Under Section 54, if you sell a residential house and reinvest the capital gains into another residential property within two years of sale or three years if constructing, you are exempt from paying long-term capital gains tax on that profit
Rajpal Yadav case: The actor further explained that he believes in starting fresh every day and focusing on his craft rather than letting difficulties weigh him down. Mumbai: Actor Rajpal Yadav recently spoke about maintaining emotional strength amid life's tough challenges he had been facing
Liverpool have been here far too often this season. Another late, late goal costing them points. This time to Richarlison in a 1-1 draw against struggling Tottenham that cost them a chance to go fourth in the table. And don't the players - who were booed off by their fans at full-time - know it
New BMW M 1000 R: The new BMW M 1000 R supersport roadster has been launched in India at Rs 33.50 lakh (ex-showroom). New BMW M 1000 R key details: The new BMW M 1000 R supersport roadster has been launched in India at Rs 33.50 lakh (ex-showroom). Available as a completely built-up unit (CBU)
Italian bank UniCredit is making a move on German lender Commerzbank. UniCredit is launching an unsolicited offer to boost its stake to over 30 percent. This aims to encourage Commerzbank to enter merger discussions. UniCredit already holds a significant stake
'This is my personal journey': Nawazuddin Siddiqui reacts to expectations of him ‘filling Irrfan Khan’s vacuum’Nawazuddin Siddiqui has addressed his comparisons with the late Irrfan Khan, whom he has described as a mentor-like figure. Mar 16, 2026
Lebanese influencer Natalie Kamal El-Din fighting for life after Israel attack that killed her husband, daughterLebanese influencer and stylist Natalie Kamal El-Din is reportedly fighting for her life after an Israeli airstrike on a residential building in Aramoun Updated on: Mar 16
FIDE CEO Emil Sutovsky has said that the organisation is working in the final stages of preparing for the upcoming Candidates tournament, which is supposed to begin in the next two weeks. Sutovsky has confirmed that the FIDE Candidates Tournament will proceed as scheduled despite a drone striking a
Australian leader defends social media ban as teens flaunt workarounds
Australian Prime Minister Anthony Albanese on Thursday took aim at young people parading themselves on social media a day after a world-first ban on under-16s went live, saying the rollout was always going to be bumpy but would ultimately save lives.
A day after the law took effect with bipartisan support from the major political parties and backing by some three-quarters of Australian parents, the country's social media feeds were flooded with comments from people claiming to be under 16, including one on the prime minister's TikTok account saying "I'm still here, wait until I can vote".
Under the law, 10 of the biggest platforms including TikTok, Meta's Instagram and Alphabet's YouTube must bar underage users or face a fine of up to A$49.5 million ($33 million). The government has said it would take some time for the platforms to set up processes to do this.
"This is the law, this isn't something that can be flouted," Albanese said on News Corp's Sky News.
"Some young people who haven't yet been pulled off social media are sending out notices bragging about it. That just tells the platforms who they are, and so it will be taken down."
Governments around the world have said they would monitor the Australian ban as they weigh whether to do something similar. U.S. Republican senator Josh Hawley endorsed the ban as it took effect, Nine newspapers reported, while France, Denmark, Malaysia and others have said they plan to emulate the Australian model.
The Australian internet regulator, the eSafety Commissioner, would ask all affected platforms to report numbers of under-16 accounts on the days before and after the ban went live on Wednesday, Communications Minister Anika Wells said.
Albanese has pitched the ban as an intervention to protect young people from mental health risks associated with social media, including bullying, body image problems and addictive algorithms.
While some teens trumpeted their ability to flout the ban, Australian content creators are reporting large falls in follower numbers and views. The government says some 200,000 accounts have been deactivated on TikTok alone since the ban went live.
Meta repeated its opposition to the law, saying some experts, advocates and parent groups were concerned it was driving teenagers to less regulated parts of the internet and that there was "little interest in compliance".
"This will result in inconsistent application of the law and ultimately does not make young people safer," a spokesperson said.
TikTok and Snap, owner of Snapchat, declined to comment on the implementation, while YouTube, X, Amazon's Twitch, Reddit and Australian-owned Kick - all of which are covered by the ban - were not immediately available for comment.
Heated global reactions
The ban generated impassioned reactions across the spectrum of global commentators - including from U.S. psychologist Jonathan Haidt, whose book "The Anxious Generation" featured prominently in the Australian debate.
The ban was "the most significant measure to protect children from social media harms", he wrote on social media.
