India’s Fight Against Deepfakes: IT Ministry’s Crucial Meetings with Social Media Giants
On November 23 and 24, Information Technology (IT) Minister Ashwini Vaishnaw and Minister of State for IT Rajeev Chandrasekhar held meetings with social media companies. These meetings focused on discussing the issue of deepfakes and the potential harm they pose to society.
Aviation’s Eco Revolution: India’s SAF Blending Initiative Begins in 2027
The government plans to start with a 1% SAF blending target in 2027, which will initially apply to international flights. This target is set to double to 2% in 2028.
ED Issues Show-Cause to BYJU’S: Exploring the Alleged Rs 9.3K Crore FEMA Violations
These notices came after a comprehensive investigation by the ED, which found several contraventions of FEMA provisions amounting to Rs 9,362.35 crore (about USD 1.2 billion).
SEBI Sets New Milestones: One-Hour Settlement by 2024, Instant Settlement by 2025
The regulator has announced plans to implement a one-hour trade settlement by March 2024 and aims to introduce instantaneous settlement by October 2024. This marks a progressive shift from the current T+1 settlement cycle, where trades are settled one day after the transaction.
SEBI Halves Minimum Issue Size on SSE to Rs 50 Lakh: Boosting NPO Fundraising
SEBI has announced a 50% reduction in the minimum issue size for NPOs fundraising on the SSE, bringing it down from Rs 1 crore to Rs 50 lakh. This applies to the public issuance of Zero Coupon Zero Principal Instruments (ZCZP).
India’s Fiscal Strategy: Rs 30,000 Crore Government Securities Auction Set for December 1
The Indian government has planned to auction government securities valued at Rs 30,000 crore on December 1, 2023, as part of its borrowing program to meet funding needs.
Empowering Uber’s Driver Partners: The Launch of Uber Pro in India
Uber Pro is structured around four tiers: Blue, Gold, Platinum, and Diamond, with Diamond being the highest. Drivers start at the Blue tier and can progress to higher tiers by earning points from completed trips and meeting specific performance criteria, such as maintaining high app ratings and minimizing trip cancellations.
November 26: Marking India’s White Revolution and National Milk Day
In recognition of these achievements and to honor Dr. Kurien’s contribution, India celebrates National Milk Day on November 26 each year. This day commemorates Dr. Kurien’s birth anniversary and has been observed since 2014.
India’s Mobile Manufacturing Milestone: 99.2% Made in India
This growth is reflected in the significant decrease in import dependency; from being 78% import-dependent in 2014, India has achieved a remarkable milestone where 99.2% of all mobiles sold in the country in 2023 are ‘Made in India’.
From Rejection to Approval: Zaakpay’s Journey to Becoming an RBI-Approved Payment Aggregator
Zaakpay’s journey to obtain this approval was challenging and spanned over two years. MobiKwik initially applied for the PA license for Zaakpay in 2021, but the application was denied by the RBI.