News

Cabinet approves expansion of Digital India programme to boost digital economy of India In an effort to boost the digital economy of India, drive digital access to services and support India’s IT and electronics ecosystem, the Union Cabinet has approved the expansion of the Digital India programme with an outlay of Rs 14,903 crore. Digital India programme was launched on July 1, 2015 to enable digital delivery of services to citizens. It has proved to be a very successful program. Under the Digital India programme, 6.25 lakh IT professionals will be re-skilled and up-sk...
Cabinet approves expansion of Digital India programme to boost digital economy of India
Cabinet approves expansion of Digital India programme to boost digital economy of India
Source: Accord Fintech
17/08/2023 2:17:14 PM
Cabinet okays expansion of Digital India programme with outlay of Rs 14,903cr The Union Cabinet on Wednesday approved the expansion of the Digital India programme with an outlay of Rs 14,903 crore.  Minister for Railway, Electronics and IT Ashwini Vaishnaw, while addressing a press conference after the meeting of the Union Cabinet, said that 6.25 lakh IT professionals will be re-skilled and up-skilled under FutureSkills Prime programme.  The Digital India programme was first launched in 2015 by the Centre and now under its ambit, 2.65 lakh people will b...
Cabinet okays expansion of Digital India programme with outlay of Rs 14,903cr
Cabinet okays expansion of Digital India programme with outlay of Rs 14,903cr
Source: IANS
16/08/2023 6:02:34 PM
Centre extends application window under PLI scheme for IT hardware till August 30 The government on Monday extended the window for receiving applications under the production-linked incentive (PLI) scheme 2.0 for IT Hardware till August 30. The PLI Scheme 2.0 for IT Hardware was notified on May 29 with a budgetary outlay of Rs 17,000 crore. It is expected to result in broadening and deepening of the manufacturing ecosystem by encouraging the localisation of components and sub-assemblies and allowing for a longer duration to develop the supply chain within the country...
Centre extends application window under PLI scheme for IT hardware till August 30
Centre extends application window under PLI scheme for IT hardware till August 30
Source: IANS
31/07/2023 6:03:01 PM
Country`s civil aviation sector democratised in last nine years: Jyotiraditya M Scindia Minister of Civil Aviation and Steel Jyotiraditya M Scindia has said that the country's civil aviation sector has been democratised in the last nine years. Along with the number of airports, there has been a vast expansion in the number of aircraft and the market size. And in this expansion of big metro airports and large airlines, are as important as small town airports, small airlines and helicopters. At Heli Summit 2023, the minister launched UDAN 5.2 and HeliSewa-App. UDAN 5.2 has ...
Country`s civil aviation sector democratised in last nine years: Jyotiraditya M Scindia
Country`s civil aviation sector democratised in last nine years: Jyotiraditya M Scindia
Source: Accord Fintech
26/07/2023 12:57:48 PM
India is home to world`s third largest startup ecosystem: Dharmendra Pradhan Union Minister for Education & Skill development & Entrepreneurship Dharmendra Pradhan has said that India is home to world’s third largest startup ecosystem. He underlined that Young India’s innovation and creativity coupled with supportive government policies like the Digital India, Startup India are enabling the country’s youth to become job creators.  The Minister shared his thoughts on how skill development, technology, digitisation, institutional lendin...
India is home to world`s third largest startup ecosystem: Dharmendra Pradhan
India is home to world`s third largest startup ecosystem: Dharmendra Pradhan
Source: Accord Fintech
18/07/2023 1:46:13 PM
Tanla Platforms moves up on getting nod to acquire entire stake in VF Digital India Tanla Platforms is currently trading at Rs. 848.20, up by 8.10 points or 0.96% from its previous closing of Rs. 840.10 on the BSE. The scrip opened at Rs. 845.20 and has touched a high and low of Rs. 856.00 and Rs. 840.10 respectively. So far 28540 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1333.25 on 09-Jun-2022 and a 52 week low of Rs. 506.10 on 27-Mar-2023. Last one week high and low of the scrip stood a...
