Wednesday, March 14, 2012

Google, Yahoo's Clarification Regd Foreign Exchange Notice

   by Ninad Avasarein News / Business News    (submitted 2012-02-21)

The Government Of India is investigating about Foreign Exchange Law violation by internet giants Yahoo and Google. The Government have sent notices to the Indian units of Google and Yahoo that they are being investigated for forex violations citing a senior official at a division of the finance ministry, which monitors foreign exchange transactions and money laundering activities. But finance ministry declined to confirm whether notices have been sent to Google and Yahoo!. Google also denied that it has received any notice regarding forex violation from finance ministry of India. Google said that their present structure is compliant with the tax rules with all countries in which they do operate. According to the Wall Street Journal finance ministry has doubts over Google Inc. being inconsistent on foreign-exchange transactions and it may have indulged in to transfer funds to its overseas divisions, including regions like Ireland. But there are no clear details available about it at the moment.

Google, Facebook and Yahoo are facing heat from Indian Government and Apex Court regarding offensive content on their social network sites. Facebook India claimed that they already have removed offensive content from their site and they do not have access to facebook.com which is being hosted on a server which is located in U.S.A thereby they can not monitor content over it while Yahoo clarified that they do not any social networking platform and feel that they are sent notice by mistake. Google removed some content from Indian web sites earlier this month after a court directive warning.

In another news Google already has started terminating account of youngsters whose age are below 13. kids below 13 are being welcomed with message "Google Account Has Been Disabled. You will not be able to sign into this account or access any Google product or services. You do not meet age requirement for a Google account." when they try to access their account. Google has made changes in term's of email service in January 2012. Google said that age restriction are in place all countries according to new policy. The company declined to comment about when it had actually started disabling account of kids below age of 13, they also denied to comment about how many accounts they have canceled by time. Google claimed that user age information will help them to provide age appropriate setting features which can ensure online safety of kids.

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Ninad Avasare

Ninad Avasare

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