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Union Finance Minister Nirmala Sitharaman, in her speech at AM Jain University, emphasized the need to comprehensively incorporate financial literacy in the educational curriculum. She argued that “teaching financial literacy is very important and must start early.”
Ms Sitharaman expressed concern that financial literacy is currently being communicated outside of academia and stressed the importance of integrating it into school and university curricula. “There are also agencies like RBI, SEBI and some national security agencies.If you want to take it, financial literacy lessons are also taught online over a period of several weeks.But it is not taught in schools or colleges as part of the education. “It should be taught ‘curriculum,'” she said.
Replying to a question on export-import dynamics, Sitharaman clarified: “Ideally, you would like to export more than you import because it brings in income. But if imports improve exports over time, why not do it? If you have imports, then once in a while OK.”
Touching on defense production, Ms. Sitharaman outlined the government’s efforts to promote indigenous manufacturing of defense equipment for the military. She referred to budget provisions to encourage MSMEs and highlighted certification of products by the Indian Army to boost exports. He also highlighted the center’s mechanism to enable 10-year purchasing plans for such products.
Quoting Defense Minister Rajnath Singh, Sitharaman pointed out that defense equipment exports are trending well and is expected to reach Rs 24,000 crore within three months from the current Rs 20,000 crore. did.
Regarding bilateral trade talks, the Union Minister mentioned ongoing discussions with African countries, Russia and Sri Lanka, with a focus on trade in Indian rupees.
Addressing concerns that artificial intelligence (AI) will impact employment, Sitharaman dismissed the idea and instead emphasized its potential to create skilled talent to tackle diverse challenges. “We need people with AI expertise. To use AI, we need to develop tools that can harness the power of AI. Naturally, that’s going to be done by people like students.” she said.
Emphasizing the potential for the emergence of new areas and corresponding expertise through AI, Sitharaman said, “The specific new areas of expertise that emerge will also create a huge number of types of talent and skills that can leverage AI. “I guess so,” he concluded.
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