
IIT Delhi and AIIMS Delhi to establish AI centre for healthcare with Rs 330 crore grant
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
New Delhi: With a focus on developing AI-based solutions that support key national health programmes in the country, IIT Delhi and AIIMS Delhi signed a memorandum of understanding (MoU) on Tuesday to establish a Centre of Excellence for Artificial Intelligence in Healthcare (AI-CoE).The two premier institutions were awarded a ₹330 crore grant last year under the ministry of education's 'Make AI in India, Make AI Work for India' initiative, following a competitive selection process.The AI-CoE will serve as the implementation arm for this grant.'This MoU marks the beginning of far-reaching collaborative research that has the potential to change the face of healthcare in the country,' said M Srinivas, director of AIIMS Delhi.Rangan Banerjee, director of IIT Delhi, noted that the partnership aims to harness AI for accessible and affordable healthcare. 'We are delighted to be shaping this national centre of excellence and hope that our output will impact the lives of Indians,' he said.The Centre will be jointly led by Krithika Rangarajan, chief project manager at AIIMS Delhi, and Chetan Arora, chief project manager at IIT Delhi.'We look forward to guiding the marriage of healthcare with technology. We remain focused on keeping patients at the centre of this effort and hope to build mechanisms that would benefit every citizen of the country,' Rangarajan said.Arora added that the AI-CoE will serve as a key research and resource centre at the national and international level. 'Our aim is to develop cutting-edge AI solutions, upskill our healthcare providers and improve the accessibility of quality healthcare to remote and marginalised sections of our population,' he said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

First Post
27 minutes ago
- First Post
Ahead of PM Modi's arrival in UK for landmark FTA signing, diaspora gears up for grand welcome
Modi is set to be greeted by cheering groups of community leaders, students and parliamentarians gathered in anticipation on the outskirts of London read more Diaspora groups in the UK have geared up for Prime Minister Narendra Modi's arrival in the UK on Wednesday evening for a 'historic' visit that centres around the signing of a Free Trade Agreement (FTA) and refresh of the India-UK Comprehensive Strategic Partnership. Modi is set to be greeted by cheering groups of community leaders, students and parliamentarians gathered in anticipation on the outskirts of London. They expressed excitement around the FTA that is expected to be signed during the bilateral discussions between PM Modi and British PM Keir Starmer on Thursday. STORY CONTINUES BELOW THIS AD 'During my meeting with Prime Minister Rt Hon Sir Keir Starmer, we will have the opportunity to further enhance our economic partnership, aimed at fostering prosperity, growth and job creation in both countries,' Modi said in his departure statement earlier on Wednesday. He highlighted the significant progress in the Comprehensive Strategic Partnership in recent years and noted that the collaboration between the two countries spans a wide range of sectors, including trade, investment, technology, innovation, defence, education, research, sustainability, health and people-to-people ties. During his visit, Modi will also have an audience with King Charles III at one of his royal estates. 'It's a very significant visit because a historical agreement is being done between India and the UK,' said Kuldeep Shekhawat, President of the Overseas Friends of BJP (OFBJP) diaspora group. 'It's a great achievement for both governments, and especially for the Indian diaspora, which is excited to see the Prime Minister here after so many years. He's again here for a very short visit, but at least we get a chance to greet him,' he said. This week marks Modi's fourth visit to the UK, following visits in 2015, 2018 and 2021 for the COP26 Summit in Scotland. STORY CONTINUES BELOW THIS AD Thursday will mark his third bilateral meeting with Starmer, following meetings on the sidelines of the G20 Summit last year and the G7 Summit in Canada last month. 'Prime Minister Modi has infused a new sense of optimism, energy and vibration to this relationship. There is so much happening between our countries,' said Lord Rami Ranger, prominent British Indian entrepreneur and House of Lords peer. 'India has leapfrogged in the last 10 years. Under Prime Minister Modi's leadership, we are now equal. This Free Trade Agreement will be good for the world, good for Britain because India's economy is growing 6-7 per cent and the British economy is not going as fast, but now we can grow together,' he said. The negotiations for the FTA, which aims to double bilateral trade to USD 120 billion by 2030, were completed on May 6 and announced by Prime Ministers Modi and Starmer in a phone call at the time. The formal sign off on Thursday follows Cabinet approval in India and will then proceed for a lengthy ratification process by the British Parliament. STORY CONTINUES BELOW THIS AD From London, Modi will travel to the Maldives at the invitation of President Mohamed Muizzu as the Guest of Honour of the island nation's independence celebrations.


