Leisure, Lifestyle & Wellness
Smartphone addiction cause digital amnesia: Survey
Excess use of smartphones and internet can kill your memory, leading to so-called "digital amnesia," says a new survey.
 
According to the survey conducted by global software security group Kaspersky Lab, most of us nowadays do not think about recalling information using our memory and resort to search engines looking for quick answers.
 
Many users in the survey of 1,000 people were so dependent on their devices that they were worried at the thought of losing them, WTNH Connecticut News reported.
 
Nearly 91 percent of the people said they use internet as an online extension of their brain. Almost half of them said their smartphone serves as their memory.
 
Many adults could not remember important phone numbers of family members and friends. The survey also showed that people are not doing much to protect their information online.
 
Less than a third of the people surveyed put security precautions on heir devices.

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Greek banks closed till Wednesday
The Greek government extended the week-long bank holiday that started on June 29 till Wednesday, while its latest proposal for a debt deal was to be presented to an emergency Eurogroup meeting on Tuesday and an extraordinary eurozone summit later in the evening.
 
Greeks gave a resounding “No” to creditors' draft deal proposal in Sunday's referendum, which could possibly lead to a default and the Greek exit from the eurozone.
 
The extension of the bank closure, which was aimed at tightening capital controls to avert a further bank run and the collapse of the banking system, was announced after a meeting between Deputy Finance Minister Dimitris Mardas, Greek Bank Association chief Louka Katseli and other bankers on Monday night, Xinhua news agency reported.
 
Only 1,000 bank branches will be exempted, as it had happened last week, to service pensioners and the unemployed for social benefits. Each individual can withdraw up to 120 euros (about $131.50) weekly from these bank branches, while debit card users can withdraw up to 60 euros daily from ATMs.
 
The government is expected to decide when to reopen the banks and whether to lift or change the limit of capital controls after the crucial talks in Brussels.
 
Mardas told media that the government would soon announce its decision on when savers may have access to safe deposits boxes in banks' vaults.
 
Katseli said last week that ATMs were expected to run out of cash by Tuesday, but Economy Minister Giorgos Stathakis assured that depositors can withdraw cash until this Friday as long as the capital controls of 60 euros per day continue.
 
Greece will resubmit Tuesday a request for a two-year bailout programme worth 29 billion euros through the European Stability Mechanism, according to government sources. Athens presented the idea earlier in July but was rejected by its lenders.
 
Some European partners have openly expressed their preference for the signing of a "bridge agreement" that would last for only a few months in exchange for the swift implementation of reforms by Greece before a comprehensive deal is reached.
 
European officials and financial experts warn that any decisions should be made by July 20, when Greece needs to repay 3.5 billion euros in loan installments to the European Central Bank.
 
Greece missed a similar crucial deadline on June 30 and was declared in arrears to the International Monetary Fund.

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Sitharaman to meet stakeholders on FDI in e-commerce
With retail store operators going to court seeking parity between online and offline retailers, Commerce Minister Nirmala Sitharaman will meet industry representatives from both e-commerce and retail companies on Friday to discuss opening up the e-commerce sector to foreign direct investment (FDI).
 
A source in the department of industrial policy and promotions told IANS here that both Indian and foreign e-commerce companies such as Flipkart, eBay, Snapdeal and Amazon are likely to attend the meeting.
 
Almost all stakeholders, including representatives of the Confederation of Indian Industries and Federation of Indian Chambers of Commerce and Industry have been invited to Friday's meeting, the source said.
 
The commerce minister is also scheduled to meet chief ministers on the matter on July 15, the official added.
 
The Retailers Association of India (RAI) moved the Delhi high court in May seeking a level playing field between online and offline retailers. The association, representing large brick-and-mortar retail companies, had boycotted the consultations with the minister on the matter in May.
 
After the May meeting here, Sitharaman told reporters: "It was the first meeting. We are not taking any position this way or that way. We have heard everybody on whether they need or do not need FDI, and whether it will affect the level playing field."
 
"I may have meetings with state governments also to understand their position because it is important for me to know the issue in each of these cases," she said.
 
India currently allows 100 percent FDI in business-to-business (B2B) e-commerce, but not in B2C companies selling directly to consumers.

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