🔶 Governance, AI & Global Norm-Setting

New Delhi Declaration on AI Impact

The AI Impact Summit 2026 concluded in New Delhi with the adoption of the New Delhi Declaration, backed by 89 countries and international organisations.

Why it matters

• Establishes Global South leadership in AI governance

• Focus on ethical, inclusive and developmental AI

• Strengthens India’s norm-setting role in emerging technologies

Exam relevance:
AI governance | Digital multilateralism | Technology diplomacy

🔶 National Developments (India)

National Monetisation Pipeline (NMP) 2.0
Finance Minister Nirmala Sitharaman launched NMP 2.0 with a monetisation target of ₹16.72 lakh crore through FY30.
Why important:

• Expands asset monetisation strategy

• Supports infrastructure financing without increasing fiscal burden
  Exam relevance: Infrastructure financing, public asset management, fiscal strategy

Daily CA One-Liners: 24 February

• The Directorate General of Commercial Intelligence and Statistics (DGCI&S), operating under the Ministry of Commerce & Industry, updated the base year of India’s merchandise trade indices from 2012–13 to 2022–23.

• ICICI Prudential Pension Funds Management Company Limited introduced the country’s first Swasthya-focused pension scheme, “ICICI PF NPS Swasthya Equity Plus,” integrating retirement investments with healthcare-linked benefits within the National Pension System.

• The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, issued a USD 197.67 million guarantee for Citibank N.A. in connection with its loan exposure to the State Bank of India.

Daily CA One-Liners: 22nd & 23rd February

• Gujarat’s Budget for the financial year 2026–27 was tabled in the State Legislative Assembly at Gandhinagar by Finance Minister Kanu Desai.

• Madhya Pradesh Finance Minister Jagdish Devda presented the State Budget 2026–27 in the Legislative Assembly.

• India registered a Guinness World Record after securing 2,50,946 verified pledges advocating responsible use of Artificial Intelligence within a 24-hour period.

• The Gujarat Legislative Assembly passed the Gujarat Shops and Establishments (Amendment) Bill 2026, introducing provisions for night shifts for women, extending permissible daily working hours to 10 hours, and enhancing the overtime ceiling to 144 hours.

Daily CA One-Liners: 21 February

• Prime Minister Narendra Modi announced the creation of a National Centre of Excellence for Skilling in Aeronautics and Defence at Kanpur, Uttar Pradesh, during a joint statement with the French President at the India–France Year of Innovation event.

• India formally became a member of Pax Silica, a United States-led strategic partnership designed to develop secure and resilient supply chains in Artificial Intelligence, semiconductors, and critical minerals.

• At the India AI Impact Summit 2026, Union Minister Ashwini Vaishnaw unveiled the New Delhi Frontier AI Impact Commitments.