Page 6 - Digital India

Indian Web3 industry growing at 57% CAGR, to reach $1.1 bn by 2032: Report

The Indian Web3 market is expected to reach $1.1 billion by 2032, up from $0.0049 billion in 2022 at a compound annual growth rate (CAGR) of 57 per cent, a report showed on Tuesday

Govt planning to set up index to track states on their digital initiatives

The index will establish better coordination among states for learning from each other's work in the domain

PoS terminals and the future of digital payments

The offline unorganised segment will drive merchant payment digitisation with QR codes and sound boxes - devices with speakers that display alerts for merchants when transactions are processed

Rules for invasive gadgets likely under Digital India Act: Chandrasekhar

Minister of State for Electronics and IT Rajeev Chandrasekhar on Thursday held the first-ever consultation on the proposed Digital India Act and discussed rules to handle data captured by invasive gadgets like spy glasses and wearable devices. The draft of the Digital India Act will be firmed up after two more rounds of discussion with stakeholders, the minister told PTI in a virtual interview after the first consultation in Bengaluru. He said that the draft is likely to be issued in April and it will be followed up with more rounds of public consultation for about 45-60 days before being placed in the Parliament for final approval. "We have undertaken for the first time ever consultation around the principal architectural design of legislation. The outcome of this consultation will be a draft. The draft in turn will be consulted extensively for a period that will be not less than 45 to 60 days," Chandrasekhar said. Based on the timelines for consultation, the draft bill is likely

Xiaomi India joins United Way to support digi learning for 4,000 students

Smart device maker Xiaomi on Thursday announced it has teamed up with United Way India to establish Innovative Tinkering labs to supplement the learning process for over 4,000 children across 12 government and one government-aided schools located in Karnataka and Delhi-NCR. Under the collaboration, Xiaomi India aims to develop sustainable futuristic skill-sets among children by offering them access to multiple technologies and enabling them to build new solutions to solve the challenges, Xiaomi said in a release. These labs will assist students in having a better insights into digital education, mobile technology, and robotics and empower them to have an effective learning experience. An experiential learning approach known as 'Learning by Doing' will be followed to engage with the students in the process of learning. According to the release, these labs will nurture computational skills, design thinking, problem-solving, physical computing, and adaptive learning in students and eq

90% firms lack culture, structure to unlock digital growth: Infosys report

A mere 7 per cent of companies have the right combination of culture and operating structure to spur growth from digital technologies, according to a new research from the Infosys Knowledge Institute. The report -- based on a survey of 2,700 business executives across the US, UK, France, Germany, Australia, New Zealand, China, and India -- found that companies that make decisions based on high quality, transparent data and build a culture of responsible risk-taking are more likely to deliver profitable growth in tough macro-economic conditions. Moreover, organising around products, not process, gets new products to market faster, increasing early-mover advantage. The report by Infosys Knowledge Institute (the thought leadership arm of Infosys) found that nine out of ten companies lack the culture and organisational structure to unlock digital growth. It said only seven per cent of companies have the correct combination of culture and operating structure to boost growth from digital

Centre invites Big Tech, start-ups to discuss digital competition law

Big Tech companies have been asked to come separately on March 11 to make suggestions on the digital competition law

Indian workers with digital skills contributing $508 bn to country's GDP

Workers in India, who use advanced digital skills like cloud architecture or software development, are contributing an estimated $507.9 billion (Rs 10.9 trillion) to the country's annual GDP

Trai proposes regulatory framework to rate buildings on their digital infra

The development is crucial in light of users' preferences for working from anywhere and their demands for continuous digital connectivity

Trai initiates talks on digital connectivity infra provider authorisation

TRAI on Thursday began stakeholder discussions on introduction of 'Digital Connectivity Infrastructure Provider' authorisation under unified licence, as it underlined the importance of "robust" digital connectivity in economic development. Digital connectivity infrastructure plays a vital and leading role in successful implementation of various government schemes under Digital India, Make in India, Ayushman Bharat Digital Mission and development of smart cities, the regulator said as it floated its latest consultation paper for stakeholder views. The Telecom Regulatory Authority of India (TRAI) further said the recently-launched 5G will transform India into a broadband superhighway and improve the country's socio-economic structure. It is imperative that new players are encouraged through conducive licencing framework for creation of active and passive infrastructure, it added. "TRAI has today released the consultation paper on 'introduction of Digital Connectivity Infrastructure .

Budget: Govt proposes to simplify KYC procedure with 'risk-based' approach

The government on Wednesday proposed to simplify the KYC procedure by adopting a 'risk-based' rather than the 'one size fits all' approach currently in practice. In her Budget Speech, finance minister Nirmala Sitharaman also proposed to introduce a 'one stop solution' for identity and address updating through the DigiLocker service. Another significant announcement made by the minister relates to use of PAN as common identifier for business establishments for digital systems of government agencies. "The KYC process will be simplified adopting a 'risk-based' instead of 'one size fits all' approach," Sitharaman said as she presented the last full budget before the 2024 general elections. The financial sector regulators will also be encouraged to have a KYC (Know Your Customer) system fully amenable to meet the needs of Digital India. She also announced a one stop solution, for reconciliation and updating of identity and address of individuals maintained by various government agencie

Budget 2023: Here is what FM Sitharaman said about Digital India campaign

One of the main priorities of the government is building a Digital India during the Amrit Kaal

Google says CCI's orders strike blow at digital adoption in India

In a blog, Google said, it has partnered deeply with India in the last several years of its exciting digital transformation

Cost of living crisis, digital inequality among risks for India: WEF

Global Risks Report lists cost of living crisis and climate change as biggest global risks

Satya Nadella meets PM Modi, assures cooperation for Digital India campaign

Nadella, who is on a four-day visit to India, also met External Affairs Minister S Jaishankar

IT ministry looking to regulate online gaming for children: Report

The new regulations may make it necessary for gaming companies to install mechanisms to prevent in-game purchases by anyone below 18 years of age

Expect bold changes in the year 2023

India is making rapid strides in the area of digital banking, meeting the expectations of a digitally agile customer base in the information age

BS Views of the week: Freebies, cybersecurity, milk prices, and more

Business Standard's opinion pages this week focused on freebies, cybersecurity, milk prices, and much more

Govt to launch Digital India Innovation Fund for startups: IT ministry

The government will launch a Digital India Innovation Fund that will support deeptech startups, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Friday. The minister made these comments during his address to over 1,000 college students as part of the 'New India for Young India: Techade of Opportunities program' at the Catholic Bishop House Campus, Thamarassery, Kerala, an official statement said. Chandrasekhar said the government will launch a Digital India Innovation Fund that will support deeptech startups. The minister mentioned that PM's vision of New India is one with ample opportunities for every Indian to participate in the development process, with hardwork and skills as the only determinants of success.

Indian rupee goes digital

Digital currency and fail-safe wireless connectivity should have preceded demonetisation