Departing Facebook communications chief takes blame for hiring controversial PR firm

Agencies
November 22, 2018

San Francisco, Nov 22: The outgoing head of Facebook's communications team on Wednesday took responsibility for the controversial hiring of a conservative consulting firm accused of using “black ops” style techniques, acknowledging critics including investor George Soros were targeted.

The announcement by Elliot Schrage, who said in June he was stepping down, came after Facebook's chief operating officer Sheryl Sandberg has pledged a “thorough” review of its use of Definers to deflect criticism from the social networking giant.

She and Facebook chief executive Mark Zuckerberg maintain they were surprised by a New York Times story last week that said the social network was using Definers to link social network critics to liberal financier Soros.

The Hungarian-born U.S. financier and philanthropist is a favorite target of nationalists and anti-Semitic conspiracy theorists.

Schrage taking the hit for the controversy was seen by some as convenient, since he has previously said he was leaving the social network after working there for more than a decade to start a new chapter in his life.

Definers was hired in 2017 as part of an effort to diversify its advisors in Washington, in the face of growing pressure by competitors and media companies for Facebook to be regulated by the government, Schrage said in a message to co-workers posted online.

But its role grew to include looking into Facebook competitors and doing research on Soros funded campaigns.

“Responsibility for these decisions rests with leadership of the Communications team,” Schrage said. “That's me.”

“I want to be clear that I oversee our Comms team and take full responsibility for their work and the PR firms who work with us,” Sandberg said in comment shared along with Schrage's message.

Sandberg, who had previously stated that she had no recollection of working with Definers, also revealed that a check of what had crossed her desk showed that Definers was mentioned in some material and in a “small number” of emails she received.

Soros research

Definers began looking into Soros after the philanthropist labelled Facebook a “menace to society” in a speech at Davos early this year, according to Schrage.

“We had not heard such criticism from him before and wanted to determine if he had any financial motivation,” Schrage said. “Definers researched this using public information.”

When a “Freedom from Facebook” campaign later began portrayed as a grassroots coalition, Definers determined that Soros was funding some coalition members and shared what they learned with the press, according to Schrage.

He contended that as pressure intensified on Facebook through this year, the communications team increasingly used Definers and the relationship was “less centrally managed.”

But Schrage joined Zuckerberg and Sandberg in stressing that Definers was not hired to create or spread false stories to help Facebook. Zuckerberg said Facebook stopped using Definers the day the New York Times story was published.

Zuckerberg stands firm

The post came a day after Zuckerberg said he has no plans to resign, sounding defiant after a rough year for the social platform.

“That's not the plan,” Zuckerberg told CNN Business when asked if he would consider stepping down as chairman.

He also defended Sandberg, who has drawn criticism over her handling of the social media giant's recent crises.

“Sheryl is a really important part of this company and is leading a lot of the efforts for a lot of the biggest issues we have,” said Zuckerberg.

Facebook has stumbled from one mess to another this year as it grappled with continuing fallout from Russia's use of the platform to interfere in the 2016 US presidential election, the Cambridge Analytica scandal in which user data was harnessed in a bid to help candidate Donald Trump, and a huge security breach involving millions of accounts.

Most recently, an investigative piece published last week by The New York Times said Facebook misled the public about what it knew about Russia's election meddling and used a PR firm to spread negative stories about other Silicon Valley companies and thus deflect anger away from itself.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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Agencies
February 26,2020

New Delhi, Feb 26: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.

According to highly placed sources, the Group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and the discussions are still in the preliminary stage.

If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals. 

It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru in 2019. 

On being contacted by IANS, the company did not comment on the matter.

Air India is one of the most important divestment proposals for the current fiscal to reach the huge Rs 2.1 lakh crore target.

The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.

After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, it had offered to sell its 76 per cent stake in the airline.

Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286 crore.

Air India, along with its subsidiary Air India Express, has a total operational fleet of 146 aeroplanes.

Further, the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.

The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.

Any delay in the tentatively rolled out timeline would also delay DIPAM's plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than two months after the selection of the pre-qualified bidders to complete Air India's sale.

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Agencies
June 12,2020

New Delhi, Jun 12: The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks.

A bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul and M.R. Shah queried Mehta as the court was concerned since the Centre has deferred loan for three months.

"Then how can interest of these 3 months be added?" the apex bench asked. Mehta replied: "I need to sit down with the RBI officials and have a meeting."

SBI's counsel, senior advocate Mukul Rohatgi, intervened during the proceedings and said "all banks are of the view that interest cannot be waived for a six month EMI moratorium period".

"We need to discuss it with the RBI," insisted Rohatgi.

Justice Bhushan then asked Mehta to convene a meeting of the RBI and Finance Ministry officials over the weekend, and listed the matter for further hearing on June 17.

The top court, during the hearing, indicated that it was not considering a complete waiver of interest but was only concerned that postponement of interest shouldn't accrue further interest on it.

After the RBI said the waiver of interest charges on EMIs during moratorium will lead to loss of 1 per cent of the nation's GDP, the top court had earlier asked the Finance Ministry to reply, whether the interest could be waived or it would continue during the moratorium period.

The top court said these are not normal times, and it is a serious issue, as on one hand moratorium is granted and then, the interest is charged on loans during this period.

"There are two issues in this (matter). No interest during the moratorium period and no interest on interest," said Justice Bhushan. The observation from the bench came on a petition by Gajendra Sharma, in which he sought a direction to declare portion of the RBI's March 27 notification as ultra vires to the extent it charged interest on the loan amount during the moratorium period.

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