logo
PM Narendra Modi urges tech-first governance, boost for startups, MSMEs

PM Narendra Modi urges tech-first governance, boost for startups, MSMEs

Time of India21-04-2025
Prime minister
Narendra Modi
has called on India's civil services to embrace a technology-first approach while staying firmly rooted in sound human judgement.
'No matter how tech-driven the world becomes, we should never forget the importance of human judgements,' PM Modi said while addressing bureaucrats in New Delhi at the 17th
Civil Services Day
programme.
Modi emphasised a complete shift toward tech-driven, efficient governance, stating that 'quality is governance.' He highlighted that India is now 10–11 years ahead of many countries in using digital tools to streamline public services and business processes.
He further added that over 40,000 compliances have been removed, delays reduced, and errors decriminalised, resulting in a major push for ease of doing business.
A recent Accenture study,
surveying 190 Indian executives and 4,000 globally, reveals that by 2025, AI will not just automate existing business processes but also create new processes, workflows, and software.
Echoing a similar sentiment earlier this month, the ministry of electronics and information technology (
MeitY) secretary S Krishnan
, noted that India has little reason to fear job losses from artificial intelligence (AI).
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
Krishnan stated that ongoing workforce training initiatives are preparing individuals for new and emerging roles in the evolving job market shaped by AI advancements.
Fuelling MSME & startup growth
In a rapidly evolving economic landscape, PM Modi emphasised the critical role of officials in supporting startups and MSMEs as key drivers of innovation.
Modi urged officials to view themselves as enablers of growth, especially for startups and MSMEs, in light of India's evolving economic landscape, where smaller enterprises are becoming key drivers of innovation, supply chain management, and global competitiveness.
He underlined that India is no longer a passive player but is leading globally—citing the G20 presidency and India's innovation benchmarks. He called for greater adoption of global technologies and a holistic approach in governance.
'In today's digital and information age, governance is not just about managing systems. It's about multiplying opportunities,' Modi said, stressing the need for civil servants to be tech-savvy, skilled in data-driven decision-making, and proactive in cybersecurity.
Earlier, Union minister
Piyush Goyal highlighted
that Indian startups are gaining global recognition with strong deal pipelines. He stressed the need to strengthen both upstream and downstream sectors for a more centralised ecosystem.
Challenges ahead
As technology continues to advance, significant disruptions in the workforce are becoming increasingly evident. Job displacement and the need for reskilling are set to escalate, reshaping industries across the globe.
According to data from layoff tracking platform Trueup, the
tech sector has seen 234 layoffs
this year, affecting 45,656 employees, averaging 439 layoffs per day.
Microsoft
cofounder Bill Gates also predicted that over the next two decades, AI advancements will greatly reduce global dependence on human labour in both white-collar and blue-collar jobs.
According to Gates, in 20 years
, AI will have transformed industries to the point where the current capitalist framework may no longer fully explain the changes, as robots will be capable of performing both physical tasks traditionally done by blue-collar workers and intellectual tasks usually handled by white-collar workers.
Experts view the
job cuts in 2024
as early signs of displacement, with roles becoming redundant due to AI adoption. TeamLease Digital forecasts that by 2027, over 16 million Indian workers will need reskilling and upskilling to adapt to AI's impact.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Scared to go outside': Indian student plans to return home after violent attack in Ireland
‘Scared to go outside': Indian student plans to return home after violent attack in Ireland

Indian Express

time26 minutes ago

  • Indian Express

‘Scared to go outside': Indian student plans to return home after violent attack in Ireland

An Indian man in Dublin was reportedly attacked by a group of teenagers over the weekend, in what he says was an unprovoked assault. 'One of the youths rode up on an electric scooter and suddenly kicked me in the stomach,' the man told Irish news outlet, The Journal. 'Many of my friends are even scared to go outside,' he added. The incident marks the fourth racist attack in Dublin within a month and comes after President Michael D Higgins on Tuesday condemned the violence as 'despicable' while expressing a 'deep sense of gratitude' for the Indian community. The victim, speaking on condition of anonymity to The Journal, said around 5:30 pm on Sunday, he was walking home from Fairview Park when the teenager took his metal water bottle and struck him above the eye, causing a deep cut and heavy bleeding that required eight stitches. As he tried to walk away, two more joined in, punching and hitting him until he fell, where they continued the attack. He now plans to return to India following the assault. Although bystanders did not intervene, two teenagers later called the police. The man was taken to hospital. Police are investigating and have appealed for witnesses. He said his friends from the Indian community are 'scared to go outside' after an increase in — (@thejournal_ie) August 12, 2025 His parents, worried after the assault, urged him to return to India. He has since requested an extension from his university to complete his thesis remotely from home. The victim as per The Journal also said he felt 'let down' by the Indian Embassy. According to him, his brother contacted the Embassy the day after the attack. He was then asked via phone to send an email outlining the incident — but has received no follow-up since. The assault is among a spate of violent incidents targeting Indian nationals in recent weeks, including attacks in Tallaght, Waterford, and Dublin. Other recent attacks include a man being stripped and beaten after a false accusation in Tallaght, another man assaulted on his way home from a friend's apartment, and a six-year-old girl attacked in Waterford. The Indian Embassy in Dublin has advised citizens to 'take reasonable precautions for their personal security and avoid deserted areas, especially in odd hours.'

