Facebook Focus on India, Others In "Big Year Of Elections": Mark Zuckerberg

Agencies
April 5, 2018

Facebook has deployed technology tools like artificial intelligence and thousands of people to work on security as the company's "major focus" this year is to protect the integrity of upcoming elections in several countries, including India, on its platform, its founder and CEO Mark Zuckerberg has said.

Terming 2018 a "big year" for elections, Mark Zuckerberg said Facebook was enhancing its security features to prevent trolls from spreading information.

The social media giant has been slammed over a major data breach scandal by Cambridge Analytica, a British firm linked to Donald Trump's presidential campaign.

"In the US Senate Alabama special election last year, we successfully deployed some new artificial intelligence (AI) tools that removed Macedonian trolls who were trying to spread information during the election. We now have about 15,000 people working on security and content review and we'll have more than 20,000 by the end of this year," Mark Zuckerberg told reporters during a conference call on Tuesday.

"This is going to be a big year for elections ahead with the US midterms and elections in India, Brazil, Mexico, Pakistan, Hungary and others. This is going to be a major focus for us," he said.

Several states like Karnataka, Madhya Pradesh, Rajasthan and Chhattisgarh are scheduled to go for polls this year and the general elections are due in a little over a year from now.

A day earlier, Mark Zuckerberg said Facebook had taken big steps by taking down Russia's Internet Research Agency (IRA) pages that were targeting the US.

"Since we became aware of their activity after the 2016 US elections, we've been working to root out the IRA and protect the integrity of elections around the world," he said.

"There have been a number of important elections that we've focused on. A few months after the 2016 elections, there was a French presidential election and leading up to that we deployed some new AI tools that took down more than 30,000 fake accounts," he said.

In German election, the company developed a new playbook for working with the local election commission on share information on threats it received, he said.

"We have more work to do here and we're going to continue working very hard to defend against them. There's the Mexican presidential election, there are big elections in India and Brazil as well as in Pakistan and Hungary and a number of other countries and the US midterms, of course," he said.

The Facebook CEO pointed out three different types of activity that required different strategies for fighting.

Economic actors, who are basically spammers; the second are governments trying to interfere in elections, and then the third is just polarisation and sometimes lack of truthfulness in what you've described as the media, he said.

"If we just make it so that the economics stop working for them then they'll move on to something else. I mean, these are literally the same type of people who had been sending you Viagra e-mails in the '90s. We can attack it on both sides. on the revenue side, we make it so that they can't run the Facebook ad network," he said.

The second category are the national security type issues, Mark Zuckerberg said, adding that is the Russian election interference.

"In order to solve that, what we need to do is to identify these bad actors...What we need to do is to just track that really carefully in order to just be able to remove it from Facebook entirely," he said.

Mark Zuckerberg alleged that some media organisations that are sanctioned news outlets in Russia when investigated closely over time, clearly come out as organisations completely owned, controlled and operated by the IRA.

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News Network
January 20,2020

Langkawi, Jan 20: Malaysia will not take retaliatory trade action against India over its boycott of palm oil purchases amid a political row between the two countries, Prime Minister Mahathir Mohamad said on Monday.

India, the world’s largest edible oil buyer, this month effectively halted imports from its largest supplier and the world’s second-biggest producer in response to comments from Mahathir attacking India’s domestic policies.

“We are too small to take retaliatory action,” Mahathir told reporters in Langkawi, a resort island off the western coast of Malaysia. “We have to find ways and means to overcome that,” he added.

The 94-year-old premier of Muslim-majority Malaysia has criticised New Delhi’s new religion-based citizenship law and also accused India of invading the disputed region of Kashmir.

Mahathir again criticised India’s citizenship law on Monday, saying he believed it was “grossly unfair”.

India has been Malaysia’s largest palm oil market for the past five years, presenting the Southeast Asian country with a major challenge in finding new buyers for its palm oil.

Benchmark Malaysian palm futures fell nearly 10% last week, their biggest weekly decline in more than 11 years.

New Delhi is also unhappy with Malaysia’s refusal to revoke permanent resident status for controversial Indian Islamic preacher Zakir Naik, who has lived in Malaysia for about three years and faces charges of money laundering and hate speech in India.

Mahathir said even if the Indian government guarantees a fair trial, Naik faces the real threat of vigilante action and that Malaysia will only relocate the preacher if it can find a third country where he would be safe.

“If we can find a place for him, we will send him out.”

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
February 21,2020

Thiruvananthapuram, Feb 21: Hindu temples, dedicated to Lord Shiva, witnessed heavy rush on Friday as devotees celebrated Maha Shivratri festival with traditional zeal and religious fervour across Kerala.

Cutting across age barriers, devotees, including women and children, thronged small and big shrines since early morning to offer prayers and take part in special poojas and rituals on the occasion.

Devotees used to mark the auspicious occasion by observing 'orikkal' (fasting), dedicating the leaves of Koovalam plant, which is considered holy according to Hindu tradition, to the Lord and by abandoning their sleep chanting 'Om Nama Shivaya' mantras.

Ardent devotees even remain awake throughout the night and spend their whole day in temples.

The Sreekandeswaram Mahadeva Temple here, Vadakkunnathan temple in Thrissur and Maha Deva temple in Vaikom were among the major shrines which witnessed heavy rush since early morning.

Temple authorities, especially Devaswom Boards which manage many major shrines in the state, have made elaborate arrangements in Shiva temples to ensure smooth darshan for devotees.

All arrangements have been put in place on the banks of River Periyar in Aluva in Ernakulam for 'Balitharppanam', a ritual in which people pay obeisance to their ancestors.

Performing the ritual on the midnight of Shivratri is considered auspicious by devotees.

Hundreds of 'bali taras' (specially erected platforms) have been set up on the banks of the river to perform the ritual and a large number of priests have been deployed to assist devotees.

Thousands of police personnel were deployed in view of the large turnout of devotees.

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