Page 4 - Digital Economy

Scale of digital public infrastructure staggering, says UIDAI CEO

The pandemic years strengthened people's awareness about the significance of digital economy, Saurabh Garg, Chief Executive Officer of Aadhaar-issuing body UIDAI said on Friday. The numbers and scale of digital public infrastructure today, are "staggering", Garg said speaking at IPCIDE annual conference 'State of India's Digital Economy'. For Aadhaar, between 2019 to 2022, the number of authentications doubled, he said. "When you consider any of the digital public infrastructure Aadhaar obviously being the foundational ID and therefore being basic to many of the others...We've seen between 2019 to 2022, a 100 per cent increase in the number of authentications that has been done, we've doubled it. And we reached a stage that we're doing around 70 to 80 million transactions per day," Garg said. The growth underscores the point that growth of digital economy is "so much more faster". And with focus now on larger growth for the entire economy, the digital piece will become even more .

Top headlines: FDI equity inflow contracts, no increment for Flipkart execs

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MeitY invites proposals to estimate the size of India's digital economy

Govt plans to showcase success of India's digital economy at the G20 summit to be held in New Delhi in Sept

G20 meeting: India to showcase its success in the digital economy

Discussions expected on debt of poor nations, multilateral institution reforms

16-member panel set up to draft Digital Competition Act within 3 months

Panel comprising civil servants, experts will study if Competition Act, 2002 enough to deal with new digital economy

Govt will soon launch new PLI scheme for IT hardware: Union minister

The scheme will provide additional incentives for manufacturers and original equipment manufacturers (OEMs) who incorporate Indian-designed IP into their systems and products

We want to push India's $1 trillion digital economy dream: Satya Nadella

Nadella said that India's tax spend as a percentage of its GDP is becoming normalised when compared to the developed world, and is now among the top 10 countries

Microsoft, NIELIT team up to train youth in cybersecurity skills for jobs

Tech titan Microsoft and National Institute of Electronics and Information Technology (NIELIT) on Wednesday announced a collaboration to increase access to skills for jobs through Cyber Shikshaa and Ready4Cybersecurity programmes. Nearly 3,500 learners will undergo training and receive internship or employment opportunities for in-demand cybersecurity jobs. NIELIT and Microsoft will deploy Cyber Shikshaa and Ready4Cybersecurity programmes in 30 training centres of NIELIT in Tier 2 and Tier 3 towns, with a special focus on Jammu and Kashmir, Ladakh and states in the North-East region of India. NIELIT and Microsoft have collaborated to train youth in cybersecurity skills for jobs, a release said, adding these programmes would be scaled in subsequent years to integrate cybersecurity training programmes in all the training centres of NIELIT. The global cybersecurity skills gap and the lack of diversity in the workforce are among the urgent issues facing the digital economy. Studies sh

Digital economy poised for strong 2023, says MoS IT Rajeev Chandrasekhar

India's digital prowess will grow in 2023 and over the next five years, driven by technology, start ups, semiconductors, electronics and computing, IT Minister Rajeev Chandrasekhar has said allaying any concerns over tech winter, and predicting spring for the country's booming innovation ecosystem. The comments by the IT minister are significant given the backdrop of slowdown headwinds in the West, recent spate of layoffs by US tech giants, global market turmoil, and talks of tech winter. Chandrasekhar, who is the Minister of State for Electronics and IT, told PTI that global and domestic opportunities for digitisation continue to be "very strong". He exuded confidence that India's trillion dollar digital economy vision is "well within our grasp" and "an absolutely incontrovertible fact". The momentum of digital economy will continue in 2023, backed by enabling rules and laws that offer catalysing framework for technological growth and innovation, he promised. It is pertinent to .

Leading the global digital economy

With its abundance of talent, wealth, and innovative capabilities, India's digital ecosystem is a vital global asset that could be harnessed to solve major challenges worldwide

Valuation gap with peers is expected to narrow for Axis Bank

It is leveraging the digital ecosystem, focusing on acquisition of corporate salary accounts, and also cross-selling products to existing clients

India-EU Competition Week on digital resolutions starts on Monday

Experts from the European Union would share their experiences in applying antitrust laws to the digital economy and markets and the introduction of the EU's Digital Markets Act

Digital economy to create 10 million in 2 years: Ashwini Vaishnaw

Start-ups leading technology development, can emerge from small villages even: Minister

Govt aims to cross 10 mn job-mark from digital economy in 2 yrs: Vaishnaw

The government has set a target to cross 1 crore job-mark in the next 2 years in three main segments of digital economy -- electronics, startups and IT, and IT-enabled services, minister for IT and Communications Ashwani Vaishnaw said on Wednesday. While speaking at an ESCSTPI event for startups, Vaishnaw said three big pillars of digital economy -- electronics manufacturing, IT and ITes, startups -- they have created 88-90 lakh jobs. "Government has set a target that in this we should be easily crossing 1 crore jobs in the coming two years without any doubt," the minister said. He said that the digital economy and its associated employment is a major trend now and the other trend is diversity. "Earlier names of a couple of cities were mentioned for startups. Now when I go to schools in villages, children in villages want to set up a start-up," Vaishnaw said. The minister said that India is now becoming a technology producer from being a technology consumer. He said that the Soft

OTT discussions on draft telecom bill to hamper Indian startups: IAMAI

The IAMAI, in its letter to the Department of Communication (DoT), has expressed grave concern about the impact of these changes on India's startup ecosystem and the digital economy

National security, building cybersecurity products on our agenda: DSCI CEO

'Tremendous amount' of data will be flowing into India, says leader of research and policy group

Is investors' love for digital India over?

Shares of companies within the ambit of digital theme have succumbed to the turmoil in the global tech industry as recession fears continue to rise. What do experts recommend against this backdrop?

Infosys BPM opens AI, automation unit in Poland for global clients

Centre will offer solutions for lowering costs, productivity, and customer experience: Company

'US looking forward to support India's G20 presidency': Janet Yellen

The 2022 G20 Summit will take place under the presidency of Indonesia in Bali between November 15 and 16

CCI needs an update to ensure fair play in digital economy, say experts

New Bill, better training will help anti-trust regulator perform better, they add