"Dr" Phil McGraw, the U.S. television presenter, in an interview on NewsNation's "On Balance with Leland Vittert", said the measure would "help immensely and force them to engage with the environment, with friends, get out into the real world". A week earlier, American talk show host Oprah Winfrey said the ban would change the lives of a generation.
The United Nations children's agency UNICEF warned in a statement the ban might encourage children to visit less regulated parts of the internet and could not work alone.
"Laws introducing age restrictions are not an alternative to companies improving platform design and content moderation," the statement said.
Albanese, visiting a school in Canberra, said the ban would lead to better educational outcomes and behaviour" since "you get better social interaction when students aren't subject to looking at their devices constantly".
Australian searches for virtual private networks (VPNs), which can mask an internet user's location, surged to the highest level in about 10 years in the week before the legislation took effect, according to publicly available Google data.
All 10 platforms named by the ban opposed it before saying they would comply. As the legislation came into force, some platforms not covered by the ban rose to the top of app download charts, prompting the Australian government to say the platform list was "dynamic".
One app, Lemon8, which is owned by TikTok parent ByteDance, introduced an age minimum of 16. Photo-sharing app Yope told Reuters it had experienced "very fast growth" to about 100,000 Australian users. About half its users were over 16.
The company told Reuters it had told the Australian internet regulator overseeing the ban that it considered itself a private messaging service, not social media.
($1 = 1.4995 Australian dollars)
Source: EconomicTimes
Related Posts: Australian PM Anthony Albanese announces a royal commission into antisemitism after Bondi mass shooting Anthony Albanese Becomes First Australian PM To Wed While In Office Anthony Albanese Marries Partner In Private Ceremony Benjamin Netanyahu escalates attack on Australia's Anthony Albanese as Jewish group urges calm PM Anthony Albanese Weds Jodie Haydon In Canberra Ceremony Anthony Albanese ties the knot Australian PM Albanese announces bravery award for heroes of Bondi anti-Semitic attack Did You Know If You Buy A Birkin Then Hermes Will Be Scrutinising You IMD forecasts heavy rain across Odisha on Thursday
Taxpayers must prepare for the upcoming tax changes set to come into effect on April 1. Taxpayers must be aware of these latest rules and stay updated as these reforms will change how individuals calculate taxes, report income and follow taxation rules
2 hours ago
Indian Foreign Minister S Jaishankar has said he is hopeful that talks with Iran are beginning to ease shipping disruptions for the country's vessels in the Strait of Hormuz. "I am at the moment engaged in talking to them and my talking has yielded some results," he told the Financial Times
2 hours ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Best 75-inch TVs in India (2026): Top big-screen smart TVs for an ultimate home theatre experienceA 75-inch TV can instantly turn any living room into a home theatre experience. So
2 hours ago
A great cocktail often tells a story – of the place it was created, the flavours that inspired it, and the craft of the bartender behind the bar. Across India’s most exciting restaurants and cocktail rooms, mixologists are constantly reimagining classics and experimenting with unexpected
2 hours ago
Dubai Media Office said on Monday (March 16, 2026) that authorities were dealing with a fire resulting from a drone attack in the vicinity of Dubai International Airport. Flights were temporarily suspended at Dubai’s airport, previously one of the
2 hours ago
Political thriller One Battle After Another has dominated this year's Oscars, scoring six wins including best picture It marks the first best picture and best director win for Paul Thomas Anderson, who had never previously won an Oscar despite being one of Hollywood's most respected film-makers
2 hours ago
DLF records total sales bookings of Rs 16,176 crore between April and December 2025, of which Rs 5,247 crore came from NRI buyers, taking their share to 32.5% of total sales. Non-resident Indians (NRIs) are emerging as a major driver of India’s luxury housing market
2 hours ago
Nineteen Indians were among 35 persons whose arrest has been ordered in the United Arab Emirates for posting allegedly misleading and fabricated videos on social media amid regional tensions due to the West Asia conflict, PTI reported on Sunday. Ten persons, including two Indians
2 hours ago
Samsung Galaxy S26 series was supposed to be a game changing lineup for the company but usual business has continued this year with the same three models announced, including the flagship Ultra version. Samsung has done quite a lot for its foldable last year which made us believe the next Galaxy
2 hours ago