Indian Express
an hour ago
- Indian Express
RBI Bulletin article: Indian economy remains largely resilient despite global uncertainties, high tariff risk
Amid geopolitical tensions and tariff policy uncertainties, the Indian economy has remained resilient, aided by strong macroeconomic fundamentals, according to an article in the Reserve Bank of India's July monthly bulletin. 'Domestic economic activity held up in June, with high-frequency indicators pointing to improving prospects of the kharif agricultural season and continuation of strong momentum in the services sector,' according to the 'State of the Economy' article in RBI's July bulletin. The article has been prepared by central bank officials. The RBI said views published in the article are of the authors and not of the institution. It said that the growth in rural demand remained resilient and was accompanied by a recovery in urban economic activity. The all-India unemployment rate remained unchanged from the previous month at 5.6 per cent with rural areas faring better as compared to their urban counterparts. During April-May 2025, total expenditure grew by 19.7 per cent on a year-on-year (y-o-y) basis, accounting for 14.7 per cent of the Budget Estimates for FY26. Capital expenditure recorded robust growth during the first two months of the current fiscal and was at 19.7 per cent of the budgeted capital expenditure vis-à-vis 12.9 per cent during the same period a year ago, indicative of front-loading of capital spending by the Central government. India's merchandise trade deficit narrowed in June 2025, due to contraction in both oil and non-oil trade deficit. De-escalating geo-political tensions in the Middle East, optimism on trade deals and the easing of norms for infrastructure financing by the Reserve Bank buoyed up domestic financial market sentiments in the second half of June, the article said. In the first half of July, however, domestic markets traded with a negative bias as investor sentiment remained cautious amidst ongoing uncertainty over the potential India-US trade agreement and mixed corporate earnings results by companies in the first quarter of FY25. The article said that easing inflation, front-loading of government expenditure, targeted fiscal measures and congenial financial conditions for faster transmission of rate reductions should support aggregate demand in the economy, going forward. Headline inflation, as measured by y-o-y changes in the all-India consumer price index (CPI), declined to 2.1 per cent in June 2025 — the lowest since January 2019 — from 2.8 per cent in May. The retail inflation remained below the 4 per cent target for the fifth consecutive month in June. On the trade front, the article stated that as intense negotiations are underway for closing trade deals before the new import tariff rates kick in from August 1, 2025, the focus is back on US trade policies and their spillover effects globally. Financial markets, however, seem to have taken trade policy uncertainties in their stride, possibly reflecting optimism on reaching trade deals that are less disruptive to the global economy. Even so, underpricing of macroeconomic risk by financial markets remains a concern. According to the article, the average trade tariff rates are set to touch levels unseen since the 1930s. Moreover, the risk of imposition of new high tariffs looms large for additional sectors. The evolving pattern of global trade flows and supply chains are far from settled, the article highlighted, adding that these uncertainties pose considerable headwinds to global economic prospects. 'Amidst rising trade uncertainties and geo economic fragmentation, building more resilient trade partnerships presents a strategic opportunity for India to deepen its integration with global value chains,' it said. In addition, measures to accelerate domestic investment in infrastructure and structural reforms aimed at improving competitiveness and productivity would build resilience while supporting the growth momentum.


Time of India
an hour ago
- Time of India
India-UK trade pact to help boost exports of labour-intensive sectors, says exporters' body FIEO
The proposed trade pact between India and the UK is likely to benefit sectors such as textiles, leather, gems and jewellery , pharmaceuticals, marine and engineering goods, exporters' body FIEO said on Wednesday. The agreement will be signed on July 24, during Prime Minister Narendra Modi's visit to the UK. It is expected to help double bilateral trade by 2030 to USD 120 billion. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Public Policy Operations Management PGDM Others Design Thinking Cybersecurity Leadership Product Management MBA Technology Data Analytics Digital Marketing Management Data Science MCA CXO Data Science Degree Finance healthcare Healthcare others Artificial Intelligence Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details The Federation of Indian Export Organisations (FIEO) also said that the agreement is likely to eliminate tariffs on Indian garments and textiles, enhancing their competitiveness in the UK market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cat Keeps Hugging Friend Before Going To The Vet – The Vet Paled When He Saw Them Tips and Tricks Undo It will also strengthen exports in high-value sectors like gems and jewellery and pharmaceuticals. Improved market access and reduced tariffs will further benefit Indian leather and footwear, auto components, spices, tea, and processed foods, it said, adding the FTA is also expected to streamline regulatory approvals for Indian pharmaceutical products in the UK. Live Events Moreover, it could ease mobility and open up new opportunities for Indian IT, business services and professional services firms, FIEO President S C Ralhan said.