Overview
- The committee chaired by Pushpak Bhattacharyya published the FREE-AI report on August 13 with 26 recommendations across six strategic pillars.
- It prioritises digital public infrastructure such as AI Kosh integration, an AI innovation sandbox and a fund to spur homegrown model development.
- Regulated entities must bolster operational safeguards with AI-specific audits, cybersecurity measures, incident reporting and enhanced business continuity plans.
- The report calls on the RBI to issue a consolidated AI guidance document and to establish a permanent multi-stakeholder standing committee for ongoing oversight.
- Adoption is steered by seven Sutras focusing on trust, fairness, accountability, people-first innovation and resilience to align growth with consumer protection.