News Digest – 9 Oct 2019

Reliance Jio starts charging for outgoing calls to other operators
Citing high IUC (Interconnection Usage Charges), Jio starts charging for outgoing calls to other operators. A jio customer needs to buy a top-up voucher to make calls to other operators. The company compensates for the extra cost with extra data.

Bank Loans to be linked to Your Credit Score
Three public-sector banks – Bank of Baroda, Union Bank of India, and Syndicate Bank – decided to link home loan rates with third party credit scores. This means maintaining a healthy credit profile now comes with a lower interest rate.

OECD proposes to expand Govt. rights to tax MNCs
Organization for Economic Cooperation and Development has released a new methodology for taxation. This might result in higher taxation on digital companies around the world.

Amazon’s Alexa will start multilingual mode from today
Multilingual mode means the user will not have to interact with Alexa in English and Hindi interchangeably instead of having to change the language.

India ranks 68th on the annual Global Competitiveness Index – WEF
Singapore has replaced the US as the most competitive economy. While India lost 10 places compared to last year, India ranks well on innovation.

Nobel Prize in Chemistry
John B Goodenough of University of Texas at Austin, M. Stanley Whittingham of Binghamton University and Akira Yoshino of Meijo University
For the development of Lithium-ion batteries.

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