July 8, 2019

News for the IET

Skilling Millennials in Disruptive Tech will Take India to $5tn Markedit

NewsD CXO TV Silicon India

According to Rishi Bhatnagar, President, Aeris Communications and Chairman of IET IoT Panel India, the Union Budget 2019 supports India in its technological revolution where AI along with IoT and Big Data are going to play a major role.

Budget ReactionsDr. Rishi Bhatnagar: Chairman of IET India IoT panelIET
India’s Union Budget 2019 and its impact on the IT Sectoredit

TechGig India Tech Online

Shekhar Sanyal, Director and Country Head, The IET It is heartening to see an outlay of 400 crs to create world class institutions. We have been striving to help engineering institutions attain international benchmarks in higher education.We also welcome the greater focus placed on research and innovation and the setting up of National Research Foundation and a single-window model of research funding and grants which will provide a much-needed impetus to promote research. Further, the initiative of upskilling and reskilling the youth of India in the fields of AI, IoT, Big data, VR, Robotics and 3D printing will enable access to economic opportunities in this ever-competitive evolving future of work.

Budget ReactionsIETMr Shekhar Sanyal: Director and Country Head of the IET
Union Budget 2019: What industry stakeholders have to sayedit

Autocar Professional Business Fortnight 

Dr Jaijit Bhattacharya, Chair, policy working group, IET FoMT Panel & President – Centre for Digital Economy Policy Research & Adjunct Professor, IIT Delhi “It is a very comprehensive budget with deep structural reforms laid out; that is the need of the hour. It is heartening to see continued focus on social safety net in both urban and rural areas and new focus on extending pension to small shopkeepers. The continued focus on public spending, including $1.5 trillion (Rs 10,309,500 crore) on infrastructure over 5 years and housing, would help get the economy on track to become a $5 trillion (Rs  34,365,000 crore) economy in 5 years.

Budget ReactionsIET FoMT

News for other PEI

Cold chain market must for preserving milk, fruits, vegetablesedit

Star of Mysore 

He was delivering a lecture on Low Temperature Preservation of Fruits and Vegetables, organised by the Institution of Engineers (India), Mysuru Local Centre, in association with Indian Society of Heating Refrigerating and AirConditioning (ISHRAE) as part of World Refrigeration Day, at its premises on JLB Road here recently.

Institution of Engineers India(IEI)
AI to Help Predict Cyclonesedit

The Economic Times 

Using AI, researchers have developed an algorithm to detect cloud formations that lead to storms and cyclones. The study, published in the journal IEEE Transactions on Geoscience and Remote Sensing, shows a model that can help forecasters recognise potential severe storms more quickly and accurately. Using AI, the computers were able to point out in real time where, in an ocean of data, should researchers focus in order to detect the onset of severe weather.

AIIEEE

Industry News: Information and Communications

Is This The First Human Drug Completely Designed By AIedit

Analytics India Mag 

Scientists from Flinders University, Australia have recently introduced new vaccines for seasonal influenza (an acute respiratory infection caused by influenza viruses which circulate in all parts of the world) with the help of artificial intelligence. The researchers claimed that this vaccine is the first human drug in the world which is to be completely designed by artificial intelligence.

Artificial IntelligencePharma
Enforcing Security for IoT Devices in Enterprisesedit

Express Computer 

By R Venkateswaran, Senior Vice President, IoT Solutions at Persistent SystemsWith the proliferation of IoT devices in enterprises and data collected by these devices, it has become imperative to ensure the security of the devices, data as well as the enterprises themselves.

IoTSecurity
Budget 2019 and what is means for Digital India, Connectivity, Space Exploration, Electric Vehicles, Technology Retail and moreedit

Digit 

From a technology sector perspective, focus on emerging new technologies in the form of artificial intelligence, data science, big data, internet of things, would revitalise technology companies. Connectivity, infrastructure, media, digital technology coupled with ease of living, ease of doing business and digital literacy is focus of the government, said Tapati Ghose, Partner, Deloitte India.

