SEBI's X account locked after Hindenburg report
New Delhi: The official X account (formerly Twitter) of the Securities and Exchange Board of India (SEBI) has been locked following the release of a report by Hindenburg Research. This report accuses SEBI Chairperson Madhabi Puri Buch of having investments in foreign funds allegedly used by the Adani Group to manipulate its share prices.
This incident comes about a year and a half after Hindenburg Research initially accused industrialist Gautam Adani of financial misconduct. The new allegations suggest that Buch's investments were part of the same strategies that purportedly boosted Adani Group’s stock values.
The locking of SEBI's X account has generated widespread discussion. One user, @mr_mayank, commented, "SEBI has locked its Twitter Account after getting exposed by the latest #HindenbergReport. Meanwhile, both Adani & his bff are reportedly in panic mode. Planning to flee soon?"
BIGGEST BREAKING 🚨🔥
— Ankit Mayank (@mr_mayank) August 10, 2024
SEBI has locked its Twitter Account after getting exposed by latest #HindenbergReport
Meanwhile both Adani & his bff are reportedly in panic mood
Planning to flee off soon? 😂⚡ pic.twitter.com/420dJIxzzz
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Bill to regulate deepfakes tabled in Lok Sabha
New Delhi (PTI): A Private Member's Bill seeking a clear legal framework for regulation of deepfakes has been introduced in the Lok Sabha.
The Regulation of Deepfake Bill, introduced by Shiv Sena leader Shrikant Shinde in the House on Friday, aims to protect citizens by mandating prior consent from individuals depicted in deepfake content.
"Misuse of deepfakes for harassment, deception and misinformation has escalated, creating an urgent need for regulatory safeguards," Shinde said.
The Bill also lists penalties for offenders creating or disseminating deepfake content with malicious intent.
"With advancements in artificial intelligence and deep learning, deepfake technology has emerged as a significant tool for media manipulation. While the technology has potential applications in education, entertainment and creative fields, it also poses severe risks when misused, threatening individual privacy, national security and public trust," Shinde said in the statement of objects and reasons in the Bill.
The proposed Bill seeks to establish a clear legal framework to govern the creation, distribution and application of deepfakes in India, said Shinde, a three-term Lok Sabha member from Kalyan.
The Bill also seeks to establish the Deepfake Task Force, a dedicated body to combat national security implications and evaluate the influence of deepfakes on privacy, civic participation, and potential election interference.
The task force will collaborate with academic and private sector institutions to develop technologies that detect manipulated content, thereby promoting credibility in digital media.
The Bill also proposes to establish a fund to support public and private sector initiatives in the detection and deterrence of advanced image manipulation.
A Private Member's Bill is a procedure of Parliament that enables lawmakers, who are not ministers, to draw attention to issues that might not be represented in Government Bills or to highlight the issues and gaps in the existing legal framework that require legislative intervention.
