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Algorithms should be able to explain reasoning behind decisions to customers: RBI Murmu

The Reserve Bank of India mandates that lenders provide explanations for credit application rejections, emphasizing the need for transparent algorithms. This move ensures equitable access to financial resources. Moreover, institutions are urged to safeguard against potential threats posed by quantum computing. Rather than diminishing lender accountability, technology must amplify credit accessibility and empower customer choice, while regulated entities remain liable for all services offered under their banner.

The Reserve Bank of India mandates that lenders provide explanations for credit application rejections, emphasizing the need for transparent algorithms. This move ensures equitable access to financial resources. Moreover, institutions are urged to safeguard against potential threats posed by quantum computing. Rather than diminishing lender accountability, technology must amplify credit accessibility and empower customer choice, while regulated entities remain liable for all services offered under their banner.

Algorithms should be able to explain reasoning behind decisions to customers: RBI Murmu Read More »

Man loses case to claw back $369,000 he spent on lavish gifts for ex-girlfriend

Man loses case to claw back $369,000 he spent on lavish gifts for ex-girlfriend

Singapore’s High Court rules in the woman’s favour, with the judge saying the man “willingly” showered her with gifts, even before they got together.

Singapore’s High Court rules in the woman’s favour, with the judge saying the man “willingly” showered her with gifts, even before they got together.

Man loses case to claw back $369,000 he spent on lavish gifts for ex-girlfriend Read More »

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IRCTC scam case: Delhi court orders framing of charges against Lalu, Rabri Devi and Tejashwi

A Delhi court has formally charged Lalu Prasad Yadav and several associates in connection with the alleged money laundering linked to IRCTC hotels. Rabri Devi and Tejashwi Yadav are implicated as well, facing accusations of conspiracy and cheating. The court indicated substantial evidence of tampering with the tender process, paving the way for the case to advance to trial following the charge framing.

A Delhi court has formally charged Lalu Prasad Yadav and several associates in connection with the alleged money laundering linked to IRCTC hotels. Rabri Devi and Tejashwi Yadav are implicated as well, facing accusations of conspiracy and cheating. The court indicated substantial evidence of tampering with the tender process, paving the way for the case to advance to trial following the charge framing.

IRCTC scam case: Delhi court orders framing of charges against Lalu, Rabri Devi and Tejashwi Read More »

Watch: How a community living under demolition orders from Israel view UK sanctions

Watch: How a community living under demolition orders from Israel view UK sanctions

Middle East Correspondent Lucy Williamson visits the Palestinian community of Khan al Ahmar, and the neighbouring Israeli settlement of Maale Admumim.

Middle East Correspondent Lucy Williamson visits the Palestinian community of Khan al Ahmar, and the neighbouring Israeli settlement of Maale Admumim.

Watch: How a community living under demolition orders from Israel view UK sanctions Read More »

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Delhi High Court seeks police response after Tahir Hussain challenges conviction; hearing on Dec 2

The Delhi High Court has served a notice to the Delhi police regarding the appeal filed by Tahir Hussain, who was found guilty of the murder of IB officer Ankit Sharma during the riots of 2020. Hussain, along with four others, received a life sentence, but he disputes the conviction, claiming the investigation was flawed and biased against him. The appeal is scheduled for a hearing on December 2.

The Delhi High Court has served a notice to the Delhi police regarding the appeal filed by Tahir Hussain, who was found guilty of the murder of IB officer Ankit Sharma during the riots of 2020. Hussain, along with four others, received a life sentence, but he disputes the conviction, claiming the investigation was flawed and biased against him. The appeal is scheduled for a hearing on December 2.

Delhi High Court seeks police response after Tahir Hussain challenges conviction; hearing on Dec 2 Read More »