Sharan Hegde, the CEO of the financial literacy company 1% Club, has come under scrutiny following the announcement of a 15% workforce reduction. The layoffs have sparked debate, particularly given Hegde’s status as a prominent financial influencer, known for his career built around financial education and promoting sound money management.

In a significant development, the Enforcement Directorate (ED) carried out raids on 15-16 locations linked to vendors selling on major e-commerce platforms such as Amazon and Flipkart. The action is part of an ongoing investigation under the Foreign Exchange Management Act (FEMA), sources confirmed on Thursday.

In a major move to protect children from the dangers of social media, the Australian Government has announced a new policy banning social media use for children under the age of 16. The decision, made on Thursday, was hailed by Prime Minister Anthony Albanese, who emphasized the growing concerns about the impact of social media on young people’s mental and emotional well-being. According to Albanese, many parents and family members have expressed deep concerns about the online safety of children, citing the potentially harmful effects of excessive social media use.