STANDARDISATION
How GenAI is opening up new revenue streams for IT firms and GCCs
The rise of generative AI (GenAI) presents an opportunity for IT firms to unlock new revenue streams. Companies like Accenture, Infosys, and Tech Mahindra, alongside global capabilities centers (GCCs), are seeing a surge in data standardisation work. This is driven by the vast amount of "uncleaned/unstructured" data held by their clients and parent companies.
Don’t kill jalebis & rasgullas in nutrition overdrive
The piece questions whether a state agency like the National Institute of Nutrition should dictate the content of traditional foods, arguing that standardization could strip away the diversity and richness of culinary heritage. It critiques the reliance on research, often influenced by corporate interests, to determine what is considered healthy or unhealthy. The author highlights contradictions in health advice, citing examples like conflicting views on diabetes management.
India among the world’s first to standardise ESG disclosures; new SEBI measures to improve transparency: ESGDS’ Ramnath Iyer
India’s ESG investments have grown from $330 million in 2019 to $1.3 billion in 2023, and consumers are increasingly favouring socially conscious brands, says Ramnath Iyer.
Prospects of standardisation of rates drags hospital stocks
Shares slip 2-7% Rich valuations enjoyed by these cos may come under pressure with rise in volatility, say market participants
Private hospitals say standardising rates will be catastrophic for sector
Private hospitals express apprehensions over Supreme Court intervention to curb charges. There is wide variation in treatment cost between government and private healthcare facilities. Association of Healthcare Providers has raised concerns and urged Health Ministry to address the categorisation of establishments.
India set to standardise 'know your customer' banking checks
India's financial stability panel aims to standardize customer verification processes across the financial sector to curb illegal lending through online applications. The plan, discussed at a meeting of the Financial Stability and Development Council, seeks to ensure uniformity in Know Your Customer (KYC) norms. This move follows regulatory action against Paytm Payments Bank for non-compliance. The panel also addressed measures to prevent the negative impacts of illegal online lending apps, which have surged during the COVID-19 pandemic.
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China issues draft guidelines for standardising AI industry
The draft proposes to form more than 50 national and industry-wide standards for AI by 2026. It also said China aimed to participate in forming more than 20 international standards for AI by that time.
DoT's M2M and internet of things open registration to help standardisation, say experts
Going forward, artificial intelligence (AI) will also play a crucial role in amplifying capabilities of M2M systems, including prediction of security breaches. Currently, the M2M/IoT industry is operating with several separate standards and with growing types of devices, interoperability is becoming an issue. The telcos, however, are still waiting for the government to define critical M2M/IoT services, which, they say should only be given through licensed spectrum.
Battery Swapping Policy: Why Indian startups do not want to standardise EV batteries
The startups involved in battery swapping have accused that the proposed standards in the policy draft favour one particular industry player. Amid these accusations, there has been much back-and-forth, with one battery swapping company saying that at the last meeting of stakeholders, the ministry of heavy industries had assured everyone of juking the standardisation requirement.
EV makers of the world, unite. It is time to ‘plug’ the differences
The issue of non-standardisation of charger connectors is becoming an issue that cannot be ignored anymore if the government wants more Indians to buy electric vehicles.
Amfi asks fund houses to use standardised returns for illustrations
“SEBI had observed that some of the Asset Management Companies (AMCs) were indulging in practices relating to advertisements, which were not in compliance with letter and spirit of the provisions with the Advertisement Code prescribed in SEBI (Mutual Funds) Regulations, 1996,” said AMFI Best Practice Guidelines circular.
Distributors seek standardisation of packs; say smaller, lower unit price packages create confusion
Recently, several companies introduced various new SKUs (Stock Keeping Units) with lower unit prices aimed at catering to the rural market, which in turn is creating "price confusion" among the consumer and is posing "inventory management challenges," AICPDF said in a statement. "The difference in per-gram pricing among the numerous SKUs within the same price bracket has become a significant issue, as it often leads to consumer confusion," AICPDF President Dhairyashil Patil said.
Trai mandates standardised CAS, SMS to tackle piracy
The Telecom Regulatory Authority of India (Trai) has directed all distribution platform operators (DPOs) to ensure compliance with the interconnection regulations by deploying a standardised conditional access system and subscriber management system. Only systems that comply with regulations certified by the Telecommunication Engineering Centre (TEC) will be permitted.
