Risk Management

TUNNEL INFRASTRUCTURE & SAFETY IN INDIA

Tunnel safety in India has become a critical priority as tunnel construction expands rapidly in fragile Himalayan and urban regions. Recent incidents, especially the Silkyara tunnel collapse that trapped 41 workers, exposed gaps in investigation, design and emergency preparedness. In response, the government has introduced comprehensive guidelines focusing on detailed geological studies, geotechnical baseline reporting, risk registers, site-specific design, real-time monitoring, classification of collapse-risk zones and clear emergency response plans. The overall emphasis is on shifting from speed-driven construction to a safety-first, risk-managed approach that protects lives, reduces economic losses and builds public confidence in expanding tunnel infrastructure.

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AI GOVERNANCE IN INDIAN BANKING: CHALLENGES & SOLUTIONS

Artificial Intelligence (AI) is transforming the banking sector by enabling faster decision-making, improved customer experiences, and operational efficiency. However, it also introduces risks such as bias, model errors, data privacy issues, and regulatory challenges. AI auditing ensures these systems are ethical, transparent, and accountable throughout their lifecycle. Frameworks like RBI’s FREE-AI, along with global standards such as NIST AI RMF and CSA AICM, guide banks in implementing responsible AI. The way forward involves pragmatic guardrails, continuous monitoring, human oversight, and multi-stakeholder collaboration to balance innovation with risk, ensuring trustworthy and inclusive AI-driven banking.

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