called for synergy between public and private players. According to a senior government source develop a formal, complete framework for public private partnership (PPP). In sector emphasis securing additional investments and expertise private companies in agriculture sector. Agriculture Secretary Manoj Sinha said function on subject organized by industry group FICCI, work on framework currently ongoing and private actors are urged to submit their thoughts. In order to scale up central initiatives like the drive to cut losses in the value chain for agricultural commodities. Sinha said,…