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Tag: Piyush Goyal

  • Union Minister JP Nadda Named Leader Of House In Rajya Sabha |

    JP Nadda, the Union Health Minister and a prominent member of the Bharatiya Janata Party, was named the Speaker of the Rajya Sabha today. In the Cabinet, Mr. Nadda is also in charge of the Chemicals and Fertilizers portfolio. The Union Minister will be replacing Piyush Goyal as the Leader of the House. Goyal took oath as a member of the Lower House.

    Congress president Mallikarjun Kharge is the Leader of the Opposition in the Rajya Sabha. Besides Nadda, there are 11 members of the Upper House who are in the Union Council of Ministers.

  • India AI Mission: Check 8 Key Components Of Cabinet’s Newly Launched Plan |

    New Delhi: Yesterday, March 8, 2024, the union cabinet under the leadership of Minister Piyush Goyal introduced the India AI mission, allocating Rs 10, 371.92 crore for its implementation. The mission is launched to boost AI development in the country for the next 5 years. For ease, we have decoded the key components of India’s AI mission.

    IndiaAI Mission: How It Will Be Implemented?

    According to the union minister Piyush Goyal’s briefing, the implementation of the mission will be executed by IBD and DIC. (BIG Bonanza To Ujjwala Beneficiaries; Govt Extends Rs 300 LPG Subsidy)

    1. Compute Capacity

    Speaking to the reporters after the cabinet meeting, Union Minister Piyush Goyal said, one of the primary focuses of the AI mission is to establish an ecosystem equipped with AI compute infrastructure, comprising 10,000 or more graphics processing units (GPUs). (Also Read: Good News For Job Seekers! Elon Musk’s Firm X Has Over 1 Million Openings)

    The government has planned to develop this infrastructure through public-private partnerships.

    2. AI Marketplace

    The government plans to create an AI marketplace, offering AI as a service and pre-trained models to AI innovators. This initiative aims to facilitate access to AI resources for developers and entrepreneurs.

    3. Startup Financing

    Deep-tech AI startups will receive support under this initiative. This will boost the growth of innovative ventures in the AI space.

    4. Non-Personal Dataset Platform

    The India AI Datasets Platform will streamline access to non-personal datasets for entrepreneurs and startups. A unified data platform will be developed to provide seamless access to these datasets, aiding Indian startups and researchers in their endeavors.

    5. Innovation Centre

    The India AI Innovation Centre will focus on developing and deploying indigenous large multimodal models and domain-specific foundational models in critical sectors, contributing to technological advancements.

    6. AI Application in Critical Sectors

    Through the IndiaAI Application Development Initiative, AI applications will be promoted in critical sectors, addressing problem statements sourced from the government. This initiative aims to leverage AI to enhance efficiency and address challenges in various sectors.

    7. IndiaAI FutureSkills

    Under the FutureSkills program, entry into AI programs and courses at undergraduate, master’s, and Ph.D. levels will be encouraged. Additionally, data and AI Labs are planned to be set up in Tier 2 and Tier 3 cities across India to provide foundational-level courses.

    8. Responsible AI

    To ensure the responsible development and deployment of AI, projects will be initiated to develop indigenous tools and frameworks. Self-assessment checklists for innovators and other guidelines and governance frameworks will also be established.

  • India, Saudi Arabia can consider taking bilateral trade to $100 billion: Piyush Goyal

    “Maybe this could be a way to start better flow of trade and investment and it will also show how we can double our trade, which is currently about US$52 billion,” Goyal said at an event here. It’s a dollar.

    “Can we be more ambitious and take it to US$100 billion? Can we consider a more balanced trade? Can we consider making India a food security provider for Saudi Arabia? “While Saudi Arabia helps us provide more energy security like oil and fertilizers…it will actually be completely beneficial to both sides.”

    India’s exports to Saudi Arabia have increased from US $ 8.8 billion in 2021-22 to US $ 10.72 billion in 2022-23. On the other hand, imports increased from US$ 34.1 billion in 2021-22 to US$ 42 billion in 2022-23.

    Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdul Aziz Al-Saud is currently on a state visit to India after the conclusion of the G20 summit on Sunday. He is also accompanied by a delegation of ministers and businessmen.

    About 50 MoUs worth US$ 3.5 billion have been signed between India and Saudi Arabia.

    Meanwhile, according to an official statement issued by the Ministry of New and Renewable Energy (MNRE), India and Saudi Arabia on Monday signed an agreement to promote cooperation and bilateral investment in the energy sector.

    According to the statement, “A Memorandum of Understanding (MoU) between the Government of India and the Government of Saudi Arabia was signed in the national capital on September 10.”

    The statement said that the agreement was signed by Union New and Renewable Energy and Power Minister R. Of. Singh and Saudi Arabia’s Energy Minister Abdulaziz bin Salman Al-Saud.

    According to the MoU, India and Saudi Arabia will cooperate in the areas of renewable energy, energy efficiency, hydrogen, power and grid interconnection between the two countries, petroleum, natural gas, strategic petroleum reserves and energy security. Its objective is to encourage bilateral investment in the fields of renewable energy, power, hydrogen and storage and oil and gas.

    read this also :

    * The whole world witnessed the most successful G20 summit held in India: Saudi Arabia
    * Economic corridor important for both countries: PM Modi on talks with Saudi Crown Prince
    * Bilateral talks between PM Modi and Crown Prince of Saudi Arabia, focus on trade, connectivity and security

    (This news has not been edited by NDTV team. It is published directly from the syndicate feed.)