Background: On October 4, 2024, the Reserve Bank of India (RBI) issued an important directive to address irregularities in guarantees provided by non-residents to Indian entities. The circular highlighted cases where instruments such as Standby Letters of Credit (SBLCs) and performance guarantees were issued by non-residents without adhering to FEMA regulations. These violations raised concerns […]
Read More →In a welcome relief for periodical publishers, the Press Registrar General of India, under the Ministry of Information and Broadcasting, has announced an extension for filing Annual Statements for the Financial Year 2023-24. This move aims to provide publishers additional time to ensure compliance and accuracy in their submissions. As per compliance requirements, publishers of […]
Read More →The Telecom Regulatory Authority of India (TRAI), in order to address the ongoing menace of spam calls and malicious communications, held a meeting with all major Telecom Service Providers on August 8, 2024. The aim was to regulate and tighten the control over unwanted communications. such as spam calls and bulk commercial messages. The following […]
Read More →Introduction: With the widespread use of AI in recent times, the threat to personal data security, sensitive information, and overall security has become a major concern. Additionally, increasing incidents of deep fakes, voice scams, social bias, financial fraud, and misinformation are making the regulation of AI urgent. To address these concerns and monitor AI models, […]
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