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Meta to lay off nearly 1,000 employees amid record AI spending

Meta is laying off several hundred employees globally as part of restructuring while increasing record spending on artificial intelligence and infrastructure.

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Meta Platforms Inc. is planning to cut several hundred jobs as part of a restructuring exercise that will impact multiple teams across the company, including sales, recruiting and the Reality Labs hardware division.

The layoffs are expected to affect employees in the United States as well as in international markets, according to a person familiar with the matter. Some affected employees may be offered alternative roles within the company or relocation options to continue their employment.

As part of the process, some members of Meta’s Reality Labs division were asked to work remotely on Wednesday ahead of the announcement of the job cuts, according to people familiar with the development.

In a statement, a Meta spokesperson said that teams across the company regularly restructure to ensure they are positioned to meet their goals, adding that the company is trying to find other opportunities for employees whose roles are impacted wherever possible.

The total number of layoffs is expected to be fewer than 1,000 employees. Meta had around 79,000 employees worldwide at the beginning of the year.

The development comes at a time when Meta is significantly increasing its investment in artificial intelligence. The company has projected record capital expenditure this year, which could go up to $135 billion. Chief Executive Officer Mark Zuckerberg has also said that Meta plans to spend $600 billion on infrastructure projects in the United States by 2028.

Zuckerberg has previously said that artificial intelligence will transform the company’s workflows, and engineers are already using AI agents for coding and other tasks.

Earlier this year, Meta had also reduced staff in its Reality Labs division, which develops hardware such as AI glasses and virtual reality headsets. The division cut more than 1,000 jobs in January as the company shifted more resources towards AI wearables and reduced focus on some metaverse-related products.

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Over 43 lakh names removed from Jharkhand draft voter rolls after special revision

The Election Commission has released Jharkhand’s draft electoral rolls after the Special Intensive Revision, with over 43 lakh names removed and 83.51% of registered voters submitting enumeration forms.

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The Election Commission on Wednesday published the draft electoral rolls for Jharkhand following the completion of the enumeration phase of the Special Intensive Revision (SIR), with more than 43 lakh names removed from the voter list.

Jharkhand Chief Electoral Officer (CEO) K Ravi Kumar said the state had 2,64,63,236 registered voters before the Special Intensive Revision exercise began. Following the completion of the enumeration process, the draft electoral roll now contains 2,21,01,249 electors.

According to the CEO, 2,21,01,249 electors, or 83.51 per cent of the total registered voters, submitted their enumeration forms by July 29, reflecting strong participation in the revision exercise.

Door-to-door verification conducted during revision exercise

The enumeration exercise for the Special Intensive Revision began on June 30 and continued until July 29. During this period, Booth Level Officers (BLOs) carried out door-to-door visits to distribute, collect and verify enumeration forms submitted by eligible voters.

Why over 43 lakh names were removed

A total of 43,61,987 names were deleted from the draft electoral rolls after being identified under the Absent, Shifted, Dead or Duplicate (ASDD) category.

The CEO said the deleted names include:

  • 7.63 lakh voters who had died.
  • 15.92 lakh voters who had permanently shifted.
  • 14.50 lakh voters who were untraceable or remained absent during the verification exercise.
  • 4.38 lakh voters whose names were found registered at multiple locations.

In addition, around 1.16 lakh voters refused to sign the enumeration forms and did not return the completed forms to Booth Level Officers during the enumeration phase, the CEO added.

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Lok Sabha passes Bankers’ Books Evidence Bill, 2026 to recognise digital bank records as evidence

The Lok Sabha has passed the Bankers’ Books Evidence Bill, 2026, replacing the colonial-era law and recognising digital, electronic and cloud-based bank records as admissible evidence in courts.

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The Lok Sabha on Wednesday passed the Bankers’ Books Evidence Bill, 2026, paving the way for digital and electronic bank records to be recognised as admissible evidence in courts. The proposed law aims to replace the colonial-era Bankers’ Books Evidence Act, 1891 and update the legal framework in line with modern banking practices.

Bill passed amid opposition protests

The legislation was passed through a voice vote after persistent disruptions in the House prevented a detailed discussion.

When the Lok Sabha reconvened at 2 pm following an earlier adjournment, opposition members continued raising slogans despite repeated appeals from the Chair to take up the Bill for discussion.

Finance Minister Nirmala Sitharaman moved the Bill for consideration and passage amid the disruptions. With the protests continuing, the House passed the legislation without a debate. The Bill had been introduced in the Lok Sabha on Monday.

What the new Bill proposes

The proposed law, to be known as the Bankers’ Books Evidence Act, 2026, seeks to modernise the legal framework governing bank records used in legal proceedings.

According to the statement of objects and reasons, rapid technological advancement and the growing use of digital banking have made it necessary to update the existing law, which was enacted when banking records were maintained primarily in physical form.

The Bill expands the definition of “bankers’ books” to include records maintained in physical, electronic, digital, virtual, cloud-based and other formats. This aims to create a technology-neutral and future-ready legal framework for the banking sector.

Key provisions of the legislation

The Bill also proposes standardised certificate formats and allows authentication through manual, digital or electronic signatures. It expressly recognises electronic bank records as admissible evidence and permits their production in either physical or electronic form during legal proceedings.

Another provision empowers the central government to extend the applicability of the law to other entities or classes of entities operating in the financial sector, subject to specified conditions.

The legislation also defines the term “special cause”, under which a court may direct a bank officer to produce bankers’ books or appear as a witness to prove transactions, accounts or other matters in legal proceedings where the bank is not a party.

Why the law is being replaced

The existing Bankers’ Books Evidence Act, 1891 was enacted during the pre-independence period to allow certified copies of bank records to be accepted as evidence without requiring the original records to be produced before the court.

Since the law was framed when banking records were predominantly maintained in physical form, the government has proposed replacing it with legislation better suited to today’s digital banking ecosystem.

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Meta executive Joel Kaplan apologises over restriction of PM Modi’s social media post

Meta’s Chief Global Affairs Officer Joel Kaplan apologised to IT Minister Ashwini Vaishnaw after the company admitted it mistakenly restricted Prime Minister Narendra Modi’s social media post before restoring it.

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Meta’s Chief Global Affairs Officer Joel Kaplan on Wednesday apologised to Union IT Minister Ashwini Vaishnaw on behalf of the company after Prime Minister Narendra Modi’s social media post was mistakenly restricted.

Kaplan said he conveyed the apology to the minister over what he described as an error that led to the restriction of the Prime Minister’s post.

Meta says restriction was an error

Prime Minister Narendra Modi had shared a vertical video on July 23 in which he addressed the public directly. According to Meta, the video was briefly removed from Facebook and Instagram before being restored.

The company attributed the removal to a technical glitch and said the content had been taken down in error before being reinstated on its platforms.

Government found explanation inadequate

The Ministry of Electronics and Information Technology (MeitY) reviewed the incident and described Meta’s initial explanation as “inadequate”. The company subsequently maintained that the removal was unintentional and restored the post.

India remains Meta’s largest user market, with hundreds of millions of people using Facebook, Instagram and WhatsApp.

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