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WEF & NITI Aayog Join Hands to Work on Emerging Technologies

Published on May 11, 2022
Current Context: The World Economic Forum (WEF), join hands with the Government’s think-tank Niti Aayog and started to focus on artificial intelligence (AI), Internet of Things (IoT), blockchain, and drones so that they can provide better services and benefits to farmers, particularly small and marginal.
WEF & NITI Aayog Join Hands to Work on Emerging Technologies
  • The fourth industrial revolution will not play important role in agriculture but also in health, urban transformation urban space, and the environment.
  • For this purpose WEF set up the center for the fourth industrial revolution in 2017 to help these core sectors.
  • In line with WEF C4IR, the Telangana government has already started using AI for agricultural innovation.
  • The union ministry of agriculture has also worked toward creating a digital ecosystem.
  • Apart from that, this digital data can be used to help farmers, who are facing issues with the settlement of insurance claims.
  • WEF is also looking for generating revenue from the surplus produced by the farmers because it often gets wasted.
  • Through this initiative, farmers will be provided correct information on which pesticide should be used at what time and what is the best method to use it
  • As of now, WEF is looking at 5-6 States to demonstrate the impact of its fourth industrial revolution initiatives.
  • They were also trying to focus on one million farmers through its programs in the next two years so that it further can be scaled.
  • Static Part:
    • World Economic Forum:
      • The World Economic Forum (WEF) is a Swiss nonprofit foundation established in 1971
      • Headquarters: Geneva, Switzerland.
      • Founder & Executive Chairman: Klaus Schwab.
  • Important Reports published by WEF are: The energy transition index, global competitiveness report, and global IT report.
  • NITI Aayog:
    • NITI Aayog is a premier policy think tank of the Government of India.
    • The main aim is to achieve sustainable development goals through the active involvement of the state government in the planning process.
    • It was established in 2015 through executive resolution and replaced by the Planning Commission of India.

Question: 

Q.1 Global Talent Competitiveness Report Released By?
a. IMF
b. World Bank
c. WEF
d. AIIB
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