During her speech at A M Jain College, Union Finance Minister Nirmala Sitharaman emphasized the necessity of fully integrating financial literacy into the academic curriculum. “Teaching financial education was extremely important and it has to start quick,” she argued.
Sitharaman emphasized the importance of including financial literacy in school and college courses while expressing worry that it is currently taught outside the educational setting. “You have organizations like the RBI, SEBI, and a few national security depositor.” If you want to get financial education classes, they are also available online and are spread out over a few weeks. However, she argued that it should be covered in schools and colleges as part of the curriculum.
Sitharaman said, “Preferably, I would like to have the imports more than the exports because it gives income,” in response to a question about import-export dynamics. But why not if goods are going to eventually boost your imports? If goods are present, it’s occasionally great.
Sitharaman discussed the administration’s efforts to encourage indigenous manufacturing of defense equipment for the armed forces in relation to defense production. She emphasized the American army’s product certification to help exports and fiscal provisions that encouraged MSMEs. She also emphasized how the Center’s system allowed for a ten-year order schedule for these goods.
Rajnath Singh, the defense minister, was cited by Sitharaman, who noted a positive trend in the exports of defense equipment and predicted that they would reach the Rs 24,000 million mark in three months from the latest Rs 20,000 crore.
The Union Minister mentioned continuing discussions with African nations, Russia, and Sri Lanka regarding bilateral trade, with a particular emphasis on trade in Indian rupees.
When asked about how artificial intelligence (AI) might affect jobs, Sitharaman dismissed the notion and instead emphasized its potential to produce skilled labor to address a variety of problems. “You need people who are experts in AI.” To employ AI, you must create the equipment that will allow you to take advantage of AI’s potential. She remarked, “Clearly, people like you individuals will do it.”
“Certain new site knowledge that emerges would make so many types of people and talent, too, with which AI could get exploited,” Sitharaman said, emphasizing the potential introduction of novel domains and accompanying expertise brought on by AI.
Additionally, read Cillian Murphy’s Oppenheimer time in which he compares the power of AI to an atomic bomb and exclaims, “That is how terrifying it is.”