News



Facts

Top 20 News

  1. Snapchat CEO Evan Spiegel’s comment on ‘Poor India’.
  2. He Won't Take A Salary While President, says Donald Trump
  3. In ease of doing business index India ranks 130th
  4. At BRICS Meet In Goa, Pak Factor For India And China - 10 Points
  5. SAARC summit - Pakistan isolated Afghanistan, Bangladesh, Bhutan join India in boycott
  6. Rio Olympics 2016 Bryony wins trampoline silver Medal for Great Britain
  7. Rio Olympics 2016 Jazz Carlin is beaten by Katie Ledecky in 800m freestyle
  8. After South China Sea ruling Obama aide visits China
  9. Beijing will be the winner, If China defies tribunal without tangible loss
  10. Top 10 Beautiful women of the world 2016
  11. US President Barack Obama meets Dalai Lama at White House
  12. Queen Meets New Royal Baby,UK Prince Registers Birth
  13. Earthquake Struck Off In Papua New Guinea With 7.4 Magnitude
  14. French President Francois Hollande Arrived In Qatar
  15. Clashes Erupt At Anti Capitalist May Day March In Seattle
  16. Baltimore Police Enforced A Curfew For A Third Night
  17. NASAs Messenger Mission Is Set To Crash Into Mercury
  18. Indonesia Executes 8 Convicts, Filipina Spared
  19. Lakhvis Release From Prison Has Been Challenged In Pakistans Supreme Court
  20. Seven Children Of A Family Died

Quotes


 

Latest News

Snapchat CEO Evan Spiegel’s comment on ‘Poor India’.

Posted Date :   18 April 2017 01:52:23 PM  

Snapchat is in the news in India for all the wrong reasons. #UninstallSnapchat is trending big and apparently Google Play Store ratings for the app have fallen. To use a 9gag meme phrase: India is triggered. The reason: Snapchat CEO Evan Spiegel is alleged to have said the following statement in 2015: “This app is only for rich people… I don’t want to expand into poor countries like India and Spain.” As of now, it is hard to confirm whether Spain is triggered too, about being clubbed as a ‘poor country.’
 
For Snapchat, the report doesn’t come at a good time. The company just went public with its IPO and raised over $3.4 billion, but the competition is winning. Instagram Stories now has 200 million daily active users, much more than the 158 million DAUs on Snapchat. Plus it doesn’t help that reports over the last few months have indicated that Snapchat Stories have seen a fall in views for the big creators.
So what exactly is the latest controversy about? We answer all your questions.
 
What exactly did Spiegel say? Some context please.
Snapchat CEO Evan Spiegel is alleged to have made this statement in 2015, according to a report in Variety. The crux of the statement is this: Snapchat isn’t an app for poor countries, where people might be on lower end phones, might not have high-end connectivity all at times. Also Spiegel supposedly cites India and Spain as examples.
 
The context for this: A lawsuit filed by a former Snapchat employee called Anthony Pompliano. Note Pompliano was hired by Snapchat from Facebook, and even suggested ways to fix the problem of the app not doing well abroad.
 
But Spiegel wasn’t interested, according to the report on Variety. While the ‘India is poor’ comment might be sparking off some outrage, the real issue at hand is the ‘number fudging,’ the context within which this remark was made.
Snapchat, Evan Spiegel, Snapchat CEO, Snapchat rating, Snapchat CEO India negative comment, Snapchat Poor India comment, Snapchat CEO Variety, Snapchat case, Snapchat backlash India, Uninstall Snapchat, #BoycottSnapchat, apps, technology, technology news According to Pompliano’s lawsuit, Snapchat claimed it had 100 million users, which was higher than the 97 million counted by Flurry.
 
According to Pompliano’s lawsuit, Snapchat claimed it had 100 million users, which was higher than the 97 million counted by Flurry. Also according to the lawsuit, Snapchat was growing much more slowly, in single digits and under 5 per cent, rather than the double digit growth it was claiming.
What is Snapchat’s response? Did Spiegel really make this comment?
 
Snapchat has replied to the lawsuit and denied all charges. Snapchat’s attorneys are quoted as saying, “The simple fact is that he (Mr Pompliano) knows nothing about Snap’s current metric.” Either way, it is hard to confirm if Spiegel actually made this statement.
 
Snapchat is known for being secretive about its products and very rarely gives insights on numbers. Spiegel exercises a stringent control on the company and its core product. In fact, even after the IPO both co-founders Spiegel and Bobby Murphy still have majority control over the company.
 
