https://www.taxtmi.com/news?id=32195 The Economic Survey warns that rapid AI adoption may displace labour in a labour surplus economy and that governments may need to tax incremental corporate profits from labour replacement to mobilise resources. It recommends regulatory tweaks, expanded safety nets, and structural education reforms, coupled with investments in skilling and the creation of enabling, insuring, and stewarding institutions. A tripartite compact among government, private sector and academia is urged to distribute AI gains and manage the transition. en-us Fri, 31 Jan 2025 18:16:03 +0530 Fri, 31 Jan 2025 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32195 The Economic Survey warns that rapid AI adoption may displace labour in a labour surplus economy and that governments may need to tax incremental corporate profits from labour replacement to mobilise resources. It recommends regulatory tweaks, expanded safety nets, and structural education reforms, coupled with investments in skilling and the creation of enabling, insuring, and stewarding institutions. A tripartite compact among government, private sector and academia is urged to distribute AI gains and manage the transition. News - Fri, 31 Jan 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=32195