Artificial Intelligence ( AI )

Telecommunication Engineering Centre (TEC) initiates fairness assessment of Artificial Intelligence/ Machine Learning Systems to build public trust (Feb 25, 2022)

Telecommunication Engineering Centre (TEC), the technical arm of DoT has invited inputs for developing a framework for fairness assessment of Artificial Intelligence (AI)/ Machine Learning (ML) Systems with the aim of building public trust in AI/ ML Systems.Artificial Intelligence and Machine Learning applications are increasingly being used in all domains such as Healthcare, Agriculture, Smart Cities, Smart Homes, Finance, Defence, Transport, Logistics, Natural Language Processing, Surveillance, and so on. Various Government Organisations are also using AI/ ML Systems for delivery of public services and e-governance.


Ministry of Corporate Affairs

MCA to enter all complaints against cos in electronic registry; seeks to curb possible unauthentic communications (Feb 27, 2022)

In efforts to curb possible instances of unauthentic communications targeting stakeholders, the Ministry of Corporate Affairs has directed Registrars of Companies and Regional Directors to enter all complaints received against companies and LLPs in the ministry's electronic registry.
Once the details are entered in the electronic registry MCA21, then a Service Request Number (SRN) is generated for the particular complaint and going forward, the same will be used in all communications related to that case.The ministry has informed all stakeholders that Registrars of Companies (RoCs) and Regional Directors (RDs) at all locations have been directed to enter all cases of complaints against companies and LLPs, inspections, inquiries, investigations and prosecutions in the MCA21 before issuing any letter, notice or order.



SEBI

Madhabi Puri Buch appointed as SEBI chairperson (Feb 28,2022)

Madhabi Puri Buch has been named the chairperson of Securities and Exchange Board of India (SEBI), the first woman to head the capital market regulator as the tenure of incumbent Ajay Tyagi ends on February 28.
Madhabi Puri Buch, a former SEBI Whole Time Member, was previously nominated to lead a new technology committee set up by the market regulator.She was not only the first woman as WTM of SEBI, but also the first person from the private sector as well. She started her career with ICICI Bank, went on to become MD and CEO at ICICI Securities from Feb 2009 to May 2011.



RBI

RBI may conduct VRR auctions in March (Feb 27, 2022)

The Reserve Bank of India (RBI) may conduct a series of Variable Rate Repo (VRR) auctions for the better part of March, to deal with possible liquidity outflows from the banking system arising from banks participating in a scheduled forex swap, reversal of a forex swap conducted three years back, and enhanced Treasury Bill auctions, among others. 



Business Ethics and Governance

Ashneer Grover loses arbitration against governance review at BharatPe (Feb 27, 2022)

BharatPe co-founder and managing director Ashneer Grover has lost an arbitration that he had filed against the company’s investigation against him, with an emergency arbitrator holding that there was no ground to stop governance review at the fintech firm, sources said.



Market Today ( 28.02.2022 )

BSE Sensex                 56247.28 (+388.76)
Nifty 50                        16793.90 (+135.50)

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