Expert

The RBI on Monday announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards. The 10-member 'Expert Committee on Benchmarking of its Statistics' has been asked to submit report by the end of November 2024. The panel, chaired by Patra, will also study the quality of other regular data, where such benchmarks do not exist (like sectors of national priority) and provide guidance on the scope for any further data refinement. The other members of the committee are R B Barman (former chairman, National Statistical Commission), Sonalde Desai (National Council of Applied Economic Research, New Delhi and University of Maryland, USA), Partha Ray (Director, National Institute of Bank Management, Pune), and Bimal Roy (former chairman, National Statistical Commission; and former director, Indian Statistical Institute, Kolkata). Paul Schreyer (former chief statistician, OECD), Bruno Tissot (he

Nikhil Gupta, Chief Economist, MOFSL Group said what probably was more important was the Governor's emphasis on headline inflation and the focus on inflation deceleration when growth remains so good

The amusement industry is growing at 15 per cent and is likely to reach the Rs 25,000 crore mark by 2030 or even before that in the country, say industry officials. Industry experts said that the sector holds huge potential for job creation and offers investment opportunities in religious and mythological theme-based parks with the help of technological innovation, laser shows and others. Speaking at a panel discussion on the growth of tourism, amusement, food, travel, Indian Association of Amusement Parks and Industries (IAAPI) chairman Shrikant Goenka said that the amusement industry is growing at the rate of 15 per cent, and there are huge employment opportunities. There are immense investment opportunities to create more theme-based stories, mythological and religious theme parks with the help of technological innovation, laser shows, videos etc. at various religious circuits which are being developed by the Centre and State tourism boards, Goenka said. "Our annual turnover sta

An Electronics and IT ministry-backed expert panel has recommended setting up a semiconductor research centre with an initial investment of around USD 8 billion (about Rs 66,500 crore) over the next five years. The panel on Friday submitted its report to Minister of State for Electronics and IT Rajeev Chandrasekhar who said that the proposed institution is expected to start taking shape next year. The minister said that Prime Minister Narendra Modi's vision is that Indians should be involved in the leadership of semiconductor research. "A group of top minds in semiconductors around the world and country have sat together to design the Bharat Semiconductor Research Centre," Chandrasekhar told PTI. He said that the proposed Bharat Semiconductor Research Centre will be a global institution in semiconductor research. "The design, area in which it should focus etc. have all been today authored and put in a high-quality report by the experts. I'm hopeful that in the year 2024, we should

Scientists and tech industry leaders issued a new warning Tuesday about the perils that artificial intelligence poses to humankind. Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war, said the statement posted online. Sam Altman, CEO of ChatGPT maker OpenAI, and Geoffrey Hinton, a computer scientist known as the godfather of artificial intelligence, were among the hundreds of leading figures who signed the statement, which was posted on the Center for AI Safety's website. Worries about artificial intelligence systems outsmarting humans and running wild have intensified with the rise of a new generation of highly capable AI chatbots such as ChatGPT. More than 1,000 researchers and technologists, including Elon Musk, signed a letter earlier this year calling for a six-month pause on AI development because, they said, it poses profound risks to society and humanity. Countries around the world ar

The Centre on Friday issued an alert to the National Centre for Disease Control (NCDC) and the Indian Council of Medical Research (ICMR) and asked them to keep a close watch on the situation evolving

Our experts from across the industry list ideas, approaches and practices for new year