Govt working on AI regulation framework, will be released by July 2024, says IT Minister Rajeev Chandrasekhar

"In short, by mid-2024, the government will have AI regulatory frameworks in place. AI will be used to improve farmer productivity, healthcare, agriculture, and the economy. The first draft of the long-awaited AI regulatory framework is anticipated in a few months. According to the state minister for electronics and information technology, the government is developing frameworks for regulations pertaining to AI, and they should be released in June or July of this year. According to Chandrasekhar, the Indian government intends to employ AI to achieve its objectives for economic growth. ""We plan to fully utilize AI to accomplish our economic growth objectives, guaranteeing a significant influence on healthcare, agriculture, and farmer productivity, among other areas,"" he stated in a post on X. This was stated by Chandrasekhar at the Mumbai Tech week. The government has been delaying the release of a framework for AI regulations for a long time.

The IT Minister had stated plans to release the framework's initial draft as early as May 2023. But the same hasn't been made available yet. We should be able to view the initial draft of it within the next few months, according to Chandrasekhar's most recent remark. The Union Minister has stated multiple times how important and necessary the framework is, notwithstanding the delay. ""Amidst all the excitement about AI's potential to ""do more with less,"" there is also a rising conversation about its risks and drawbacks. Today's discussion centers on how to maximize AI's potential while minimizing its drawbacks mitigated?"" Chandrasekhar asked in a piece that appeared in India Today. ""A global governance framework that deals with safety and trust of AI is important, given the ubiquitous and boundary-agnostic nature of the Internet and AI,"" he continued. In the past, Chandrasekhar has also given a preview of what to anticipate from the AI framework. India's strategy entails formulating guidelines as well as an exhaustive inventory of AI-related injuries and crimes. India favors establishing explicit standards for platforms with an emphasis on addressing concerns like prejudice and misuse throughout model training, as opposed to regulating AI at particular stages of its development. The suggested approach entails outlining forbidden behaviors and enforcing penalties for noncompliance,"" he stated. "