Prime Minister Narendra Modi on Sunday called for a global framework for ethical use of Artificial Intelligence (AI) as he flagged concerns surrounding bias in such modern technologies and their impact on the society. Days ahead of the G20 Summit, the prime minister also made a strong case for developing an integrated approach to deal with issues concerning cryptocurrencies. Modi, addressing B20 Summit India 2023 organised by CII, said India is preparing a global framework for Green Credit and urged industry leaders to adopt life and businesses with emphasis on planet positive actions.
RBI's latest rate cut will bring down home, car loan's EMI.
The judge noted that there is a long wait for adoption and there are many childless couples and parents with one child who would adopt a "normal child" but the chances of a specially-abled child being adopted are remote and the regulation therefore only aims to ensure that more and more children with special needs get adopted.
In terms of microeconomic parameters such as return on capital, development of domestic entrepreneurship and corporate governance, India is ahead of China, which is more essential for long term growth.
Shyam Ponappa explores what the right aims and strategies could do for us.
The Union ministry of consumer affairs has given the finishing touches to the policy framework to allow foreign direct investment and foreign institutional investment in India's national commodity exchanges.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
The Reserve Bank of India (RBI) is precariously balancing two opposing objectives - maintaining easy financial condition in the domestic market, while ensuring external stability - and economists have started taking note. They say India is going through the classic trilemma of the 'Impossible Trinity'. The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates. What is even more complicated for the central bank now is that financial market stability overlays all the other three objectives.
The central bank asked lenders to specify potential risks as low, moderate, high and very high
The Karnataka high court has said abusive words used against the prime minister was derogatory and irresponsible but it does not constitute sedition, while quashing a case of sedition against a school management.
'From environmental impact assessment to forest clearances, this has turned out to be an unscientific road-widening project with catastrophic consequences.'
.jpg)
The central bank will come out with two measures on restructuring to tackle financial stress, Rajan said.
Prime Minister Narendra Modi on Thursday suggested the G20 trade ministers to work collectively to ensure equitable competition between large and small sellers as there are challenges in the fast growing cross-border e-commerce. In a video message at the G20 Trade and Investment Minister's meeting here, he also emphasised on the need to address the problems faced by consumers in fair price discovery and grievance handling mechanisms. "Digitising processes and use of e-commerce have the potential to enhance market access. "I am glad that your group is working on the 'High Level Principles for the Digitalization of Trade Documents'. These principles can help countries in implementing cross-border electronic trade measures, and reduce compliance burdens.
The ratings agency currently rates India at Baa3
The best-case scenario is that the BJP will top out at around 50 seats in UP -- a drop of 12 from the 62 it had won in 2019. Taken in tandem with Maharashtra and Karnataka, this is what is likely to put paid to the BJP's ambitions of a third term for Modi, argues Prem Panicker.
India is unlikely to join the ongoing negotiations for a plurilateral deal on e-commerce at the World Trade Organization (WTO), notwithstanding a change in stance on data localisation and cross-border flow of data. Under the new draft digital personal data protection (DPDP) Bill, put out on Friday for public consultation, the government has proposed free cross-border flow of data with 'friendly' nations, significantly easing its earlier stance on data localisation. India has so far stayed out of a group of 87 countries, including the US, European Union, China, and Japan that are negotiating trade-related aspects on e-commerce since December 2017.
India may be 15th among the top 25 Artificial Intelligence nations, but it has the 'the greatest upward potential' according to research by Tufts University's business school, the Fletcher School. At the top is the US, followed by China, fighting for global leadership in AI followed by the UK, Japan, and Germany. In the 15th spot, India is ahead of Brazil, Argentina, Indonesia, Mexico, Turkey, Indonesia and Thailand.
Clearly, LoCs are becoming a key arrow in India's economic diplomacy quiver.
China tops the list with 3.5 million, followed by Brazil with 918,000.
RBI said more monetary transmission to support growth continues to be critical.
Kapil Sibal said there will be multiple places from where cyber war could take place, it will involve individuals, sections of society, businesses, terrorists, drug dealers and those who want to generate violence.
A bench of Chief Justice J S Khehar and Justice D Y Chandrachud said the parties should appear before the Constitution bench and formulate issues to be taken up for the hearing.
Policy rates have been reduced substantially in 2015.
The Union Cabinet has approved the policy framework for establishing a Non-resident Indian/Person of Indian Origin (NRI/PIO) university in India.
This time around the party's election manifesto committee which has already begun its meetings to prepare the draft for the 2009 Lok Sabha polls has decided to discard its usual cut and paste approach and instead listen and learn from the experts.
Ruling out any change in India's sovereign rating due to a political standoff over the Indo-US nuclear deal, credit rating agency Moody's on Wednesday said the crisis was not serious enough to dent the country's economic policy framework.
India and Sri Lanka consider an open sky policy within the framework of the air traffic agreement of the SAARC nations.
The contracts for the procurement of the platforms and weapons systems were signed in the presence of Defence Minister Rajnath Singh and defence secretary Giridhar Aramane, under whose guidance these deals fructified, an official readout said.
Dropping references to the demolition of Babri Masjid in Ayodhya, the killing of Muslims in Gujarat riots and Hindutva, and tweaking the reference to Manipur's merger with India are among the latest set of revisions made public by the National Council of Educational Research and Training (NCERT) in its textbooks.
Richard Clarida's recent paper could be key for policymakers in deciding whether India should move to an 'inflation targeting policy regime', says Vivek Dehejia.
Insurance regulator IRDA has issued anti-money laundering guidelines that include strict adherence of KYC norms by insurance companies.
Envisaging to further expand the scope of radio, Telecom Regulatory Authority of India on Wednesday invited suggestions on issues relating to satellite radio service to chalk out a policy framework for the new technology which, among other things, ca
India urged Canada to disallow activities of groups promoting extremism, prevent attacks on places of worship of religious and racial minorities, and enhance measures to address hate crimes and hate speech.
Close on the heels of Boeing's defence of India to the US International Trade Commission's investigation into India's trade, investment and industrial policies, IBM has also sprung to New Delhi's defence in an otherwise sea of criticism of India's violations of intellectual property rights, local content requirements, among other issues of concern to US business and industry.
Majority of foreign companies plan expansions and perceive 'opportunities' for higher investment provided bottlenecks in infrastructure, legal and labour laws are removed, a survey by Federation of Indian Chambers of Commerce and Industry said.
