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News on Medial
Govt Floats Draft Norms To Curb Unsolicited Business Calls
Inc42
·
1y ago
Medial
The draft norms guidelines for business communication have been made open for public feedback until July 21. These proposed rules aim to define business communication and prohibit any communication that is carried out without the consent of the end-users. A directive was issued by TRAI in November 2023, instructing commercial entities to obtain user consent before sending unsolicited marketing messages and making pesky calls.
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IRDAI Floats Draft Regulations For Insurance Electronic Marketplace Bima Sugam
Inc42
·
1y ago
Medial
The Insurance Regulatory and Development Authority of India (IRDAI) has issued draft regulations for Bima Sugam, a digital public infrastructure that aims to promote transparency, collaboration, and technological innovation in the insurance sector. Bima Sugam will be a not-for-profit company and its shareholding will be widely held among insurers, with no single entity having a controlling stake. The deadline for comments on the proposed norms is March 4. The platform seeks to empower policyholders, increase insurance penetration, and enhance availability, accessibility, and affordability.
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Trai moves to rein in spam calls with new digital consent rule
Livemint
·
1m ago
Medial
The Telecom Regulatory Authority of India (TRAI) is launching a three-month pilot project requiring digital consent for promotional calls and texts. This initiative, involving telecom operators and banks, aims to enhance consumer control over marketing communications and significantly reduce unwanted spam. It addresses ongoing consumer issues with unsolicited calls and messages, particularly from sectors like banking and real estate, and aligns with upcoming digital personal data protection regulations.
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TRAI Unveils AI-Powered Consent Platform to Tackle Spam Calls and Protect Users
StartupTalky
·
1m ago
Medial
The Telecom Regulatory Authority of India (TRAI) has launched a pilot project to reduce spam calls via an AI-powered digital consent management system. Initially focusing on the banking sector, the initiative aims to ensure compliance with regulatory frameworks and gradually expand to other industries. By enhancing consumer protection and trust in commercial communications, this system targets verifiable consent acquisition, combating unsolicited calls and potential fraud. Recent measures include complaint facilitation against unregistered telemarketers and potential fines for regulatory breaches.
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Fair representation, transparent contracts: Gig workers' suggestions on Karnataka draft bill
YourStory
·
1y ago
Medial
Various organizations, including IFAT and Vidhi Centre for Legal Policy, have submitted suggestions to the Karnataka government for the draft Karnataka Platform Based Gig Workers (Social Security and Welfare) Bill, 2024. The joint submission emphasizes the inclusion of platform worker representatives on the Gig Workers Tripartite Welfare Board, calls for tighter registration norms, fair contracts between aggregators and gig workers, and income security measures. The submission also proposes a welfare fee for gig workers, to be covered by aggregators or customers. The bill aims to protect gig workers' rights and provide dispute resolution mechanisms.
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Govt Working With Google Pay, Paytm To Block Real-Time Payments Fraud: Report Govt Working With Google Pay, Paytm To Block Real-Time Payments Fraud: Report
Inc42
·
1m ago
Medial
The Indian government is collaborating with third-party UPI apps such as Google Pay, PhonePe, and Paytm to enhance safety measures for real-time transaction fraud detection. This initiative aims to curb fraudulent transactions, particularly targeting scams affecting users with lower digital literacy. The measures may involve introducing minor delays and issuing fraud alerts to protect users from fraudulent peer-to-peer (P2P) and person-to-business (P2B) transactions.
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Elon Musk's X wants to stop showing headlines on news articles. Here's why
Livemint
·
1y ago
Medial
Elon Musk's social media platform X (formerly Twitter) plans to remove headlines from news articles to encourage more engaging posts. Musk also calls on journalists to publish directly on the platform for more income. The move aims to reduce the height of tweets and curb clickbait.
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RBI proposes easing business authorisation norms for urban cooperative banks
Economic Times
·
4d ago
Medial
The Reserve Bank of India (RBI) proposed new guidelines for urban cooperative banks (UCBs) to replace current norms, suggesting a harmonized eligibility criteria for business authorizations. UCBs complying with the criteria and having a net worth of Rs 50 crore may expand operations beyond their registered state, subject to RBI approval. They can operate in two states per year, provided they have capital for five branches in each. Comments on these draft guidelines are invited until August 2025.
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SEBI Leveraging AI For Initial Scrutiny Of IPO Papers: Ananth Narayan
Inc42
·
1y ago
Medial
SEBI, the Securities and Exchange Board of India, is utilizing artificial intelligence (AI) for the initial scrutiny of draft red herring prospectuses (DRHPs). The regulatory body finds AI beneficial for vetting publicly available documents, while an in-house machine learning language module is needed for private documents. SEBI is looking to bring fintech firms under market norms and is proposing relaxation in norms for alternative investment funds and venture capital funds dealing with unliquidated investments.
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UAE rule, wary I-T to deter dodgy crypto deals
Economic Times
·
1m ago
Medial
India's Income Tax department is scrutinizing real estate transactions suspected to be funded through cryptocurrencies. Meanwhile, the UAE is implementing new regulations to curb crypto-based purchases, allowing only stablecoins converted by licensed entities under strict KYC norms. These moves, part of broader efforts to combat money laundering and ensure tax compliance, aim to increase transparency and traceability in digital financial flows, impacting Indian investors engaging in the UAE's economy.
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US agency declares AI cloned voice robocalls illegal
Reuters
·
1y ago
Medial
The Federal Communications Commission (FCC) has declared calls made with AI-generated voices illegal after a fake robocall imitated President Joe Biden, attempting to discourage people from voting for him in New Hampshire's Democratic primary election. The ruling enables state attorneys general to take action against the perpetrators of such robocalls. This decision comes as a response to the use of generative AI in unsolicited robocalls to extort vulnerable individuals, impersonate celebrities, and misinform voters. The FCC emphasized that the use of AI to generate robocall voices is now considered illegal.
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