[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country]
Twitter appoints Resident Grievance Officer; Publishes Compliance Report
In a previous edition of Daily News Updates, we dealt with the New IT Rules. Significant Social Media Intermediaries under the IT rules “have to appoint a Chief Compliance Officer to ensure compliance with the Rules, a resident grievance officer (to hear complaints from the users and dispose them off in 15 days), and publish a monthly compliance report.” The Government had provided until 26th May to comply with the Rules, which Twitter failed to do, leading to a face-off between the social media giant and the Indian Government. Twitter claimed then that they were going to comply with the Rules soon.
Now, Twitter has appointed a Resident Grievance Officer and published its first Compliance Report under the Rules. “According to the report, Twitter suspended 22,564 accounts for promoting terrorism or sharing content that shows child sexual exploitation, non-consensual nudity, and “similar content”.” Facebook and Google had already complied with the Rules and published their reports earlier this month.
Mandatory Surprise Leave for Bank Employees
The RBI has asked all the banks to prepare a list of employees working in sensitive positions such as treasury operations and treasure chests. Such employees will have to be sent on a 10-day mandatory leave every year without any prior intimation, thereby maintaining the element of secrecy. During such leave, employees will not have access to physical or virtual resources related to their work responsibilities. Mandatory leaves were first introduced in 2011 after an increase in bank frauds. Further, directives were also issued in 2015. The revised guidelines introduced now will apply to all the banks within six months.
[Read- PNB FRAUD EXPLAINED: WHAT IS LOU, SWIFT & CBS? And PMC BANK SCAM: EVERYTHING YOU NEED TO KNOW ABOUT IT]
Economyria is now on Telegram. For a simplified analysis of topics related to economy/ business/ finance, subscribe to Economyria on Telegram