AI Takes Center Stage at Swadesh Conclave as India Eyes 2047 Transformation
NEW DELHI – artificial intelligence emerged as a pivotal theme at the Swadesh Conclave, a multi-day event concluding today, with discussions centering on its potential to drive India’s economic and social progress towards its 2047 goals. Experts and policymakers highlighted AI’s role in sectors ranging from agriculture to finance,alongside the importance of responsible technological advancement and inclusive dialog.
The conclave underscored a growing national focus on leveraging AI for national transformation, building on India’s existing strengths and past advantages. Participants emphasized the need for continued learning and engagement, notably among the nation’s youth, to harness the full potential of these technologies. As its launch in 2020, Swadesh Conclave has established itself as a key forum for discussions on technology, governance, and India’s cultural identity.
JNU physicist and econophysicist Prof. Anirban Chakrabarti detailed the request of AI and machine learning in predicting agricultural price volatility, offering a potential boon to small farmers through data-driven decision-making. He also noted that financial regulators, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), are already utilizing AI to monitor markets and mitigate risks.
The Swadesh Samman Awards were presented during the event, recognizing contributions from Dr. S.Somanath, former ISRO chairman; social activist Azim Alam; and musicians Prahlad Singh Tipania and Mame Khan, the latter two also providing cultural performances.
Minister of State for Animal Husbandry and Panchayati Raj S. P. Singh Baghel expressed confidence in India’s trajectory to become one of the world’s top three economies. BJP MP manoj tiwari encouraged youth participation in politics, stating, “Honest effort and patience can take you far-don’t give up on public service.”
KSFE Managing director S. K. Sanil highlighted the role of microfinance, referencing the grameen Bank model pioneered by nobel laureate mohammad Yunus, in poverty alleviation. OTBL Chairperson (Retd.) Sushma Rawat stressed the importance of responsible AI implementation and urged young people to “stay curious and keep learning.”
Balaji Foundation Chairperson Rajshri Rai, opening the event, emphasized the value of inclusive dialogue, quoting poet Faiz Ahmed Faiz: “Everyone must have the space to speak-true transformation begins with listening.”
A call for Inclusive Growth: Highlights from His Majesty the king’s Throne Day Speech – July 29, 2025
“There is no room, neither today, nor tomorrow for a two-speed Morocco.” – Extract from His Majesty the King‘s Throne Day speech
In his 2025 Throne Day address, His Majesty the King, may God assist him, affirmed Morocco’s continued progress and resilience in the face of global challenges and a tough climate. The Kingdom has maintained a positive trajectory, achieving significant milestones in human advancement - notably surpassing the high human development threshold and substantially reducing multidimensional poverty.
However, His Majesty emphasized that this progress is incomplete without equitable benefits for all citizens. The speech highlighted the persistent challenges of poverty, especially in rural areas, stemming from inadequate infrastructure and limited access to essential services. A key concern raised was the structural issue of territorial inequalities and regional disparities within the country.
To address these imbalances, His Majesty called for a renewed and invigorated approach to combating social and territorial disparities. He advocated for a shift from customary, sector-specific development strategies to a holistic, integrated territorial development model. This approach aims to ensure that the benefits of economic growth are shared by all Moroccans, without discrimination or exclusion.
The King’s call for innovation in public policy, building upon the New Development Model (NMD), necessitates moving beyond fragmented approaches.He urged the adoption of transversal, systemic, and experimental strategies to effectively tackle the complex roots of social and territorial inequalities.
This analysis will examine Morocco’s development journey from 2000 to 2023,assessing progress in areas such as purchasing power,poverty reduction (both monetary and multidimensional),and the evolution of the Human development Index. It will also address ongoing vulnerabilities, social inequalities, and territorial disparities, ultimately justifying the need for this new, integrated approach to territorial development.
Malawi Banks Urged to Embrace Broader Economic Role
Malawi’s commercial banks are being encouraged to expand their function beyond traditional lending and deposit-taking to actively contribute to the nation’s economic recovery. This call emphasizes the need for banks to transition from passive participants to proactive problem-solvers in addressing Malawi’s economic difficulties.
George Partridge, a former banker and prominent corporate leader, spearheaded the appeal, advocating for financial institutions to engage in both advocacy for beneficial policies and the implementation of practical solutions.He argues that a more engaged approach will not only fortify Malawi’s financial system but also safeguard the long-term viability of the banks themselves.
Partridge highlighted the significant potential of commercial banks to drive economic change, citing their capacity and resources. Specifically, he pointed to the crucial role banks can play in supporting Small and Medium-sized Enterprises (SMEs), recognized as vital to Malawi’s economic foundation. SMEs currently struggle wiht access to affordable credit, despite their potential to generate employment, increase income, and contribute to overall GDP growth.
