Nirmala stresses on AI, regulatory predictability for Viksit Bharat
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Mains·
Why in news
Union Minister Nirmala Sitharaman outlined a roadmap for 'Viksit Bharat' emphasizing AI integration and regulatory predictability to enhance ease of doing business.
Background
The roadmap was presented during a high-level Chintan Shivir attended by officials from the Ministry of Finance and Ministry of Corporate Affairs. It focuses on technology-enabled systems, future-ready tax administration, and efficient fund flows for sustained growth.
Facts for Prelims
- PostNirmala Sitharaman: Union Minister for Finance and Corporate Affairs
- FactChintan Shivir: A high-level meeting involving Ministry of Finance and Ministry of Corporate Affairs officials
- S&TAI integration: Proposed as a tool for enhancing transparency and accountability in governance
For Mains
Q. Discuss how the integration of Artificial Intelligence and regulatory predictability can serve as catalysts for achieving the 'Viksit Bharat' vision by 2047.
Dimensions to cover in your answer
- Institutional capacity: Transitioning from manual oversight to technology-enabled systems for real-time fund flow monitoring
- Regulatory certainty: Reducing compliance friction to improve ease of doing business and attract sustained investment
- Governance transparency: Leveraging digital tools to mitigate administrative opacity and enhance accountability
Keywords: Viksit Bharat · Regulatory Predictability · Ease of Doing Business · Technology-enabled Governance · Fiscal Transparency
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