Facebook is asking you to act now and save the "free" Internet; but so are activists!

December 17, 2015

Dec 17: Many of us woke up today to notifications on our Facebook timeline where our friends showed their support for the free internet. In India, free means a lot.

fbSo if Facebook and activists both expect you to act to save the free Internet, who do you trust? Although the world also has two distinct meanings for the word free, in India both meanings matter a lot. In 1947, we got to know one side of the word free! Free as in freedom. The open source movement thrives on this idea of freedom, which emphasises on the liberty to make a choice. Even if it may be convoluted, or take an extra while to accomplish a simple task; it is, nonetheless, a privilege to be able to decide for oneself.

On a similar front, free has another meaning. Where free comes with no charge. It"s the best thing to happen during the year end. Obviously nothing is every given for free! It"s usually a bundle. For instance, you buy a shirt and get another free. What it usually comes down to is you get 2 shirts for the price of one. Or one shirt at half the price. In effect, you paid for one shirt, but end up getting two.

Clearly free is the most exciting word we can hear of. It excites us, and we look forward to free around any deal we may get.

So essentially, what is it with Faceb

ook that it has managed to put off so many people and get them to vociferously oppose its Free Basic package.

It"s interesting how the debate to net neutrality began with activists setting up a website (savetheinternet.in). And now Facebook is taking the same route, but countering the Net Neutrality camp by influencing its user base to send emails to Trai that renders their support for Free Basics in India.

The user clicking on the Send Email button is showing support for Digital Equality, which is a good term for free as in free of charge. But that free, hinders the basic aspect of freedom, of choice, that many more want to defend with all might!

The email that is drafted by Facebook on your behalf reads:

To the Telecom Regulatory Authority of India, I support digital equality for India. Free Basics provides free access to essential Internet services, such as communication, education, healthcare, employment, farming information and more. It helps those who can"t afford to pay for data, or who need a little help with getting started online. And it"s open to all people, developers and mobile networks. With 1 billion Indian people not yet connected, shutting down Free Basics would hurt our country"s most vulnerable people. I support Free Basics and digital equality for India. Thank you.

Over the series of meetings that Mark Zuckerberg has had with the Indian Prime Minister Narendra Modi, and his subsequent interest in India, there has been some key messages that have stood out. And that is the need to get more Indians on the Internet. In reality, Facebook. We"ve seen Sundar Pichai also take an active interest to push for Wi-Fi, which is good. But we believe, there"s much more that needs to be done!

You"d probably agree, there"s a strong business case to focus on India. Over the years, our sheer population has moved from being a liability to being our greatest asset. For we"ve created a huge internet hungry audience. The best thing for companies such as Google and Facebook.

However, there"s a key difference in the approach taken by Google and Facebook. While Google is enabling free internet through Wi-Fi networks, Facebook is riding on a fine line, between what is noble and what isn"t. Free internet would eventually come at a price. And that price is freedom itself. Strong activists who have been fighting for net neutrality, or the objective independence of data packets we access online have vehemently opposed Facebook"s Free Basics plan. Some of these individuals include Sir Tim Berners-Lee, the creator of the modern web.

In addition, Google is also working towards speeding up the mobile internet experience by delivering lighter, leaner web pages, which is quite similar to Opera Turbo that enabled closer delivery of web content, through more optimised and compressed data packets.

Update: In response to this story, Facebook has issued an official statement, attributed to its spokesperson: “Hundreds of millions of people in India use the Internet every day and understand the benefits it can bring. This campaign gives people the opportunity to support digital equality in India. It lets people speak in support of the one billion people in India who remain unconnected, and lets them participate in the public debate that is being held by The Telecom Regulatory Authority of India on differential pricing for data services. And it gives them the opportunity to support Free Basics, which is proven to bring more people online and accelerate full internet adoption.”

Effectively, you are expected to take a stand. Which side of free are you on? If you"re undecided, then the basic rule may help – there"s nothing like a free beer!

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Agencies
January 26,2020

New Delhi, Jan 26: Google on Sunday marked India's 71st Republic Day by dedicating a doodle illustrating the country's rich cultural heritage that permeates and unites the diverse nation.

From its world-famous landmarks like the Taj Mahal and India Gate, to the wide array of fauna such as its national bird (the Indian peafowl), to classical arts, textiles, and dances, the doodle, designed by Singapore-based artist Meroo Seth, brings together the rich cultural heritage of the country.

Republic Day marks the completion of India's transition towards becoming an independent republic after its constitution came into effect. The governing document had taken nearly three years of careful deliberation to finalise, and its eventual enactment was joyfully celebrated across the country.

While the Constitution was adopted by the Indian Constituent Assembly on 26 November 1949, it came into effect on January 26 -- a day when Declaration of Indian Independence (Purna Swaraj) was proclaimed by the Indian National Congress back in 1929, as opposed to the Dominion status offered by the British Regime.

Festivities embody the essence of diversity found in one of the world's most populous nations, celebrated over a three-day period with cultural events displaying national pride.

Last year's doodle on Republic Day, designed by artist Reshidev RK, had featured Rashtrapati Bhavan in the background along with a display of the country's iconic monuments and heritage.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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Agencies
March 8,2020

New Delhi, Mar 8: In order to spread awareness, a special COVID-19 mobile phone caller tune was launched by all telecom operators with basic infection prevention messages played when a caller dials-out, Ministry of Health and Family Welfare said on Saturday.

"In order to spread awareness about COVID-19, a special COVID-19 mobile phone caller tune was launched by all telecom operators. Over 117.2 crore subscribers of BSNL, MTNL Reliance Jio, Airtel and Vodafone-Idea are being progressively reached out to through SMSs and Call Backs," Ministry of Health and Family Welfare said in a press statement.

"As many as 52 laboratories are now operational across the country for testing the COVID-19 virus. An additional 57 laboratories have been provided with Viral Transport Media and swabs for sample collection," the statement added.

India has 39 confirmed cases of deadly coronavirus so far. The disease has caused deaths of 3200 people globally. 

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