The newly introduced Income Tax Bill, 2025 (New IT Bill) enables tax authorities to access virtual digital space—such as emails, social media accounts, and online financial platforms—when there is suspicion of tax evasion or when an individual is believed to hold undisclosed income or property and denies access to relevant information.

The taxonomy of AI-related crimes is classified into two key categories: ‘AI as a Tool’ for crimes and ‘AI as a Target’ of crimes. This classification helps understand the dual roles AI plays in cybersecurity—both as an enabler of crime and a vulnerable entity itself.

As AI technologies advance, global discussions on AI safety have led to the creation of AISIs—dedicated hubs for research, policy guidance, and risk mitigation. Learn about their key functions, international collaboration efforts, and how they contribute to building trustworthy and secure AI systems.

On May 30, 2024, the RBI introduced a self-regulatory framework for the Fintech sector, enabling Fintech entities to form and join Self-Regulatory Organisations (SROs). Aimed at enhancing compliance and standardization, this framework highlights the RBI's approach to governing innovation in India’s financial landscape.