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Bill to provide up to four nominees to a bank account introduced in Lok Sabha
Another proposed change relates to redefining 'substantial interest' for directorships, which could…
PTI
Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended
The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…
ANI
More and more big companies say AI regulation is a business risk
Some of the biggest names in AI, including Sam Altman, have called for AI regulation. But companies…
Lloyd Lee
RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…
ANI
Govt. offers relief on long-term capital gains for real estate, allows investors to choose between old and new LTCG regime
Indexation allowed investors to factor in the impact of inflation on their investment over the year…
Anthropic says it is closer to backing California's AI bill after lawmakers made some fixes. Here's what changed.
Anthropic says the benefits of California's AI bill now "outweigh its costs." But it still has some…
Lakshmi Varanasi
Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.
Consumers defrauded while using Zelle or other peer-to-peer payment apps might have increased reimb…
John Towfighi
Crypto tax amendment fails to pass in the Senate despite last-minute compromise in infrastructure bill
The crypto tax reporting amendment, which clarifies who is impacted by the new rules, failed to pas…
Sophie Kiderlin
INTERVIEW: Old-school regulatory framework for traditional assets won’t work for cryptocurrencies and blockchain, says CrossTower CEO
CrossTower estimates that the crypto industry can add $1.1 trillion to India’s economy over the nex…
A new California law regulating online content moderation will force X to reveal how it reviews hate speech
After Elon Musk's X failed suit over California's AB587 citing free speech concerns, the site will …
Katherine Tangalakis-Lippert
White House backs senators in debate over the need for tougher crypto regulations with a surprise statement
The White House's surprise statement came as senators debated crypto regulation as part of the bipa…
Sophie Kiderlin
Amendments to competition law likely in Budget session
A bill to amend the competition law was introduced in Parliament on August 5 last year and was late…
PTI
New Florida bill lets parents sue social media companies for $10K for failing to remove the account of a child under 14
Ron DeSantis signed a bill allowing parents to sue social media companies for not promptly deleting…
Ana Altchek
New guidelines on recurring payments may send SaaS companies out of India, say experts
Before getting into this, it is important to understand what the guidelines really say. The Rese…
From Netflix and Hotstar to Airtel to Jio bills, brace for surprises as RBI’s guidelines on auto-debit transactions kick in from October 1
Starting October, users will need to re-authenticate their net banking/card/unified payments in…
Crypto FAQs answered — everything you need to know about crypto regulations, trading, taxes and CBDC in India
So far, the legality of cryptocurrencies in India have been more or less grey. The country act…