Mr Sandeep Sharma
President, Bhartiya Vitta Salahkar Samiti (BVSS)
As a seasoned Chief Executive Officer (CEO) with a proven track record, He brings unparalleled expertise in Finance & Accounts, GST functions, and operational performance monitoring. He excels in steering organizations towards success by setting up robust finance & accounts operations and implementing efficient reporting systems. His rich experience spans Assurance, Operations, Outsourcing, Automation, Cost management, and Taxation.
Mr Sandeep Sharma at the Defining Responsibility Framework, an India 2047 - Centre of Excellence Workshop
Mr Sandeep Sharma
President, Bhartiya Vitta Salahkar Samiti (BVSS)
Key Points
- Expresses concerns regarding AI and digital influence.
- Issues in Vendor Due Diligence.
- There are concerns over misuse of GST registration for banking purposes.
- Call for Regulatory Intervention to rectify current practices.
- Advocates for the need for regulations and guidelines to address these issues.
Recommendations
Privacy and Personalisation
- AI algorithms personalise user experiences based on their online behaviour. While this can enhance user engagement, it also raises concerns about privacy and the potential for algorithmic bias. There is need for greater transparency and control over how personal data is used and shared.
Educational Ethics
- Promoting the use of AI in schools and AI powered tools for homework assignments is a serious concern.
- Educators need to consider the broader implications of integrating AI into the curriculum and ensure that students are taught critical thinking skills alongside technological tools.
Vendor Due Diligence
- There is need for thorough vetting processes and that regulatory authorities should implement stricter guidelines for verifying the authenticity of vendors and their operations.
Regulatory Framework
- There is need for comprehensive regulatory frameworks to address various issues related to digital technologies, including privacy, fraud prevention and banking practices.
- Guidelines and regulations are required to ensure accountability and transparency in using digital tools and platforms.
- Digital landscape is constantly evolving. It has to be ethical and transparent. There is a need for regulatory oversight.
- Stakeholders should collaborate proactively to address emerging challenges and protect consumer interests.
