On July 21, 2026, the Reserve Bank of India (“RBI”) released the draft Foreign Exchange Management (Foreign Investment) Rules, 2026 (“Draft Rules”) for public comments.[1] Once finalised, these Draft Rules will replace the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (“NDI Rules”). The review stems from the Union Budget 2026-27, which called for a comprehensive rework of the NDI Rules to make India’s foreign investment framework simpler. A committee was subs

Deepfakes – AI-generated synthetic media that realistically mimics a person’s face, voice, or likeness – are no longer just cybersecurity or social media concern; they have become a legal and business risk. Such content is increasingly being used to create fake endorsements, clone voices, manipulate videos and misuse an individual's identity. Recognising these risks, the government has amended the Information Technology (Intermediary Guidelines and Digital Media Ethics Code)