Snapchat, Evan Spiegel, Snapchat CEO, Snapchat rating, Snapchat CEO India negative comment, Snapchat Poor India comment, Snapchat CEO Variety, Snapchat case, Snapchat backlash India, Uninstall Snapchat, #BoycottSnapchat, apps, technology, technology news The lawsuit by Pomplaino alleges Snap Inc, the parent company of Snapchat lied to advertisers about its numbers, and didn’t have the kind of growth it claimed.  
 
So what’s the lawsuit about?
 
The lawsuit by Pomplaino alleges Snap Inc, the parent company of Snapchat lied to advertisers about its numbers, and didn’t have the kind of growth it claimed. His charge is serious since it is alleging that Snap Inc bloated numbers, which investors and advertisers will be forced to consider.
 
Snap Inc is fighting this, and has now published some new documents in this case, and according to a report in Fortune, the ‘company says it has nothing to hide.’ Though it did try and keep these documents sealed for sometime, but appears to have given up now.
 
Snap Inc also alleges Pompliano is a disgruntled ex-employee, who was fired in three weeks. It also wants to move the matter into arbitration, which would mean alternate dispute redressal. For Snap Inc, the lawsuit will mean greater investor scrutiny.
Snapchat, Evan Spiegel, Snapchat CEO, Snapchat rating, Snapchat CEO India negative comment, Snapchat Poor India comment, Snapchat CEO Variety, Snapchat case, Snapchat backlash India, Uninstall Snapchat, #BoycottSnapchat, apps, technology, technology news Snap Inc also alleges Pompliano is a disgruntled ex-employee, who was fired in three weeks.
 
Like we have said, there’s no way of proving Spiegel actually made the statement. But if you look at Snap Inc’s SEC filing, then it is clear the app doesn’t do well on Android phones and in countries where internet connectivity is poor.
 
In the “Risks Factors” section of Snap Inc’s SEC filing, here’s what it says about poor internet connections.
 
“In addition, because our products typically require high bandwidth data capabilities, the majority of our users live in countries with high-end mobile device penetration and high bandwidth capacity cellular networks with large coverage areas. We therefore do not expect to experience rapid user growth or engagement in countries with low smartphone penetration even if such countries have well-established and high bandwidth capacity cellular networks. We may also not experience rapid user growth or engagement in countries where, even though smartphone penetration is high, due to the lack of sufficient cellular based data networks, consumers rely heavily on Wi-Fi and may not access our products regularly.”
 
If you look at their statement, India typically is not a market where they will do well. Sure all of a sudden 4G is popular thanks to Reliance Jio, but our internet connectivity is far from excellent.
 
Also many users in India are first time smartphone users, on low-end Android phones, and prefer to conserve data. This also explains why people love WhatsApp or Facebook, which have made sure their apps work well in the country, even with 2G connectivity.
 
For its part, Snapchat does require a constant and heavy duty internet connection, since the app is so geared around uploading and consuming video content. It has no ‘data saver’ mode as such, though there is a ‘Travel mode’ which you can use to ensure video is loaded only when you tap on the Story.
The other problem for Snapchat: Android has never been their priority and that’s what a majority of people in India use, in fact most of the developing countries, Android reigns supreme.
Again the SEC statement reads, “To continue growth in user engagement, we will need to prioritize development of our products to operate on smartphones with Android operating systems. If we are unable to improve operability of our products on smartphones with Android operating systems, and those smartphones become more popular and fewer people use smartphones with iOS operating systems, our business could be seriously harmed.” In Snapchat’s own words, their success right now is dependent on iOS being popular.
 
Snapchat, Evan Spiegel, Snapchat CEO, Snapchat rating, Snapchat CEO India negative comment, Snapchat Poor India comment, Snapchat CEO Variety, Snapchat case, Snapchat backlash India, Uninstall Snapchat, #BoycottSnapchat, apps, technology, technology news Snapchat does require a constant and heavy duty internet connection, since the app is so geared around uploading and consuming video content. 
 
Snapchat might not have the numbers like Instagram or Facebook or even WhatsApp. But it has managed to find popularity with young users, who are sharing more and more on the platform. That’s clearly got Facebook scared, which did try and buy out the app in the past. Spiegel refused Zuckerberg’s offer of $3 billion.
 
Filters, Stories, Vertical videos, articles that load instantly, Spectacles that have gotten popular: Snapchat has made a lot of formats mainstream, and that’s why the competition is trying so hard to kill it.
 
Of course, Snapchat is facing competition from Instagram, and it doesn’t help the app has a complicated UI, which most adults can’t comprehend. While #UnInstallSnapchat might trend for now, the app certainly isn’t going to die out anytime soon. 
 
source - indianexpress
 

He Won't Take A Salary While President, says Donald Trump

Posted Date :   25 November 2016 12:13:53 PM  

Donald Trump told CBS News, during his first television interview as president-elect Leslie Stahl Sunday night that he would forgo taking a salary while he’s president. He added that he did not even know how much the president earned. 
 
