4 days ago
Twitter India has partnered with Razorpay for the Tipping feature on its platform, the Economic Times reported. Twitter wants to enable users to make payments on its platform, through ‘Twitter Tip Jar’, to non-governmental organisations (NGOs) journalists, freelancers, content creators and other civil-society groups looking to mobilise funds.
As scores of Indians got infected by the COVID-19 virus over the last year, with the pace of infections in India breaking global records in the last few months, several startups, content creators and NGOs turned to social media to mobilise funds for on-the-ground relief efforts. Twitter and other social media platforms have played an increasingly important role in India’s COVID-19 fight, helping ordinary citizens reach out to government officials, NGOs, activists and political actors for help.
Twitter launches new tipping feature, but privacy concerns loom
10 hours ago
Twitter on Thursday introduced Tip Jar, a new feature that lets people send money to accounts they support. The ability to receive tips is currently available to a limited group of creators, journalists, experts, and nonprofits, but everyone who uses Twitter in English can send tips, the company said in a blog post.
“Tip Jar is an easy way to support the incredible voices that make up the conversation on Twitter. This is a first step in our work to create new ways for people to receive and show support on Twitter – with money.”
February 2, 2021
The government has clarified several provisions concerning equalisation levy and expanded the definition of e-commerce companies in its Union Budget for 2021-22
. The government now states parts of transactions corresponding to royalty payments and fees for technical services (FTS) would not attract a levy, but will instead be taxable under income tax. Finance Minister Nirmala Sitharaman, in her Budget speech on Monday, said that this was being done to “provide certainty” to companies.
“In order to provide certainty, it is being expressly clarified that transaction taxable under income-tax are not liable for equalisation levy. Further, it is also proposed to clarify regarding applicability of equalisation levy on physical/offline supply of goods and services.”
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