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A European Approach to Regulate Artificial Intelligence: Possible Global Impact

  Krishna Ravi Srinivas, PhD, Consultant & Senior Fellow, RIS On 21 st April European Commission (EC) unveiled an ambitious and broad proposal on regulating Artificial intelligence (AI) in Europe. It is primarily aimed at regulating AI and its applications in European Union. However, given the role of EC as a regulator and promotor of innovation and EU being a major market for AI besides home to institutions and companies that are doing pioneering work at AI , it has global implications. The proposal (‘Regulation of The European Parliament and of The Council Laying Down Harmonised Rules on Artificial Intelligence (Artificial Intelligence Act) And Amending Certain Union Legislative Acts) and Proposal for a Regulation of the European Parliament and of the Council on machinery products, will now undergo a lengthy review process at the European Parliament and at the European Council, that represents the 27 national governments. The final approved version may be different from what E

Debt Crisis in Emerging Markets and Global Response Measures

  Ms. Aditi Gupta  Research Assistant, RIS Introduction A recent Dev Talk by OECD on “Debt sustainability and COVID-19: what’s next for Africa and Latin America" threw light on the issue of debt sustainability in emerging markets. By the end of the first quarter of 2020, the foreign-currency debt of emerging market economies amounted to more than USD 8.4 trillion [1] . COVID-19 crisis further exacerbated the debt crisis in developing economies. The situation has worsened as local currencies have become weak, government revenues and foreign exchange reserves have fallen along with tightening of credit markets. Countries like Venezuela, Argentina, and Lebanon have already defaulted on their debts. Average public debt ratios were expected to rise up to 70% of African countries’ GDPs by 2020 and up to 75% of Latin American countries’ GDPs by 2021. Under the COVID-19 crisis, various national governments assisted vulnerable households with unemployment benefits and subsidies and pro

Inclusion is Smart and Good But? Digital Technologies, Science and Gender

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  Krishna Ravi Srinivas, PhD, Consultant & Senior Fellow , RIS   On the Occasion of International Day of Women and Girls in Science (11 th February) ,   UNESCO released a chapter from the forthcoming World Science Report (WSR) , titled as ‘ To be smart, the digital revolution will need to be inclusive’ [1] focussing on the gender dimension and the case for inclusion in, inter alia, digital technologies, innovation, and science. Given the emphasis on smart in the title of WSR, the title of the chapter is not surprising. The chapter highlights various issues in gender inclusion in Fourth Industrial Revolution (4IR) , AI, STEM, diversity in technology sectors, patents and intellectual property rights and the need to measure gender inclusion. In the 4IR, skills shortage that is expected can be addressed by educating and training women. “ For women to seize upon the opportunities offered by the 4IR, there will need to be a level playing field in terms of access to enablers such

Union Budget of Healthcare 2021: Interlinking All Aspects of Health

  By Apurva Bhatnagar, Research Assistant, RIS The Hon. Finance Minister on 1 st February, 2021 announced a 137 per cent increase in the budgeted expenditure on healthcare in India. The budget healthcare expenditure has increased to 2.33 lakh crore for FY 2021-22 from 94.45 thousand crore in FY 2020-21. With the National Health Policy, 2017 (NHP) envisaging annual expenditure on health and wellbeing at around 2.5 per cent of GDP by 2025, this is surely a welcome step towards that direction. It should be noted that healthcare is currently in the state list, although there has been growing pressure from public healthcare experts in India that the subject should be moved to concurrent list. Expenditure of all state governments on Health and Family welfare has increased modestly from 0.6 per cent of GDP to 1 per cent of GDP during 2010-11 to 2020-21. [1] As noted by various public health experts/organizations, including RIS, this figure is still low, particularly when compared with int