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Article 13: Memes exempt as EU backs controversial copyright law

Article 13: Memes exempt as EU backs controversial copyright law

Technology
Copyright laws which critics say could change the internet have been voted in by the European Parliament.The new rules, including the controversial Article 13, will hold tech firms responsible for material posted without copyright permission.Sharing memes and GIFs will still be allowed under the new laws.Many musicians and creators say the legislation will compensate artists fairly - but others argue that they will destroy user-generated content.Copyright is the legal right that allows an artist to protect how their original work is used.Tech companies have argued that artists are already paid fairly under the current system. Google said it would "harm Europe's creative and digital industries". What is the controversial Article 1...
IPOs, FPOs, ESoPs exempt from STT for concessional LTCG tax

IPOs, FPOs, ESoPs exempt from STT for concessional LTCG tax

Finance
Initial public offerings, bonus, rights issues and ESoPs will be eligible for concessional rate of 10 per cent long-term capital gains (LTCG) tax even if the Securities Transaction Tax has not been paid earlier. In the 2018-19 budget, the government had after a gap of 14 years reintroduced concessional 10 per cent on LTCG tax exceeding Rs 1 lakh from sale of shares, subject to payment of Securities Transaction Tax (STT) at the time of acquiring the equities. The finance ministry also decided to exempt certain transaction from payment of STT for availing the concessional 10 per cent LTCG rate. The ministry has notified a list of carve outs which will be exempt from the requirement of paying STT. These include IPO, follow-on public offer (FPO), bonus or rights issue by a listed company, acqu...