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Drone firms in talks for self-regulation of standards to boost localization
Livemint
·
8m ago
Medial
The drone industry in India is in discussions with the government to establish a self-regulatory code of operations. Talks have focused on creating standards for localization of components, collaborative R&D programs, and the development of advanced drones. The Directorate General of Civil Aviation (DGCA) is keen on helping Indian drone firms localize a larger percentage of their key components. The discussions have gained urgency following a terrorist attack on Hezbollah, and the government sees the localization of drone manufacturing as a matter of national security. The Center is offering companies the opportunity to propose their own solutions rather than enforcing regulations upon them.
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Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme
Inc42
·
11d ago
Medial
The Indian government plans to introduce a INR 2,000 crore incentive scheme to boost the domestic drone industry over three years. This initiative seeks to localize the production of drones and related components, aiming for 40% localization by FY28. The scheme will encompass manufacturing, software, and anti-drone systems. Small Industries Development Bank of India (SIDBI) will provide affordable loans to support working capital and research and development for drone technology firms.
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RBI issues draft framework for fintech self-regulatory body
VCCircle
·
1y ago
Medial
The Reserve Bank of India (RBI) has released a draft framework proposing the formation of a self-regulatory organization (SRO) for fintech firms. The SRO would ensure compliance with statutory and regulatory requirements and focus on governance standards in the sector. The RBI believes that self-regulation within the fintech industry is necessary to strike a balance between innovation and consumer protection. The SRO would work towards maintaining industry standards, facilitating communication with the RBI, and supplying information as directed by the central bank. Feedback on the draft is invited until the end of February.
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US removes ‘safety’ from AI Safety Institute
The Verge
·
1m ago
Medial
The US Department of Commerce has rebranded its AI Safety Institute to the Center for AI Standards and Innovation (CAISI), shifting focus from general safety to addressing national security risks and opposing excessive international regulation. Announced by Secretary of Commerce Howard Lutnick, the change aims to boost US innovation and establish AI standards dominance. This move aligns with the Trump administration's broader strategy to accelerate the growth of American AI firms and technologies.
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Drone firms push for easier rules to soar beyond BVLOS
Economic Times
·
3m ago
Medial
Drone startups in India are advocating for eased regulations to enable beyond visual line of sight (BVLOS) operations, crucial for sector growth. The current framework requires special government approvals, hindering expansion. The Drone Federation of India is drafting recommendations to the government, emphasizing safety and reliability standards. Enhanced BVLOS regulations could boost GDP by $1.6 billion by 2030 in sectors like agriculture and logistics. Effective drone traffic management systems are also necessary for safe operations.
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Microbiome startups respond as industry is accused of 'questionable practices'
TechCrunch
·
1y ago
Medial
The microbiome industry, which offers personalized treatments for various health issues based on an individual's unique mix of microorganisms, is being criticized for lacking scientific rigor and effective regulation. A report published in Science warns about misleading marketing claims and questionable practices by microbiome companies. The report also highlights the lack of established standards and regulations to verify the accuracy of microbiome testing. While some startups in the industry acknowledge the shortcomings and call for better standards, others argue that the industry needs more ambition and clinically validated tests. Proper regulation is seen as essential to prevent self-misdiagnosis and potential harm to individuals.
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DroneAcharya Fined For Delay In Submission Of Financials
Inc42
·
18d ago
Medial
DroneAcharya, a drone technology startup, was fined INR 1.3 Lakh by the Bombay Stock Exchange (BSE) for delaying the submission of financial results for the second half of fiscal year 2025. The fine was imposed due to alleged non-compliance with Regulation 33 of the SEBI Regulation 2015. Founded in 2017, DroneAcharya offers drone and data-based solutions, including multi-sensor drone surveys, pilot training, and data processing services.
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Govt issues draft self-regulation rules for e-commerce firms
Inshorts
·
5m ago
Medial
The Bureau of Indian Standards has issued draft guidelines for self-governance of e-commerce platforms. The 'E-commerce-Principles and Guidelines for Self Governance' covers the pre-transaction, contract formation and post-transaction stages of e-commerce operations. The draft mandates e-commerce firms to perform strict KYC of all sellers and timely notify customers of product delivery.
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A Venture Capitalist’s View of AI: Where the Money Is
Livemint
·
1y ago
Medial
Hemant Taneja, CEO of General Catalyst, is working with other venture-capital firms and the US Commerce Department to develop voluntary guidelines for the responsible development of AI. He believes that AI's value lies in transforming industries and business functions, and sees it as an enterprise play rather than a consumer market opportunity. Taneja argues for the need to align on core protocols and governance standards for AI, rather than rushing into regulation. Without smart regulation, there is a risk of stifling innovation and atrophying the industry.
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Drone startup Garuda Aerospace's patent count touches 20
Economic Times
·
6m ago
Medial
Drone startup Garuda Aerospace has been granted 20 patents, six of which are international, for their agriculture drone solutions. These solutions cover a wide range of functions including mapping, surveying, spraying, inspections, crop health monitoring, and more. The remaining patents cover various applications such as underwater drones for inspections, health inspections, surveillance drones, medicare delivery drones, and more. These patents establish Garuda Aerospace as a global leader in drone technology and will help drive India's emergence as a drone hub. The company plans to expand operations into developed countries with stringent standards and regulations.
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From vision to innovation: How Vector Technics is impacting India’s drone landscape
YourStory
·
1y ago
Medial
Indian company Vector Technics is aiming to bridge the gap in the drone industry by providing indigenous components that meet global standards. The company specialises in developing drone propulsion systems, including brushless DC motors, electronic speed controllers, propellers, and power distribution systems. Vector Technics aims to offer holistic, homegrown solutions for drone technology, focusing on reliability, repairability, and efficiency. The company's goal is not only to serve the Indian market but also to position itself as a global player in the drone industry.
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