Latest news with #Exchequer
NDTV
2 days ago
- Business
- NDTV
"Human Mind Will Always Be Superior To Any Kind Of AI": Piyush Goyal
London: Union Minister Piyush Goyal said that most Indians are convinced that the human mind will always be supreme and superior to any kind of artificial intelligence (AI) and assuaged concerns of job losses due to the emerging technology. He made these remarks during his interaction at the 'Future Frontier Forum' held in London on Thursday. "Artificial intelligence is an area that India is absolutely going to adopt. It's going to bring it to our working. We do not see this as an area of concern that will lead to job losses," the minister said at the event. He added, "Given our talent in the country, I think we should open up many, many more avenues to help the world in terms of data, in terms of decoding new possibilities with AI. So we are only looking at it as a need to retrain our people, to re-skill our talent, but adopt it." "So at the end of the day, most Indians are convinced the human mind will always be supreme. To get the best of AI, the human mind has created it and will be able to tame it and ultimately will be superior to any kind of AI. That I am absolutely sure," he said. Piyush Goyal is on a two-day official visit to the United Kingdom from Wednesday. The visit is aimed at holding key meetings related to the India-UK Free Trade Agreement (FTA). This high-level visit highlights India's growing efforts to strengthen its trade and investment partnership with the UK. It comes shortly after the India-UK FTA was announced by the Prime Ministers of both countries last month. On Thursday, the minister also held a productive meeting with Rachel Reeves, Chancellor of the Exchequer, UK. In a social media post, the minister said, "Discussed avenues for collaboration in financial frameworks, sustainable finance, and unlocking new trade opportunities to further strengthen the India-UK economic partnership." He also had an engaging discussion with Oliver Prill, CEO of Tide, a business financial platform based in the UK. "With India's massive strides in the digital world, we discussed the fintech ecosystem, digital empowerment, and fostering SME-led growth across both economies," Mr Goyal shared.
India Gazette
2 days ago
- Business
- India Gazette
Human mind will always be supreme, superior to any AI, India does not see this as concern for job loss: Piyush Goyal
London [UK], June 20 (ANI): Union Minister Piyush Goyal said that most Indians are convinced that the human mind will always be supreme and superior to any kind of artificial intelligence (AI) and assuaged concerns of job losses due to the emerging technology He made these remarks during his interaction at the 'Future Frontier Forum' held in London on Thursday. 'Artificial intelligence is an area that India is absolutely going to adopt. It's going to bring it to our working. We do not see this as an area of concern that will lead to job losses,' the minister said at the event. He added, 'Given our talent in the country, I think we should open up many, many more avenues to help the world in terms of data, in terms of decoding new possibilities with AI. So we are only looking at it as a need to retrain our people, to re-skill our talent, but adopt it.' 'So at the end of the day, most Indians are convinced the human mind will always be supreme. To get the best of AI, the human mind has created it and will be able to tame it and ultimately will be superior to any kind of AI. That I am absolutely sure,' he said. Piyush Goyal is on a two-day official visit to the United Kingdom from Wednesday. The visit is aimed at holding key meetings related to the India-UK Free Trade Agreement (FTA). This high-level visit highlights India's growing efforts to strengthen its trade and investment partnership with the UK. It comes shortly after the India-UK FTA was announced by the Prime Ministers of both countries last month. On Thursday, the minister also held a productive meeting with Rachel Reeves, Chancellor of the Exchequer, UK. In a social media post, the minister said, 'Discussed avenues for collaboration in financial frameworks, sustainable finance, and unlocking new trade opportunities to further strengthen the India-UK economic partnership.' He also had an engaging discussion with Oliver Prill, CEO of Tide, a business financial platform based in the UK. 'With India's massive strides in the digital world, we discussed the fintech ecosystem, digital empowerment, and fostering SME-led growth across both economies,' Goyal shared. (ANI)
Mint
2 days ago
- Business
- Mint
Human mind will always be supreme, superior to any AI, India does not see this as concern for job loss: Piyush Goyal
London [UK], June 20 (ANI): Union Minister Piyush Goyal said that most Indians are convinced that the human mind will always be supreme and superior to any kind of artificial intelligence (AI) and assuaged concerns of job losses due to the emerging technology He made these remarks during his interaction at the 'Future Frontier Forum' held in London on Thursday. "Artificial intelligence is an area that India is absolutely going to adopt. It's going to bring it to our working. We do not see this as an area of concern that will lead to job losses," the minister said at the event. He added, "Given our talent in the country, I think we should open up many, many more avenues to help the world in terms of data, in terms of decoding new possibilities with AI. So we are only looking at it as a need to retrain our people, to re-skill our talent, but adopt it." "So at the end of the day, most Indians are convinced the human mind will always be supreme. To get the best of AI, the human mind has created it and will be able to tame it and ultimately will be superior to any kind of AI. That I am absolutely sure," he said. Piyush Goyal is on a two-day official visit to the United Kingdom from Wednesday. The visit is aimed at holding key meetings