Experts also suggest banks can significantly improve financial inclusion by extending services to the unbanked population, notably in rural and low-income areas. This expansion would not only reduce poverty and inequality but also broaden the banks’ customer base.
Beyond direct financial services, collaboration between the private sector – including banks – and government agencies, international partners, and local businesses is seen as essential. This collaborative effort could address systemic issues like inadequate infrastructure, low agricultural productivity, and limited trade capacity through pooled resources and shared risk.
Malawi is currently facing ample economic headwinds, including high inflation, foreign exchange shortages, and sluggish growth, impacting consumer spending and business operations. Advocates believe a more active role from banks could help stabilize the economy and rebuild public trust.
The sentiment expressed by Partridge aligns with a growing expectation within the business community that banks have a responsibility extending beyond profit maximization. The goal is to align bank success with national prosperity, ensuring economic growth directly benefits the country.
Analysts emphasize a “shared responsibility” model, where bank success is intrinsically linked to community development. Examples include innovative agricultural financing to enhance food security and targeted credit for infrastructure and trade to stimulate new growth opportunities.
Partridge concluded his appeal with a call for collective action, stating “Tithandize – let’s work together,” underscoring the necessity of collaboration between banks, government, and businesses to build a stronger Malawi.
With their financial strength, extensive reach, and specialized expertise, Malawi’s commercial banks are uniquely positioned to influence the country’s economic trajectory. The key question, according to experts, is whether they will embrace this expanded role.
Wes Moore‘s Maryland: A Critical Assessment of Early Performance
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ANNAPOLIS, MD - Maryland Governor Wes Moore is facing increasing scrutiny over his management’s handling of the state’s finances and a recent surge in juvenile crime, prompting questions about whether he is living up to the ambitious promises made during his campaign. Despite maintaining generally positive approval ratings,concerns are mounting among economists and policy observers regarding the direction of the state under his leadership.
Financial Challenges and Budget Shortfalls
A recent analysis highlighted the loss of Maryland’s AAA bond rating-a distinction held for over five decades-as a important setback. Economist Anirban Basu, a registered Democrat, attributes this downgrade to overspending during Moore’s initial two budgets, resulting in a $3 billion budget shortfall and necessitating $1.6 billion in new taxes. Meanwhile, governors in North Carolina and Missouri are finding ways to save their taxpayers dollars, to bring more wealth and investment into their states.It’s exactly what Maryland needs to do, and we’re just going the wrong direction,
Basu stated in an interview.
The state’s financial situation is particularly noteworthy when contrasted with neighboring states.North Carolina,led by a Democratic governor,and Missouri,under Republican leadership,have both implemented strategies focused on fiscal conservatism and economic growth. This comparison underscores the concerns about Maryland’s current fiscal trajectory.
Did You Know? Maryland’s AAA bond rating was a symbol of its financial stability, attracting investors and lowering borrowing costs for the state.
Rising Juvenile crime and Public Safety Concerns
Alongside financial challenges, Maryland is grappling with a concerning increase in juvenile crime. Arrests in Baltimore city rose by 146% in the past year.Simultaneously, the state’s juvenile detention facilities have been plagued by allegations of drug presence, inadequate staffing, and instances of assault. Governor Moore recently requested the resignation of the head of the Department of Juvenile Services (DJS) in response to these issues, but critics contend the action was delayed.
The situation highlights a broader national trend of rising youth violence, exacerbated by factors such as pandemic-related disruptions and socioeconomic disparities. According to the Office of Juvenile Justice and Delinquency Prevention, addressing juvenile crime requires a multifaceted approach involving prevention, intervention, and rehabilitation programs [[1]].
Administration’s Response and Counterarguments
Governor Moore’s office has defended its record, attributing the current financial difficulties to the policies of the previous administration. A statement released by the office emphasized the administration’s success in converting a projected $3 billion deficit into a $315 million surplus while providing tax relief to 94% of Marylanders and enacting the largest budget cut in sixteen years.
The statement also highlighted the creation of approximately 100,000 jobs during Moore’s tenure-more than the previous eight years combined-and noted Maryland’s low unemployment rate and rapid job growth. Maryland has among the lowest unemployment rates and one of the fastest job growth rates in the nation,
a spokesperson asserted.
Pro Tip: Understanding the past context of Maryland’s economic and social policies is crucial for evaluating the current administration’s performance.
Key Performance Indicators: Moore Administration (2023-2025)
| Indicator | 2022 (Pre-Moore) | 2024 (Current) | Change |
|---|---|---|---|
| Bond Rating | AAA | AA+ | downgrade |
| Budget Surplus/Deficit | -$500M | +$315M | +$815M |
| Job Growth | 1.2% | 2.8% | +1.6% |
| Juvenile Arrests (Baltimore City) | 500 | 730 | +46% |
What impact will these economic and social trends have on Maryland’s future? How will Governor Moore address the concerns raised by critics while maintaining his administration’s momentum?
