Executive Summary     India's care economy sector stands at a transformative juncture, driven by rapid demographic aging and Budget 2026-27's landmark policy interventions. The geriatric care market, though fragmented and volatile, demonstrates significant long-term potential, with projections indicating substantial growth through 2033. The Union Budget 2026-27 introduces three critical initiatives aimed at formalising and scaling the care ecosystem: Divyang Sahara Yojana, Al

Introduction   Arbitration has long been the preferred dispute resolution mechanism for Indian businesses, promising speed, confidentiality, and commercial pragmatism. Yet, the Supreme Court’s 2026 decision in Bhadra International v. Airports Authority of India marks a decisive shift: how an arbitrator is appointed is no longer a procedural footnote it is a governance issue with existential consequences for arbitral awards.   In an era where CXOs are increasingly accountable

Executive Summary   The Budget 2026-2027 proposes significant relief to victims of motor vehicle accidents and their legal heirs by introducing a complete tax exemption on interest awarded by the Motor Accident Claims Tribunal (MACT) under the Motor Vehicles, 1988. This measure eliminates both the tax liability on such interest income and the requirement for Tax Deduction at Source (TDS), providing substantial financial and administrative relief to victims who are often not r

Employment and Workplace Use of AI     The use of Artificial Intelligence (“ AI ”) has evolved from a costly experimental technology into an essential, cost-effective operational mainstay for organisations across industries, including in India. It now drives tasks like resume screening, interview scheduling, performance reviews, job satisfaction analysis, attrition forecasting, and even redundancy determinations. Given India's intricate employment law framework spanning centr

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Regulatory Updates   1.1.  India   Reserve Bank of India (RBI)   1.1.1. RBI issues draft Circular on the revised guidelines of the Lead Bank Scheme for public comments The Reserve Bank of India (“ RBI ”) has issued a draft Circular to revise the Lead Bank Scheme (“ LBS ”) pursuant to its Statement on Developmental and Regul

Introduction     India’s regulatory ecosystem is proactively shaping AI governance without a standalone AI Act, leveraging robust sectoral frameworks to ensure innovation thrives alongside accountability. As of February 2026, there is no dedicated, comprehensive AI-specific legislation, with oversight emerging from the Information Technology Act, 2000, Digital Personal Data Protection Act, 2023, and recent February 2026 amendments to IT Intermediary Rules targeting synthetica

From Policy Sutras to Sector Mandates: Mapping India's AI Governance     Artificial Intelligence regulation in India is evolving into a principle‑based, techno‑legal framework that balances innovation with safety. For the IndiaAI Mission, the Union Budget 2026-2027 allocated INR 1,000 Crore for developing sovereign foundational AI models, supporting startups, building compute capacity (GPUs), and fostering responsible AI, shifting the focus from new institutions to diffusing

I. Regulatory Characterisation of AI: Product, Service, or Infrastructure     A threshold legal question in assessing AI risk under Indian Law is the regulatory characterisation of artificial intelligence systems, specifically whether AI is to be treated as a product, a service, or a form of digital infrastructure. This classification is not merely academic; it directly determines the applicable liability standard, regulatory oversight, and enforceability of contractual risk

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1.             Labour Law   1.1.         Ministry of Labour & Employment announces comprehensive Employee Provident Fund Organisation reforms  Employment announces comprehensive Employee Provident Fund Organisation (“ EPFO ”) introduces reforms to enhance digital services and expand coverage, achieving significant growth

I. AI in Enterprise Contracts: Legal Framework     The use of AI within enterprises for productivity-related functions, including legal drafting, automated negotiation processes, and large-scale data analysis, is presently regulated in India through existing statutory frameworks rather than through any AI-specific legislation. Indian law does not yet recognise a distinct legal regime governing AI-enabled contracts or the general deployment of AI in commercial operations. None