OPINION, P2 LEISURE Digital artists around the world have been expanding their arena of tools to create unique artworks. But how exactly is digital art placed in the art world, especially in comparison to traditional art? Page 6 Pandemic,vaccine and controversy FE LINES The art of gathering will be significantly redefined in 2021 Page 7 THE DYNAMIC CANVAS ACROSS THE AISLE , P CHIDAMBARAM Human connection EXPRESSADDA Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM VOL. XX NO. 10 PANKAJ TRIPATHI FINANCIAL EXPRESS ON SUNDAY NEW DELHI SUNDAY, JANUARY 10, 2021, 22 Pages, `10 (Patna `11, Raipur `10) P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , WHAT'S INSIDE ■ SPOTLIGHT, P5 Back to office It’s been a while since people went to their workplaces. Now, when the world is on the verge of being vaccinated, a return to the office seems imminent. But are we ready to go back yet? And what form will the new workplace take? Concern over WhatsApp’s new policy ● Govt may redraft social media guidelines; app may lose intermediary status after data sharing with FB THE MINISTRY OF electronics and information technology (Meity) is taking a close look at encrypted messaging app WhatsApp’s new privacy policy wherein it will be sharing commercial user data with parent Facebook. Sources in the government said the social media intermediary guidelines, which are in the works, may be drafted afresh to build in safeguards against such practices. Checks & balances An authoritative account of banks in India that offers insight, analysis & recommendations ROHNIT PHORE C H E N N A I , DATA PRIVACY RISHI RAJ New Delhi, January 9 ■ WORDS WORTH, P4 ODD & EVEN C H A N D I G A R H , Continued on Page 22 WHATSAPP ON Saturday also clarified that its latest update describes business communication and does not change its data-sharing practices with Facebook. It also stated that users will have to agree to the new terms by February 8 to continueusingWhatsApp'sservice. In a series of tweets, WhatsApp head Will Cathcartsoughttosharehisviews on the matter. He said the company updated its policy “to be transparent and to betterdescribeoptionalpeople-to-businessfeatures”. Continued on Page 22 Hyderabad company booked in ` 4,736-crore bank fraud THE CBI HAS booked Hyderabad-based Coastal Projects and its directors in connection with over `4,736-crore bank fraud in a consortium of banks led by the State Bank of India, officials said on Saturday, reports PTI. The complaint from the SBI has alleged that the company falsified account books and financial statements between 2013 and 2018. Indonesian plane with 62 aboard feared crashed REUTERS Jakarta, January 9 ASRIWIJAYAAIR planewith 62 people on board lost contact after taking off from Indonesia’s capital Jakarta on a domestic flight on Saturday and rescuers said suspected debris had been found in the sea off the city. The Boeing 737-500, en routetoPontianakinWestKalimantan, disappeared from radar screens after taking off. Indonesian transport minister Budi Karya told a news conference that 62 people had been aboard,including 12 crew. Teams have been dispatched to search the waters northofJakarta.Anofficialsaid debrissuspectedtobefromthe plane had been found in the sea, but it had not been confirmed that it came from the missing flight. SriwijayaAir,anIndonesian airline, said it was gathering more detailed information regarding the flight before it could make a fullerstatement. ABoeingspokeswomansaid, “We are aware of media reports from Jakarta, and are closely monitoring the situation.” H Y D E R A B A D , K O C H I , Volunteer's death not related to vaccine: Bharat Biotech K O L K A T A , L U C K N O W , Twitter suspends Trump’s account permanently Won’t be silenced, says Trump INASTATEMENT hoursafterhe wasbanned,Trumpsaid:“Ipredicted this would happen.We have been negotiating with various other sites, and will have a big announcement soon,while we also look at the possibilitiesofbuildingoutour own platform in the near future. We will not be SILENCED!” “Twitter is not about FREE SPEECH.They are Continued on Page 22 all about promoting a Radical Left platform where some of the most vicious people in the world are allowed to speak freely.“STAYTUNED!”he said, indicating some announcements in this regard is forthcoming.“Twittermaybe a privatecompany,butwithoutthe government's gift of Section 230 they would not exist for long,”Trumpsaid. — PTI Google suspends Parler; Apple may too FE BUREAU New Delhi, January 9 THE GOVERNMENT HAS proposed to roll out a so-called “pre-pack”insolvency scheme thatwill allowhonest promoters to submit resolution plans for their stressed companies and it could be available for all corporate debtors and for any stress — pre and post default. As per a draft pre-pack scheme, put out by the corpo- allowed for defaults from `1 lakh to `1 cr and Covid defaults ■ Honest promoters to be allowed to bid but no dilution of Sec 29-A disqualification criteria ` rate affairs ministry, the government may begin by allowing this scheme for defaults from `1 lakh to `1 crore and Covid-19 defaults.This can be followed by defaults above ` 1 crore, and then