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19th Internet Governance Forum Concludes in Riyadh, Emphasizing Inclusive AI and Digital Innovation

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The 19th Internet Governance Forum (IGF), organized by the United Nations, concluded its sessions in Riyadh, Saudi Arabia, bringing together experts, stakeholders, and officials from approximately 160 countries. The forum, themed “Building Our Multistakeholder Digital Future,” focused on pivotal topics such as artificial intelligence (AI) and digital innovation. A significant highlight was the emphasis on making AI more representative and inclusive, particularly concerning African languages. Professor Vukosi Marivate, Associate Professor at the University of Pretoria and ABSA Chair of Data Science, underscored the challenges faced by many global communities whose languages are underrepresented in AI systems. He noted that the lack of data and computational resources hampers the development of AI that truly reflects these populations. Marivate stressed the importance of developing AI systems that accommodate African languages, enabling individuals to interact with technology in their native tongues. He illustrated this with scenarios in healthcare, where patients and health workers could communicate more effectively using AI tools tailored to their linguistic needs. This approach would reduce the need for translations into dominant languages like English or French, thereby preserving the nuances of native expressions and improving service delivery. By hosting the IGF, Riyadh demonstrated Saudi Arabia’s commitment to positioning itself as a global leader in digital innovation. The event facilitated discussions on international policies and trends in internet governance, fostering collaboration among nations to shape an inclusive and equitable digital future. The forum’s outcomes are expected to influence global digital policies, ensuring that technological advancements, particularly in AI, are developed with inclusivity at their core, reflecting the diverse linguistic and cultural landscapes of all communities. Source: africanews Photo Credit: africanews

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Yogi Adityanath Hails Atal Bihari Vajpayee as Icon of Good Governance on 100th Birth Anniversary

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Uttar Pradesh Chief Minister Yogi Adityanath on Thursday hailed former Prime Minister Atal Bihari Vajpayee as an icon of good governance, emphasizing his pro-poor policies aimed at empowering marginalized communities. Yogi’s remarks were made during the inauguration of “Good Governance Week” at the Sangeet Natak Academy in Lucknow, a week-long event running until December 25 to commemorate Vajpayee’s 100th birth anniversary. The CM praised Vajpayee’s transformative leadership, which turned political instability into governance stability. He highlighted key policies such as the Antyodaya scheme, which sought to uplift the poor, deprived, and backward sections of society, and initiatives like the Pradhan Mantri Gramin Sadak Yojana and the Golden Quadrilateral that revolutionized India’s infrastructure. “This year marks the birth centenary of Atal Bihari Vajpayeeji, a great son of India. His vision of good governance continues to inspire the nation, including Uttar Pradesh, under the leadership of Prime Minister Narendra Modi,” Yogi said. He also noted Vajpayee’s strong connection to Uttar Pradesh, with the late leader representing Balrampur and Lucknow in Parliament. The CM emphasized that Vajpayee’s unblemished career spanned six decades in public service as a poet, journalist, and politician. The event also included exhibitions celebrating Vajpayee’s life, and various activities like essay writing, speeches, painting contests, and seminars in rural areas will take place during the week. Winners will be honored on December 25, followed by a poetry session inspired by Vajpayee’s works across districts, schools, and colleges. Source: Hindustan Times Photo Credit: Hindustan Times

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Arvind Kejriwal Launches The Delhi Model: A Blueprint of AAP’s Governance Philosophy

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Arvind Kejriwal, former Chief Minister of Delhi, unveiled a book titled The Delhi Model, which highlights the transformative governance strategies implemented by the Aam Aadmi Party (AAP). Kejriwal described the book as a testament to AAP’s innovative approach to politics and governance, emphasizing its role in addressing fundamental issues affecting ordinary citizens. A Vision for Transformation The book, authored by AAP member Jasmine Shah, combines data, narratives, and policy insights to explore the systemic reforms introduced under the AAP government. Kejriwal underscored that the book embodies both the Delhi governance model and AAP’s political ideology of Vyavastha Parivartan (systemic transformation). Tackling Everyday Challenges Kejriwal stressed the party’s focus on solving basic problems, ensuring access to: Quality education for children Affordable healthcare Relief during inflationary pressures Free electricity and water for households He highlighted how the government prioritized public welfare over privatization narratives. Criticizing earlier proposals for school privatization, he alleged that such plans were part of a broader land scam, targeting the prime locations of government schools for commercial use. Redefining Political Norms Kejriwal also addressed the AAP’s candidate selection process, noting that the party moved away from caste- and religion-based considerations. Instead, they focused on candidates’ performance and ability to deliver results, marking a shift in political dynamics. Author’s Perspective Expressing excitement about his first book, Jasmine Shah reflected on its significance: “This is a very special occasion: the launch of my first book. After writing just one, I can tell you — you need a really good reason to write a book.” Shah emphasized that the book serves as a reflection of the AAP’s governance philosophy and its mission to address critical issues affecting Delhi’s citizens. Education Reform and Land Use The book delves into broader discussions around education reform, particularly the potential misuse of land allocated for government schools. Kejriwal pointed out concerns over replacing schools with commercial structures, highlighting the party’s commitment to improving public education instead of privatizing it. A Governance Guide and Ideological Manifesto The Delhi Model stands as both an exploration of AAP’s governance initiatives and a reflection of its political ideology. Through the book, Kejriwal and Shah aim to offer insights into how AAP addressed fundamental issues, presenting a framework for governance that prioritizes the needs of citizens above all else. Source: oneindia Photo Credit: oneindia

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ADB Approves $600 Million Loan to Bangladesh for Economic Reforms

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The Asian Development Bank (ADB) has approved a $600 million policy-based loan (PBL) to Bangladesh to implement structural reforms aimed at improving economic management and governance. This package will focus on increasing domestic resource mobilization, enhancing the efficiency of public investments, promoting private sector development, and fostering transparency and accountability. “ADB’s PBL promptly responds to Bangladesh’s immediate development financing needs following the political transition. The reforms target improvements in economic management and governance as well as economic diversification and competitiveness,” said ADB Regional Lead Economist Aminur Rahman. With one of the world’s lowest tax-to-GDP ratios at 7.4%, Bangladesh faces significant revenue mobilization challenges. This program seeks to address them through key policy actions such as digitalization, rationalization of tax incentives, and measures to enhance taxpayer morale. The loan will also prioritize public investment efficiency through increased digitalization and promote private sector growth by streamlining regulations and creating a level playing field. The initiative includes over 130 online integrated services to simplify business operations and enhance foreign direct investment processes. Reforming state-owned enterprises and advancing governance performance monitoring are central to the program. Additionally, it emphasizes “whole of government” logistics reforms to reduce trade costs and encourage export diversification, critical for sustainable economic growth. ADB’s efforts align with its broader mission of fostering a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. Established in 1966, ADB is owned by 69 members, 49 of which are from the region, and remains committed to eradicating extreme poverty across Asia. This financial support underscores ADB’s collaboration with the International Monetary Fund, World Bank, and other development partners to drive economic transformation in Bangladesh. Source: ADB Org. Photo Credit: ADB Org.

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Andhra Pradesh Government Dissolves Waqf Board for Improved Governance

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The Andhra Pradesh government has officially dissolved the AP State Waqf Board, citing the need for better governance, safeguarding of Waqf properties, and enhancing operational efficiency. The move comes after the revocation of a government order (GO) issued on October 21, 2023, which had previously appointed three elected members and seven nominated members to the 11-member board. In a new order issued on Saturday, K Harshavardhan, Secretary to the Government, stated: “In the interest of maintaining good governance, protecting Waqf properties, and ensuring the smooth functioning of the Waqf Board, the government hereby withdraws GO MS No. 47 (which constituted the board) with immediate effect.” The decision follows concerns raised by the Chief Executive Officer of the AP State Waqf Board, who informed the government of the board’s prolonged non-functionality. Additionally, multiple writ petitions challenging the legality of the previous GO had been filed in the High Court, prompting the state to reconsider the board’s structure. The High Court’s observations in these petitions played a critical role in influencing the government’s decision to dissolve the board, the order added. This action underscores the state’s intent to address inefficiencies and legal ambiguities that have hindered the Waqf Board’s performance. It remains to be seen how the government will restructure the board to ensure better governance while addressing the legal and administrative concerns raised during this process. Source: Business Standard Photo Credit: Business Standard

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Cabinet Approves ₹8,232 Crore for 85 New Kendriya Vidyalayas and 28 Navodaya Vidyalayas

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The Indian government has approved a budget of ₹8,232 crore to establish 85 new Kendriya Vidyalayas (KVs) and 28 Navodaya Vidyalayas (NVs), a decision taken during the Cabinet Committee on Economic Affairs meeting chaired by Prime Minister Narendra Modi. The move is set to provide access to quality education for over 98,240 students across the country. Union Minister Ashwini Vaishnaw announced that this expansion marks a significant milestone in extending the reach of KVs and NVs, which are among the most sought-after schools in India due to their innovative teaching methods and excellent academic track records. The decision includes the creation of 5,388 direct permanent employment opportunities through new KVs, with each school employing approximately 63 staff members. An additional 33 posts will be created through the expansion of an existing KV in Shivamogga, Karnataka. Similarly, the 28 new NVs will provide direct employment to 1,316 individuals while accommodating 15,680 students, primarily from rural areas. Construction and related activities for the schools are also expected to generate numerous employment opportunities for skilled and unskilled workers, further boosting economic growth. Jammu and Kashmir will see the highest number of new KVs (13), followed by Madhya Pradesh with 11 and Rajasthan and Arunachal Pradesh with eight each. Among NVs, Telangana leads with seven new schools, followed by six in Assam. The initiative aligns with the National Education Policy (NEP) 2020, as nearly all new KVs and NVs will be designated as PM SHRI schools, serving as model institutions showcasing NEP implementation. Kendriya Vidyalayas cater primarily to children of Central Government employees, including defense and paramilitary personnel, while NVs focus on providing quality education to talented rural students. This expansion underscores the government’s commitment to making quality education accessible across urban and rural India. Source: Indian Expr Photo Credit: Indian Expressess

Cabinet Approves ₹8,232 Crore for 85 New Kendriya Vidyalayas and 28 Navodaya Vidyalayas Read More »

Banking Laws (Amendment) Bill Aims to Strengthen Governance and Enhance Customer Experience

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The Banking Laws (Amendment) Bill, 2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha, introduces significant reforms to enhance governance in the banking sector and improve customer convenience. The bill proposes 19 amendments across key legislations, including the Reserve Bank of India Act, 1934; the Banking Regulation Act, 1949; and acts governing the State Bank of India and public sector banks. Key changes aim to: Strengthen Governance: Improve audit quality, reporting consistency, and depositor protection. Enhance Customer Convenience: Allow account holders up to four nominees and redefine ‘substantial interest’ limits for directorships, raising the threshold from ₹5 lakh to ₹2 crore. Safeguard Investor Interests: Transfer unclaimed dividends, shares, and bond-related interests to the Investor Education and Protection Fund (IEPF) with provisions for claims or refunds. Sitharaman highlighted the evolving banking sector’s need for robust reforms. “These amendments will improve governance, safeguard investors, and provide enhanced customer convenience,” she said. For cooperative banks, the amendments increase director tenure from 8 to 10 years, align with constitutional reforms, and grant Central Cooperative Bank directors eligibility to serve on State Cooperative Bank boards. Additional proposals include: Auditor Remuneration Flexibility: Empowering banks to decide statutory auditor payments. Regulatory Compliance Simplification: Redefining reporting dates to the 15th and last day of every month, replacing the current second and fourth Fridays. These reforms are poised to ensure better protection for depositors, streamline regulatory frameworks, and improve operational efficiency across India’s banking landscape. Source: Indian Express Photo Credit: Indian Express

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Uttar Pradesh Declares Maha Kumbh Area as New District Ahead of 2025 Mega Event

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In preparation for the Maha Kumbh Mela 2025, the Uttar Pradesh government has declared the Maha Kumbh area as a new district. The announcement, formalized through a government order issued late Sunday night, aims to enhance the administrative efficiency and organization of the grand religious event. The newly created district will be called Maha Kumbh Mela District. District Magistrate Ravindra Kumar Mandad issued the notification, citing powers under the Uttar Pradesh Prayagraj Mela Authority Act, 2017. According to the order, the Mela Adhikari will function as the Executive Magistrate, District Magistrate, and Additional District Magistrate within the newly designated district, equipped with full authority under the Indian Civil Defense Code, 2023, and other applicable laws. The district will encompass 67 villages from Prayagraj’s existing tehsils, including 25 villages from Sadar, three from Sorav, 20 from Phulpur, and 19 from Karchana block. This realignment is aimed at streamlining governance and ensuring seamless arrangements for the anticipated influx of over 400 million devotees during the event, which is scheduled for January 2025. The Maha Kumbh Mela is one of the largest religious gatherings in the world, and the creation of this dedicated administrative unit underscores the government’s commitment to effective event management. This move is expected to facilitate better crowd control, resource allocation, and infrastructure development for the pilgrims. With this proactive measure, Uttar Pradesh positions itself to handle the logistical and spiritual needs of one of India’s most iconic cultural events. Source: Zeebiz Photo Credit: Zeebiz

