How to manage your money in India

  • June 8, 2021

The top news apps in India, including Flipkart and Snapdeal, offer free and ad-free subscriptions for their news apps.

The top apps in the country, including Whatsapp and Facebook, are also offering free and no ads, but they are not yet available for free subscribers.

The Times has asked the companies why their apps are offering no ads.

Flipkarn, the most popular news app in India and one of the top apps with a whopping 2.4 billion daily active users, is not offering ads for its users.

“We have always been committed to offer a diverse range of features to our users including a free trial and adfree experience,” a spokesperson told The Times.

Facebook, which has more than 10 billion monthly active users and has recently launched a free version of its app, has not commented on the report.

Facebook does not have an app for India.

A representative for Snapdeal said the company has not made any decisions on ads.

“The company is committed to a free-to-use platform that offers advertisers a fair and transparent pricing mechanism,” a Snapdeal spokesperson said.

Flipkick, the popular video app, did not respond to requests for comment.

The top news and social media apps are available for both free and paid subscribers.

Flipgadgets, which is owned by Flipkarts, offers a paid version of the Flipkick app.

A Flipkick representative told The Hindu that the company is exploring ad-friendly options for its paid users, but declined to comment further.

“While we are committed to providing a safe, comfortable and secure platform for all our users, we do not comment on individual apps or their pricing models,” the representative said.

A spokesperson for Facebook said the platform is not yet offering ads to its paid subscribers, but that it has started considering it.

“Ads are only available for paid users,” a Facebook spokesperson said in a statement to The Hindu.

The spokesperson did not say if Facebook is planning to introduce ads to free users.

The ad-blocking app Google has also not offered ads for free users in India.

“Google does not currently offer any ad-blockers for its Free Users,” a Google spokesperson told the Financial Express.

“There are no ads currently available for Free Users.”

A spokesperson from the mobile app platform Flipkab, which also offers a free app, said the app has not been able to make any decisions about ads.

“We have not made an official decision on whether or not we will offer ads to Free Users, but we will be evaluating this and we will announce any new news and features soon,” a Flipkabeast spokesperson said, adding that Flipkabi is looking at ad-specific features in its app soon.

“Free users will be able to access Flipkafiles news feed and news feeds from other sources.

We are currently working on ads for Free users,” the spokesperson said adding that it was not yet ready to comment on ads in its free app.

What you need to know about the Wells Fargo/KPMG/Merrill Lynch settlement

  • May 11, 2021

Wells Fargo has agreed to pay $185 million to settle charges it helped customers avoid paying taxes on a $1.6 billion deal to settle federal and state tax fraud allegations, according to the Justice Department.

The deal comes less than a month after Wells Fargo was forced to pay about $190 million in civil penalties to U.S. authorities.

The settlement, which was announced Friday, resolves the federal and federal-state investigations into Wells Fargo’s improper activity that helped hundreds of millions of customers avoid federal income taxes.

Wells Fargo also will pay $75 million to the IRS, the Department of Justice said.

The bank’s admission that it had helped some customers avoid taxes came amid heightened scrutiny over the bank’s handling of customers’ accounts.

Wells said in its statement that it “never knowingly engaged in any of the activities described in the DOJ’s complaint.”

The bank said it “deeply regrets” its conduct.

Wells is also the subject of a separate civil lawsuit that accuses the bank of illegally paying back taxes to some customers.

The Justice Department announced a civil settlement with Wells in January 2017 after a class action was launched.

The DOJ said the bank “gave millions of Americans who owed taxes false information, misrepresented the amount of tax they owed, and improperly billed them for refunds.”

The government alleges that the bank misled customers about the amount and timing of the taxes owed.

Wells settled the DOJ lawsuit earlier this year with a settlement agreement that included $25 million to each of the class members.

Read more about Wells Fargo: Wells Fargo is a subsidiary of Bank of America Corp. The company was founded in 1876.

Its corporate headquarters are in Minneapolis.

The Bank of New York Mellon Corp. owns about 80% of Wells Fargo.

The other 80% is owned by Wells Fargo Holdings Inc., a holding company controlled by New York-based investment firm Kohlberg Kravis Roberts & Co.

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