Twitter doling out cash to employees to stop them from quitting: Report
New York : Micro-blogging website Twitter is reportedly offering its employees cash bonuses of $50,000 to $200,000 so that they stay with the company for at least a year, media reported.
The social media firm has also been offering additional restricted stock to employees companywide, extending from the upper ranks to junior level employees. 
The move is seen as an effort to stop brain drain at a time when the firm's stock has lost two-thirds of its value since its 52-week high of $53.49 in April 2015, Wall Street Journal (WSJ) reported.
The move comes at a time when the company is facing stalled user growth and growing competition, the WSJ report added. 
A sequential decline in its monthly active users (MAUs) base triggered a sharp fall for Twitter shares as the company announced its fourth quarter results recently.
The micro-blogging site reported 305 million monthly active users for the fourth quarter, compared to 307 million in the third quarter that excluded SMS-only followers.
The almost-flat user growth led to its shares falling as much as 13 percent in extended trading, Tech Crunch reported, hitting another new low of around $13.75 before flattening out to 3 percent in extended trading.
"We saw a decline in monthly active usage in Q4, but we've already seen January monthly actives bounce back to Q3 levels. We're confident that, with disciplined execution, this growth trend will continue over time," the company said in its earning statement.
In the past year, the stock has fallen nearly 70 percent and investors are looking for long-term growth from Twitter.
In an attempt to bring tweets to more people across the globe, Twitter is planning to introduce an algorithmic timeline like Facebook. 
The timeline will reorder tweets based on what Twitter's algorithm thinks people most want to see.
The home timeline will be rolled out to people across 23 countries, including India, who visit Twitter home page on their mobile devices. The micro-blogging site has been looking for ways to elevate popular content for quite some time.
New CEO Jack Dorsey has made several moves, including cutting jobs and naming Google's former chief business officer, Omid Kordestani, as Twitter's executive chairman.
Under Dorsey, Twitter has released a news curation feature "Moments" and the company is reportedly working to extend Twitter's identifying 140-character limit to 10,000.
Twitter is also set for a major overhaul under Dorsey to revive the company's fortunes with some of the high-profile executives putting in their papers.
CEO Jack Dorsey is trying to get the company back on track, and to fix the damage to employee morale after a year of internal turmoil.
Several high-profile Twitter executives and managers have jumped ship in recent months. In the past week alone, Twitter Editorial Director Karen Wickre, and Shariq Rizvi, who confounded the direct response ads team at Twitter, both announced their departures.
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.


Rajya Sabha approves Real Estate Bill
New Delhi : The Real Estate Bill, proposing a Real Estate Regulatory Authority, was on Thursday approved by India's upper house of parliament after the government accepted as many as 20 amendments to the measure as proposed by a Rajya Sabha Select Committee.
The Bill, pending before parliament since 2013, aims to protect the interests of property buyers from unscrupulous promoters and regulate the real estate sector.
The legislative measure will now go to the Lok Sabha for its approval. 
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.



Hemen Parekh

1 year ago

Thanks , Shri Naidu !
A few days back , Parliament passed a bill to regulate the Real Estate Industry
On 04 Nov 2015 ,I sent to Shri Venkaiah Naidu ( [email protected] ) , an email containing following suggestions
Some of these have been incorporated in the new Act .
Thank you , Shri Naidu for listening !
E-Delivery of Services to Construction Industry

Here is how :

* All builders / developers must register on Municipal Web sites and obtain

* Builders must fill in online, on web site of concerned Municipality, a form :


* Building Permit Application Form will have a STANDARD FORMAT , into
which applicant will need to submit exhaustive details re the project

This will include detailed Floor Plans and Structural Drawings , along with
names / contact details of Architects / Structural Engineers etc

The FORM will require slab-casting dates for each slab and the final
completion date when builder will apply for Occupation Certificate

* The Form will have a section called


Builder would be required to tick YES / NO against each item as shown :

Does your proposed Building / Structure / Project , satisfy the criteria /
notifications / regulations , issued by the concerned Ministries in respect
of :

# Built-up Area........... ( YES ) / ( NO )

# Height Restriction

# Fire Fighting

# Water Harvesting

# Roof-top Solar Power

# Effluent Treatment

# Garbage Disposal

# Earthquake Resistant Structural Design..............etc

Clicking on each item will reveal the relevant " Notification / Regulation " issued by the concerned Ministry

To make the process absolutely fool-proof , the form will insist on an " Electronic Signature " of the applicant


" I declare that I have read each and every notification / regulation , listed in respect of items mentioned above