Tanla Platforms moves up on getting nod to acquire entire stake in VF Digital India
Tanla Platforms moves up on getting nod to acquire entire stake in VF Digital India
Source: Accord Fintech
9/06/2023 10:34:44 AM
Digital India Act to curb high-risk AI, enable startup innovation: Centre The Centre on Tuesday said that the upcoming Digital India Act (DIA) will strictly deal with misinformation and 'high-risk AI' to prevent user harm, and the first draft of the Bill is expected by the first week of June. In the second round of pre-drafting public consultations with various stakeholders, here Rajeev Chandrasekhar, Union Minister of State for Electronics and IT, said that amid the growing threat of AI-related misinformation, the government will create necessary guardr...
Digital India Act to curb high-risk AI, enable startup innovation: Centre
Digital India Act to curb high-risk AI, enable startup innovation: Centre
Source: IANS
23/05/2023 2:47:30 PM
India`s Oldest & Largest Digital Payments Conference is Back Digital Money 2023 to Bring Together Payments Industry Leaders Mumbai: India’s oldest and largest conference on digital payments, Digital Money, is back with its 15th edition. The conference is being organised by the Payments Council of India (PCI), in association with Lyra India,  on Monday, May 08, 2023, at Taj Santacruz in Mumbai. The premier conference will bring together more than 50 speakers including policymakers, visionary founders, and stalwarts from the payments industry to discuss the future of digital payments in India. O...
India`s Oldest & Largest Digital Payments Conference is Back Digital Money 2023 to Bring Together Payments Industry Leaders
India`s Oldest & Largest Digital Payments Conference is Back Digital Money 2023 to Bring Together Payments Industry Leaders
Source: PR Agency
4/05/2023 5:23:43 PM
Government to meet stakeholders again to make Digital India Act more inclusive The government will meet policy experts and other stakeholders for the second round of consultations on May 3 to draft the much-anticipated Digital India Act (DIA) which is expected in the next 2-3 months. In March, the Ministry of Electronics and Information Technology (Meity) held the first round of pre-drafting consultations with stakeholders on the Digital India Act that aims to catalyse India's ambition of being in the leading pack of nations that would shape the future technologi...
Government to meet stakeholders again to make Digital India Act more inclusive
Government to meet stakeholders again to make Digital India Act more inclusive
Source: IANS
1/05/2023 10:55:03 AM
Finastra and Integro Technologies to offer comprehensive digitalization and exposure risk offering for trade finance  Finastra’s Trade Innovation and Integro’s SmartLender Trade Limits solutions to be available globally through a single offering  Finastra, a global provider of financial services software applications and marketplaces, today announced a partnership with Integro Technologies a subsidiary of Aurionpro, the pioneer provider of high-end lending platforms, to offer Integro’s SmartLender Trade Limits solution alongside its own Trade Innovation solution...
Finastra and Integro Technologies to offer comprehensive digitalization and exposure risk offering for trade finance
Finastra and Integro Technologies to offer comprehensive digitalization and exposure risk offering for trade finance
Source: PR Agency
23/02/2023 2:59:46 PM
Pine Labs & Thomas Cook India partner to enable UPI payments to merchants for foreign nationals from G20 nations * Collaborated with NPCI for UPI enabled Indian Rupee payments for foreign nationals from G20 nations * Successfully completed first UPI-PPI wallet transaction for a G20 foreign national at Bengaluru Airport on February 21, 2023 * To go live at all Thomas Cook airport counters * Pine Labs launches FaveMoneyto enable the payment process Pine Labs, a leading merchant commerce omnichannel platform and Thomas Cook (India) Limited, India’s leading foreign exchange service pr...
Pine Labs & Thomas Cook India partner to enable UPI payments to merchants for foreign nationals from G20 nations
Pine Labs & Thomas Cook India partner to enable UPI payments to merchants for foreign nationals from G20 nations
Source: PR Agency
23/02/2023 2:38:32 PM
Axis Bank enables settlement of cross border transaction in real-time through the UPI network * Providing a real-time and cost-effective cross-border payment solution between India and Singapore * Axis Bank will currently settle transactions to beneficiaries holding an account with or are registered on the UPI App of SBI, IOB, Indian Bank, ICICI, DBS, and Axis Bank   Axis Bank, India’s third largest private sector bank, has successfully enabled cross-border transactions in real-time via the UPI Network. This initiative is a part of the joint initiative between the ...
Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Source: PR Agency
22/02/2023 12:03:12 PM
India Can Become World Leader in AI & ML: TRAI Chairman Dr. P D Vaghela India has a demographic advantage in IT talent and a fast-growing start-up culture that can be used to its utmost potential for the country to become a world leader in AI and ML. Dr. P D Vaghela, Chairman, Telecom Regulatory Authority of India (TRAI), said this at the 17th India Digital Summit (IDS 2023), being organized here by the Internet and Mobile Association of India (IAMAI), in association with Google and MessageBird, on February 20-21, 2023. Quoting a PwC research, he said, ...
India Can Become World Leader in AI & ML: TRAI Chairman Dr. P D Vaghela
India Can Become World Leader in AI & ML: TRAI Chairman Dr. P D Vaghela
Source: PR Agency
20/02/2023 5:46:06 PM
Inaugural G20 Finance Ministers, Central Bank Governors meeting in Bengaluru The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, under the G20's Indian Presidency, is scheduled to take place in Bengaluru between February 24-25. The meeting is aimed at fostering a meaningful exchange of ideas among ministers and Governors to address some of the key global economic issues. Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das will jointly chair the meeting, official sources said. The G20 FMCBG m...
Inaugural G20 Finance Ministers, Central Bank Governors meeting in Bengaluru
Inaugural G20 Finance Ministers, Central Bank Governors meeting in Bengaluru
Source: IANS
19/02/2023 5:34:53 PM
Number of digital payment transactions spike in FY 2021-22 The number of digital payment transactions increased significantly during the last few years -- from Rs 2,071 crore in FY 2017-18 to Rs 8,840 crore in FY 2021-22. As per a written reply by the Union Ministry of Electronics in the Lok Sabha on Wednesday, during the last five years, various easy and convenient modes of digital payments, including Bharat Interface for Money-Unified Payments Interface (BHIM-UPI), Immediate Payment Service (IMPS), and National Electronic Toll Collection (NETC),...
Number of digital payment transactions spike in FY 2021-22
Number of digital payment transactions spike in FY 2021-22
Source: IANS
8/02/2023 2:27:04 PM
Aadhaar e-KYC transactions up 18.53% in Q3 of FY 2022-23 Adoption of Aadhaar based e-KYC has witnessed continuous progress, and in the October-December quarter (Q3) of FY 2022-23, more than 84.8 crore e-KYC transactions were executed using Aadhaar, a growth of 18.53 per cent over the Q2 (July-September) of the current financial year. In December alone, 32.49 crore e-KYC transactions were carried out using Aadhaar, over 13 per cent more than the previous month. The Aadhaar e-KYC service is increasingly playing an important role for banking and...
Aadhaar e-KYC transactions up 18.53% in Q3 of FY 2022-23
Aadhaar e-KYC transactions up 18.53% in Q3 of FY 2022-23
Source: IANS
28/01/2023 9:37:42 AM
Digitally transforming agriculture India's agriculture sector has continued to grow in leaps and bounds, especially in terms of output- driven by a rising population and increasing external demand. In 2022 alone, the country covered almost half of the global rice market. The country is also one of the largest producers of spices, milk, and pulses in the world and has the largest dedicated land for rice, wheat, and cotton in the world. But, transforming the Indian Agri space to make the country a global leader in food produ...
Digitally transforming agriculture
Digitally transforming agriculture
Source: IANS
26/01/2023 12:46:44 PM
Indian startups hail Supreme Court ruling on Google-CCI case Home-grown startup founders on Thursday hailed the Supreme Court's order where it refused to interfere with the National Company Law Appellate Tribunal (NCLAT) decision, declining to stay operation of the Competition Commission of India (CCI) order imposing Rs 1,337.76 crore fine on Google. Google had moved the apex court after the setback at the NCLAT, which did not stay the CCI order on abuse of dominant position in multiple markets in the Android mobile device ecosystem case. Roh...
