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Corporate

FREE-AI Committee Report: RBI directions on implementation of AI in financial services

Submitted by yvonne on Thu, 08/28/2025 - 13:33

In light of increasing interest in Artificial Intelligence (AI) usage in myriad industries, including the financial sector, the Reserve Bank of India (RBI) recently released its report on the ‘Framework for Responsible and Ethical Enablement of AI’ (FREE-AI).

Impetus to GCCs in India: Uttar Pradesh releases its final GCC Policy

Submitted by yvonne on Wed, 06/11/2025 - 15:11

Following states such as Karnataka and Andhra Pradesh in the race to entice multi-national corporations to establish Global Capability Centres (GCCs) in their states, the Government of Uttar Pradesh through a notification dated 7 May 2025, has given effect to the ‘Uttar Pradesh Global Capability Centres Policy 2024’ (Policy), a copy of which has now been published on the official website of Invest UP, Government of Uttar Pradesh, India.