Brigade Hotels signs agreement to build 6 new Marriott hotels by FY30
Brigade Hotels signs agreement to build 6 new Marriott hotels by FY30

Business Standard

time29 minutes ago

  • Business Standard

Brigade Hotels signs agreement to build 6 new Marriott hotels by FY30

Bengaluru-based Brigade Hotel Ventures (BHV), which recently listed on the bourses, on Wednesday signed a multi-deal agreement with global hotel chain Marriott International to develop six hotels for the company. Coming up in four key southern cities — Chennai, Bengaluru, Thiruvananthapuram and Kochi — the move will add about 940 keys to BHV's portfolio in the country, taking it to 3,300 keys. The new hotels will be classified under the Fairfield by Marriott, JW Marriott, Courtyard by Marriott and The Ritz-Carlton brands. 'With this signing, Brigade reinforces its nearly 15-year partnership with Marriott, further strengthening a successful relationship and bringing the total to eight hotels with Marriott, totalling 1,388 keys,' the company stated in a release. While the Courtyard by Marriott offering at Chennai World Trade Center with 45 keys is expected to open in financial year 2027 (FY27), the Fairfield by Marriott Bengaluru International Airport (224 keys) and Fairfield by Marriott Bengaluru Brigade Valencia (151 keys) are set to open in FY28. Additionally, the JW Marriott at OMR Chennai with 250 keys, the 70-key all-villa Ritz-Carlton Vaikom Island in Kerala, and the mixed-use Thiruvananthapuram Marriott Hotel World Trade Center with 200 keys are set to open in FY30. 'Our growth strategy focuses on being present where our guests want us to be. Today's signed agreement underscores our long-standing relationship with Brigade Hotel Ventures Limited, and leveraging the strength of our diverse brand portfolio, we are confident these new developments will meet the needs of travellers, for every trip purpose,' said Rajeev Menon, president, Asia Pacific excluding China at Marriott International. Last month, the NASDAQ-listed global hospitality major had signed an agreement with Blackstone-backed Ventive Hospitality for six new hotels — at Varanasi in Uttar Pradesh, Mundra in Gujarat, and Pune and Navi Mumbai in Maharashtra — by 2030. The American hospitality chain currently has over 155 hotels and over 29,000 rooms in more than 40 Indian cities. Earlier this year, Anthony Capuano, president and chief executive officer of Marriott International, had stated that he expects India to become its third-largest market within five years. "We will continue the momentum we enjoy in the upper, upscale, and luxury segment. We will also look at the lower end of the chain scales and create more opportunities for the value-conscious inbound international traveller and the domestic traveller," Capuano had said.

Muthoot Finance Q1 Results: Standalone profit surges 90% to Rs 2,046 crore on strong loan growth
Muthoot Finance Q1 Results: Standalone profit surges 90% to Rs 2,046 crore on strong loan growth

Economic Times

time29 minutes ago

  • Economic Times

Muthoot Finance Q1 Results: Standalone profit surges 90% to Rs 2,046 crore on strong loan growth

Indian gold loan financier Muthoot Finance reported a bigger-than-expected 90% surge in first-quarter profit on Wednesday, aided by higher loan demand as prices of the precious metal soared. ADVERTISEMENT Muthoot Finance reported a standalone profit of Rs 2,046 crore ($233.91 million) for the April-June quarter, above analysts' estimate of Rs 1,624 crore, per data compiled by LSEG. Gold prices hit multiple record highs during the quarter. This benefits gold financiers as higher prices increase the collateral value, allowing borrowers to secure larger loans for the same amount of gold. Additionally, tighter lending in the unsecured segment prompted people to shift to gold loans as an alternative source of funds, analysts said. Muthoot Finance's standalone loan assets under management rose 42% year-on-year to 1.2 trillion rupees at the end of the quarter, and interest income jumped about 53% to 55.92 billion rupees. "We are well-positioned to sustain strong growth through fiscal 2026 and beyond," Managing Director George Alexander Muthoot said in a statement. ADVERTISEMENT The company also approved equity infusion of 5 billion rupees and 2 billion rupees in its units, Muthoot Money and Muthoot Homefin, respectively. Unlock 500+ Stock Recos on App (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store