Govt Mulls IT Law Revision: In order to relieve the burden on digital news providers, the government will make a crucial choice. The IT Act will be changed by the federal government to let Google and Facebook to split profits with news producers. The government is working to pass the required changes so that tech behemoths like Google, Facebook, Instagram, WhatsApp, Twitter, and Amazon share the profits with the publishers as their content is used by the major social media platforms.
Recently, the Canadian government introduced a rule to ensure openness in the transfer of revenue between online platforms like Google and Facebook and publishers of digital news, and similar attempts are being made in India. There are allegations that although Google and Facebook benefit financially from media organisations’ content, they do not compensate publishers fairly. Online platforms do not pay new publishers their full portion of revenue, and tech oligopolies treat them unfairly in this scenario.
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To address these issues, the govt intends to alter the IT Act, ensuring that tech behemoths like Google and Facebook are transparent in how they pay news publishers. Rajeev Chandrasekhar, assistant minister for information technology and electronics, claimed that the interests of Indian media organisations are being harmed by the market dominance of tech companies in digital advertising. In the framework of introducing new legal measures, the minister made it plain that the administration is carefully considering this problem.
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