AI casts huge pall of uncertainty over impact on workers across skill levels: Economic Survey
New Delhi (PTI): The Economic Survey on Monday said the advent of Artificial Intelligence (AI) casts a "huge pall of uncertainty" with regard to impact on workers across all skill levels.
The Economic Survey 2023-24 tabled in Parliament predicted that the new-age technology, while turbocharging productivity, has the potential to disrupt employment in certain sectors.
The Survey described AI as "phenomenal in its rapid pace of innovation and ease of diffusion" but also cautioned that the the future of work will be reshaped by it.
"... The advent of Artificial Intelligence casts a huge pall of uncertainty as to its impact on workers across all skill levels -- low, semi and high," it said.
The biggest disruption for the future of work is the accelerated growth in AI, which is poised to revolutionise the global economy, the Survey noted.
"India would not remain immune to this transformation. AI is being recognised as a general-purpose technology, like electricity and the internet, which is phenomenal in its rapid pace of innovation and ease of diffusion. As AI systems continue to get smarter and adoption increases, the future of work will be reshaped," it said.
The Survey said AI has considerable potential for boosting productivity, but "also has the potential to disrupt employment in certain sectors".
"Routine tasks, including customer service, will likely witness a high degree of automation; creative sectors will see extensive usage of AI tools for image and video creation; personalised AI tutors can reshape education and sectors like healthcare can witness accelerated drug discovery," it said.
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Udupi MLA Yashpal Suvarna blocking traffic signal project, alleges Raghupathi Bhat
Udupi: Former MLA Raghupathi Bhat has leveled serious allegations against Udupi MLA Yashpal Suvarna, accusing him of blocking the implementation of a traffic signal project at Kalsanka Junction, a key traffic point in the city.
Speaking at a press conference on Wednesday, Bhat stated that a tender for installing traffic signals had been approved during his tenure, but Suvarna halted the work, allegedly scolding the contractor to stop the project.
"The closure of Kalsanka Junction for traffic control is unscientific and has caused significant inconvenience to the public. The project to install a traffic signal must be implemented immediately," Bhat demanded. He argued that a flyover solution proposed by some would negatively affect commercial activities on the Kalsanka-Manipal road, emphasizing the need for public consultation and thorough discussions before making a final decision.
Bhat outlined his earlier initiatives, which included proposing a 70-meter roundabout without signals at Kalsanka Junction and Bannanje Circle to alleviate congestion. He urged MPs to advocate for the inclusion of this proposal in the upcoming Union Budget.
The former MLA criticized current traffic management strategies, stating that road closures and divider installations are temporary fixes that only exacerbate public inconvenience. He insisted that installing traffic signals would be a more sustainable and immediate solution to traffic woes.
Additionally, Bhat urged the relocation of the existing jail from the old taluk office land earmarked for a new Udupi Municipal Corporation building. He requested the Deputy Commissioner to transfer the one-acre plot reserved for the deputy commissioners' office and residence to the municipal corporation at no cost to maximize space for public infrastructure development.
Former municipal council member Mahesh Thakur accompanied Bhat at the press conference.
