On June 24, 2026, the RBI released a draft 'Guidance on Regulatory Principles for Model Risk Management, 2026', proposing board-approved governance, human oversight and safeguards for models — including AI and machine-learning systems — used by banks, NBFCs and other regulated entities.
Effective June 24, 2026, the RBI simplified NBFC-Upper Layer identification: any non-banking financial company with assets of Rs 1 lakh crore or more is now automatically classified in the Upper Layer, replacing the earlier parametric scoring model.
On June 24, 2026, the RBI finalised a revised customer-compensation framework for digital-payment fraud — capping relief at Rs 25,000, introducing a 'shadow reversal' provisional credit, and deferring the start to January 1, 2027.
In its latest Asia-Pacific outlook, S&P Global Ratings projected India's real GDP growth will slow to 6.6% in FY27 from 7.7% in FY26, and consumer inflation will rise to 5.1%, citing energy stress, a sub-par monsoon and slowing global growth.
MoSPI announced on June 24, 2026 that India will release its first-ever monthly Index of Services Production (ISP) — a services-sector counterpart to the IIP — with base year 2024-25, beginning with trial data on July 14.
A study published June 24, 2026 in Science Advances confirmed NASA's Perseverance rover detected macromolecular (complex organic) carbon in mudstones of the Bright Angel formation in Jezero Crater — the most extensive organic detection on Mars yet, a potential but unconfirmed sign of past life.
C-DOT, the telecom R&D arm of the Department of Telecommunications, signed an MoU with IIT Hyderabad to set up a Centre of Excellence for next-generation communications spanning 5G-Advanced/6G, AI-enabled networks and quantum communications.
The BRICS Heads of Space Agencies (HOSA) Meeting 2026, hosted by ISRO in Bengaluru under India's BRICS Chairship, concluded on June 24, 2026 with Union Minister Jitendra Singh pitching a 'BRICS Space Economy'.
The Comptroller and Auditor General (CAG) of India and the Supreme Audit Institution (SAI) of Israel signed a Memorandum of Understanding to strengthen cooperation in public-sector auditing, with the CAG announcing the pact on June 23, 2026.
The Supreme Court of India and the Supreme Court of Russia signed an MoU on judicial cooperation in Moscow on June 23, 2026, signed by CJI Surya Kant and Russian SC Chairman Igor Krasnov, covering AI and technology in the judiciary.
At the 65th National Inter-State Senior Athletics Championships in Bhubaneswar, Dev Meena set a national pole vault record (5.46m) and teenager Anushka Yadav broke the women's hammer throw national record (67.02m), both qualifying for the 2026 Asian Games.
At the ISSF Junior World Championship 2026 in Suhl, Germany, India's Abhinav Shaw and Shambhavi Kshirsagar won the 10m air rifle mixed team gold with a junior world record on June 24, 2026, part of a six-medal day for India.
