Technology
Twitter blocks additional 235,000 accounts for promoting terrorism
In its continued effort to curb terrorism-related activities, the micro-blogging website Twitter has suspended an additional 235,000 accounts for violating its policies related to promotion of terrorism in the last six months.
 
Twitter had announced the blocking of more than 125,000 accounts earlier this year which were primarily related to the Islamic State (IS) terror group.
 
"This brings our overall number of suspensions to 360,000 since the middle of 2015. As noted by numerous third parties, our efforts continue to drive meaningful results, including a significant shift in this type of activity off of Twitter," the company said in a blog post on Friday.
The daily Twitter account suspensions are up over 80 per cent since last year with spikes in suspensions immediately following terrorist attacks.
 
"Our response time for suspending reported accounts, the amount of time these accounts are on Twitter and the number of followers they accumulate have all decreased dramatically. We have also made progress in disrupting the ability of those suspended to immediately return to the platform," the blog post read.
 
In addition to the account suspensions, Twitter's global Public Policy team has expanded its partnerships with organisations working to counter violent extremism (CVE) online.
 
"We work with organisations such as Parle-moi d'Islam (France), Imams Online (Britain), Wahid Foundation (Indonesia), The Sawab Centre (UAE), and True Islam (US) to empower credible non-governmental voices against violent extremism," Twitter said.
 
According to a latest study by the US-based Brookings Institution, IS supporters may be operating over 46,000 active Twitter accounts.
 
"We also collaborate with other social platforms, sharing information and best practices for identifying terrorist content," Twitter added.
 
The San Francisco-based company has increased the size of its teams that review terror-related accounts and leverage proprietary spam-fighting tools to surface other potentially violating accounts for review.
 
As many experts and other companies have noted, there is no "magic algorithm" for identifying terrorist content on the internet, so global online platforms are forced to make challenging judgment calls based on very limited information and guidance.
 
"In spite of these challenges, we will continue to aggressively enforce our Rules in this area, and engage with authorities and other relevant organisations to find solutions to this critical issue and promote powerful counter-speech narratives," Twitter added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Is Your Money Safe with the New Banks?
Some investors may be concerned about the safety of their money with the new entrants in the...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Expert group suggests index for corporate bond market
In a bid to develop a strong corporate bond market in India, an expert group on Thursday suggested standardisation of corporate bond issuance, relaxing norms for allowing foreign investments, creation of a bond index and encouraging corporates to tap the market.
 
A report of the Working Group on Development of Corporate Bond Market in India released by the Securities Exchange Board of India (SEBI) on Thursday also said that a centralised database for corporate bonds markets may be established expeditiously in two phases, for secondary market trades by the end of August 2016 and for both primary and secondary markets by the end of October 2016.
 
The report said though equity indices serve as popular benchmarks for equities, designing debt indices has posed challenges in India as the market lacks breadth and depth.
 
"Market participants, however, need a debt market index as benchmark. SEBI is in dialogue with stock exchanges to design a suitable debt market index. Stock exchanges/other entities may design a suitable corporate bond index to serve as a benchmark," the panel recommended.
 
Among various recommendations, the panel said corporates should be encouraged to tap the bond market beyond a cut-off level. "Large corporates with borrowings from the banking system above a cut-off level may be required to tap the market for a portion of their working capital and term loan needs."
 
"Necessary guidelines may be issued by RBI (Reserve Bank of India) taking into account market conditions by September 2016," the report said.
 
The panel also suggested necessary amendments in FEMA regulations to urge foreign portfolio investors (FPIs) to invest in corporate bonds. "Necessary amendments may be made in FEMA regulations to allow investment by FPIs in unlisted debt securities and pass through securities issued by securitisations SPVs/Special Purpose Distinct Entity (SPDE) as announced in the Union Budget 2016-17," the report said.
 
Necessary notification, in this regard, may be issued by the RBI by end August 2016, it said.
 
In order to standardise bond issuance, it said, "...SEBI may have a re-look at the guidelines issued in October 2013 so as to clarify on day count convention, shut period, basis for yield calculation, calculation of coupon interest and redemption with intervening holidays with illustrations."
 
The working group comprises nominees from Reserve Bank, Finance Ministry, SEBI, Insurance Regulatory Development Authority of India and Pension Fund Regulatory and Development Authority (PFRDA).
 
The report said given that the public sector banks would be required to raise around Rs 80,000-85,000 crore by way of issuance of AT-1 instruments, there is an implicit need to broaden the investor base and make these instruments more attractive to the investors.
 
"Insurance companies and EPFO (Employees' Provident Fund Organisation) may be allowed to invest in AT-1 bonds of banks subject to prudential limits with credit rating up to investment grade," it said.
 
The panel also said regulated entities like banks, PDs, in addition to brokers, may be encouraged by the regulators to act as market makers in corporate bond market subject to appropriate risk management framework.
 
The panel suggested the credit rating agencies may be mandated to strictly adhere to the regulatory norms with regard to timely disclosure of defaults on the stock exchanges and their own website.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)