AICC General Secretary K C Venugopal accused the Election Commission of bias, alleging the Assembly election schedule was strategically engineered to undermine the Congress party. He criticized the first phase poll dates in key Congress strongholds
2 hours ago
Amid a global oil crisis following the closure of the Strait of Hormuz triggered by the Iran war, a social media post written by US President Donald Trump more than a decade ago has resurfaced online after the recent escalation in the Middle East disrupted global energy markets
2 hours ago
WhatsApp is letting kids and pre-teens use the messaging app which is a big change for the platform as it looks to battle the ongoing concerns regarding child safety on the internet. Meta is making drastic changes to the kids version of WhatsApp which can only run with parental controls and also
2 hours ago
India skipper Suryakumar Yadav selected Ishan Kishan for the T20 World Cup based on gut feeling. He felt Kishan possessed the X-factor to win matches. This decision was tough on Jitesh Sharma. Suryakumar also highlighted Sanju Samson's crucial role in the team's victory
2 hours ago
Four men were arrested in Bengaluru on Sunday. They allegedly tried to bribe Odisha Congress legislators with ₹5 crore each. The aim was to influence votes in the Rajya Sabha elections for the Bharatiya Janata Party. Congress leaders filed a complaint after the incident
2 hours ago
With the announcement of assembly elections in West Bengal, the bipolar contest is shaping up as one of the most consequential political battles in the state. West Bengal will go to polls in two phases on April 23 and 29. The counting of votes will be on May 4
2 hours ago
Authorities in Jharkhand’s Jamtara district suspended the warden of a government-run residential girls’ school on Sunday after a Class 11 student died during treatment. The student’s family alleged that she was not promptly taken to the hospital despite her worsening condition
2 hours ago
President Donald Trump said on Sunday (March 15, 2026) that the United States could soon reach a deal with Cuba or take other action, signalling that developments in the long-strained relationship may come quickly. “Cuba also wants to make a deal
2 hours ago
Endocrinologist shares how to reduce blood sugar spikes without changing your diet: ‘Most start their meal with…’You don't need to change your meals. One simple tweak changes the way your body processes your meal. Published on: Mar 16, 2026 2:18 PM IST By Adrija Dey Share via Copy link Blood
2 hours ago
Former England footballer Wayne Rooney has said that Michael Carrick should be appointed as Manchester United’s full-time manager, after the latter led the team to a 3-1 win against Aston Villa on Sunday, March 15, at Old Trafford. Carrick’s team boosted their push for next season’s UEFA
2 hours ago
Smartphones were India’s top export category for the first time, with a total $30.13 billion worth of exports in the January-December period. New Delhi: Indian smartphone makers are likely to face a challenging period as global memory or RAM prices surge
2 hours ago
OnePlus Nord 6 Price In India: The OnePlus Nord 6 is also rumoured to pack a massive 9,000mAh battery with support for 80W wired fast charging and 27W wireless charging OnePlus Nord 6 Price In India: Chinese smartphone brand OnePlus is expected to launch the OnePlus Nord 6 in India as part of its
2 hours ago
Iran is taking steps to prevent anti-establishment protests, with checkpoints appearing across the streets of the capital, internet access restricted, and mass text warnings sent to residents. In Tehran, people have been telling the BBC about new security checkpoints around the city
2 hours ago
NSF holds rally in Kohima against Centre's 'Vande Mataram' directiveNSF holds rally in Kohima against Centre's 'Vande Mataram' directive Published on: Mar 16, 2026 2:43 PM IST PTI Share via Copy link Kohima, Thousands of students and citizens under the banner of the Naga Students' Federation on
2 hours ago
Some dinners are memorable for the food. Others linger for the stories they carry. At his celebrated New York restaurant, Bungalow, celebrity chef Vikas Khanna recently hosted an evening that blended both – an intimate Ramadan gathering that brought together nostalgia
2 hours ago
Valorant reveals Miks, a controller agent that can heal teammates - All detailsA new agent is entering Valorant soon. Riot Games has revealed Miks, a controller who can heal teammates and control fights using sound-based abilities. Published on: Mar 16
2 hours ago
Salman Khan’s war drama, formerly Battle of Galwan, is now titled Maatrubhumi: May War Rest in Peace and is set for an April 17 release with new poster and teaser. Mumbai: In a significant development for one of the year's most anticipated war dramas
2 hours ago
The Haryana government on Monday told the Supreme Court that it will not grant sanction to prosecute Ashoka University Professor Ali Khan Mahmudabad in the case pertaining to his comments about the press briefings on Operation Sindoor, Live Law reported
2 hours ago
