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Showing posts from June, 2022

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...

Economic sanctions and International laws

  In last 3 months or so, International sanctions  have been in the news in light of Russia-Ukraine conflict. The moves initiated by United States have been followed up by its allies mainly in Europe. It’s imperative to examine nature of these sanctions and further, do such sanctions carry any validity under International Law.   Sanctions  are primarily, political decisions which graduate into diplomatic and economic steps, initiated by countries unilaterally or multi-laterally (through United Nations) against other countries or organizations or specific persons, under the notion of disciplining them. Real aim is to protect security interests of the sanctioning country while the purported aim could be maintenance of world peace. Sanctions are interventions for punishing an adversary, short of waging war with them, virtually bridging the gap between mere protest /denunciation and use of force.   But the political character of these sanctions cannot be negated. ...