Indian startups hail Supreme Court ruling on Google-CCI case
Indian startups hail Supreme Court ruling on Google-CCI case
Source: IANS
20/01/2023 9:40:47 AM
Microsoft plans six more data centres in Hyderabad  Software giant Microsoft plans to expand their data centre investment in Hyderabad by setting up three more data centres, the Telangana government announced on Thursday. Microsoft had last year announced its first captive data centre investment of three campuses. While the earlier investment commitment entailed three data centres in Hyderabad, each with an IT capacity of at least 100 MW, Microsoft now targets to reach 6 total data centres in Telangana with each data centre serving 10...
Microsoft plans six more data centres in Hyderabad
Microsoft plans six more data centres in Hyderabad
Source: IANS
20/01/2023 9:32:18 AM
Digital India emerges top wealth-generation opportunity for Indian retail investors The 'Digital India' theme has emerged as an incredible wealth-generation opportunity for retail investors, investment technology platform WealthDesk said on Wednesday. The 'WealthDesk Year-end Bulletin' underscored that the country has made significant progress in terms of digital friendliness since 2017. As per the bulletin, ITC Ltd., ICICI Bank, Coal India, Sun Pharmaceutical Industries and State Bank of India were the most popular stocks among the 'WealthBasket Cu...
Digital India emerges top wealth-generation opportunity for Indian retail investors
Digital India emerges top wealth-generation opportunity for Indian retail investors
Source: IANS
18/01/2023 6:45:16 PM
Digital India emerges top wealth-generation opportunity for Indian retail investors  The 'Digital India' theme has emerged as an incredible wealth-generation opportunity for retail investors, investment technology platform WealthDesk said on Wednesday. The 'WealthDesk Year-end Bulletin' underscored that the country has made significant progress in terms of digital friendliness since 2017. As per the bulletin, ITC Ltd., ICICI Bank, Coal India, Sun Pharmaceutical Industries and State Bank of India were the most popular stocks among the 'WealthBas...
Digital India emerges top wealth-generation opportunity for Indian retail investors
Digital India emerges top wealth-generation opportunity for Indian retail investors
Source: IANS
18/01/2023 5:29:03 PM
India has shown growth and resilience amid global headwinds: PM Narendra Modi Prime Minister Narendra Modi said on Friday that India has shown growth and resilience amid global headwinds, as he urged the public and private sectors to seize opportunities arising as a result of emerging global environment, and to think out of the box. Modi said this during his interaction with economists prior to the forthcoming Union Budget to be presented on February 1. Recognising that the underlying global headwinds are likely to continue, strategic recommendations were also ma...
India has shown growth and resilience amid global headwinds: PM Narendra Modi
India has shown growth and resilience amid global headwinds: PM Narendra Modi
Source: IANS
14/01/2023 10:20:22 AM
President Droupadi Murmu gives away Digital India Awards 2022 The President of India, Droupadi Murmu, on Saturday presented the seventh edition of the Digital India Awards 2022 in which 22 innovative digital initiatives by government entities were felicitated. The Minister for Communications, Electronics & Information Technology and Railways, Ashwini Vaishnaw, and other dignitaries were present on the occasion. Speaking on the occasion, the President said that the Digital India Awards 2022 acknowledge, inspire and motivate not only government ...
President Droupadi Murmu gives away Digital India Awards 2022
President Droupadi Murmu gives away Digital India Awards 2022
Source: IANS
8/01/2023 9:40:33 AM
Satya Nadella meets PM, assures cooperation for Digital India campaign Chairman and CEO of Microsoft Corporation Satya Nadella on Thursday met Prime Minister Narendra Modi, describing it as an "insightful meeting". "Thank you narendramodi for an insightful meeting. It's inspiring to see the government's deep focus on sustainable and inclusive economic growth led by digital transformation and we're looking forward to helping India realise the Digital India vision and be a light for the world," Nadella tweeted after the meeting. ...
