Australia bans social media for those under 16
Business Standard|November 29, 2024
The first-of-its-kind law is expected to take effect from November 2025
Australia bans social media for those under 16

Australia approved on Thursday a social media ban for children aged under 16 after an emotive debate that has gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech.

The law forces tech giants from Instagram and Facebook owner Meta to TikTok to stop minors logging in or face fines of up to A$49.5 million ($32 million). A trial of methods to enforce it will start in January with the ban to take effect in a year.

The Social Media Minimum Age bill sets Australia up as a test case for a growing number of governments which have legislated or said they plan to legislate an age restriction on social media amid concern about its mental health impact on young people.

Bu hikaye Business Standard dergisinin November 29, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Standard dergisinin November 29, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Centre readies plan to sell up to 20% in 5 PSBs
Business Standard

Centre readies plan to sell up to 20% in 5 PSBs

Govt may consider both OFS and QIP routes for diluting its stake

time-read
2 dak  |
February 26, 2025
RBI Frees Up Bank Capital With NBFC Risk Weight Rollback
Business Standard

RBI Frees Up Bank Capital With NBFC Risk Weight Rollback

With bank loan growth slowing over the past year, the Reserve Bank of India (RBI) has decided to reverse its decision to increase the risk weight of bank loans to non-banking financial companies (NBFCs), which will result in a substantial release of capital for banks.

time-read
2 dak  |
February 26, 2025
Delhi lost ₹2K cr due to liquor policy: CAG
Business Standard

Delhi lost ₹2K cr due to liquor policy: CAG

A Comptroller and Auditor General (CAG) report, tabled in the Delhi Assembly on Tuesday, has faulted the excise policy introduced by the previous Aam Aadmi Party (AAP) government in 2021 to have caused cumulative losses worth over ₹2,000 crore to the Delhi government.

time-read
1 min  |
February 26, 2025
Capex slows in FY25 but key infra, power players set to benefit
Business Standard

Capex slows in FY25 but key infra, power players set to benefit

Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25.

time-read
3 dak  |
February 26, 2025
Business Standard

Nifty nears 2nd-worst losing streak in 30 yrs

Amid the fall, one in every five Nifty stock is more than 28% down over the past five months

time-read
2 dak  |
February 26, 2025
Business Standard

Ericsson to help Airtel shift to 5G standalone

Ericsson will be supplying key 5G equipment to telecom operator Bharti Airtel for seamless transition to a commercially live, full-scale 5G Standalone (SA) network over time, the Swedish telecom gear maker said on Tuesday.

time-read
1 min  |
February 26, 2025
Business Standard

Road to Decentralisation

Rural local bodies need to be strengthened

time-read
2 dak  |
February 26, 2025
Business Standard

Bitcoin slides below $90K as crypto selloff gathers steam

The Fall

time-read
1 min  |
February 26, 2025
Business Standard

Sebi slaps ₹5 cr fine on ICCL for audit, cybersecurity lapses

The Securities and Exchange Board of India (Sebi) on Tuesday imposed a ₹5.05 crore penalty on Indian Clearing Corporation Ltd (ICCL), a wholly owned BSE subsidiary, for failing to comply with cybersecurity and system audit norms.

time-read
1 min  |
February 26, 2025
Business Standard

Microfinance loan book shrinks 3.5% to ₹3.85 trillion in Dec qtr

The gross loan portfolio in the microfinance segment shrunk by 3.5 percent year-on-year (Y-o-Y) to ₹3.85 trillion during the third quarter of financial year 2025 (Q3FY25) as the period was marked by curtailed funding and strict credit underwriting.

time-read
1 min  |
February 26, 2025