SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 28 Nov, 2017  

US.Federal.9.Thmb.jpg Over 200 businesses want FCC to reconsider ending net neutrality

US-Federal.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 28 Nov, 2017
A week after the US Federal Communications Commission (FCC) announced voting to rollback rules adopted in 2015 that require internet service providers to treat all online traffic equally, over 200 businesses have asked the agency to reconsider its plan to end net neutrality.

In a letter to FCC, more these businesses and trade organisations, including Airbnb, Reddit, Shutterstock, Twitter, among others, highlighted internet's growing role in the US economy, The Verge reported.

The letter cited figures saying that $3.5 billion in online sales happened in 2016 on Cyber Monday, marketing term for the Monday after the Thanksgiving holiday in the US, and $3 billion on Black Friday.

Throughout all of 2016, online purchases accounted for $400 billion in sales, the letter pointed out.

As per current net neutrality rules, all businesses are allowed to compete equally. But without those rules, online businesses may be stymied by internet providers that prioritise their own interests, the companies said.

Indian-origin FCC Chairman Ajit Pai last week said that the so-called net neutrality rules "imposed heavy-handed, utility-style regulations" upon the internet that have "depressed investment in building and expanding broadband networks".

"Today I have shared with my colleagues a draft order that would abandon this failed approach and return to the longstanding consensus that served consumers well for decades," Pai said.

"Under my proposal, the federal government will stop micromanaging the internet."

The FCC will vote on the proposal, known as Restoring Internet Freedom Order, at its December 14 open meeting.

According to the letter: "An internet without net neutrality protections would be the opposite of the open market, with a few powerful cable and phone companies picking winners and losers instead of consumers."

The lack of rules could force businesses into internet slow lanes or they could be blocked altogether, or forced to pay a toll.

"This would put small and medium-sized businesses at a disadvantage and prevent innovative new ones from even getting off the ground," the letter pointed out.

Pai's proposal is almost certain to pass, with Republicans controlling three of the Commission's five seats.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter