Author: Akanksha Nagar

MeitY extends deadline for public comments on ‘Report on AI Governance Guidelines Development’

Globally, in countries like the United States, the United Kingdom, and Australia, opinion trading apps and websites are classified as wagering platforms and are regulated.

The report for public consultation was earlier open till January 27. As stakeholders sought an extension to meaningfully engage and participate in the consultation process, it now has been pushed to February 27.

Zee Entertainment files $8 million counterclaim against Star India in ICC media rights dispute

Star India, on September 16, filed a 'statement of case' before London Court of International Arbitration (LCIA) in which it declared termination of the alliance agreement and sought the damages in the now-terminated ICC TV rights deal case, from Zee.

Zee Entertainment (ZEEL) says that the arbitration process is in its early stages, with the determination of ZEEL’s alleged liability for breaches of the ‘Alliance Agreement’ with Star India still pending.

Union Budget 2025: M&E sector seeks GST revision on digital services, investment in skill development

Indian media and entertainment industry is looking for favorable policy and tax announcements in the upcoming budget for growth. (Image source: Julius Drost, Unsplash)

The media and entertainment sector anticipates simplified regulatory frameworks, a conducive environment for innovation, and initiatives that enhance the digital and technical skills of the workforce.

Maha Kumbh 2025: Travel platforms up ad spends by 40% as bookings skyrocket

OTC platforms/agencies are investing heavily in advertising during the Maha Kumbh and have increased ad spends approximately 40%-50% year-on-year, this includes targeted promotions for flight bookings, pilgrim tour packages and hotel simultaneously.

As train and flight bookings rise over 200% on the back of Maha Kumbh, the online travel platforms and agencies significantly up advertising spends.

By 2030, digital economy to fuel 20% of India’s national income: MeitY

In 2022-23, the digital economy accounted for 14.67 million workers, or 2.55% of India’s estimated work force, according to MeitY.

India’s digital economy is expected to grow almost twice as fast as the overall economy, and is expected to contribute one-fifth of GDP by 2030, says the Ministry of Electronics and Information Technology (MeitY) in its latest report.

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Bombay HC crackdown on Panchayats leads to over 50% reduction in illegal ad hoardings

Both the Maharashtra government and the Bombay High Court have come down heavily on the illegal ad hoardings.

After the Bombay High Court order and government resolution issued to the gram panchayats to refrain from granting illegal permissions to erect ad hoardings, there has been more than a 50% reduction in illegal ad hoardings, according to industry observers.