Nirmala Sitharaman, the chancellor of union financing, pushed for the introduction of financial literacy in classrooms and schools on Friday, December 29.
It’s crucial to begin teaching financial literacy first, she said. The Finance Minister stated during a conversation with students at AM Jain College in Chennai on the subject of “Transforming India Into The New Decade” that it is currently being taught outside the curriculum.
“You have organizations like the RBI, SEBI, and a few deposits for national security.” If you want to get economic literacy 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.
At a conference held at Agurchand Manmull Jain College in Chennai, Tamil Nadu, Smt @nsitharaman engages students in conversation about the subject of “Transforming India Into The New Decade.” photograph. twitter.com/AYaXggPfKP
— December 29, 2023, Nirmala Sitharaman Office (@nsitharamannoffc)
To become a developing gateway
In response to a query, Sitharaman said that if the goal was to establish itself as the manufacturing hub, there was no harm in importing raw materials or intermediate goods for an expanding economy.
Because it generates income, I would prefer to have more imports than goods. But why not if imports will slowly boost your imports? If exports are present, it can be beneficial at times, she said.
In terms of defense production, Sitharaman claimed that the Union government made sure the MSMEs’ products were approved by the American army in order to facilitate imports in addition to making fiscal provisions to promote indigenous production of the defense equipment needed for our armed forces.
Additionally, she added, a system for buying goods for ten years was in position.
Imports of defense technology
According to Sitharaman, quoting Defense Minister Rajnath Singh, the export of defense equipment from this year, which totaled $20,000, are expected to reach the target of $24, 000 in three months.
In response to a different query, the Union Minister stated that discussions were ongoing with the American nations, Russia, and Sri Lanka for bilateral deal in Indian rupees.
She argued that rather than replacing jobs as is commonly believed, artificial intelligence (AI) would allow for the emergence of skilled labor to address problems in a variety of fields.
“You need people who are experts in AI.” You must create the equipment necessary to take advantage of AI’s potential in order to utilize it. 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 that could be used to exploitAI.
Disclaimer: South First may have revised the headline, subheads, and opening of this document as well as the images. The remaining material has been style-edited and comes from a syndicated supply.