“I think I have to by law take $1, so I’ll take $1 a year,” Trump said. “But it’s a ― I don’t even know what it is. Do you know what the salary is?”
 
$400,000 you’re giving up,” Stahl answered.
 
“No, I’m not gonna take the salary. I’m not taking it.”
 
The president-elect first said he would not take a salary on the campaign trail in September 2015, before reminding the crowd gathered that forgoing the pay “was not a big deal” for him.
 
Trump will become the third U.S. president in history to not take a salary, according to Snopes.com. Herbert Hoover and John F. Kennedy both donated their salaries to charity.
 
Trump told his supporters During the wide-ranging “60 Minutes” interviewaccused of perpetrating racist and bigoted attacks after the election to “stop it,” and also said women might have to travel to different states for abortions if the pro-life Supreme Court judges he appoints overturn Roe v. Wade. He also said he plans to deport or imprison 2 to 3 million undocumented immigrants living in America.

In ease of doing business index India ranks 130th

Posted Date :   26 October 2016 12:06:32 PM  

India continues to rank low at 130th position in terms of ease of doing business, with the country seeing little or no improvement in dealing with construction permits, getting credit and other parameters.
 
In the World Bank's latest 'Doing Business' report, India's place remained unchanged from last year's original ranking of 130 among the 190 economies that were assessed on various parameters. However, the last year's ranking has been now revised to 131 from which the country has improved its place by one spot.
 
The government has been making efforts to further improve the ease of doing business and aims to bring the country in the top 50.
 
Expressing disappointment over no change in India's ranking in the World Bank's index on ease of doing business, Indian government regretted that the report did not take into consideration 12 key reforms undertaken by the government.
When it comes to 'distance to frontier' -- a measurement of the gap between an economy's performance and the best practice score of 100 -- India's score has improved to 55.27 this year from 53.93 last year.
 
India is the only country for which the report has a box dedicated to its ongoing economic reforms.
 
The list of countries in the Doing Business 2017 is topped by New Zealand while Singapore is ranked second. It is followed by Denmark, Hong Kong, South Korea, Norway, the UK, the US, Sweden and former Yugoslav Republic of Macedonia.
 
Neighbouring Pakistan is ranked 144th in the list.
 
On the basis of reforms undertaken, the top 10 improvers are Brunei Darussalam, Kazakhstan, Kenya, Belarus, Indonesia, Serbia, Georgia, Pakistan, United Arab Emirates and Bahrain.
A record 137 economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses, the report said.
 
Developing countries carried out more than 75 per cent of the 283 reforms in the past year, with Sub-Saharan Africa accounting for over one-quarter of all reforms, it added.
"What we have seen is a remarkable effort on the part of the government to implement business reforms. It looks like we are going to have to wait for another year or so. But the direction of change is fundamentally a very significant one," Global Indicators Group Director Augusto Lopez-Claros told PTI in an interview.
 
The rankings are based on ten parameters -- starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
 
India has improved its ranking with respect to various areas. In terms of getting electricity, the country's position has jumped to 26th spot from 51st place last year.
 
When it comes to trading across borders, the ranking has moved up one place to 143, and in enforcing contracts the rise is of six spots to 172nd position.
 
However, with respect to starting a business, the ranking has slipped four places to 155th spot and in the case of dealing with construction permits by one rank to 185th.
 
As per the report, India's ranking in terms of protecting minority investors dropped to 13th place from 10th position last year.
 
With regard to getting credit, the ranking has fallen by two places to 44.
 
Explaining as to why India's reform efforts is not being reflected in the ease of doing business report, Lopez-Claros said it very often takes some time for the reforms implemented by governments about the regulatory environment to be felt on the ground by the business community.
 
Rita Ramalho, Manager of the Doing Business project said that there were in fact improvements this year.
 
Ramalho told PTI, "There are four areas of improvement this year in India getting electricity, trading across border, enforcing contracts and paying taxes." 
 
India's ranking is based on the study of the system in the two cities of Mumbai and New Delhi.
 
"The reason why there is no real movement in the ranking is more to do with the fact that other countries are also moving. In absolute terms India, does improve significantly.
 
There aren't many countries that improved more than India in terms of absolute number," Ramalho said.
 
The 'Doing Business' project provides objective measures of business regulations for local firms in economies and selected cities at the sub-national level.
 
Lopez-Claros said, "The World Bank is emphasising that countries pay attention to what it calls "distance to frontier" which is an absolute metric."
 
