Finance Minister Nirmala Sitharaman stressed responsible AI adoption over avoidance. Institutions must manage AI risks and avoid legacy system reliance. Faster AI adoption requires safety and accountability, with human oversight remaining vital. Regulators and senior management must oversee AI deployment and potential harms.

Finance minister Nirmala Sitharaman described artificial intelligence as “a double edged sword”, warning that while it can help detect fraud, it can also be used to perpetrate it.…

Finance Minister Nirmala Sitharaman stressed responsible AI adoption over avoidance. Institutions must manage AI risks and avoid legacy system reliance. Faster AI adoption…