Posts

Showing posts from March, 2016

Artificial Intelligence and Indian Banking sector

What is Artificial Intelligence (AI) According to WIXEncyclopedia “ AI is a branch of computer science that develops machine systems capable of demonstrating behaviours linked to human intelligence. AI programs use data collected from different interactions to improve the way they mimic humans in order to perform tasks such as learning, planning, knowledge representation, perception and problem-solving ”   Thus, AI is the science of making a computer or a software think intelligently just like a human brain, towards learning how to solve a problem. In a way it helps personalise interaction between a human being and a machine. AI tools are based on three main cognitive skills of learning, replicating and reasoning. AI makes a machine, generally a computer, capable of thinking and responding like a human being. The tasks involving a set of algorithms become automatic through intelligent programming based on learning through experience. Artificial Intelligence (AI) has been stea...

Union Budget 2016

Mr Arun Jaitley has presented the third budget of the present BJP-NDA Government. Truly speaking, the Union Budget is a statement of Income and Expenditure of Government of India , but it gains importance since the income gets generated from various taxes and levies, affecting all citizens and expenditure statement lays down development agenda for the country. In Indian context, Government is the biggest spender, and direction of its expenditure become policy statements affecting vast majority of population. Government's direct tax (income) policies determine the cut in our take home income and indirect taxes (income for Government again) determine how much of our expenses contribute to the Govt coffers like excise we pay on all the goods we purchase. Similarly, Governmnet's expeniture lays down the road map for infrastructure, public health, education, defence expenditure etc etc.  Main thrust of budget 2016 is to strenghthen rural economy and infrastructure development.  ...