Cabinet approves Rs 10,000+ cr for AI boost

Also nods 4% DA hike for Central staff

New Delhi: In a big push to the vision of ‘Making AI in India’ and ‘Making AI Work for India’, the Union Cabinet led by Prime Minister Narendra Modi on Thursday approved the comprehensive national-level IndiaAI Mission with a budget outlay of Rs 10,371.92 crore.

The IndiaAI Mission will establish a comprehensive ecosystem catalysing AI innovation through strategic programmes and partnerships across the public and private sectors.

By democratising computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects, and bolstering ethical AI, it will drive responsible, inclusive growth of India’s AI ecosystem.

The Mission will be implemented by ‘IndiaAI’ Independent Business Division (IBD) under Digital India Corporation (DIC).

The approved IndiaAI Mission will propel innovation and build domestic capacities to ensure the tech sovereignty of the country, an official said.

It will also create highly skilled employment opportunities to harness the demographic dividend of the country.

Meanwhile, the Union Cabinet, chaired by Prime Minister Narendra Modi, also approved the release of an additional instalment of Dearness Allowance (DA) to Central government employees and Dearness Relief (DR) to pensioners with effect from January 1, 2024, representing an increase of 4 per cent over the existing rate of 46 per cent of the basic pay/pension, to compensate against price rise.

This will benefit about 49.18 lakh Central government employees and 67.95 lakh pensioners, according to an official statement issued after the meeting.

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs 12,868.72 crore per annum.

This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

 

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