Context and Long-Term Trends
Maryland’s economic landscape has historically been shaped by its proximity to Washington, D.C., and its reliance on federal employment and government contracting. the state has also faced challenges related to income inequality and disparities in educational opportunities. Governor Moore’s administration is attempting to address these long-standing issues through investments in workforce development, education, and infrastructure. However, the success of these initiatives will depend on sustained funding and effective implementation.
Frequently Asked Questions
- What is Wes moore’s role as Governor of Maryland? Governor Moore is the chief executive of the state of Maryland, responsible for implementing state laws and overseeing the state government.
- What caused Maryland to lose its AAA bond rating? Overspending and a resulting budget shortfall during the early part of Moore’s administration were cited as primary factors.
- What is being done to address the rise in juvenile crime in Baltimore? governor Moore has requested the resignation of the head of the Department of Juvenile Services and is working to address staffing shortages and improve conditions in juvenile detention facilities.
- How does Maryland’s economic performance compare to other states? While Maryland has a low unemployment rate and strong job growth, its fiscal situation is less favorable compared to states like North Carolina and Missouri.
- What is the Moore-Miller administration’s plan for economic growth? The administration is focused on attracting investment, creating jobs, and strengthening the state’s infrastructure.
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Indonesia Plans Rp 2.12 Trillion Spending Surge to Boost Economic Growth
Jakarta, August 6, 2025 – The Indonesian government is preparing to inject Rp 2.121 trillion (approximately $131.4 billion USD, based on a current exchange rate of Rp 16,150 per USD) into the national economy over the next six months, aiming to accelerate growth, Finance Minister Sri Mulyani Indrawati announced today. The funds, remaining from the 2025 State Budget (APBN), will be strategically deployed through programs like subsidized lending and direct economic stimulus.
This announcement comes amidst a revised forecast for the 2025 state budget deficit, now projected to reach Rp 662 trillion (approximately $40.9 billion USD) or 2.78% of Gross Domestic Product (GDP). This is a slight increase from the initial target of 2.53%, attributed to contractions in tax revenue during the first half of the year.As of the first semester of 2025, the deficit stood at 0.84% of GDP, equivalent to Rp 204.2 trillion.
Key Spending Initiatives:
People’s Business Credit (KUR) Distribution: Rp 287.8 trillion (approximately $17.8 billion USD) is earmarked for distribution through the KUR program,designed to provide affordable financing to micro,small,and medium-sized enterprises (MSMEs). This program is a cornerstone of the government’s efforts to foster inclusive economic growth.
Third Quarter Economic Stimulus: A further Rp 10.8 trillion (approximately $668.7 million USD) has been allocated for various economic stimulus programs slated for implementation in the third quarter of 2025, specifically targeting July and August. Details on the specific sectors benefiting from this stimulus were not instantly available.
* Revenue & Expenditure adjustments: The government now anticipates state revenue of Rp 2,865.5 trillion (approximately $177.4 billion USD), falling short of the initial target of Rp 3,005.1 trillion. State expenditure is projected at Rp 3,527.5 trillion (approximately $218.3 billion USD),a reduction from the previously estimated Rp 3,621.3 trillion.
Focus on Governance and Clarity
Minister Indrawati emphasized that the effectiveness of this substantial spending will hinge on good governance and the prevention of corruption. “The quality of spending must remain good, governance becomes good and there is no corruption so that the figure of Rp 2,121 trillion can really be felt by the community,” she stated during a press conference at the Coordinating Ministry for the Economy. This underscores the government’s commitment to ensuring that funds reach their intended beneficiaries and contribute to tangible economic improvements.
Context & Long-Term Implications:
Indonesia, Southeast Asia’s largest economy, has been navigating a complex global economic landscape marked by fluctuating commodity prices and geopolitical uncertainties. The government’s proactive fiscal measures are aimed at bolstering domestic demand and mitigating the impact of external headwinds. The focus on MSMEs through the KUR program is especially meaningful, as these businesses are vital engines of job creation and economic diversification.
The widening budget deficit, while manageable according to Minister Indrawati, warrants continued monitoring. Sustained economic growth will be crucial to improving tax revenue and bringing the deficit back within target range. The success of these initiatives will be closely watched by investors and international financial institutions, including the World Bank and the International Monetary fund, who have been providing technical assistance and financial support to Indonesia’s economic growth programs.
note: Exchange rates used are approximate as of August 6, 2025, and are subject to change. Further details regarding the specific economic stimulus programs planned for the third quarter are expected to be released by the Coordinating Ministry for the Economy in the coming weeks.