Page 4 - Regulations

Regulations, industry collaborations needed to fix deepfake issue: Nasscom

Tackling the deepfake issue will require regulations and close industry collaboration as there is no silver bullet for it, Nasscom Chairperson Rajesh Nambiar has said, terming it a "real concern", especially in a year when several countries are going for polls. In an interview with PTI, the Nasscom chief also talked about continued concerns over macro headwinds while pointing out that "green shoots" and "clear pockets" of demand emerging in areas like generative AI. Highlighting that technology has moved from being an enabler to being at the centre of every business, Nambiar, who is also chairman and managing director of Cognizant India, said companies will have no choice but to invest in technology going forward. Nambiar, who took over as the chairperson of apex IT industry body Nasscom in September 2023, termed deepfakes "a real concern". "Deepfakes are a real concern, especially when you look at half of the world's population going into elections in 2024. That is a big number, i

China fires top official to stem games fallout, contain damage: Report

Tencent and smaller rival NetEase Inc. gained about 1% in Hong Kong Wednesday, adding to a recovery since officials began signaling a willingness to consider industry views

Year ender 2023: 10 important regulatory changes that took place in India

2023 was a busy year for regulators like the Reserve Bank of India and the Securities and Exchange Board of India. Here are the 10 key changes on the regulatory front

European Union strikes deal to regulate ChatGPT, AI tech in landmark act

Thierry Breton, the bloc's internal market chief, said the deal strikes a balance between fostering innovation and protecting the rights of people and companies

European Union's world-leading AI regulations facing do-or-die moment

Hailed as a world first, European Union artificial intelligence rules are facing a make-or-break moment as negotiators try to hammer out the final details this week talks complicated by the sudden rise of generative AI that produces human-like work. First suggested in 2019, the EU's AI Act was expected to be the world's first comprehensive AI regulations, further cementing the 27-nation bloc's position as a global trendsetter when it comes to reining in the tech industry. But the process has been bogged down by a last-minute battle over how to govern systems that underpin general purpose AI services like OpenAI's ChatGPT and Google's Bard chatbot. Big tech companies are lobbying against what they see as overregulation that stifles innovation, while European lawmakers want added safeguards for the cutting-edge AI systems those companies are developing. Meanwhile, the U.S., U.K., China and global coalitions like the Group of 7 major democracies have joined the race to draw up ...

Self-regulation does not work well in preventing frauds, says Sebi WTM

Amarjeet Singh says 16 working groups looking to simplify regulations

FIU likely to launch global crypto exchange database by March next year

The exchange will also have information on the exchanges which are operating on the dark web

Beware of over-regulation

Regulation of unlisted firms must be rational, not reactive

Over regulation of internet may have discriminatory results: Cos to Trai

Founders and top leaders of many prominent startups, including Zerodha's Nithin Kamath and Paytm's Vijay Shekhar Sharma, have written a joint letter to regulator TRAI in support of net neutrality, and cautioned that any move towards "over regulation" of internet services categorised as OTT services could have "discriminatory consequences". The letter, signed by representatives of 129 startups, calls for the internet to be maintained as an open platform where network providers treat all content, application, and services equally, without discrimination. This includes not putting a service at a competitive disadvantage, either by imposing additional network fees or other regulatory obligations such as licensing under a telecommunications framework, according to the letter addressed to Telecom Regulatory Authority of India (TRAI) Chairman PD Vaghela. "As a key representative of the Indian economy and internet innovation ecosystem, we are writing to urge the authority to continue their