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Adani Group Faces Corporate Governance Crisis; Fitch Places Key Stocks on ‘Watch Negative’

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The Adani Group is grappling with intensified corporate governance concerns following bribery charges against key executives of Adani Green Energy Limited (AGEL) by U.S. authorities. In response, Fitch Ratings placed Adani Energy Solutions Limited (AESL) and Adani Electricity Mumbai Limited (AEML) on a “Rating Watch Negative,” signaling a potential downgrade of their ‘BBB-‘ ratings. US Charges Spark Governance Concerns The allegations, tied to a 2021 offshore note offering, include bribery and misleading investors. With two accused executives linked to the Adani founding family, the controversy has amplified fears of systemic governance risks across the conglomerate. Fitch warned that any conviction or evidence of weak governance could significantly pressure ratings. Liquidity Remains Strong, But Risks Loom Fitch noted that AESL and AEML maintain robust liquidity, with AESL raising $1 billion via qualified institutions placement for near-term projects. AEML benefits from regulatory protections for operating costs. However, Fitch cautioned about increased reliance on onshore funding, which could elevate borrowing costs and refinancing risks in the medium term. Global Fallout The charges have drawn sharp reactions from international stakeholders. Total Energies has halted investments in Adani projects, and ESG rating agency Morningstar Sustainalytics is reviewing risks associated with Adani Green. Adani-linked dollar bonds, which initially plummeted, showed signs of stabilization but continue to face scrutiny. Future Challenges The indictment’s ripple effects extend beyond the group’s finances, potentially pressuring capital inflows and impacting India’s currency if funding risks persist. While the Adani Group has denied the allegations as “baseless” and pledged legal action, the conglomerate faces mounting global scrutiny. The coming weeks will test Adani’s ability to address governance issues and reassure investors, as reputational and financial challenges intensify. Source: Zeebiz Photo Credit: Zeebiz

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AI Governance Market to Reach $3,594.8 Mn by 2033, Growing at 39.0% CAGR

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The global AI Governance Market is poised for substantial growth, with its size projected to increase from USD 185.5 million in 2024 to USD 3,594.8 million by 2033, according to a report by Dimension Market Research. This represents a remarkable compound annual growth rate (CAGR) of 39.0% during the forecast period. AI governance focuses on creating robust frameworks to regulate the development, deployment, and usage of AI technologies, ensuring compliance with ethical guidelines and addressing concerns around privacy, transparency, fairness, and accountability. Key Insights from the Report: Market Drivers: Rising adoption of AI across industries is fueling demand for governance frameworks. Organizations are prioritizing ethical AI, regulatory compliance, and risk management to ensure responsible AI deployment. Regional Highlights: The U.S. AI governance market is expected to reach USD 1.3 million by 2024, growing at a CAGR of 13.4%. North America is projected to hold a 32.9% revenue share in 2024, driven by advanced AI adoption and regulatory initiatives. Market Segments: The software segment is anticipated to dominate the AI governance market in 2024. Large enterprises will likely lead in adoption, with government and defense sectors contributing the largest revenue share. Emerging Trends in AI Governance: Explainability in AI Systems: Increased focus on transparent decision-making processes in critical sectors. Ethical AI Guidelines: Organizations are emphasizing fairness, accountability, and transparency in AI operations. Global Collaboration: Partnerships between tech companies, regulators, and academic institutions aim to create standardized practices for responsible AI. Regulatory Advances: Europe and North America are at the forefront of implementing comprehensive AI governance frameworks. Competitive Landscape: The AI governance market is intensely competitive, with major players like IBM Corp, Alphabet Inc, Microsoft Corp, Amazon Web Services, and SAS Institute leading the charge. Companies are investing heavily in technologies addressing bias detection, transparency tools, and data privacy. Startups are also entering the market, offering innovative and cost-effective solutions. With the increasing adoption of AI technologies, the need for robust governance frameworks has become paramount. The projected growth of the AI governance market underscores its critical role in ensuring responsible, ethical, and transparent AI deployment across industries. Source: telanganatoday Photo Credit: telanganatoday

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