Digital Economy Current Affairs - 2020

G20 Digital Economy Ministers meet held through video conference

On April 30, 2020, G20 Digital Economy Ministers meeting was convened. A ministerial statement was issued by the G20 Digital Economy Task Force at the meet. India was represented by the Union Minister Ravi Shankar Prasad.

Highlights

According to the meet, the ministers have decided on the following

  • To strengthen communication infrastructure
  • To improve infrastructure to achieve cyber secure world
  • To provide non-personal data exchange in a secured manner
  • To make use digital solutions in health care.

G20 meet

A virtual G20 meet was held on March 27, 2020. The meet was chaired by Saudi Arabia. The countries decided to inject 5 trillion USD to improve the global economy that is badly affected due to COVID-19 threats. This ministerial meet is a follow up of the main summit

The G20 countries also held agricultural ministers meet where the countries agreed to work together on food security and nutrition. A finance ministerial meeting was held and concluded that coordination among the member countries will be enhanced. Also, the International Monetary Fund will deliver a support package.

The energy ministers of G20 met to ensure stable energy markets. The energy markets were badly affected as the demands of oil reduced throughout the world due to lock down.

Artificial Intelligence based Chatbot ASKDISHA launched by the Railways

The Indian Railways recently launched Artificial Intelligence based chatbot called “ASKDISHA”. The chatbot will interact with the Railway customers in Hindi language resolving their queries.

Highlights

The Chatbot was initially launched in 2018 in English. Now, the chatbot has been empowered to converse in Hindi. The bot handles more than 3.000 inquiries. There are further plans to launch the chatbot in more languages.

AI in Indian Railways

Indian Railways is the fourth largest in the world. The technology of Artificial Intelligence in Indian Railways is implemented in the following areas

  • To Schedule trains
  • To control speed of the trains
  • Delay prediction and Reduction. GoI is currently planning to extend this application to inform passengers about the delay in trains.

Budget 2020

In the Union Budget 202, Rs 1.61 lakh crores were allocated for Indian Railways. This is 3% higher than the previous year budget allocation. With this, GoI plans to make the railway stations smarter with faster Wi-Fi and easy smart digital technology-based ticketing.