Robust mechanism in place for regulating media channels: Centre to SC

Asserting that there is no statutory vacuum, the central government has told the Supreme Court there exists a robust mechanism for regulation of content of private television channels. In an affidavit filed before the top court, the Ministry of Information and Broadcasting has said the Union of India has always protected journalistic freedom and encouraged the policy of promoting self-restraint and self-regulation in the field of journalism. The government said this was meant to ensure that media houses and journalists acknowledge their vital role and responsibilities towards the society and elevate their standards of practice though self-devised methods. This, it said, ensures there is minimum interference by government authorities in the functioning of media. It is only in cases involving national security that the government's statutory mechanism kicks in, the affidavit said. "There is no statutory vacuum, in so far as regulation of the broadcast of irresponsible reporting and

Govt rolls out mandatory quality norms for solder wires used in electronics

The government has issued mandatory quality norms for solder wires, used in electronics and engineering industry, to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on September 18. Items under Flux Cored Solder Wire (Quality Control) Order, 2023 cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. These orders will come into force with effect from six months from the date of publication of this notification, the DPIIT said on Tuesday. Soldering is a critical process where quality of flux cored solder wire is of paramount importance as any failure will impact quality and safety of the products soldered particularly in electronic and automobile industry. "The implementation of the Quality Control Order (QCO) for this product is crucial not only for the safety of consumers,

UBS names South Korea, India, others as 'slow' on Credit Suisse approval

The uncertainties could lead to winding down businesses and asset sales, when UBS faces "difficult jurisdictions or regulators", the Swiss bank said in the document

After drive against spurious drugs, DCGI collating data on pharma plants

The DCGI, in a letter dated September 4, has instructed state drug controllers to obtain the details from the firms under their jurisdiction

Discussions on global framework to regulate crypto underway: FM Sitharaman

Sitharaman added that cryptocurrencies can not be regulated efficiently without the cooperation of all countries

UAE creates federal authority for commercial gaming as casinos flock nation

Casinos long have been rumoured to be considered as a way to raise money in the UAE and boost its tourism industry, particularly in Dubai, home to the long-haul airline Emirates

SC proposes to strengthen self-regulatory mechanism for TV news channels

The Supreme Court on Monday found fault with the existing self-regulatory mechanism to monitor TV news channels and sought the Centre's response, saying it wants to make it "more effective". Making it clear that it does not want to impose any censorship on media, a bench headed by Chief Justice D Y Chandrachud stressed on the need for having an effective self-regulatory mechanism and said some channels went "berserk" during the coverage of actor Sushant Singh Rajput's death case. The top court asked the News Broadcasters Association (NBA), which is now known as News Broadcasters and Digital Association (NBDA) and has a self-regulatory mechanism, to take inputs from the chairperson of News Broadcasting and Digital Standards Authority, Justice (retd) A K Sikri, and its former chief Justice (retd) R V Raveendran, both former Supreme Court judges. It noted that the self-regulatory mechanism can be strengthened after taking note of all existing material, including the inputs of former ap

Titan sub's implosion draws attention to deep-sea expeditions regulations

When the Titan submersible made its fateful dive into the North Atlantic on Sunday, it also plunged into the murkily regulated waters of deep-sea exploration. It's a space on the high seas where laws and conventions can be sidestepped by risk-taking entrepreneurs and the wealthy tourists who help fund their dreams. At least for now. We're at a point in submersible operations in deep water that's kind of akin to where aviation was in the early 20th century, said Salvatore Mercogliano, a history professor at Campbell University in North Carolina who focuses on maritime history and policy. Aviation was in its infancy and it took accidents for decisions to be made to be put into laws, Mercogliano said. There'll be a time when you won't think twice about getting on a submersible and going down 13,000 feet. But we're not there yet. Thursday's announcement by the U.S. Coast Guard that the Titan had imploded near the Titanic shipwreck, killing all five people on board, has drawn attention

Regulating AI

Guidelines will need to evolve over time

India could lead global conversations around AI regulation: Sam Altman

Altman said his company was delighted to see the adoption of and enthusiasm for ChatGPT in India

Govt to brief industry on US-led initiative IPEF's supply chain pillar

Government officials said there will be more rounds of stakeholder and legal consultations will take place before the text is finalised