Battery swapping policy stalls as cos oppose standardisation
Finance minister Nirmala Sitharaman had first mentioned a battery swapping scheme in her budget speech in February 2022 and a draft policy was soon released by the Niti Aayog in April that year.
Trade Preference: Plan to standardise format
At present, clients have to give separate authorisation in case they want to trade on different stock exchange for the same segment or on different segment.
SEBI standardises provisions for valuation of Alternative Investment Funds
Changes were made in rules governing certification requirements for key employees of Investment Manager, transactions with associates, and option to sell unliquidated investments to a new scheme of the AIF.
IRDAI mandates creation of new standardised cover for mental illnesses; will it be easier buy insurance now?
On 27 February this year, the insurance regulator issued a circular to all general and standalone health insurers to ‘mandatorily launch and immediately offer’ an ‘appropriate product’ and a ‘specific cover’ for persons with mental illnesses, disabilities and HIV/AIDS.
India 3rd largest country for Nokia for engagement in 6G standardisation: Nishant Batra
Nokia India sales increased by 25 per cent in the December 2022 quarter to 1.29 billion euros from 1.03 billion euros a year ago. India was the second latest market for Nokia during the December 2022 quarter on account of rapid rollout of the 5G network.
Budget 2023 should rationalise, standardise capital gains tax, and re-index its long-term benefits
Rationalising and standardising tax rules for capital gains by streamlining the holding period, unifying tax rates across various asset classes, and re-indexing the assessment of long-term capital gains would supplement the government’s other taxpayer-friendly initiatives and improve compliance further.
Sebi mulls standardised approach to valuation of AIF investment portfolios
At present, AIF regulations focus on disclosures to investors regarding the valuation of investments and presently do not prescribe any guidelines.
Sebi mulls standardised approach to valuation of investment portfolio of AIFs
As such, managers of AIFs have flexibility to adopt any valuation methodology by disclosing the same to investors in Private Placement Memorandums (PPMs) of schemes of AIFs managed by them.Currently, the modalities relating to valuation of investment portfolio of the AIFs are not disclosed in the PPMs at the time of submission to Sebi and also not reported to the regulator subsequently.
Credit rating agencies: Sebi extends deadline for standardised framework implementation
In view of representations received from credit rating agencies, it has been decided to extend the date of applicability of the standardised industry classification till December 15, the Securities and Exchange Board of India (Sebi) said in a circular.
Sebi issues guidelines to standardise CRAs' rating scales
According to Sebi, 'rating outlook' indicates CRA's view on the expected direction of the rating movement in the near to medium term, whereas a 'rating watch' indicates a CRA's view on the expected direction of the rating movement in the short term. CRA will have to assign a rating outlook and disclose the same in the press release. Also, the regulator has specified standard descriptors for rating watch and rating outlook.
Our products not behind Gambia deaths: Maiden Pharmaceuticals MD
Naresh Goyal, managing director of Maiden Pharmaceuticals - which is in the dock for allegedly causing deaths of 66 children in The Gambia-on Tuesday claimed his products had nothing to do with the deaths.
Credit card purchases of guns are now trackable
So, guns bought through credit cards will now be trackable and 'suspicious purchases' be brought to the notice of law authorities. Many favouring 'gun control' (sic) in the US, a country along with others like Afghanistan, where many states allow over-the-counter purchases of guns without much hassle, have welcomed this 'check and balance'. Our reaction: people can buy guns using their credit cards there?! Cultural relativism, it seems, flows from the barrel of a gun.
Transport Ministry standardises international driving permit process
“Currently, the format, size, pattern, colour etc. of the IDP being issued was differing across States in India. Due to this, many citizens were facing difficulties with their respective IDP in foreign countries,” an official statement said.
Transport Ministry standardises process for issuing international driving permit
The ministry in a notification on Monday said the provision for QR code to link international driving permit (IDP) with the driving licence has also been made. Currently, the format, size, pattern, colour etc of IDP being issued differ across states in India. Due to this, many citizens face difficulties with their respective IDPs in foreign countries.
Before you apply for graduate courses in the US, know about the GRE
Through the GRE General Test, you will be evaluated on your analytical writing, quantitative ability, and verbal reasoning skills. The GRE Subject Test evaluates your ability on a particular subject. GRE Subject Tests are only available for Chemistry, Mathematics, Physics and Psychology.
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