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What is the robot tax? Experts’ proposal to the Finance Minister in Modi’s first budget 3.0

Sagar Patel

By Sagar Patel

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What is the robot tax? Finance Minister received proposal before the budget

The Finance Minister has started consulting economists on Budget 3.0. Recently, the economists met Finance Minister Sitharaman. In this he talked about the upcoming budget. During this period the focus was on development, fiscal policy, investment and private sector participation. At the same time, the topic of discussion was also the tax on robots. If this term sounds new to you, let us know what the robot tax is and who it can be imposed on…

robot tax proposal

The impact of Artificial Intelligence (AI) on employment was also discussed at the meeting. The ‘Robot Tax’ proposal to retrain displaced workers was also considered. Many important issues were raised in the debate with the Minister of Finance. These included measures to promote private investment, job creation, maintain fiscal prudence and manage debt levels and food inflation. A special topic was the increasing use of Artificial Intelligence and its potential impact on employment. One economist suggested the idea of ​​a “robot tax.” This tax can provide funds for the rehabilitation of workers affected by AI-induced displacement.

What is the robot tax?

In the coming times, job opportunities will open up in many sectors through AI. In such a situation, many people believe that AI and robots should be used in a balanced way, with moderation and wisdom. Therefore, there is talk of imposing a robot tax on their use so that the amount received from the robot tax can be spent on upskilling employees who have lost their jobs and can get them again.

Economists also suggested measures to further increase private investment along with protection of domestic industries in the upcoming budget. Until June 25, the Finance Minister and his team will discuss with the industry, farmers’ union, MSMEs and unions on the preparation of the budget.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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