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Showing posts from February, 2025

‘AI shaping our polity, economy, security and society’: PM Modi co-chairs AI Action Summit in Paris

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PM Modi France Visit:   Underlining that the world is at the “dawn of the AI age”, Prime Minister Narendra Modi said “there is a need for collective effort to establish governance and standards that uphold shared values, address risks and build trust.” Opening Statement: Delivering the opening statement as co-chair of the AI Action Summit in Paris, PM Modi said, “Some people worry about machines becoming superior in intelligence to humans, but no one holds the key to our collective future and shared destiny other than us humans. That sense of responsibility must guide us.” Stating that “AI is already shaping our polity, our economy, our security and even our society,” he said that “AI is writing the code for humanity in the 21st century, but it is very different from other technology milestones in human history”. AI: “ AI is developing  at an unprecedented scale and speed, and being adopted and deployed even faster. There is also a deep interdependence across borders.” B...

Union Budget 2025 Explained with Highlights: Push for relief to middle class & tax slab tweaks

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Income tax Budget 2025 Highlights:  Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for those drawing  ₹ 12 lakh and less. Income tax slab changes budget 2025:   The tax slabs and rates are as follows 0-4 lakh rupees: Nil 4-8 lakh rupees: 5% 8-12 lakh rupees: 10% 12-16 lakh rupees: 15% 16-20 lakh rupees: 20% 20-24 lakh rupees: 25% Above 24 lakh rupees: 30% Budget 2025 Important Points Explained Highlights:  Union Finance Minister Nirmala Sitharaman  unveiled her eighth consecutive Union Budget  on Saturday (February 1). The income tax rebates she announced have been the biggest talking point. Schemes for the MSME sector, women, farmers, the education sector, boosting exports, etc. have also been announced. The initiatives announced aim to boost self-reliance, with an eye on Atmanirbhar Bharat. Given the widespread discontent among the middle class, the announcement of...