defaults from `1 to `1 lakh. ■ Pre-pack can be initiated by the debtor with nod from a simple majority of shareholders ■ Resolution plan has to be approved by 66% of creditors ■ Pre-pack should allow 90 days for market participants to submit resolution plans to NCLT Acorporatedebtorwillhave to initiate pre-pack with the consent of a simple majorityof unrelated financial creditors and shareholders. While eligible promoters will be allowed to bid,there will be no dilution of provisions of Section 29A PRESS TRUST OF INDIA New Delhi, January 9 19 vaccination drive on January16andprioritywillbegiven tonearlythreecrorehealthcare and frontlineworkers,the government said on Saturday.The decision was taken after PM Narendra Modi reviewed the status of the situation andvaccine preparedness. “After detailed review, it was decided thatinviewoftheforthcoming festivals including Lohri, MakarSankranti,Pongal,Magh Bihu,etc,vaccination will start from January 16,2021,”a government statement said. After healthcare and frontlineworkers,prioritywillbegiven tothoseabove50yearsofageand theunder-50populationgroups with co-morbidities numbering around27crore,itadded. WASHINGTON: Several Republi- are shifting their base — from its app store, citing posts inciting violence. Apple also warned Parler that it will ban the service. Reports on Page 11 can leaders have condemned Twitter for permanently deactivating President Donald Trump'saccount,sayingthatthe “US is not China". — PTI Narendra Modi @narendramodi Priority will be given to our brave doctors, healthcare workers, frontline workers including Safai Karamcharis ALVIDA KHANSI HERBAL COUGH SYRUP /TorexHerbalCoughSyrup SORE THROAT COLD COUGH /torexherbcoughsyrup /TorexCoughSyrup /TorexHerbalCoughSyrup TULSI Tulsi helps suppress cough and aids the mobilization of mucus. PIPPALI Pippali provides relief from cough and congestion. THE CENTRE ON Saturday said the outbreak of bird flu has been reported in Uttar Pradesh, taking the total number of affected states to seven, reports PTI. However, the confirmation of bird flu in Delhi, Chhattisgarh and Maharashtra is awaited as the samples have been sent for testing, it said. The other six states where bird flu is confirmed are Kerala, Rajasthan, Madhya Pradesh, Himachal Pradesh, Haryana and Gujarat. ■ Initially, pre-pack may be Vaccination drive to start on Jan 16 ‘US is not China’ INTERNET GIANT Google Bird flu in seven states disqualificationcriteria.Under the scheme, market participantswillbeallowed90daysto submit the resolution plan to the adjudicating authority, which shall have 30 days to approve the plan. Pre-pack will usually see resolution and not end upwith liquidation, except when the creditors decide to liquidate the corporate debtor with a 75% voting share. The scheme will require amendments to the IBC, and the government may introduce a Bill to this effect as early as the Budget session of Parliament.Ifadoptedearly,itwillbe a key tool at creditors’disposal once the government lifts a suspension of the IBC process against Covid-related defaults from March 25, 2021, which mayleadasuddenriseininsolvency cases. P U N E COVID-19 A photo illustration shows the suspended Twitter account REUTERS/Joshua Roberts/Illustration has been permanently suspended fromTwitterdue to the “risk of further incitement of violence”,thesocialmediagiant has announced, days after his supporters stormed the US Capitolandcausedthedeathsof fourciviliansandapoliceofficer. The unprecedented move by Twitter comes after Trump tweetedthathewouldnotattend theinaugurationofhissuccessor JoeBidenonJanuary20. has suspended US-based microblogging platform Parler —where most of the supporters of outgoing President Donald Trump D E L H I , INDIAWILL LAUNCH its Covid- VACCINE MAKER BHARAT Biotech on Saturday said the death of a volunteer in Bhopal, who took a shot of its Covaxin as part of the Phase III clinical trials, was not related to the medication, reports PTI. “As per the post-mortem report, probable cause of death was due to cardio respiratory failure as a result of suspected poisoning," the firm said. The volunteer died nine days after the dosing, though it's not known if he took the vaccine or a placebo. THE PROPOSALS N E W ● The company said it feared risk of incitement of more violence from his tweets VASA Vasa improves voice quality and relives cough. KULANJAN Kulanjan is effective herb for pearing cough and throat itching. Govt puts out draft pre-pack scheme ● New insolvency scheme to offer more leeway to promoters; sharp cut in default threshold M U M B A I , CAPITOL AFTERMATH US PRESIDENTDONALD Trump QuickPicks AIR DISASTER READ TO LEAD PRESS TRUST OF INDIA Washington, January 9 WhatsApp clarifies ‘A part of my soul goes into the making of a subtle performance’ Page 8 YASHTIMADHU Yashtimadhu treats cough, hoarse voice, chest congestion & sore throat. Alcohol Free WITH BENEFITS OF TULSI & HONEY Distributor contact : Delhi - Raj Ayurmed Bhagirath Palace +91 92108 01700, 80764 36657 | ASM : +91 99688 86667 For more information, please contact : +91 97792 14455, +91 73199 35154 (Whatsapp) / care@torquepharma.com New Delhi