Advanced AI Could Trigger Banking Cyber Risks If Released Publicly: Nagaraju

Mumbai, May 8 (KNN) Department of Financial Services Secretary M Nagaraju has asked banks and financial institutions to strengthen cybersecurity systems and operational resilience. He warned that advanced artificial intelligence models such as Claude and Anthropic’s ‘Mythos’ could pose serious risks if deployed publicly in India. Speaking at the IndianContinue Reading

RBI Notifies New Forex Regulations, Stops Fresh FFMC Licences

New Delhi, May 7 (KNN) The Reserve Bank of India has issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026, introducing revised norms for entities dealing in foreign exchange and discontinuing fresh licences for Full-Fledged Money Changers (FFMCs). The new regulations aim to rationalise the authorisation and renewal framework forContinue Reading

PMEGP Shows Strong Performance, Boosts Jobs And Micro-Enterprise Growth

New Delhi, May 7 (KNN) The Prime Minister’s Employment Generation Programme (PMEGP), a flagship scheme of the Ministry of Micro, Small and Medium Enterprises, has recorded strong performance during the 15th Finance Commission cycle, supporting micro-enterprise development and employment generation across the country. Implemented through the Khadi and Village IndustriesContinue Reading