India’s Generative AI Startups Explore New Frontiers Beyond ChatGPT In recent developments from New Delhi, startups like Sarvam and Adya.ai are spearheading India’s charge into the burgeoning field of generative artificial intelligence (AI). However, they’re charting a distinct path by venturing beyond the realms of large language models akin to ChatGPT. This strategic pivot towards industry-specific applications not only offers a clearer path to monetization but also sidesteps the fierce competition from AI behemoths. Sarvam’s […]

RBI’s New Guidelines: A Turning Point for India’s P2P Lending Sector Introduction In a significant move on Friday, the Reserve Bank of India (RBI) introduced revised guidelines for Peer-to-Peer (P2P) lending platforms, marking a pivotal moment that potentially reshapes the landscape of India’s burgeoning P2P lending industry. The RBI’s Stance on P2P Lending The RBI’s decision to prohibit P2P platforms from promising minimum returns, offering instant liquidity options, and marketing these platforms as investment products […]

RBI Imposes ₹10 Crore Minimum Net Worth Requirement for Financial Market SROs In an epoch-making move aimed at fortifying the bedrock of self-regulation within India’s financial market landscape, the Reserve Bank of India (RBI) recently promulgated a comprehensive framework for Self-Regulatory Organizations (SROs). This landmark initiative mandates an indispensable minimum net worth of ₹10 crore for entities vying for SRO status, underscoring the RBI’s commitment to amplifying a culture of compliance, innovation, and ethical conduct […]

Sebi Eases Borrowing Rules for AIFs to Address Drawdown Shortfalls In a significant move to enhance operational flexibility, the Securities and Exchange Board of India (Sebi) has eased borrowing regulations for Category I and II alternative investment funds (AIFs). This adjustment allows these funds to effectively manage drawdown shortfalls, thereby simplifying business processes and maintaining investor relations. Understanding Drawdowns in AIFs Drawdowns reflect the decrease in the value of an investment from its peak to […]

Focus on Identifying High-Risk Taxpayers in GST Composition Scheme, Advises CAG Estabizz Fintech Pvt Ltd underscores the Comptroller and Auditor General’s (CAG) recent advisory for the Finance Ministry to spotlight identifying high-risk taxpayers within the GST composition scheme. This call to action comes after a detailed analysis of data spanning from 2019-20 to 2021-22, involving 8.66 lakh composition taxpayers under central jurisdiction. Estabizz champions the CAG’s recommendation to leverage third-party data, including IT returns and […]