Govt's focus is on climate-smart aquaculture and efficient resource utilisation (See 'Corp Brief') Sonowal Issues Clarification on Forged Letter (See 'Corp Brief') A&C - Arbitral tribunal is legally empowered to terminate proceedings u/s 38(2) of Arbitration Act, if party fails to pay its share of arbitrator's fees: SC (See 'Legal Desk') Science ministries push thematic clustering of Startups at review meeting (See 'Corp Brief') Nearly 100 delegates from over 70 countries to participate at ECI event (See 'Corp Brief') A&C - Bill discounting is short-term, high-risk commercial financing mechanism where elevated interest rates are neither unusual nor inherently unfair: SC (See 'Legal Desk') CEA has successfully conducted 220 elections; 70 elections currently underway (See 'Corp Brief') Service Matter - Government is bound by same limitation laws as any other party; delay caused by bureaucratic procedures cannot be mechanically condoned: HC (See 'Legal Desk') Khattar inaugurates Centre of Excellence for power sector regulatory affairs at Delhi IIT (See 'Corp Brief') Misc - Civil suit seeking cancellation of a registered sale deed is barred u/s 34 of SARFAESI Act when SARFAESI measures have been initiated: HC (See 'Legal Desk') Port, Inland Waterways Projects Worth Rs 552 Crore launched to boost Riverine Logistics (See 'Corp Brief') Manjhi inaugurates PM Vishwakarma Haat 2026 in New Delhi (See 'Corp Brief') PMLA - If property is attached for value thereof to proceeds of crime, it happens when proceeds of crime acquired or obtained directly or indirectly is not available in hands of person: SAFEMA (See 'Legal Desk') AIIA celebrates National Startup Day 2026 (See 'Corp Brief') SEBI - Proposed Acquirer shall be exempted from complying with requirements of sub-regulation (1) of regulation 3 and regulation 4 of SAST Regulations, 2011 with respect to direct acquisition in Target Company: SEBI (See 'Legal Desk') CCPA takes action against unauthorized sale of Walkie-Talkies on E-Com Platforms (See 'Corp Brief') IBC - Status of financial creditor is granted to individual allottees u/s 5(8)(f) of IBC, but this status does not extend to society they are members of, as society is distinct juristic entity: SC (See 'Legal Desk') IICA launches registration for Post Graduate Insolvency Programme (See 'Corp Brief') IBC - 'Pre-existing dispute' capable of barring initiation of CIRP u/s 9 IBC must be genuine and supported by substantive evidence, and not moonshine defence raised merely to obstruct CIRP: SC (See 'Legal Desk') 'Jo Vaada Kiya, Wo Nibhana Padega' - Promissory Estoppel Reaffirmed: Supreme Court Reiterates the Rules of State Accountability (See CORP EINSICHT)

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AI for Citizen Safety: Join IndiaAI CyberGuard AI Hackathon

Published: Oct 28, 2024

By TIOLCorplaws News Service

NEW DELHI, OCT 28, 2024: THE IndiaAI Independent Business Division (IBD) has launched the IndiaAI CyberGuard AI Hackathon. This hackathon is part of the Applications Development Initiative within the IndiaAI Mission, which seeks to advance the development, deployment, and adoption of AI applications in critical sectors. It is aimed at promoting the scaling and adoption of impactful AI solutions to enable large-scale socio-economic transformation. The deadline for application submission is 07th November 2024.

IndiaAI CyberGuard AI Hackathon

To further these ambitions, IndiaAI and Indian Cyber Crime Coordination Centre ( I4C) has announced the IndiaAI CyberGuard AI Hackathon . This strategic initiative seeks to utilize advanced technologies, particularly AI, to enhance cybersecurity and address the escalating threat of cyber fraud and crimes. With approximately 6,000 cases reported daily through the NCRP, this hackathon aims to develop robust AI-driven solutions capable of managing and mitigating these threats.

Exciting prizes for Hackathon

The Hackathon invites participation from Indian innovators, startups, non-profits, students, academic/R&D organizations, and companies. The prize money for the hackathon is as follows.

- First Prize: INR 25 Lakhs and opportunity to develop a solution for national rollout

- Second Prize : INR 7 lakhs

- Third Prize : INR 3 lakhs

- Special Prize of INR 5 lakhs for All-Women Teams (in addition to the top three prizes)

This initiative aligns with the Government of India's vision of leveraging AI for inclusive growth and responsible development of AI. For more details and to apply, visit https://indiaai.gov.in/article/ai-for-citizen-safety-join-the-indiaai-cyberguard-ai-hackathon

Leveraging AI for cybersecurity

IndiaAI is partnering with the Indian Cyber Crime Coordination Centre (I4C), established by the Ministry of Home Affairs. This collaboration aims to leverage AI to drive efficiencies in the prevention, detection, investigation, and prosecution of cybercrime, thereby enhancing citizen welfare. The I4C manages the National Cybercrime Report Portal (NCRP), providing a comprehensive framework for Law Enforcement Agencies (LEAs) to tackle cybercrime effectively.

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