Satya Nadella meets PM, assures cooperation for Digital India campaign
Satya Nadella meets PM, assures cooperation for Digital India campaign
Source: IANS
5/01/2023 1:00:09 PM
Digital Personal Data Protection Bill Industry-Friendly: IAMAI New Delhi: The Internet and Mobile Association of India (IAMAI, www.iamai.in) in a statement issued today has lauded the Digital Personal Data Protection Bill (DPDP) as industry-friendly. It has struck the right balance between protecting the interests of the data principals while leaving enough room for tech start-ups to innovate and grow.   According to the feedback received from the majority of IAMAI members, the reconceptualization of the data protection framework in the DPDP...
Digital Personal Data Protection Bill Industry-Friendly: IAMAI
Digital Personal Data Protection Bill Industry-Friendly: IAMAI
Source: PR Agency
2/01/2023 6:37:24 PM
India`s internet industry to reach $5 trillion valuation by 2030 Despite a few hiccups this year, the Indian internet industry is expected to grow and could reach a valuation of $5 trillion by 2030, a report showed on Monday. Home to 780 million internet users, India is home to the second largest internet user base in the world. "As digital will continue to play a significant role, India's internet GMV (not valuation) will grow to about $1 trillion by 2030, equivalent to $5 trillion in public and private market cap,a according to data by mar...
India`s internet industry to reach $5 trillion valuation by 2030
India`s internet industry to reach $5 trillion valuation by 2030
Source: IANS
2/01/2023 11:13:02 AM
PayMate Receives In-Principle Authorization To Operate As A Payment Aggregator From RBI PayMate India Limited (“PayMate” or the “Company”), a leading B2B payments and services provider that digitizes, automates, and streamlines business-to-business (B2B) payments in supply chains announced that the company has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA) subject to the guidelines on regulation of payment aggregators (PAs) and payment gateways (PG) dated March 17, 2020 (“RBI Guidelin...
PayMate Receives In-Principle Authorization To Operate As A Payment Aggregator From RBI
PayMate Receives In-Principle Authorization To Operate As A Payment Aggregator From RBI
Source: PR Agency
8/12/2022 5:50:24 PM
India's G20 Presidency will boost global economy, open Internet: Sundar Pichai  India taking over the G20 Presidency will be an amazing opportunity to build consensus on strengthening the global economy by advancing an internet that is open, connected, secure and works for everyone, Alphabet and Google CEO Sundar Pichai has said. Pichai, who received the Padma Bhushan, India's highest civilian honour, from India's Ambassador to the US, Taranjit Singh Sandhu, in San Francisco, said that it is incredibly meaningful to be honoured in this way "by the c...
India's G20 Presidency will boost global economy, open Internet: Sundar Pichai
India's G20 Presidency will boost global economy, open Internet: Sundar Pichai
Source: IANS
3/12/2022 11:21:54 AM
Ospyn transforming Indian enterprises from paper-based era to digital As enterprises of all sizes double down on their digital transformation journey in India, Technopark-incubated Ospyn Technologies is providing reliable digital transformation solutions to various industries in the country, helping them transform from paper-based processes and manual processes to digital operations. Launched in 2000, Ospyn offers digital transformation solutions to government, banking and financial institutions, healthcare, and educational institutions. It has an expanding ...
Ospyn transforming Indian enterprises from paper-based era to digital
Ospyn transforming Indian enterprises from paper-based era to digital
Source: IANS
1/12/2022 3:05:34 PM
India to promote digital public infrastructure to deepen financial inclusion : Amitabh Kant In order to deepen financial inclusion and improve service delivery, India's G20 Sherpa Amitabh Kant has said India will work with countries to promote digital public infrastructure. India will officially assume the G20 presidency from the current chair Indonesia on December 1. He said India is taking over the presidency of the G20 at a time when the world is going through a lot of turmoil. He added there is a geopolitical crisis in Europe, 200 million people have gone below poverty line ...