I further declare that I explicitly agree to abide by these regulations

I am aware that Occupation Certificate will not be granted if my completed project is found to be in violation of any of these notifications / regulations

I will not allow any person / entity to occupy any part of this premises , until and unless , Municipality issues to me , the Occupation Certificate

If Municipality finds any violations , I agree to rectify the same before applying for a fresh Occupation Certificate

If Municipality is not in a position to issue Occupation Certificate due to any
violations which simply cannot be rectified , then I will demolish the said building / project / structure on my own and before such demolition , refund with interest , payments collected from the buyers

The plot of land is free from any encumbrances / litigations

I am not in default of any loans taken from any bank / individuals

I will not accept any payment in cash , nor make cash payments

I absolve the Municipal Corporation of any liability arising out of non completion of my project

I agree that my Building Permit Application and my Registration Application details , be made accessible to public on your web site , along with full details of my past / current projects and full details of my balance sheet / bank borrowings "


As soon as the builder submits the online BUILDING PERMIT APPLICATION , it automatically and instantly , appears on the web sites of ALL the concerned Ministries

The concerned officer of each Ministry , makes APPROVED / REJECTED entries in the application form , from the backend

If rejected , he will provide the reasons

Ministry officers are required to carry out this entry , within 24 hours

As soon as an officer of any Ministry makes entry and SUBMITS , the application forms on web sites of ALL Ministries and web site of the concerned Municipality , get updated simultaneously and instantly , making for MIRROR IMAGES at all times

As soon as any entry is made , a copy gets emailed to the applicant builder

Any " editing " of the application form by the builder , will start the entire process , all over

Applicant builder will be obliged to display the latest emailed form at the site

The database so created on web sites of ALL Ministries - and concerned Municipality - will be searchable State-wise / City-wise


To speed up any litigation between the parties concerned ( Builder / Buyers / Central & State Govts / Municipality / Bankers etc ) , existing laws may be changed


Every application must be in the open domain and visible to anyone , online and transparently

There should be provision for any visitor of the web site to report any abuse / violation of regulations or any objection to the proposed construction


If such SELF CERTIFICATION process is implemented , it should be possible for India to beat Singapore , where getting 11 approval takes only 26 days !

It would be ZERO days in our case !

Now couple this with abolition of Corporate Income Tax for Construction Industry for the next 10 years and witness a MIRACLE

------------------------------------------------------------------------------------- / blogs
15 March 2016

Work from home, lottery scams biggest online scams in India: Survey
New Delhi : The top three online scams in India are work from home, lottery scams and fake bank email scam, says a new multi-market survey, adding that despite the growing awareness, new online scams are being reported every day.
Releasing an “Internet Scams” study on Thursday, Norway-based Telenor Group, Telenor India’s major shareholder, said that as internet accessibility in India continues to expand, so do scammers' inventive ways in infiltrating consumers’ personal information. 
“As Indian netizens, we know that scams exist but to see that the highest amount of money stolen via scams is in India shows this is an area we need to address. As a leader in telecommunications, Telenor India is dedicated to enhancing internet safety,” said Sharad Mehrotra, CEO Telenor India, in a statement.
The “work from home” is a scam whereby users are either fooled into paying someone online to help them start a business, or users are tricked into completing work on their computer but never receive payment. 
One quarter of the participants had been victim of lottery scam emails, where the user is prompted to pay a processing fee in order to win a large sum of money and a further 17 percent had been victim to fraud from scammers pretending to be their bank to acquire personal information and funds, the results showed.
“We hope that the findings from this digital consumer study will encourage all of us to take preventative measures to stay safe online,” Mehrotra added. 
The multi-market survey assessed the impact of scams on 400 internet users aged 18- 65 plus in India Singapore, Thailand and Malaysia.
Regionally, the average financial loss per person is Rs.681,070 but alarmingly in India, the average loss was Rs.819,000.
The survey revealed that 85 percent of India’s internet users are familiar with the term "Internet Scam" and feel open to online threats.
“Online security is extremely relevant in India where over one third of internet users surveyed have been victim to an internet scam and a further 57 percent know a friend or family member who has been scammed online,” the findings showed. 
Half of internet users surveyed in India feel that responsibility to protect people online is with the government while nearly 60 percent feel the responsibility lies with the website.
A jail term for scammers is the best preventative measure to avoid an increasing online threat, they added.
However, overall more than 80 percent of respondents feel it is the responsibility of each individual to ensure they’re safe online. 
"Telenor is working closely with GSMA (a body that represents the interests of mobile operators worldwide) to launch 'Mobile Connect' to preserve online privacy, create a trusted environment and help mitigate the vulnerability of online passwords,” Mehrotra informed. 
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.


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