Appleās tensions with the UK over encryption finally reached breaking point last week. Rather than submit to the governmentās demand for a backdoor to customer data, the iPhone maker instead killed end-to-end encryption for all British customers of iCloud. Itās a principled gamble that seems to rely on public outrage, but Apple may discover that…
Though the announcement was widely welcomed, it failed to address a critical question ā does income from capital gains affect a personās eligibility for the rebate? In other words, if a person with a ā¹12 lakh salary earns an additional ā¹1 lakh from capital gains, will they lose the rebate or will they only have…
Taking on global cyber security challenges will need strategic policy coalitions in order to address the increasing threats posed by nation-state attackers and even local scammers being distributed around the world, said Sean Joyce, partner and global cyber security leader at consultancy firm PricewaterhouseCoopers (PwC). Speaking about the geopolitically distributed challenge of cyber security, Joyce,…
The National Financial Reporting Authority (NFRA) has proposed a revision of accounting rule SA600 so that a parent companyās auditor would be held responsible for the work of the auditor of a subsidiary. The idea has met with resistance.Ā The Institute of Chartered Accountants of India (ICAI) has flagged its concern that it could weaken…
