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High tech tools, AI to be implemented by Fin Min to monitor leakages

High tech tools, AI to be implemented by Fin Min to monitor leakages

Finance Minister Nirmala Sitharaman said revenue department officials will soon be trained to use modern technology tools to plug leakages. She also said that better utilisation of artificial intelligence tools and data deep dives can help officials detect revenue leakages. Stating that financial thugs are gaming the system by claiming wrong refunds or creating shell companies to cause a loss to the exchequer.

Sitharaman said training officials, especially the junior ones, can be of help. Finance Ministry will be putting through in different parts of the country... Training so that each one of you will feel comfortable using technology to assist you to make sure that leakages are plugged." 

She hinted that existing private tech company vendors may be tasked with the training imparting duties as well and added that she has already discussed the matter with Revenue Secretary Tarun Bajaj and Chairman of Central Board of Indirect Taxes (CBIC) Vivek Johri.

According to the finance minister, the training module to be followed by implementation in daily work will also help reduce the stress of the job for revenue department personnel who are keen to plug leakages.

She also said the work being performed is visible every month in the robust GST collections and added that the officials who are performing well do not require any nudge.

 

High tech tools, AI to be implemented by Fin Min to monitor leakages

High tech tools, AI to be implemented by Fin Min to monitor leakages

Finance Minister Nirmala Sitharaman said revenue department officials will soon be trained to use modern technology tools to plug leakages. She also said that better utilisation of artificial intelligence tools and data deep dives can help officials detect revenue leakages. Stating that financial thugs are gaming the system by claiming wrong refunds or creating shell companies to cause a loss to the exchequer.

Sitharaman said training officials, especially the junior ones, can be of help. Finance Ministry will be putting through in different parts of the country... Training so that each one of you will feel comfortable using technology to assist you to make sure that leakages are plugged." 

She hinted that existing private tech company vendors may be tasked with the training imparting duties as well and added that she has already discussed the matter with Revenue Secretary Tarun Bajaj and Chairman of Central Board of Indirect Taxes (CBIC) Vivek Johri.

According to the finance minister, the training module to be followed by implementation in daily work will also help reduce the stress of the job for revenue department personnel who are keen to plug leakages.

She also said the work being performed is visible every month in the robust GST collections and added that the officials who are performing well do not require any nudge.

 

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