Employment generation Current Affairs - 2020
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The GoI think tank NITI Aayog joined hands with the National Association of Software and Services (NASSCOM) and launched the Artificial Intelligence module for school students. The NITI Aayog is to be represented by Atal Innovation Mission of the think tank.
The Artificial Intelligence module is to be implemented in 5,000 Atal Tinkering labs and this is to empower 2.5 million students. NITI Aayog believes that India shall add 1.3% of its GDP if machine learning and Artificial Intelligence are developed.
It is expected that the global Artificial Market is likely to grow to the range of 15 to 15.5 trillion USD by 2030. Of this India is to certainly contribute 1 trillion USD. Therefore, its is important to prepare work power to sustain the growth of the field. If Indian work power is not being prepared to fill the future requirement, the spaces will be occupied by foreign nationals. This will create unemployment amongst Indian citizens and also push Indian economy backwards.
Tags: Artificial Intelligence • Atal Innovation Mission • Atal Tinkering Lab • Economic Growth • Employment generation
The DefExpo was inaugurated by PM Modi on February 5, 2020. During the Defence Exhibition the Uttar Pradesh Government is to sign 23 MoUs. The agreements will bring in Rs 50,000 crores of investment. This will bring in job opportunities to 3 lakh people.
The DefExpo 2020 being held in Lucknow (Uttar Pradesh) is the biggest ever Defence Exhibition. The Exhibition aims at making India a technological power house through initiatives such as Start up India, Skill India and Make in India.
In order to boost the defence sector, the Indian Government has taken several measures. It has liberalized the FDI (Foreign Direct Investment) to 49% through direct route. Also, GoI liberalized the FDI through government route to 100%.
The DefExpo is biennial event organized by Ministry of Defence. The 11th edition of the event promises to bring in new technological solutions. Defence Ministers from 40 countries are attending the event.
Tags: Artificial Intelligence • defexpo • DefExpo India- 2020 • Employment • Employment generation