Current Affairs 25 June 2026

In short

  • India and US discuss interim trade deal in New Delhi
  • RBI proposes tighter rules for banks on AI model risk oversight

…and 4 more stories on ECONOMY, SOCIAL, DEFENCE.

Top stories

ECONOMY

India and US discuss interim trade deal in New Delhi

India and the United States discussed pathways to conclude an interim trade deal after talks between Commerce and Industry Minister Piyush Goyal and US Trade Representative Jamieson Greer. The Indian government said the two sides exchanged views on the first phase of the bilateral trade agreement. The discussions come amid broader trade tensions and tariff pressures in global commerce. India has also signalled continued engagement with the UK on a separate trade rollout. The talks are significant because they may shape near-term market access and tariff outcomes. They are also relevant for questions on bilateral trade agreements and India’s external economic policy.

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Which Indian minister held talks with US Trade Representative Jamieson Greer on an interim trade deal?

ECONOMY

RBI proposes tighter rules for banks on AI model risk oversight

The Reserve Bank of India has proposed rules requiring banks to strengthen oversight of risks linked to artificial intelligence and machine-learning models. The draft framework calls for board-approved policies, stronger controls, and model inventories. The move reflects growing regulatory attention to algorithmic risk in the financial sector. It is aimed at ensuring accountability and stability as banks increase technology use. The proposal is relevant for banking regulation and digital finance. It may also be asked in exams as part of AI governance in the financial system.

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Which institution proposed tighter oversight rules for AI and machine-learning risks in banks?

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