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WHATSAPP LIMITS FORWARDS TO FIVE RECIPIENTS GLOBALLY

The instant messaging app WhatsApp is now globally limiting the number of times a user can forward a message to five, in a bid to fight the misleading information and rumors.

“We’re imposing a limit of five messages all over the world as of today,” Victoria Grand, vice president for policy and communications at WhatsApp, said on Monday at an event in the Indonesian capital.

Previously, a WhatsApp user could forward a message to 20 individuals or groups. The five-recipient limit expands globally a measure WhatsApp put into place in India in July after the spread of rumors led to several killings in the country.

Reserve Bank Governor Shaktikanta Das on Wednesday announced he will be attending industry lobby groupings on Thursday.

Mr Das has already met the administrators of state-run banks in two instalments, private sector bankers, non-bank lenders and associations of small businesses since taking over in December. “Will meet the apex chambers/associations of industry and commerce tomorrow (January 17),” Mr Das wrote on the microblogging website Twitter.

Until a few years ago, the RBI had a structured system of meeting industry lobby groupings like CII or FICCI. Mr Das had indicated towards a more propitiatory approach, taking the views of all the key stakeholders on board, hours after assuming charge following the surprise withdrawal of his predecessor Urjit Patel.

In the run-up to Mr Patel’s withdrawal last month, multiple stakeholders, including government ministers, had protested about the RBI not listening to industry concerns.

Roadways Minister Nitin Gadkari had publicly said that RBI’s announcements are hampering financial closing for projects and appealed for a relook at the practices.

The February 12 circular last year, which redefines bad asset recognition by asking lenders to classify an asset as bad for a single day’s default and stresses on the quicker decision, has also been one of the areas of concern, particularly for the large borrowers.

Requirements in the circular proved to be one of the driving factors which had led the Government to request the never used Section 7 of the RBI Act to direct the central bank to take certain conversations for the public good.

The Government also wants special permission to the power sector, which the RBI is uneasy with.

Even as the central bank had determined to end the practice of restraints, it has launched a scheme on board direction for Micro, Small and Medium Enterprises (MSMEs) having to adopt under Rs 25 crore after Mr Das took over.


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