Digital connectiviryDigital India
Deepfakes: its all in the blink of an eyeedit

Live Mint 

Deepfakes refer to the practice of superimposing audio or video over an existing sourceTake a look at this list: Barack Obama, Vladimir Putin, Mark Zuckerberg, Morgan Freeman, Kim Kardashian and Mamata Banerjee. These are just some of the famous names whose faces have been morphed successfully in videos and images with the help of Artificial Intelligence (AI).

Artificial Intelligencedeepfakes
New programming system developed for Artificial Intelligence applications details insideedit

Times Now News 

Researchers have developed a novel system named “Gen” that can be used for Artificial Intelligence applications such as computer vision, robotics, and statistics without having to deal with equations or manually writing high-performance codes.

Artificial IntelligenceRobotics
Learning robotics from an AI teacheredit

The Times of India 

For husband-wife duo Pranavan S and Sneha Priya, getting a BTech degree was not about finding a lucrative career in a multi-national firm. Prolific makers of robots, the Anna University alumni had their eyes on inspiring children to move away from rotelearning and get experiential learning. They launched SP Robotics Works in 2012 – a Chennai-based education startup, which offers online as well as physical training on robotics, virtual reality and Internet of Things (IoT).

Artificial IntelligenceIoTRoboticsvirtual reality
Budget 2019: Modern technologies get a major boost under Modi govt 2.0edit

The Financial Express 

By Srinath Srinivasan

To assimilate research grants given by various ministries and to coordinate any additional supplementary funds, a National Research Foundation will be set up. This goes in line with the government’s interest in bolstering modern technologies such as Artificial Intelligence (AI), Internet of Things (IoT), 3D printing, Virtual Reality (VR), Robotics and Big Data.

AIBig DataBudget 2019IoTRoboticsVirtual and augmented reality

Industry News: Future of Mobility

India As Global Ev Hubedit

Free Press Journal 

This government is firing on all cylinders when it comes to turning India into a global EV manufacturing hub. No wonder Finance Minister Nirmala Sitharaman has announced an additional tax benefit of Rs 1.5 lakh on the interest paid on loans taken for the purchase of electric vehicles. Besides, the government is also reducing the GST rate on electric vehicles from 12 per cent to 5%.

Electric Vehicles
Green mobility gets fresh e-chargeedit

The Times of India 

The measure is the first direct benefit the government is offering to customers when they purchase electric cars. Currently, the FAME scheme — meant to encourage electric adoption — provides incentives only for taxis and fleet buyers, while there is no particular benefit for private car owners.

e-mobilityFAME II
Government to Ready 500 Km Highway Corridors for Electric Vehicles on Delhi Agra, Delhi Jaipur Route by 2020edit

News 18

Indias first highway corridors with charging stations for electric vehicles are expected to come up along the Delhi Jaipur and Delhi Agra highways by 2020, an official said. The combined stretch of the corridors on the Yamuna Expressway (between Delhi and Agra) and the National Highway 48 (between Delhi and Jaipur) will be 500 km, and 18 charging stations will be setup near toll plazas on the two routes, the official said.

EV Charging Infrastructure
Economic Survey 201819: Adequate charging infra is more important than incentives to drive EV growth in Indiaedit

Media Nama 

The market share of EVs [electric vehicles] increases with increasing availability of charging infrastructure. In India, the limited availability of charging infrastructure seems to be a major impediment to increased adoption of EVs, the Economic Survey 20182019 noted

electric mobilityEV Charging Infrastructure
Green benefits of electric scooters still remain unclearedit

The New Indian Express 

E-scooters touted as zero-carbon urban transport are flooding city streets worldwide, but just how green they are remains an open question.

electric two wheelers
Budget 2019: Govts EV push casts shadow on traditional automobile sectoredit

Business Standard 

With Finance Minister Nirmala Sitharaman lining up sops to make electric vehicles (EVs) affordable for consumers, a battle between EVs and those running on petrol and diesel seems to be taking shape. The government’s renewed focus on EVs has also cast a cloud on the planned $45-billion investment in the gas infrastructure and oil refinery sectors, even as traditional-fuel automobile players are worried too.

