look news india
This time, Finance Minister Nirmala Sitharaman has started consulting economists before announcing the budget. Economists recently met Finance Minister Sitharaman. In which they discussed in detail about the upcoming budget. During this, the focus was on development, fiscal policy, investment and private sector participation. Along with this, robot tax was also a topic of discussion. So then know what is robot tax and on whom it can be imposed.
Recommendation for robot tax
The impact of Artificial Intelligence (AI) on employment was also discussed in the meeting. The discussions with the Finance Minister also covered several key areas, including a proposal for a 'robot tax' to reskill displaced workers. These include measures to encourage private investment, create jobs, maintain fiscal prudence and control debt levels and food inflation. A particular topic was the increasing use of artificial intelligence and its potential impact on employment. An economist has suggested the idea of a 'robot tax'. This tax could fund the rehabilitation of workers affected by AI-based displacement.
What is a robot tax?
AI will open up job opportunities in many sectors in the coming times. In such a situation, many people believe that AI and robots should be used in a balanced manner with restraint and wisdom. Therefore, there is talk of imposing robot tax on its use, so that the money received from robot tax can be spent on skill development of employees who have lost their jobs and they can get employment again.
Economists have suggested measures to protect local industries and further promote private investment in the upcoming budget. By June 25, the Finance Minister and his team will hold discussions with the industry, farmers' associations, MSMEs, trade unions regarding the preparation of the budget.