India to promote digital public infrastructure to deepen financial inclusion : Amitabh Kant
India to promote digital public infrastructure to deepen financial inclusion : Amitabh Kant
Source: Accord Fintech
30/11/2022 11:08:13 AM
India central bank to start pilot of retail digital rupee on December 1 The Reserve Bank of India's first pilot for a retail e-rupee, its version of the central bank digital currency (CBDC), will be launched on Dec. 1, it said in a statement on Tuesday. The pilot will cover select locations in a closed user group comprising participating customers and merchants, the central bank said. "It would be issued in the same denominations that paper currency and coins are currently issued," the statement added. "It would be distributed through int...
India central bank to start pilot of retail digital rupee on December 1
India central bank to start pilot of retail digital rupee on December 1
Source: Reuters
29/11/2022 4:31:34 PM
Tech summit looks `Beyond Bengaluru` to achieve 10K startups goal by 2030 Even as the Bengaluru Tech Summit celebrates its 25th anniversary, the Karnataka government is looking beyond the capital city and moving aggressively to position emerging tech clusters from across the state on the digital global map. Concerted efforts to drive anchor industries across the three clusters in Phase 1 with the help of the industry and academic partners are underway. The 'Beyond Bengaluru' strategy envisages Mysuru as the hub for cybersecurity and ESDM, Hubballi-Dha...
Tech summit looks `Beyond Bengaluru` to achieve 10K startups goal by 2030
Tech summit looks `Beyond Bengaluru` to achieve 10K startups goal by 2030
Source: IANS
19/11/2022 10:02:03 AM
Bengaluru Tech Summit: Booster Kit initiative launched to facilitate startups` growth C.N. Ashwath Narayan, Karnataka Minister for IT/BT, launched the 'Booster Kit' initiative on Friday which aims to support the growth of startups in the state. As part of the initiative, the government inked nine MoUs at the Bengaluru Tech Summit 2022 with ecosystem partners, which included Google, Paytm, HDFC, RazorPay, Microsoft, The GAIN, Dayanand Sagar Entrepreneurship Research and Business incubation, AWS Activate and StrongHer Ventures. On behalf of the government, the offi...
Bengaluru Tech Summit: Booster Kit initiative launched to facilitate startups` growth
Bengaluru Tech Summit: Booster Kit initiative launched to facilitate startups` growth
Source: IANS
19/11/2022 9:49:24 AM
Inflation, rising costs to slow down digital transformation: Report About 58 per cent healthcare industry professionals globally believe that digital transformation initiatives would be slowed down due to inflation and rising costs, a new report showed on Tuesday. About 63 per cent of healthcare and pharmaceutical industry professionals in North America expected a disruption to digitalisation initiatives in their business units due to inflation. The same opinion was expressed by 55 per cent of industry professionals in Europe and 47 per cent in the Asia...
Inflation, rising costs to slow down digital transformation: Report
Inflation, rising costs to slow down digital transformation: Report
Source: IANS
8/11/2022 11:02:00 AM
AdaniConneX announces opening of its flagship data centre campus in Chennai AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, announced the opening of 'Chennai 1' hyperscale data centre campus located at SIPCOT IT Park in Chennai, India. In Phase 1, the campus offers 17 MW (IT Load) that will scale up to 33 MW (IT Load) at full capacity. The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre. The facility will also be powered with up to 100 per cent Renewable Energy, offering enterp...
AdaniConneX announces opening of its flagship data centre campus in Chennai
AdaniConneX announces opening of its flagship data centre campus in Chennai
Source: IANS
5/11/2022 11:00:54 AM
CII Agro Tech a synergy between agriculture and industry: Vice President Jagdeep Dhankhar The Confederation of Indian Industry (CII) has done a wonderful job with Agro Tech India by bringing in a synergy between agriculture and industry, and also by bringing all relevant stakeholders at one platform, Vice President of India, Jagdeep Dhankhar, said on Friday at the inaugural session of CII Agro Tech India 2022 here. "Our ultimate aim should be to generate sustainable incomes for our farmers. This will reduce poverty and enhance prosperity for our 'annadatas'. We nee...
