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Transforming Governance: Narayana Murthy Suggests Hiring IAS Officers from B-Schools

Infosys co-founder Narayana Murthy has proposed a transformative shift in India’s governance approach to drive the country toward a $50 trillion economy. Speaking at the CNBC-TV18 Global Leadership Summit, he recommended recruiting IAS and IPS officers from private sectors and top business schools instead of relying solely on UPSC exams. Murthy emphasized replacing the administrative status quo with a management-driven approach focusing on vision, cost control, innovation, and speed. He also expressed concerns about India’s reduced work culture, advocating for longer work hours to address the country’s economic challenges.

SEBI Proposes Major Changes for SME IPOs: ₹2 Lakh Entry Rule, Lottery for Investors

SEBI has proposed significant reforms for SME IPOs to enhance transparency and investor protection. Key changes include raising the minimum application size to ₹2 lakh, with an option to increase it to ₹4 lakh, which may exclude retail investors. A lottery system is suggested for oversubscribed IPOs to replace proportional allotment for non-institutional investors. SEBI also aims to cap the Offer-for-Sale (OFS) at 20%, enforce stricter promoter lock-in periods, and mandate monitoring agencies for issues above ₹20 crore. SME IPOs raised ₹6,000 crore in FY24.

Meta Challenges Rs 213 Crore Fine Over WhatsApp Data Sharing Policy

Meta plans to appeal a Rs 213.14 crore penalty imposed by India’s Competition Commission (CCI) for alleged misuse of WhatsApp user data. The CCI found that WhatsApp shared user data with Meta-owned platforms like Facebook and Instagram without consent, violating privacy norms. Meta claims its 2021 privacy policy update was optional, focused on business features, and didn’t compromise message privacy. The CCI barred WhatsApp from sharing user data for advertising for five years and mandated an opt-out option for users. Meta argues the update supports businesses and drives economic growth.

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