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No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh

No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh

by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

However, government functionaries are expected to exercise due diligence and caution to ensure safety, security and confidentiality of public information while using any digital technology or platform, Union minister Jitendra Singh said in a written reply to the Rajya...
Govt discontinues parts of gold deposit scheme amid rising prices

Govt discontinues parts of gold deposit scheme amid rising prices

by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News, Policy

The move is likely to reduce the government’s future obligations and minimise risks related to gold prices. While banks paid the interest on the short-term deposits, the government paid it for the medium- and long-term ones. Banks can continue to offer...
Insurers demand longer term assets to fund Govt’s Rs29.7 lakh crore debt pile

Insurers demand longer term assets to fund Govt’s Rs29.7 lakh crore debt pile

by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

The finance ministry has set a record target of Rs 2.5 trillion of debt to be swapped for the fiscal year starting April 1. With the insurance sector expanding at 12%-13% annually, the goal is within reach, according to Vidya Iyer, head of fixed income at ICICI...
No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh

No proposal to change retirement age of govt employees: Centre

by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

“No proposal to change the retirement age of government employees is under consideration of the government,” Union Minister of State for Personnel Jitendra Singh said New Delhi: The government is not considering any proposal to change the retirement age of...
Govt setting up ecosystem to resolve consumer complaints at pre-litigation stage: Secretary

Govt setting up ecosystem to resolve consumer complaints at pre-litigation stage: Secretary

by AIP Online Bureau | Mar 15, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The technological transformation of NCH with artificial intelligence (AI) tools has led to a significant increase in its call-handling capacity. The number of calls received by NCH has grown nearly tenfold from 14,795 calls in January 2015, Consumer Affairs Secretary...
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