CII Agro Tech a synergy between agriculture and industry: Vice President Jagdeep Dhankhar
CII Agro Tech a synergy between agriculture and industry: Vice President Jagdeep Dhankhar
Source: IANS
5/11/2022 10:48:31 AM
5G will improve network performance in India: TRAI Chairperson Dr P.D. Vaghela Telecom Regulatory Authority of India (TRAI) Chairperson Dr P.D. Vaghela on Friday said that introduction of 5G technology will enable India to achieve the digital empowerment goal and improve the well-being of the people. "5G technology would offer significant improvements in network performance and is likely to transform industries and society, putting the country on an unprecedented growth trajectory. 5G would have a massive impact on various industries and on the overall economy,&...
5G will improve network performance in India: TRAI Chairperson Dr P.D. Vaghela
5G will improve network performance in India: TRAI Chairperson Dr P.D. Vaghela
Source: IANS
5/11/2022 9:13:53 AM
Prime Minister Narendra Modi to dedicate 75 digital banking units to nation on October 16 Aiming to strengthen the financial inclusion framework in the country, Prime Minister Narendra Modi will dedicate 75 digital banking units (DBUs) to the nation on October 16 at 11 a.m. via video conferencing. As part of the Union budget speech for 2022-23, Finance Minister Nirmala Sitharaman had announced the setting up of the 75 DBUs in 75 districts of the country to commemorate 75 years of Independence. The DBUs are being set up with an objective to ensure benefits of digital banking ...
Prime Minister Narendra Modi to dedicate 75 digital banking units to nation on October 16
Prime Minister Narendra Modi to dedicate 75 digital banking units to nation on October 16
Source: IANS
15/10/2022 9:46:00 AM
Digital Payment solutions record unprecedented growth in India  India has been extremely keen on adopting digital payment system fully and has been making giant leaps towards it. During the last three years, digital payment transactions have registered unprecedented growth in India. Easy and convenient modes of digital payment, such as Bharat Interface for Money-Unified Payments Interface (BHIM-UPI); Immediate Payment Service (IMPS); pre-paid payment instruments (PPIs) and National Electronic Toll Collection (NETC) system have registered substant...
Digital Payment solutions record unprecedented growth in India
Digital Payment solutions record unprecedented growth in India
Source: IANS
12/10/2022 5:14:49 PM
India's RBI to soon commence pilot project of digital rupee The Indian central bank will soon commence limited pilot launches of a central bank backed digital rupee for specific use cases, it said in a concept paper released on Friday. The Reserve Bank of India has been exploring the pros and cons of a central bank digital currency for some time and is currently engaged in working towards a phased implementation strategy, it said. Use cases are being examined for an e-rupee in a way that there is minimal or no disruption to the financial system,...
India's RBI to soon commence pilot project of digital rupee
India's RBI to soon commence pilot project of digital rupee
Source: Reuters
7/10/2022 4:26:06 PM
India saw 20.5 bn online transactions worth Rs 36 trillion in Q2  India saw 20.57 billion online transactions worth Rs 36.08 trillion in the second quarter (Q2) this year, a report showed on Tuesday. The online transactions were processed through debit and credit cards, prepaid payment instruments like mobile wallets and prepaid cards and UPI which includes P2M (person to merchant) and P2P (person to person) transactions. "UPI P2P accounted for 49 per cent in volume and 67 per cent in value but in terms of merchants' transactions, UPI P...
India saw 20.5 bn online transactions worth Rs 36 trillion in Q2
India saw 20.5 bn online transactions worth Rs 36 trillion in Q2
Source: IANS
4/10/2022 2:17:23 PM
PM Narendra Modi drives 5G-enabled remote car, experiences AR-VR wearables Prime Minister Narendra Modi on Saturday experienced several 5G use cases first-hand here, along with driving a car remotely and enjoying augmented reality/virtual reality (AR/VR) via wearable devices. Inaugurating the four-day India Mobile Congress (IMC) 2022 at Pragati Maidan in the national capital, Modi visited several 5G pavilions and encouraged domestic startups to build 5G use cases. At Swedish telecommunication giant Ericsson's booth, Modi drove a car in Sweden via a 5G-enab...
