India will ban driverless cars in order to protect jobs

The country’s transport minister addressed the issue in a statement today

As self-driving cars are being tested everywhere from the US to South Korea, Germany to Australia, reports today make it clear that it won't be happening in India. The country's transport and highways minister, Nitin Gadkari told reporters today, "We won't allow driverless cars in India. I am very clear on this."

The statement wasn't a reflection of safety concerns. Rather, the minister's rejection of self-driving vehicles is about the jobs they would take away from drivers in the country. "We won't allow any technology that takes away jobs. In a country where you have unemployment, you can't have a technology that ends up taking people's jobs," said Gadkari. He went on to say that while India was indeed short about 22,000 commercial drivers, the government was working on opening a number of training facilities across the country in order to get 5,000 more professional drivers on the road over the next few years.

However, according to statements made by former Uber CEO Travis Kalanick and Google CEO Sundar Pichai, India wasn't likely to get autonomous vehicles anytime soon. The haphazard roads and chaotic traffic in parts of the country make it difficult to safely introduce driverless technology onto the roadways. But Indian company Tata Elxsi has been trying to get around those issues by testing self-driving vehicles on a track designed to resemble the roads and traffic of India. Complete with pedestrians, livestock, unsignaled lane merges and lack of signage, the testing track is meant to give driverless cars as real of an experience as possible while still respecting India's ban of self-driving cars from its roads. How today's statement from Gadkari will impact Tata Elxsi's business plans isn't yet clear

Comments

Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

A recent study ( PDF ) from the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and blockchain analytics company Elliptic explored the “bitcoin laundering” ecosystem. In the study, Elliptic’s forensic analysis of the Bitcoin blockchain and other publicly available data were used to track the flows of illicit funds from 2013 to 2016. “This study aimed to identify where individuals turn in order to cash out or transmit bitcoins (BTC) acquired from illicit entities and to discover typologies for criminals ‘laundering’ bitcoins,” the report says. The study describes bitcoin laundering as a special type of money laundering that exists within the Bitcoin network where a user moves some bitcoins to a new address in a manner that obscures the original source of funds. The conversion of bitcoins into fiat currency on exchanges that lack adequate anti-money laundering (AML) and know-your-customer (KYC) policies can also fall under the category ...

Soaring Bitcoin Price Leads $159 Billion Crypto Market Recovery

Bitcoin Well, somebody bought the dip. Just as critics were rushing to proclaim that the bitcoin bubble had burst, the markets staged a $159 billion recovery. The rally was headlined by the bitcoin price, which rebounded from its sub-$10,000 fling and is currently flirting with $12,000. Several other top-tier coins, meanwhile, returned single day increases in excess of 40 percent. Source: CoinMarketCap Altogether, the cryptocurrency market cap clawed its way back to $574 billion, representing a 38 percent recovery from Wednesday’s intraday low of $415 billion. Bitcoin Price Eyes $12,000 Wednesday served as a trial-by-fire for recent bitcoin investors, some of whom had purchased the flagship cryptocurrency for $19,000 at the height of the rally in mid-December. Bitcoin Price Chart The correction forced the bitcoin price below $10,000 for the first time since early December, but Thursday’s rally enabled bitcoin to regain a bit...

How to Boost Your Credit—or Build it Up From Nothing

Now that you know how credit works , you probably want to know how to make it work better . While nothing is better for your credit than paying your bills in full and on time, there are ways to give it a boost. Like it or not, credit matters . It’s also complicated. In our “Everything You Need to Know About Credit” series, we’re breaking down the basics. When a lender or landlord looks at your credit, they’re not just looking for a three digit number, they want to know how you actually handle credit. That’s why your credit report is more important than your score. That said, your score matters, too, and the good news is, there are shortcuts for boosting it in a relatively short amount of time. And if you don’t have credit at all — let’s say you’re a teenager about to start college — your biggest focus should be on building up a credit history. That way you can apply for student loans, apartments, and make sure you aren’t gouged on bills . Here are some options...

Gsbt

Search This Blog