India has established the AI Governance and Economic Group (AIGEG), a cabinet-level body chaired by Electronics and IT Minister Ashwini Vaishnaw, with Minister of State Jitin Prasada as vice chairperson. The body consolidates AI policymaking across ministries that previously operated without a central coordinating authority, responding directly to calls in the government's AI governance guidelines and the Economic Survey. The AIGEG draws together the principal scientific advisor, chief economic advisor, CEO of NITI Aayog, secretaries from telecommunications, economic affairs, and science and technology, and a National Security Council Secretariat representative. A supporting expert committee will advise on global AI developments and regulatory priorities. The group is mandated to review existing frameworks, issue compliance guidelines, identify regulatory gaps, and assess whether new legislation is needed. On workforce, the AIGEG will map AI deployment readiness by use case, track automation trends, evaluate regional variation, and build transition strategies, an explicit acknowledgment that job displacement is a policy risk requiring active management. This sits within a broader regulatory push. Amended IT Intermediary Rules effective February 20, 2026, require platforms to label synthetically generated content. MeitY has also proposed mandatory three-hour content takedown windows and tighter compliance timelines for Google, Meta, and X. Stakeholder feedback on draft amendments is now open until April 29.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
