Business
Budget 2026: Haryana seeks higher allocations for infra, agriculture and medical education; pushes RIDF, UIDF cap hikes – The Times of India
Haryana Chief Minister Nayab Singh Saini on Saturday urged the Centre to step up allocations for the state’s rural and urban infrastructure, agriculture and allied sectors in the Union Budget for FY27, citing growing development needs and the state’s proximity to the national capital, PTI reported.Saini, who also holds the finance portfolio, raised the demands at the pre-Budget meeting chaired by Union Finance Minister Nirmala Sitharaman with finance ministers of states and Union Territories, according to an official Haryana government statement.The chief minister sought an increase in the general allocation under the Rural Infrastructure Development Fund (RIDF) to Rs 2,000 crore in 2026-27, saying this was necessary to sustain the momentum of rural development. He also flagged constraints under the Urban Infrastructure Development Fund (UIDF), arguing that the current Rs 100 crore cap on project size was limiting execution of large urban projects, and proposed that the ceiling be raised to Rs 500 crore.Saini thanked the Centre for continuing the Special Assistance to States for Capital Investment scheme and sought higher untied allocations for Haryana, along with relaxations in utilisation conditions, citing the state’s special requirements due to its location in the National Capital Region (NCR).He said the upcoming Budget would further pave the way for Haryana’s progress and reaffirmed the state’s commitment to contributing towards making India a developed nation by 2047.Highlighting Haryana’s agrarian profile, Saini said the state ranks second in the country in foodgrain production and is known as the breadbasket of India. He said around six lakh acres of land are affected by salinity and waterlogging, and sought central financial assistance to prevent further damage.He also underlined the need for modernising agriculture through digital agriculture, micro-irrigation, agri-logistics and value addition, adding that agri-processing clusters and MSMEs could become engines of rural prosperity.On the social sector, Saini said Haryana plans to open a medical college in every district, for which substantial support under centrally sponsored schemes would be required. He also sought higher assistance for social security pensions, noting that over 44 lakh people in the state receive such benefits.The chief minister said Haryana’s NCR region is being developed as a logistics hub, requiring higher central capital investment to improve connectivity and time-bound movement of goods. Stressing the importance of entrepreneurship, he said Haryana ranks fourth nationally in startups and is setting up a Rs 2,000 crore Fund of Funds to support them.He added that the state is developing 10 new Industrial Model Townships (IMTs) to boost MSMEs and attract investment, for which additional central assistance is needed.Saini also emphasised the importance of human capital, calling for greater focus on education, health and skills, particularly in emerging areas such as artificial intelligence, semiconductors, green technology and biotechnology.
Business
Finance ministers and top bankers raise serious concerns about Mythos AI model
Experts say Mythos potentially has an unprecedented ability to identify and exploit cybersecurity weaknesses.
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Business
Anthropic’s new AI model exposes fresh risks, flaws for cybersecurity, IT services – The Times of India
New Delhi: A powerful new AI model is forcing govts, banks, and technology firms to rethink the rules of cybersecurity – and in India, the stakes may be even higher.Claude Mythos, developed by Anthropic, has demonstrated the ability to autonomously detect and exploit software vulnerabilities, including flaws that have persisted for decades. Early tests revealed that the model could identify long-standing weaknesses and simulate complex, multi-step cyberattacks, prompting the company to restrict its wider release. Anthropic CEO Dario Amodei highlighted the shift, noting that AI systems are now capable of finding vulnerabilities “that humans have missed”, a signal of how quickly the cybersecurity landscape is changing.US Treasury Secretary Scott Bessent reportedly convened a meeting with top bank executives – including leaders from JPMorgan Chase, Goldman Sachs, Citigroup, BoA, and Morgan Stanley – to assess the risks posed by such advanced AI systems.That concern is not theoretical. According to Jaydeep Singh, GM for India at Kaspersky, the emergence of such systems represents a turning point not just for security professionals, but for everyday users. “We have been closely monitoring how AI is reshaping the threat landscape, and Claude Mythos represents a moment that every user, not just the cybersecurity industry, needs to understand,” Singh said.The dual-use nature of AI is at the heart of the concern. The same capability that strengthens defences can just as easily be weaponised. “The same capability that finds a 27-year-old vulnerability in hardened infrastructure is the capability that, in the wrong hands, turns every unpatched system into an open door,” Singh added.Cybersecurity firm Check Point Software Technologies echoed the warning. Sundar Balasubramanian, MD, India and South Asia, for Check Point, says, AI is “dramatically lowering the barrier to entry for cyber attackers,” enabling even less-skilled actors to identify and exploit vulnerabilities. He added that defensive tools can be repurposed offensively, compressing the traditional gap between attackers and defenders. Jayant Saran, partner, Deloitte India, described this as a “changed reality,” where organisations must prepare for risks that were previously invisible. He called AI a “double-edged sword…that cannot be reversed,” highlighting an accelerating race between those securing systems and those attempting to break them.In India, the risks are amplified by scale. From UPI to banking and govt platforms, millions depend on digital infrastructure – much of it built on legacy systems. These systems are often slower to patch, harder to monitor, and lack continuous threat intelligence, creating what Saran called an “asymmetric risk exposure.” Singh pointed out that this gap is especially critical in India, where legacy infrastructure serves hundreds of millions.Beyond cybersecurity, ripple effects could reach financial markets. Analysts say models like Mythos could automate parts of software development, testing, and security – core functions of IT services industry. While disruption may be gradual, labour-intensive outsourcing models could face pressure, while firms embracing AI may benefit.
Business
Could a digital twin make you into a ‘superworker’?
Firms say digital twins make staff more productive, but are they a potential legal minefield?
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