Rupee Steadies as Exports Post Double-Digit Growth
The central bank credits textile and IT sector performance for improved foreign exchange reserves.
The central bank credits textile and IT sector performance for improved foreign exchange reserves.
The announcement follows months of consultations and is being described by observers as a significant step with wide-ranging effects.
Sources familiar with the matter say the decision was finalized after extensive review, with implementation set to begin within weeks.
Reactions poured in from across the spectrum as experts debated the timing, scope and likely impact of the move.
Venture investment in the country crossed previous annual totals within six months, a new report shows.
The measure is expected to directly affect millions, with authorities promising transparent monitoring and quarterly progress reports.
Analysts called it one of the most consequential developments of the year, urging consistent follow-through on the announced timeline.
Officials confirmed the development on record, with detailed briefings expected in the coming days as stakeholders weigh the implications.
The draft addresses data protection, research funding and safeguards for automated decision-making.
The announcement follows months of consultations and is being described by observers as a significant step with wide-ranging effects.

