Tag: RBI
ASML to Cut Around 1,700 Jobs in AI‑Driven Reorganisation
ASML, the Dutch semiconductor‑equipment giant that holds a near‑monopoly on advanced lithography tools used to manufacture cutting‑edge chips, is planning to cut roughly 1,700 jobs, or about 4 per cent of its 44,000‑person workforce. The move was announced in January alongside the company’s record full‑year revenue of €32.7 billion and signals a major internal reorganisation aimed at streamlining operations even as demand for advanced...
MeitY Proposes Continuous Labelling for AI‑Generated Content
The Ministry of Electronics and Information Technology (MeitY) has proposed that all content generated with the help of artificial intelligence carry a continuous and clearly visible label alerting users that the material has been synthetically created. The draft amendment to the Information Technology Rules (Intermediary Guidelines and Digital Media Ethics Code), 2021 requires that the labelling must remain on display for the entire duration...
RBI Forms Expert Committee to Establish Ethical AI Framework for Financial Sector
In a significant move to ensure responsible and ethical adoption of Artificial Intelligence (AI) in India’s financial sector, the Reserve Bank of India (RBI)...
Reserve Bank of India Moves 100 Metric Tonnes of Gold Reserves to India
The Reserve Bank of India (RBI) has transferred 100 metric tonnes of its gold reserves from the United Kingdom to domestic vaults. This significant...
RBI Opens Doors for Multiple Self-Regulatory Organisations in Fintech Industry
With the Reserve Bank of India (RBI) opening the door for multiple self-regulatory organisations (SROs), various entities are gearing up to seek approval for...
