EMI Calculator as a Chrome Extension
This EMI (equated monthly instalment) calculator by Abhishek Kumar will be loved by all and sundry in the financial sector. If you have the need to calculate EMI often, you can install this extension in your Chrome browser.
 
Installation of the extension is simple, as usual—just search Google for EMI Calculator Chrome Extension, and install it. Once installed, it will sit as an extension on your top toolbar, along with your other extensions. 
 
Now, whenever you need to do an EMI calculation, just click on it and it will pop-up the options and instantly give you a report on the equated monthly instalment, the total principal amount and interest amount to be paid and their bifurcation.
 
A very useful tool for those who wish to calculate EMI over and over again!
 

 

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    US federal court approves $ 5 billion Facebook settlement with FTC in Cambridge Analytica scandal
    A US federal court has officially approved the $5 billion fine Facebook reached with the Federal Trade Commission (FTC) last July, after the FTC concluded its investigation into Cambridge Analytica data scandal involving 87 million Facebook users.
     
    According to the social networking giant, the $5 billion agreement has brought fundamental changes to the company and advances in how it protects people's privacy.
     
    "It has changed how we work, how we build new products and technologies and how we handle people's information. Most of all, it brings a new level of accountability and ensures that privacy is everyone's responsibility at Facebook," Michel Protti, Facebook's chief privacy officer for product, said in a statement on Friday.
     
    Facebook said it is creating a new Privacy Committee on its Board of Directors that will be comprised solely of independent directors.
     
    The company will work with a third-party, independent assessor who will regularly and directly report to the Privacy Committee on its privacy programme compliance.
     
    "We now look more critically at data use across all our operations. This means we analyze how data is collected, used and stored, from the moment people share new data with us, all the way to when that data is deleted," said Facebook.
     
    A Risk Assessment Process is in place now which "is a comprehensive audit of how we use data across the entire company – assessing risks and putting safeguards in place to address them. We currently have thousands of people working on these privacy-related projects and we're hiring many more,' the company added.
     
    The $5 billion settlement was reached after the FTC looked into whether Facebook should have done more to prevent Cambridge Analytica, a now-defunct consultancy in the UK that harvested data of up to 87 million users for the 2016 US election.
     
    "We believe that it can and should serve as a roadmap for more comprehensive privacy regulation, as other parts of the world have explored," said Facebook.
     
    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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    Amazon using 3rd-party sellers' data to build its future products: Report
    A sensational investigation by the Wall Street Journal has found that Jeff Bezoz-owned Amazon is allegedly using data from its vast network of third-party sellers to help develop its own private-label products, an allegation the ecommerce behemoth has vehemently denied.
     
    The investigation contradicted Amazon's messaging about how the company uses third-party sellers' data, including a testimony one executive gave to US Congress last year.
     
    "Amazon.com Inc. employees have used data about independent sellers on the company's platform to develop competing products, a practice at odds with the company's stated policies," the WSJ report said on Thursday.
     
    The ecommerce giant has long asserted that when it makes and sells its own products and it doesn't use information it collects from the site's individual third-party sellers.
     
    Amazon denied the allegations in a tweet, saying they "don't use individual sellers' data to launch private label products (which account for only about 1% of sales)". 
     
    The WSJ report prompted Massachusetts Senator Elizabeth Warren to reiterate that giant tech companies have too much power. 
     
    "My plan to #BreakUpBigTech prevents corporations like Amazon from knocking out the rest of the competition. You can be an umpire, or you can be a player�but you can't be both," Warren tweeted.
     
    Amazon replied to Warren: "Sellers aren't being "knocked out" � they're seeing record sales every year. Also, Walmart is much larger; Amazon is less than 4% of U.S. retail".
     
    Earlier, the WSJ report probe found that some Amazon executives had access to seller data that was then used to discover bestselling items they might want to compete against. 
     
    Amazon has long maintained that it's against company policy to use such data to build products for itself.
     
    However, the findings did not go well with the top US regulators.
     
    The US House Judiciary Committee has questioned whether Amazon misled Congress in sworn testimony.
     
    "This report raises deep concerns about Amazon's apparent lack of candor before the committee regarding an issue that is central to our investigation," House Judiciary Committee Chairman Jerrold Nadler (D-NY) said in a statement to the Journal.
     
    In a statement to Recode, Rep. David Cicilline (D-RI), who leads the House antitrust subcommittee that is investigating Amazon and other tech giants, said" "At best, Amazon's witness appears to have misrepresented key aspects of Amazon's business practices while omitting important details in response to pointed questioning. At worst, the witness Amazon sent to speak on its behalf may have lied to Congress".
     
    House Judiciary Chair Jerry Nadler (D-NY) said: "We plan to seek clarification from Amazon in short order, in light of this troubling report."
     
    An Amazon spokesperson said in a statement that the company "strictly prohibit employees from using non-public, seller-specific data to determine which private label products to launch".
     
    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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