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India Us Trade Deal: Fresh look at India-US trade deal? May be ‘rebalanced’ if circumstances change, says Piyush Goyal – The Times of India
India-US trade deal: Commerce minister Piyush Goyal has said that India will continue to watch out for its interests and in the evolving situation around tariffs, the trade deal with the US may be rebalanced. Highlighting the uncertain global trade environment, Goyal said the situation remains fluid. Goyal’s comments assume significance after the US Supreme Court ruled that Donald Trump administration’s reciprocal tariffs are illegal. Soon after, Trump signed an executive order to impose a 10% global tariff on America’s trading partners, and this may be raised to 15%. Goyal’s comments also come a day after US commerce secretary Howard Lutnick met him in Delhi.
‘Focused on getting best trade deal with US’
Goyal said that India’s proposed trade pact with the United States could be adjusted if necessary, stressing that the country will safeguard its economic interests in view of changing tariff signals from Washington.“It’s an evolving situation. Trump administration has made some comments, they have other tools that they can use, next week they can increase it to 15%. Various dialogues are going on. I had said that if the circumstances change, the deal will be rebalanced,” Goyal reportedly said at a CNN-News 18 event.Referring to the mutual understanding between the two countries, the minister said the possibility of revising the agreement has already been acknowledged. “India-US joint statement says that should circumstances change, the deal will be rebalanced.”Goyal said India continues to remain in discussions with the United States as negotiations move forward. Commenting on potential tariff measures by Washington, he said India would closely monitor developments while ensuring its national interests remain protected.“On US tariffs: will wait and watch and ensure India’s best interests are protected.”He added that the US administration has several policy options at its disposal. “There are many tools that Trump administration can use in this evolving situation; one of them the 10% tariff move,” he said.Responding to concerns raised by the agriculture and dairy sectors, the minister said that key sensitive areas have been safeguarded in the proposed agreement.“No GM foods will come into India,” he said.He also stated that several farm-related sectors have been kept outside the scope of the arrangement. “Dairy, maize, soybean, poultry is exempt from US trade deal. We have preserved interests of farmers, dairy. No GM foods will come into India. The deal preserves our interests.”
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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Business
Netflix co-founder Reed Hastings to step down as chairman
Hastings set up the company in 1997, when it rented DVDs to customers and delivered by post.
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