Regulation

RBI closely monitoring lenders’ positions on gold loan portfolios, say sources

After a sharp 15 percent correction in gold prices since Jan 30, the central bank is said to have sharpened its oversight on banks and NBFCs

RBI sets the ball rolling for a self-regulatory body for account aggregators

The initiative aims to streamline data exchange and resolve operational issues within the financial sector

Sebi's Ananth Narayan cautions fintechs and brokers not to turn a blind eye towards malpractices

Narayan said that if the fintechs could form an association to speak in a unified voice, they can become a trusted advisor to Sebi

Regular engagement with RBI crucial to prevent business shutdowns, panellists say at Moneycontrol Startup Conclave

RBI could engage with startups before issuing one-line circulars that could destroy businesses, says Siddarth Pai, founding partner of 3one4 Capital

Europe trails US in AI innovation due to lack of VC funds and skilled talent: Wipro executive

Ivana Bartoletti, Global Chief Privacy & AI Governance Officer, Wipro, said there’s a need to rethink consent mechanisms in the era of AI and the current model of repetitive consent will not work for long.

Early AI regulations risk stifling innovation, says people + ai's Tanuj Bhojwani

The Indian government has allocated a budget of Rs 10,400 crore for AI development under its flagship AI Mission Programme.

AI Alliance NCR: What is GoI’s AI Mission All About | Policies & Regulations that Govern AI in India

The Indian government has allocated a budget of Rs 10,400 crore for AI development under its flagship AI Mission Programme. At the AI Alliance NCR event, S Krishnan, the Secretary at the Ministry of Electronics & Information Technology, discusses the mission's vision. He also engages in a fireside chat with Moneycontrol's Chandra R Srikanth and Aihik Sur, highlighting India's initiatives in AI policy, chip manufacturing, and AI use cases.

Premium for good governance will be very high, many took it for granted: Sachin Bansal

According to Bansal, governance has to be put in place deliberately and should not be just because you happen to work with founders who are doing the right thing themselves. He added that it should not taken for granted

Parked banking dreams for now; focus is on stabilising lending business: Navi founder Sachin Bansal

In a freewheeling interview with Moneycontrol, the Flipkart founder said the recent actions by the RBI on fintechs is a sign that the ecosystem is maturing, with the regulator’s understanding becoming deeper.

CCI’s turnover regulations to provide much needed clarity on antitrust penalties, say experts

The Competition Commission of India has invited expert comments on the draft regulations till January 25, 2024. This is for the first time that the CCI has come up with regulations to determine the turnover of an enterprise to impose penalties for antitrust violations.

Slice revenue grows 3X despite scrapping its flagship credit on card in FY23

The company’s losses ballooned by 37 percent to Rs 405 crore in FY23, from Rs 253.67 crore in FY22.

Breastfeeding at workplace remains taboo despite growing narrative around inclusion

While regulation in India specifically governing lactating mothers aims at indirect facilitation through crèche services, the West often focuses on direct breastfeeding or pumping facilities, law experts say.

US finalizes rules to prevent China from benefiting from $52 billion in chips funding

The regulation is the final hurdle before the Biden administration can begin awarding $39 billion in subsidies for semiconductor production. The landmark "Chips and Science" law provides $52.7 billion for U.S. semiconductor production, research and workforce development.

NMC puts on hold its regulations mandating doctors to prescribe generic drugs, bar them from endorsing any drug brand

They said the regulation barring doctors from attending conferences sponsored by pharma companies warrants reconsideration and also demanded that associations and organisations should be exempted from the purview of NMC guidelines.