News Update

Congress lambasts Govt on high GST ratesOm Birla meets Speaker of House of Commons in LondonOutgoing US Ambassador Eric Garcetti says ‘India captured my heart’Panagariya says citizens need to choose between freebies & amenitiesGovt consults experts to conceptualise framework on 'Diversity, Equity, Inclusion and Accessibility'Lebanon elects Army Commander Joseph Aoun as New PresidentSeasoned journalist & film-maker Pritish Nandy, 73, passes awayAadhaar-based UAN activation to be done at time of Creation of UAN: SecyL&T Chairman courts controversy by favouring 90-hour work weekJammu-Srinagar Vande Bharat to run Soon between Katra & SrinagarPM virtually flag off Pravasi Bharatiya Express in BhubaneshwarSuperrich tax: India demurs but geopolitics favours such levy!4 killed in Tirupati stampede; CM orders probeGovt swaps Revenue Secretary Arunish Chawla with Tuhin Kanta Pandey; New RS also designated as Finance SecretaryYogi sets up 7-layered security for MahakumbhCX - Provisions of Section 35FF clearly mandate payment of interest from date of pre-deposit until its refund, irrespective of whether Assessee has specifically requested it: CESTATVolvo not worried by Trumpian tariffs; to go ahead with factory in MexicoCX - Charges of clandestine clearance cannot be sustained where no evidence exists to prove shortage of raw material or clearance of final goods: CESTATBond market panic-selloff: Trump scare jolts global investorsST - No Service Tax could be levied on construction of residential complexes prior to 01.07.2010 even when the service is rendered either as service simpliciter or as a works contract: CESTATIndian-origin South African woman swindles 17 couples by staging fake wedding venuesMcDonald drops diversity goals & jettisons ‘wok’ policies in open letter to employeesCus - Penalty imposed u/s 112(a) is invalid where assessee avails of Amnesty Scheme, satisfies tax payment requirements thereunder & where closure letter is issued by DGFT: CESTATDeadly wildfire in LA; 30,000 evacuated, including Hollywood starsI-T - Neither share applicant gets right to receive interest on share application money nor notional interest accrues to it, in absence of allotment of shares: ITATTrump urges SC to pause sentencing in hush money caseIncome Tax Toll Free Number to monitor movement of unaccounted cash & bullionIndiaAI, Microsoft join hands for establishment of AI Safety Institute in IndiaAI & blockchain technologies no more an option but only choice: MoSRailways well on course to make itself future-ready
 
AI & blockchain technologies no more an option but only choice: MoS

By TIOL News Service

NEW DELHI, JAN 09, 2025: UNION Minister Dr. Jitendra Singh emphasized that artificial intelligence (AI) and blockchain technologies are no longer optional but are the only viable choice for the future. While addressing the National Conference on Cybersecurity, Artificial Intelligence, and Blockchain at the PHD Chamber of Commerce and Industry yesterday, Dr. Singh stated, "The challenge lies in best utilizing these technologies for the benefit of mankind."

Recalling his association with the annual conference over the past seven years, Dr. Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy and Department of Space, MoS Personnel, Public Grievances and Pensions, Dr. Jitendra Singhhighlighted the importance of such symposiums, which provide a platform to discuss challenges that the government and society must overcome in contemporary times.

Dr. Jitendra Singh acknowledged that cybersecurity and the challenges posed by next-generation technologies are a global concern, with India being no exception. He noted the rapid pace of technological development in the past decade, driven by Prime Minister Narendra Modi's vision of innovation and technological advancement. However, he also pointed out that technology is a double-edged sword, with malicious actors potentially exploiting these advancements.

The Minister of State for Personnel, Public Grievances, and Pensions also referred to the pioneering initiatives taken by his ministry to improve citizens' lives. One notable example was the Department of Pensions, which was among the first to adopt face recognition technology for issuing Digital Life Certificates. This initiative enables pensioners to obtain their certificates from the comfort of their homes without the need for physical presence at banks or government offices.

Dr. Singh emphasized that the challenges posed by technology should be addressed using technology itself. He stated that AI should be an assistant to humans, rather than a tool for domination. Sharing an example from the Department of Administrative Reforms and Public Grievances (DARPG), Dr. Singh noted that while AI has significantly enhanced grievance resolution, human emotional intelligence remains crucial. Despite achieving a 95% grievance disposal rate, citizens sometimes feel dissatisfied, prompting the establishment of a Human Desk in December 2023 to address these concerns.

Dr. Singh also highlighted how AI has been used to better analyze and resolve grievances through the CPGRAMS portal, which serves as a model for other nations.The minister also underscored that the current government is open to collaborating with non-governmental players to address the future challenges of technology. He referred to the recently approved Bio e3 policy, which enables India to adjust to global economic shifts and contribute significantly to the global stage. Additionally, Dr. Singh spoke about the Anusandhan NRF, which has reduced the nation's dependence on government funds. Through the NRF, nearly 60-70% of funding will come from private sources.

Dr. Singh also highlighted the growth of startups in the past decade, noting that India has witnessed a significant increase in the number of startups, from just 350 to nearly 1,900. He emphasized the need for synergy and collaboration, urging all stakeholders to work together to tackle antisocial elements and vested interests, with the ultimate goal of making India a 'Viksit Bharat' (developed India) by 2047. He also recognized the critical role that forums like the PHD Chamber of Commerce and Industry play in achieving this vision.

The conference also saw the presence of Rajesh Kumar Pathak, Secretary, Technology Development Board, DST; Ashok Mutha Jain, IPS, ADG, Uttar Pradesh Police; Anuj Agarwal, Chairman, Centre for Research on Cyber Crime and Cyber Law; from the PHDCCI Dr. Ranjeet Mehta, CEO & Secretary General, and Vinod Karwa, Chair, MSME Committee attended the conference. Dr. Neha Berlia, Chair, Task Force on Digital Security, joined the session online.

The conference served as a crucial platform for discussions on the future of technology, cybersecurity, and the role of AI and blockchain in shaping India's future. The insights shared by Dr. Jitendra Singh and other experts set the stage for continued collaboration and innovation, which will be essential for India's progress in the coming years.


POST YOUR COMMENTS
   

TIOL Tube Latest

Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy