Page 3 - Digital Economy

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

NHAI now accepts electronic bank guarantees, aims to adopt digital tech

The National Highways Authority of India (NHAI) has started accepting electronic bank guarantees and digitalised all its existing bank guarantees, an official statement said on Wednesday. The move is aimed at improving the efficiency and transparency of internal processes and taking forward the adoption of digital technology. NHAI is using the electronic bank guarantee services of the National e-Governance Services Ltd, which helps in the reduction of physical paper movement, doing away with physical storage needs and easy access to the bank guarantee life cycle, including renewal. Few electronic bank guarantees (E-BGs) have already been issued by banks in favour of NHAI. "E-BGs promote transparency, bring in several efficiencies and provide ease of doing business to our stakeholders," Alka Upadhyaya, Secretary, Ministry of Road Transport and Highways & Chairperson, NHAI, said.

Will realise $1-trn digital economy goal in 5-7 years: Rajeev Chandrasekhar

The Minister of State for Electronics and Information Technology said that despite the deep disruption caused by the pandemic, India as a nation has emerged stronger

Covid impact shows that work can be done remotely: Wipro's Rishad Premji

IT companies facing high attrition because they chase the same talent pool and should widen their search, he says

Yotta signs MoU with UP govt to invest Rs 39,000 cr in data centre park

First data centre already launched at a cost of Rs 1,500 cr; Yotta to spend Rs 39,000 cr on construction, IT equipment and hardware over next 5-7 years

No break-up fee from Prosus after termination of deal with BillDesk

PayU's expansion plans which it had charted out based on the acquisition have been put on hold for over a year

Penalty to be levied on tech giants breaking digital market rules

These norms are expected to prohibit actions taken by e-commerce platforms such as "self-preferencing" to market their own brands