related to the India-UK Free Trade Agreement (FTA). This high-level visit highlights India's growing efforts to strengthen its trade and investment partnership with the UK. It comes shortly after the India-UK FTA was announced by the Prime Ministers of both countries last month. On Thursday, the minister also held a productive meeting with Rachel Reeves, Chancellor of the Exchequer, UK. In a social media post, the minister said, "Discussed avenues for collaboration in financial frameworks, sustainable finance, and unlocking new trade opportunities to further strengthen the India-UK economic partnership." He also had an engaging discussion with Oliver Prill, CEO of Tide, a business financial platform based in the UK. "With India's massive strides in the digital world, we discussed the fintech ecosystem, digital empowerment, and fostering SME-led growth across both economies," Goyal shared. (ANI)
Biz Bahrain
2 days ago
- Business
- Biz Bahrain
Bahrain and UK sign Second Strategic Investment and Collaboration Partnership (SIP2)
In the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, and as part of HRH's official visit to the United Kingdom, the Kingdom of Bahrain and the United Kingdom signed the Second Strategic Investment and Collaboration Partnership (SIP2). The agreement was signed by Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, on behalf of Bahrain, and Rachel Reeves, Chancellor of the Exchequer, on behalf of the United Kingdom. Shaikh Salman bin Khalifa emphasised the strength of the longstanding relations between Bahrain and the United Kingdom, and the steady progress across various domains. He highlighted the mutual commitment to advancing cooperation, particularly in finance and economy. He noted that the SIP2 will support economic growth and job creation in both countries, particularly in shared priority sectors such as financial services, technology, industry, and decarbonisation efforts. As part of the partnership, the Bahraini private sector will invest £2 billion in the United Kingdom to support projects that contribute to carbon reduction and sustainable development. Shaikh Salman bin Khalifa highlighted that the agreement marks a new milestone in economic cooperation between the two countries. It also aligns with Bahrain's efforts to enhance a dynamic and attractive investment environment and boost the competitiveness of its national economy. He further noted that the UK's accession to the Comprehensive Security Integration and Prosperity Agreement (C-SIPA), following an invitation from Bahrain and the United States, will reinforce economic and strategic ties and create new opportunities that benefit both countries and their peoples. Shaikh Salman bin Khalifa underscored the importance of deepening strategic partnerships with allied countries to support sustainable growth, generate quality employment opportunities, promote innovation, and enable knowledge and expertise exchange. BNA(R)
The Print
4 days ago
- Business
- The Print
Goyal reaches London to discuss FTA implementation, ways to promote trade, investment
'Both leaders will review the progress made in the ongoing FTA negotiations and chart out a clear, time-bound roadmap for its finalisation and implementation,' the commerce ministry said. During the visit, Goyal will hold a bilateral meeting with the UK Secretary of State for Business and Trade Jonathan Reynolds. London/New Delhi, Jun 18 (PTI) Commerce and Industry Minister Piyush Goyal is in London on a two-day official visit to discuss issues related to the implementation of the Free Trade Agreement (FTA) and explore ways to boost trade and investment between the two countries, an official statement said on Wednesday. Goyal and Reynolds are scheduled to make their first joint public intervention since the FTA negotiations concluded last month at the India Global Forum (IGF) UK-India Week in a session – Agreement to Action in the UK-India FTA. Reynolds has earlier said that 'this trade agreement is a huge economic win for the UK — the biggest trade deal since Brexit and the best deal that India has ever offered'. The trade deal is estimated to increase bilateral trade in the long run by GBP 25.5 billion every year – from the current annual estimate of GBP 41 billion – as tariffs are slashed across key sectors on both sides. The FTA is now undergoing a process of legal text formalisation before it can come into force. India and the UK had announced the conclusion of the FTA on May 6. The pact aims to eliminate duties on labour-intensive Indian exports such as leather, footwear and clothing, while easing imports of UK products like whisky and cars. It targets to double trade between the two economies to USD 120 billion by 2030. The agreement is yet to be formally signed and implemented. Goyal will also meet Chancellor of the Exchequer Rachel Reeves to discuss macroeconomic priorities, financial cooperation, and investment facilitation between the two countries. Besides, the minister is scheduled to meet Secretary of State for Culture, Media and Sport Lisa Nandy to explore avenues of collaboration in creative industries and innovation-driven sectors. 'These engagements will bring together global business leaders, investors, and policy experts to deliberate on the strategic contours of the India-UK economic corridor and the transformative impact of the proposed FTA,' the statement said. Also, the minister is expected to interact with leading CEOs and industry stakeholders from key sectors, including shipping, fintech, logistics, and advanced manufacturing, with a view to deepening commercial linkages and promoting cross-border investments. Goyal is also set to address a session on 'UK-India Science, Technology and Innovation Collaboration' at IGF London on Thursday. The bilateral trade between India and the UK increased to USD 21.34 billion in 2023-24 from USD 20.36 billion in 2022-23. PTI AK RR HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
