Indra Nooyi in race for World Bank chief, Netflix and Hotstar to self-police content, and more top news

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Former PepsiCo CEO Indra Nooyi is among candidates to succeed World Bank President Jim Yong Kim, who is leaving February 1, the White House said. Nooyi – who stepped down as PepsiCo's chief last August after leading the beverage maker for 12 years – has been “courted as an administration ally” by Trump’s daughter Ivanka, who is leading the nomination process, New York Times said. Also in the fray are two administration officials: Treasury Undersecretary David Malpass and Ray Washburne, president of the Overseas Private Investment Corp., who served on Trump’s finance team.

India’s video-streaming services have drafted a code to censor content on their platforms. Reuters reports that OTT players Netflix, Hotstar and others will prohibit content that shows a child “engaged in real or simulated sexual activities”, content that's disrespectful of the national flag or seen to be encouraging terrorism, and content that intends to outrage the religious sentiments of any community. The move comes in the backdrop of streaming companies facing lawsuits over obscenity. Amazon Prime already censors Hindi movies on its platform.

Will self-censorship help Netflix and Hotstar prevent potential government regulation? Share in the comments below.

India’s new e-commerce regulations could cost the sector $46 billion in lost sales by 2022, Reuters reports, citing a draft analysis from consultancy PwC. The study, which has not been published, adds the new rules would create 1.1 million fewer jobs than anticipated and reduce tax collections by $6 billion. Late last month, the government issued clarifications on e-commerce FDI, barring e-tailers from selling products of affiliates. The marketplaces have until February 1 to comply with the new rules, but both Flipkart and rival Amazon have sought an extension.

Also: Flipkart’s Singapore-based parent company has infused ?1,431 crore into its Indian wholesale arm, several publications reported, citing RoC filings. The investment comes just around a month after the wholesale subsidiary received ?2,190 crore from the parent entity.

The government has simplified the procedure to claim exemption from 'angel tax', although the levy itself has not been abolished. Business Standard reports the stakeholders remain doubtful, pointing out that the new rules seem to apply only to accredited investors and to startups recognised by the Department of Industrial Policy and Promotion. The bogey of angel tax was revived recently after the taxman sent letters to startups claiming up to 50% of the funds raised in taxes and penalties. Earlier this month, a group of entrepreneurs wrote to the Prime Minister seeking his intervention in the matter. 

Nearly four in five affluent Indians would choose eating good food over being thin, an online survey of 1,000 urban individuals shows. That’s partly because a surprising 74% are happy with their current weight even as two in three respondents exercise only because they want to dig into their choicest dishes. Besides, dieting has limited traction with them – 59% respondents believe “most diet plans ultimately fail.” Earlier, a WHO study said 44% women and 25% men in India lead sedentary lives, which exposes them to lifestyle diseases such as heart conditions and diabetes.

Idea of the Day: Social media has increased society’s propensity for change, says Jamie Bolding, founder and CEO of Jungle Creations.

“Today, thanks to the internet, social media and the constant access we have to information, change takes hold much quicker, which is fantastic for the advancement of society.”

— Abhigyan Chand and Mandar M Bakre/Share this using #DailyRundown

Wednesday’s Rundown saw members comment across stories. Top Commentor K Ramana Prasad pointed out the futility of more varsity seats unless it's matched by an increase in faculty strength and improvement in infrastructure. Join the conversation here.