Madhya Pradesh govt to present e-budget on March 1
The Chouhan government will present e-budget, a paperless document, this year for the first time in the state assembly on March 1. MLAs will not get hard copies of the budget, instead will be given tabs to read the proposals and department schemes. In 2019, pen-drives were given to MLAs along with the budget copies.
The preparation for the state budget is almost complete and officials are busy giving it the final shape. Officials said that the e-budget would be presented in the House, but for regular reference throughout the year, books of the departmental budget will also be published.
The state budget this year was likely to be of around Rs 3 lakh crore, while the last year’s budget was over Rs 2.79 lakh crore. Officials said it is likely to go up by ten percent. Being an election year, the budget would have announcements for women and farmers. Another area that would be in focus of the state government would be capital expenditure on the lines of the Union budget.
Shanghai Cooperation Organisation (SCO) Summit
The Ministry of Skill Development and Entrepreneurship (MSDE) is organizing a seminar tomorrow at Hyatt Regency on building capacities among Shanghai Cooperation Organisation (SCO) partner nations through skill training and nurturing a new generation of entrepreneurs. At the seminar, India will present its best practices on the digital transformation across different sectors in areas of health, education, skilling, IT and more, with special focus on sectors that helped cater to the welfare challenges faced by the masses during the pandemic.
In addition, there will be a session highlighting Digital Transformation and linkages between industry and Skill based education, to create advocacy about the achievements and learnings in the category, across different sectors such as health, education, skilling, IT etc., which has helped to cater to the welfare challenges faced by the masses during the COVID pandemic. The session will also start a dialogue on how the institutions need to be aligned and stakeholders to be engaged for achieving digital integration across SCO partner nations.
Bima Sugam Portal
Insurance Regulatory and Development Authority of India (Irdai), recently announced the launch of Bima Sugam—an online marketplace that will house all companies selling life and non-life insurance on a single platform.
The online platform will provide you with a one-stop destination for all insurance needs, providing services like buying insurance policies, portability facilities, change of insurance agents and settling of claims. It allows buyers to purchase life, motor or health insurance policies directly. Besides, web aggregators (such as PolicyX, PolicyBazaar, etc.), brokers (such as Bajaj Capital, Probus Insurance Broker, etc.), banks and insurance agents will act as facilitators in selling insurance policies. The Bima Sugam platform will provide all these facilities to policyholders with an e-insurance account (E-IA).
IITs setting up mental-wellness centres to cope with suicides
Peeved over the suicide of an IIT-Bombay student and many more in the past at the prestigious chain of institutes, several Indian Institutes of Technology (IITs) are taking preventive measures such as counselling and mentorship for students with low grades and backlogs, reducing the curriculum load and setting up mental-wellness centres.
Also, the parliamentary standing committee for the welfare of Scheduled Castes and Scheduled Tribes (SC/ST) has called a meeting on Tuesday to discuss the recent suicide by 18-year-old Darshan Solanki at IIT-Bombay.
Suicide by an IIT Bombay student recently amid allegations of caste discrimination has brought the limelight back on the rigorous curriculum and competition at the prestigious institutes. IIT Bombay Director Subhasis Chaudhuri has announced that institute is working towards changes in their UG curriculum to make it “more relevant and motivating to students, and to reduce some stress.
Lexi, India’s First AI-Based Chatbot Introduced in India
India recently launched its first AI-based chatbot named Lexi powered by ChatGPT which is a complex computer machine. The chatbot has been invented by the financial technology firm Velocity. Also, it is integrated into their in-house analytics tool.
This chatbot is designed to provide assistance to e-Commerce founders with business insights in a simplified manner. Moreover, it has been integrated with Velocity’s own analytics tool i.e. Velocity Insights. The Velocity firm made the official chatbot announced in an online blog post.
The Generative Pre-Traind Transformer (ChatGPT) has been integrated into the same WhatsApp interface. This will give customers an opportunity to use the AI-based Lexi and they will be able to ask questions or enquire with the help of this software.
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