Aside from accident courses on financial literacy, according to Sitharaman, the education system should also accept it.
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Financial education should be taught in schools, according to FM Sitharaman.
Union Finance Minister Nirmala Sitharaman has criticized the training of financial education in schools and colleges, claiming that educational institutions are a cornerstone for financial freedom. The Finance Minister stated that teaching financial education is crucial and that it must begin first in response to an event in Chennai. She emphasized that the current education did not directly address economic literacy. “You have organizations like the RBI, SEBI, and a few deposits for national safety.” If you want to get financial education classes, they are also available online and are spread out over a few weeks. But she added that it ought to be covered in the curriculum in colleges and schools.
In response to a query, Sitharaman said that if the goal was to establish itself as the production hub, there was no harm in importing raw materials or intermediate goods. Because it generates income, I would prefer to have more imports than goods. But why not if goods are going to eventually boost your export? It’s often good if goods are present, she said.
In addition to making budgetary provisions to promote indigenous production of defense equipment needed for our armed forces, Sitharaman said the Center made sure that the MSMEs’ products were approved by the Indian army in order to facilitate exports on the new occasion of the nation reaching the step of Rupees. 1 lakh crore in defense production. Additionally, she added, a system for buying goods for ten years was in position.
According to Sitharaman, citing Rajnath Singh, the defense equipment exports this year, which totaled Rs 20,000 billion, are expected to reach their target of Rs 24, 000 billion in three months. In response to a different query, the Union Minister stated that discussions were ongoing with the African nations of Russia and Sri Lanka regarding bilateral deal in Indian rupees. The Finance Minister disputed the myth that AI will replace jobs at a time when Artificial Intelligence (AI) is having an impact on numerous industries around the world. She claimed that it would open the door for the formation of skilled labor to meet the difficulties in various fields. AI experts are what you need. To apply AI, you must create the equipment that will allow you to take advantage of AI’s potential. Naturally, individuals like you students may carry it out, according to Sitharaman. According to the Finance Minister, selected new domain knowledge that emerge would produce a wide range of people and skills with which AI could be used.