ACCESSIBILITY AUDITS
National Housing Bank likely to double affordable housing outlay for HFCs this fiscal
National Housing Bank plans to double the refinance and affordable housing funds for large housing finance companies. These funds will be available to companies seeking long-term and cheaper financing options. LIC Housing Finance, Bajaj Housing Finance, and others are likely to benefit from this increase. The funding is expected to help reduce reliance on banks while promoting growth in housing loans.
"Modified Form 6 not approved by us": CJI observes on modified form for enrolling new voters
The Supreme Court asserted that it has not approved any modified version of Form 6 for voter enrollment. During a hearing, Chief Justice Surya Kant emphasized the importance of verifying who modified the form. Allegations against Chief Election Commissioner Gyanesh Kumar were also discussed, claiming he misrepresented court proceedings. The petition argued that the Election Commission's decisions should be made collectively, not unilaterally.
UK raises illegal work fines to £60,000: Indian gig workers, students and tech firms face stricter right-to-work checks
The UK government has increased the fines for illegal working and made it tougher for gig platforms and subcontractors. This change impacts Indian students, migrant workers, IT companies, and other businesses by enforcing stricter checks on work rights and pushing for more use of digital immigration records. Showing a big shift in immigration policy.
Anthropic enables local inferencing in India for Claude AI via Amazon Bedrock
Claude Opus 5, Sonnet 5, and Haiku 4.5 are now available with in-country inference through an India endpoint on Amazon Bedrock, the company said on Monday.
Audit rotation boom puts Big Four under sharper scrutiny
India’s audit rotation cycle is prompting companies to scrutinise prospective auditors far beyond credentials, examining team stability, sector expertise, regulatory records, technology capabilities and conflicts involving non-audit services. With over 1,000 mandates expiring in FY27, audit committees are demanding greater detail on partner continuity, independence and the value firms can deliver.
Anthropic's Claude can now process AI requests locally in India through Amazon Bedrock
Anthropic has launched its Claude AI models in India for local processing through Amazon Bedrock. This development addresses data residency concerns for banks, government institutions, and large enterprises. Companies, including TCS and Kotak Bank, expressed support and enthusiasm for local AI inference.
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National Housing Bank set to conduct forensic audit of SRG Housing Finance
Amid growing concerns over dubious lending practices, the National Housing Bank has initiated a forensic audit of SRG Housing Finance. This scrutiny will investigate allegations of fictitious loans, including unsupported accounts and discrepancies in repayment records. Auditors will delve into consumer data and loan origination processes to uncover any fraudulent activity, building on earlier findings that flagged possible fictitious loans ranging from ₹300 to ₹400 crore.
India needs its own AI safety framework, not a copy of US pact: Industry experts
India should build its own artificial intelligence (AI) safety framework suited to its languages, scale, and application-led AI ecosystem rather than replicate a voluntary pact signed by US President Donald Trump and top technology firms last week, industry experts said.
India needs its own AI safety framework, not a copy of US pact: Industry experts
Industry experts say India should develop an AI safety framework tailored to its own languages, scale and application-driven ecosystem rather than simply copy the voluntary US pact signed by major tech firms. While there is broad support for independent audits, accountability and safeguards against deepfakes and cyberattacks, experts differ on whether India should rely mainly on self-regulation or combine voluntary standards with binding rules.
Trump has just fired the starting gun on a new Cold War with China
The US-China AI race is increasingly taking on the character of a Cold War-style strategic contest, with artificial intelligence becoming linked to economic power, military capability, national security and technological leadership.
CBAM can help India build a greener, competitive export sector
The EU's Carbon Border Adjustment Mechanism is set to reshape global trade dynamics by prioritizing carbon intensity. Indian exporters must strategize for compliance that extends beyond the current focus on iron and steel. The Indian government is actively supporting small and medium enterprises in achieving these new sustainability benchmarks. To navigate this transition successfully, enhanced funding for carbon accounting and technological advancements is essential.
Karnataka flags 52x mark-up on cancer drugs, seeks Centre's intervention
Karnataka conducted inspections revealing significant price disparities between hospital procurement and patient billing for cancer drugs and medical devices. The state government has urged the Centre to implement transparency in pricing and regulate trade margins for essential medicines. Mark-ups observed ranged from 10 to over 52 times the actual procurement costs for various items.
WhatsApp changes for parents: New controls let you track teen group activity, manage privacy settings & limit Meta AI, without seeing chats
WhatsApp web: WhatsApp has introduced optional parental controls for teenagers, giving parents more control over privacy settings, group activity, Channels and Meta AI. The new features allow parents to set boundaries while keeping teens’ personal messages and calls protected by end-to-end encryption. WhatsApp said the controls will be rolled out gradually and can be changed or disabled at any time.
Booked but no ticket, money debited? Delhi HC seeks Railways, IRCTC response on plea seeking audit of online reservation system
The Delhi High Court on Wednesday sought the stand of the Ministry of Railways and the Indian Railway Catering and Tourism Corporation (IRCTC) on a Public Interest Litigation seeking an independent audit of the online railway ticket reservation system over alleged technical failures and possible unfair access to available tickets.
Explained: What is a public benefit corporation, the Anthropic legal structure?
AI lab Anthropic, the developer of Claude, is planning one of the biggest IPOs in history as a public benefit corporation, a legal structure that
Do banks report deposits over $10,000 to the IRS? What really happens when you cross the cash reporting threshold
A cash deposit exceeding $10,000 in a single day triggers an automatic report to the federal government. Financial institutions do not make this decision based on suspicion or branch policy. The Bank Secrecy Act mandates it. When an individual or business deposits large sums of physical currency, the bank must file a Currency Transaction Report (CTR), specifically FinCEN Form 104, alongside IRS Form 8300.
AI-powered digital accessibility: Combining automation with human expertise
As digital experiences expand across websites, documents, videos, and multiple languages, accessibility can no longer remain a one-time compliance exercise. AI automation combined with human expertise is helping organisations make inclusion continuous, scalable, and easier to manage.
200 AI agents, humans on standby: Inside Ignosis AI’s debt-collection operation
The Ahmedabad-based startup says its agents manage collections for four to five lakh borrowers a month and handle 70-80% of cases without human intervention.
Anthropic, OpenAI sound alarm on AI safety — and seek to shape how it's controlled
The CEOs of Anthropic and OpenAI recently declared America's cutting-edge models are so powerful, they're dangerous, and need to be regulated and independently tested before being released. In a rare instance of unity, they have sketched alarming scenarios in essays, social media posts and speeches to the United Nations.
After NEET paper leak, NTA tightens security at new office: 39 CISF personnel deployed, confidential areas under strict monitoring
Following concerns over the NEET-UG paper leak incident, the National Testing Agency has relocated to a new office designed with enhanced security features. The Central Industrial Security Force (CISF) is now in charge of maintaining strict access control. Additionally, the building's sensitive areas will be monitored closely to avert future leaks.
USPS ships pallets of groceries to 100-plus Alaskan villages by air; an Inspector General report says it moved 87 million pounds in one year and recovered 29 cents per dollar
In Alaska, the Bypass Mail program is crucial for supplying isolated communities that lack road access. Each year, it transports millions of pounds of essential items like groceries and household goods. Despite facing significant financial hurdles with a mere 29 percent recovery rate, this program keeps vital supplies affordable and available. It fosters essential links for many Alaskans who rely on air transport for their everyday needs.
Nobody at Zeta writes code the old way anymore: co-founder Ramki Gaddipati
AI agents now generate, test and review code before humans approve it; Zeta says AI has lifted productivity by 30-40% and cut the number of people it needs for client delivery by more than half.
National Traders’ Welfare Board pushes centralised loan portal, faster MSME credit
The Board called for stronger coordination between the Centre and states to address issues faced by traders and improve the implementation of welfare and business-related measures.
Motilal Oswal group gets SEBI custodian licence to start operations from Q4
Motilal Oswal Financial Services’ wholly owned subsidiary MOCSPL has received SEBI approval to operate as a securities custodian, expanding the group’s institutional offerings ahead of its planned operations in the last quarter of 2026.
Explained: Why PB Fintech, Turtlemint, SBI Life, HDFC Life and other insurance stocks tanked up to 26% on Thursday
IRDAI has proposed insurance distribution reforms, including a ban on dark patterns, lower Expense of Management limits and greater commission transparency. The changes could affect customer acquisition costs and distribution economics for insurers and insurance platforms.
Irdai proposes ban on insurance website ‘dark patterns’, seeks lower distribution costs
Irdai proposes prohibiting dark patterns on insurance websites that require personal details to access information. The reforms aim to improve transparency and make insurance distribution more customer-centric. A new framework categorizing distribution entities is also suggested to simplify the existing structure. Proposed changes include reducing Expense of Management limits for life and general insurers to lower costs.
BRICS economies must shape global tax rules for next generation, says FM Sitharaman
Finance Minister Nirmala Sitharaman said BRICS countries need to ensure their views are reflected in the new global tax rules, as decisions taken in the next few years could shape cross-border taxation for a generation.
Autonomous agents not ready for independent responsibility, says Google cybersecurity expert
His comment comes in the wake of reports that Google’s Gemini model recently accessed the systems of three companies during a test of its cybersecurity capabilities, after autonomously finding publicly available credentials and guessing passwords.
Enterprises debate final shield they must deploy to stop rogue AI
With AI agents now capable of accessing systems, moving across digital environments and communicating with other agents, a bigger question is emerging for enterprises: Are they prepared for software that can make decisions, delegate tasks, act on its own and, in some cases, end up attacking their systems?
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