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Nirmala Sitharaman Sets Task Force For Implementing Artificial Intelligence In Manufacturing Sector

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Union Commerce and Industry Minister Nirmala Sitharaman has constituted a task force to foster artificial intelligence in the manufacturing sector. The task force is designated to prepare for industrial revolution 4.0 and digitise the manufacturing sector. In a statement, she said, "With rapid development in the fields of information technology and hardware, the world is about to witness a fourth industrial revolution." Sitharaman in her statement added that "the power of big data, high computing capacity, artificial intelligence and analytics will be used to digitise manufacturing in India." Inc42 earlier reported that Nirmala Sitharaman used her MPLAD funds for setting up an incubator and coworking space in Mangaluru.


Business Insider India: Latest News on Tech, Careers & Jobs, Finance, Money, Politics, Life & Strategy

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Finance minister Nirmala Sitharaman has asked the Reserve Bank of India (RBI) to identify the people who played a role in creating the Yes Bank crisis. She has also asked the RBI to assess the adequacy of regulatory and supervisory norms in India. Sitharaman wants the crisis to be resolved under due process of law, but with a sense of urgency. Finance minister Nirmala Sitharaman has asked the Reserve Bank of India (RBI) to identify the people who played a role in creating the Yes Bank crisis. She has also asked the RBI to assess the adequacy of regulatory and supervisory norms in India.


Nirmala Sitharaman sets up task force on artificial intelligence - ETtech

#artificialintelligence

Commerce and industry minister Nirmala Sitharaman has constituted a task force on artificial intelligence to prepare for industrial revolution 4.0 and digitise the manufacturing sector. "With rapid development in the fields of information technology and hardware, the world is about to witness a fourth industrial revolution," Sitharaman said on Friday. The minister, in a press statement, said that the power of big data, high computing capacity, artificial intelligence and analytics will be used to digitise manufacturing in India. A panel comprising experts, academics and researchers has been formed to explore the possibilities to leverage artificial intelligence for development across various fields. The taskforce is headed by V Kamakoti of Indian Institute of Technology-Madras and includes 17 more members from various government departments and private companies such as HCL Technology and Tata Consultancy Services.


Indian minister holds out hope for Apple stores

PCWorld

Apple may still get to set up wholly-owned stores in India, with the country's Commerce Ministry promising to discuss the matter with the Finance Ministry that had objected to the proposal. Indian government rules require that foreign-owned, single-brand retailers source 30 percent of their products locally, but the Indian government had indicated that it could provide a waiver of that requirement for branded stores of retailers of high-tech products. Apple had hoped for such an exemption from the government. On Monday, Commerce and Industry Minister Nirmala Sitharaman said that her ministry did not oppose providing a waiver to high-tech companies like Apple and would discuss the matter with the Finance Ministry. Apple has decided to focus on India, where it saw 56 percent year-on-year growth in iPhone sales in the last quarter.


Indian minister holds out hope for Apple stores

PCWorld

Apple may still get to set up wholly-owned stores in India, with the country's Commerce Ministry promising to discuss the matter with the Finance Ministry that had objected to the proposal. Indian government rules require that foreign-owned, single-brand retailers source 30 percent of their products locally, but the Indian government had indicated that it could provide a waiver of that requirement for branded stores of retailers of high-tech products. Apple had hoped for such an exemption from the government. On Monday, Commerce and Industry Minister Nirmala Sitharaman said that her ministry did not oppose providing a waiver to high-tech companies like Apple and would discuss the matter with the Finance Ministry. Why this matters: Apple has decided to focus on India, where it saw 56 percent year-on-year growth in iPhone sales in the last quarter.