AutomobileElectric Vehicles
Boost for EVs evokes mixed reactionsedit

Business Standard 

Home-grown carmakers have lauded the government’s resolve to promote electric-driven mobility, even as the local arms of global firms rued that the fiscal incentives in the Budget leave out other clean vehicle technology options. “As an industry, we could not have asked for more. The onus is now on us to make it work,” said Pawan Goenka, managing director, Mahindra & Mahindra, on the measures announced in the Budget to promote electric vehicles (EVs).

Electric Vehicles

Industry News: Future of Work

New plan to create skill sets for jobs abroadedit

Business Standard 

To prepare youth to take up jobs overseas, the government will increase the focus on skill sets, including language training, that are needed abroad. It will also lay focus on newage skills like artificial intelligence (AI), Internet of Things, big data, 3D printing, virtual reality and robotics, which are valued highly both within and outside the country, and offer a much higher remuneration.

3D printingAIBig DataIoTRoboticsSkill Developmentvirtual reality
Budget 2019: Govt announces increase in allocation to Ministry of Skill Developmentedit

Money Control 

The government is looking to formulate a National Policy for Reskilling and Upskilling for creating industry responsive workforce. According to the ministry data, the allocation to the department was Rs 3,400 crore (budget estimate) in 201819.

ReskillingSkill DevelopmentUpskillingworkforce
Edging past skill gapedit

The Times of India 

In an age of changing work profiles and skill requisites, aspirants must constantly keep learning and pursue their passions to stay ahead of the competition, writes Irwin Anand, managing director, Udemy India

Bridging Skill Gap
Govt to focus on artificial intelligence & robotics to provide highpaying jobsedit

India Today 

The government will focus on imparting newage skills in areas like artificial intelligence, Internet of Things, big data, 3D printing, virtual reality and robotics to equip youth to take up high paying jobs, Finance Minister Nirmala Sitharaman said Friday.

AIJob OpportunitiesRobotics
Age of AI-based recruitmentedit

The Times of India 

“The recruitment industry is going through a metamorphosis today by adopting automated tests, artificial intelligence-based assessment, video CVs, psychometric evaluation, among others. These tools help organisations deal with a large pool of applications much more efficiently when compared to the tasks being done solely by humans,” says Chockalingam Valliappa, vice chairman, Sona College of Technology and founder of HireMee, an AI-proctored online assessment platform for jobs.

AIFuture of WorkHiring

Industry News: Education

Budget focus on higher educationedit

Business Standard 

Finance Minister Nirmala Sitharaman stressed the need to strengthen the country’s higher education system so as to attract foreign students to India. At ~94,854 crore, the allocation for the education sector in the Budget is ~1,000 crore more than what was provided for in the interim Budget.

Higher Education
Modi governments draft education policy must be scrappededit

The Times of India 

In 1993, when I was secretary of the education department in Assam, Narasimha Raos National Policy on Education came up for discussion. Now the Modi government has proposed a draft National Education Policy (NEP).

Education Policy
New education policy to focus on research; Rs 400 cr allocated for building world-class institutesedit

Times Now News 

Setting up of National Research Foundation (NRF), adoption of a New Education Policy and allocation of over Rs 400 crore for building world-class institutes are among the budgetary announcements made for the education sector on Friday. Rs 94,853.64 crore outlay has been earmarked for the education sector in 2019-20 fiscal, an increase of over 13 per cent from the revised estimates of 2018-19.

Education Policy
Education Budget 2019 is a hope waiting to be materializededit

The Indian Express 

To focus on preparing Indian youth to take up jobs overseas, the government is going to focus on high demand new-age skills such as artificial intelligence (AI), internet of things (IoT), big data, 3D printing, virtual reality (VR) and robotics.

3D printingAIIoTRoboticsvirtual reality
Disruptive technology: Firms to help students explore, design projectsedit

The Times of India 

PALS, an association of professors and alumni of IIT Madras, on Saturday conducted the ninth industry-academia conclave on the theme ‘Future of the world Disruptive Technologies, a Game Changer’. The conclave was aimed at exploring and designing projects using technologies such as robotics process automation, machine learning and artificial intelligence for the betterment of society.

AIAutomationEducationMachine LearningRobotics
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