PM Narendra Modi drives 5G-enabled remote car, experiences AR-VR wearables
PM Narendra Modi drives 5G-enabled remote car, experiences AR-VR wearables
Source: IANS
1/10/2022 11:58:33 AM
'Make in India' smartphones share reach 16% with 44 mn units  In order to meet the criteria for performance-linked incentive (PLI) scheme, 'Make in India' smartphone shipments grew 16 per cent year-on-year to reach 44 million units in the first quarter of this financial year, according to a new report. The Indian government's push with multiple PLI schemes has been showing a positive impact and "we saw increased local manufacturing share in product segments like smartwatch, TWS, neckband and tablet", said Counterpoint Rese...
'Make in India' smartphones share reach 16% with 44 mn units
'Make in India' smartphones share reach 16% with 44 mn units
Source: IANS
17/09/2022 4:20:36 PM
Siemens Digital Industries Software appoints new India biz head Siemens Digital Industries Software on Friday announced it has appointment Mathew Thomas as Country Manager and Managing Director for its India operations. Thomas succeeds Suprakash Chaudhuri with immediately effect, the company said in a statement. "His strong experience in business will help Siemens continue to develop solid relationships with our customers in the region, assist them in making the switch to a software-driven manufacturing strategy and open up fresh prospects for ...
Siemens Digital Industries Software appoints new India biz head
Siemens Digital Industries Software appoints new India biz head
Source: IANS
16/09/2022 3:00:17 PM
Skill or chance: India panel calls for regulatory body, new law for online gaming India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a government panel said in a report seen by Reuters. The panel of Prime Minister Narendra Modi's top officials has for months been drafting regulations for the country's online gaming sector, where foreign investors such as Tiger Global and Sequoia Capital have backed gaming startups Dream11 and Mobi...
Skill or chance: India panel calls for regulatory body, new law for online gaming
Skill or chance: India panel calls for regulatory body, new law for online gaming
Source: Reuters
15/09/2022 2:29:08 PM
India's digital revolution offers investment opportunities to U.S., says Finance Minister  India's digital revolution offered investment opportunities for the United States, the South Asian country's finance minister said on Wednesday. "India's Open Network for Digital Commerce has revolutionised the retail and manufacturing sector," Nirmala Sitharaman said on Wednesday at a business conference in the Indian capital, adding that this offered business opportunities to foreign companies.    
India's digital revolution offers investment opportunities to U.S., says Finance Minister
India's digital revolution offers investment opportunities to U.S., says Finance Minister
Source: Reuters
7/09/2022 10:41:42 AM
Smriti Irani launches CAIT Knowledge Mission on Teachers`Day Union Minister Smriti Irani launched the national campaign of Knowledge Mission of Confederation of All India Traders (CAIT) here on Monday. "In the rapidly changing business scenario of the country and at the global level, there is a great need for the traders across the country to modernise their existing business model with adoption of digital technology and modern business tools," said Irani. The CAIT through this campaign will educate and motivate the traders having great...
Smriti Irani launches CAIT Knowledge Mission on Teachers`Day
Smriti Irani launches CAIT Knowledge Mission on Teachers`Day
Source: IANS
5/09/2022 4:03:57 PM
LivFin targets to achieve Rs 800 cr AUM by March 2023: Harshad Malhotra LivFin, a registered fintech firm with the Reserve Bank of India (RBI), is aiming to achieve Rs 800 crore assets under management (AUM) by March 2023, on the back of robust pipeline that the company has built through its network, said Harshad Malhotra, Director and Head - Business, LivFin. By March 31, 2022, the AUM of the company stood at Rs 400 crore, which was 210 per cent up from a year ago period. "LivFin is working very closely with various anchors to structure products to sm...
LivFin targets to achieve Rs 800 cr AUM by March 2023: Harshad Malhotra
LivFin targets to achieve Rs 800 cr AUM by March 2023: Harshad Malhotra
Source: IANS
31/08/2022 9:16:42 AM