He noted, "There has been actually substantial increase in the last 12 months in India by couple of percentage points, which is quite large." 
 
source - businesstoday

At BRICS Meet In Goa, Pak Factor For India And China - 10 Points

Posted Date :   14 October 2016 01:03:18 PM  

Here is your 10 - points guide to summit which will be chaired by PM Narendre Modi:
 
1. The gathering of leaders from Brazil, Russia, India, China and South Africa (BRICS) gives PM Modi an opportunity to highlight the threat from Pakistani terrorists, who, last month, attacked an army camp in Uri in Kashmir.  19 soldiers were killed.
 
2. Before conducting surgical strikes across the Line of Control on September 29, Delhi mounted a diplomatic offensive to isolate Islamabad.
 
3. The final summit declaration is expected to highlight "isolating countries that provide shelter to terror groups and help in arming these groups."
 
4. However, Chinese President Xi Jinping is unlikely to have much interest in casting Beijing's alliance with Pakistan into doubt.
 
5. But what does concern China is how the terrorism within Pakistan  threatens its plans to build a $46 billion trade corridor that runs through Pakistan to the Arabian Sea. "Contrary to the public messaging in Islamabad, China is not the perpetual jolly partner when it comes to its relations with Pakistan," said Michael Kugelman, a senior program associate at the Wilson Center in Washington who focuses on South Asia.
 
6. After the Uri attack, India quickly won expressions of support from the West and from Russia, whose President Vladimir Putin will also hold a bilateral summit with PM Modi in Goa. China, for its part, has shown public restraint.
 
7. The  Goa gathering of BRICS will also feature an outreach session to countries from the Bay of Bengal region that could emerge as an alternative focus of regional cooperation.
 
8. China has also yet to yield on blocking India's long-held ambition of joining the Nuclear Suppliers Group, a club of nuclear-trading nations, and experts say Delhi is unlikely to make much progress in Goa on managing a breakthrough.
 
9. Adding to the tension with Delhi, China has rebuffed India's calls for the United Nations to designate Masood Azhar, leader of the terror group Jaish-e-Mohammed group, as a terrorist. China recently extended a so-called "technical hold" on the designation by a further three months.
 
10. BRICS was formed in 2011 with the aim of using its growing economic and political influence to challenge Western hegemony. The nations, with a joint estimated GDP of $16 trillion, set up their own bank in parallel to the Washington-based International Monetary Fund and World Bank and hold summits rivalling the G7 forum.

SAARC summit - Pakistan isolated Afghanistan, Bangladesh, Bhutan join India in boycott

Posted Date :   28 September 2016 02:45:52 PM  

Bangladesh, Bhutan, and now Afghanistan. The Indian campaign to isolate Pakistan in the aftermath of Uri attack has worked with the three countries today confirming that they will not participate in the annual SAARC summit which is scheduled in November this year in Islamabad.
 
"Due to increased level of violence and fighting as a result of imposed terrorism on Afghanistan, the President of Afghanistan with his responsibilities as Commander-in-Chief will be engaged, and will not be able to attend the SAARC summit," the Afghan government said in its letter to Nepal, which is the current SAARC chair.
 
India on Tuesday announced it will not attend the SAARC summit in Islamabad in November, saying that regional cooperation and terror can't go together. Pakistan has termed the boycott as "unfortunate".
 
According to diplomatic sources, in official communication sent to SAARC chair Nepal on Tuesday, the Bangladesh government said, "The growing interference in the internal affairs of Bangladesh by one country has created an environment which is not conducive to the successful hosting of the 19th SAARC Summit in Islamabad in November 2016."
 
"Bangladesh, as the initiator of the SAARC process, remains steadfast in its commitment to regional cooperation, connectivity and contacts but believes that these can only go forward in a more congenial atmosphere. In view of the above, Bangladesh is unable to participate in the proposed Summit in Islamabad," the statement further said.
 
The Bhutan government in its statement said, "While reaffirming Bhutan's strong commitment to the SAARC process and strengthening of regional cooperation, it notes the concern of the Royal Government of Bhutan on the recent escalation of terrorism in the region, which has seriously compromised the environment for the successful holding of the 19th SAARC Summit in Islamabad in November 2016.
 
"Further, the Royal Government of Bhutan shares the concerns of some of the member countries of SAARC on the deterioration of regional peace and security due to terrorism and joins them in conveying our inability to participate in the SAARC summit, under the current circumstances," it said.
 
A SAARC summit can take place only when leaders of all member countries are present. 
 
India, the largest member of the eight-nation South Asian Association for Regional Cooperation (SAARC), announced its decision to pull out hours after Pakistan High Commissioner Abdul Basit was summoned to South Block and handed over Pakistan's "proof of cross-border origin" of the September 18 Uri terror attack.
 
India has been increasing its diplomatic offensive against Pakistan over the past few days for its open backing of the Kashmir unrest and specially after the terror attack on an army camp in Uri on September 18 that left 18 soldiers dead.