economic growth – pressnews

[ad_1] Artificial intelligence (AI) is expected to change the face of the world as far as economic transformation is concerned. However, along with the many positives, there are a huge number of negatives that may deprive humanity of all the benefits and in fact, it is widely feared that it may even spark an Armageddon. In this scenario, many AI leaders have put their faith in countries coming up with some sensible AI regulations. And now, Microsoft CEO Satya Nadella underlined the importance of both two countries, India and the US, cooperating on creating rules of governance that would allow only the good to prevail. Not just these two leading countries, Nadella added that a "consensus" on AI is essential at the multilateral levels too. Nadella was speaking at a gathering of business l...

[ad_1] PM attributed India's economic growth to the efforts of the BJP govt to replace 'phone banking' with 'digital banking'. Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. Referring to the previous UPA regime, he said under 'phone banking', instructions were given on phone to banks regarding whom they had to lend to and at what terms and conditions. "The economy of any country is as progressive as its banking system is strong," the Prime Minister said after dedicating 75 Digital Banking Units (DBUs) to the nation via video-conference. Observing that the country has shifted from the pre-2014 'phone banking' system to digital banking in the last ...

Tag: economic growth

Satya Nadella says faster diffusion of AI will ensure equal distribution of economic growth

Replacing ‘phone banking’ with ‘digital banking’ helped in promoting growth: PM