Explanation:

• Currently, there is no law or autonomous body governing Over the Top(OTT) platform or digital content. 
• Recently, the Government has brought Over The Top (OTT) platforms, or digital video streaming service providers such as Netflix, Amazon Prime and others, under the ambit of the Ministry of Information and Broadcasting.

• The decision has been taken in exercise of the powers conferred by clause (3) of Article 77 of the Constitution, by amending the Government of India (Allocation of Business) Rules, 1961 and it will come into effect immediately.
• In India, the regulation of such platforms has been widely debated and discussed. 
• Following pressure to regulate the content being made available on these streaming platforms, the Internet and Mobile Association of India (IAMAI), a representative body of the OTT platforms had proposed a self-regulatory model.

Hence both statements are correct.