Page 2 - Digitisation

Aspirational population in Sikkim keen on innovation, digitisation: CM

Commerce and Industries MOS Som Prakash said there are more than 90,000 startups in India registered with DPIIT

Unmet needs in wireless regulations

Given the high costs of installing fibre, policies for wireless middle- and last-mile connectivity are urgently required

Auditing of local bodies key as India aims to touch $5 trn economy: CAG

Murmu also pointed out that digitisation and expanded use of technology and artificial intelligence have brought its own challenges

Rising cost of data hinders rapid digitisation: MoS IT Rajeev Chandrasekhar

Rising prices of data and devices are a concern for the rapid proliferation of digitisation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. The comments have come against the backdrop of a recent hike of about 57 per cent in the minimum monthly recharge plan by the country's second-largest telco Bharti Airtel. "Rise in cost of data or cost of devices are of concern because they are impediments in rapid digitisation," Chandrasekhar said. The minister said that he is not exactly aware of the hike in mobile services rates by Airtel and the ministry may approach telecom regulator Trai to examine if the hike is going to have a short-term or long-term impact. He said that there has been an impact on prices across the world due to the Russia-Ukraine war and the impact of data price need to be examined. Bharti Airtel has increased the price of its minimum recharge for the 28-day mobile phone service plan by about 57 per cent to Rs 155 in eight circles, ..

Microsoft Chairman hails India's digitisation journey, cloud adoption

Digitisation initiatives in India and the work with digital public goods have been extraordinary, Microsoft Chairman and Chief Executive Officer Satya Nadella said on Tuesday, as he highlighted cloud and artificial intelligence among imperatives driving technology-based economic growth in India. By 2025, most applications will be built on cloud-native infrastructure, and nearly 90 per cent of digital workloads will be deployed on cloud-native platforms, he said during a keynote address at the Microsoft Future Ready Leadership Summit here. Sharing his vision for a tech-enabled India, he highlighted how the cloud will be foundational to scaling India's digital journey and how Microsoft is innovating across the tech stack to support the country's ecosystem of developers, startups and companies across every industry. "Cloud is 70-80 per cent energy efficient on workload. You hedge against demand cycle, you consume it only when you need it. We are investing in 60-plus regions, 200-plus .

CJI Chandrachud inaugurates 10 district court digitisation hubs in Odisha

Chief Justice of India D Y Chandrachud on Monday virtually inaugurated 10 district court digitisation hubs (DCDH) in Odisha, and said that modernisation of judiciary is the need of the hour. With Monday's inauguration, a total of 15 DCDHs have now become functional in the state, with each catering to a neighbouring district, thus covering all 30 district courts. Appreciating the information and communication technology (ICT) measures adopted by the Orissa High Court under the leadership of its Chief Justice S Muralidhar, he said, "Digitisation should be accompanied by a push for e-filing of cases." He also said that the Orissa High Court, with its digitisation initiatives, is now a "role model" for all other high courts of the country. "Very soon, the Orissa High Court would be mentoring the entire judiciary of the nation in the field of digitisation," he added.

Personal data protection Bill may lead to UK, EU data adequacy deals

Under the new draft DPRP bill put out for public consultation, the government has proposed free cross-border flow of data with "friendly" nations, significantly easing its earlier stance

Data Protection Bill: Experts seek clarity on timelines and definitions

Say some of the open-ended language may need refining

Physical presence back in focus as mutual funds look beyond metros

New branches being added even as digitisation empowers every transaction

Bayer ties up with 2 firms to help 10 mn Indian farmers in digitisation

Global life sciences firm Bayer on Wednesday announced its tie-up with Rabo Partnerships and Mastercard for a five-year programme that aims to help 1 crore small farmers in India gain easier access to formal financial services. The programme is part of Bayer's commitment to reach 10 crore smallholder farmers worldwide by 2030 with much-needed inputs, digital tools and financial services, the company said in a statement. "Through this partnership, smallholder farmers will not only gain easier access to agricultural advisory services and direct market linkages, but also build their credit profiles and lower their input costs through access to institutional credit, allowing them to increase efficiency, improve crop yields, and grow their profits significantly," said D Narain, President, Bayer South Asia and Global Head of smallholder farming. Bayer's FarmRise, a digital platform for android mobile users, provides various digital advisory services to smallholders today, and through ...

How digitisation and access to the internet are leaving Indian women behind

The pandemic reinforced the importance of access to mobile and mobile internet for information, healthcare, education as well as e-commerce, financial services and income-generation opportunities

Replacing 'phone banking' with 'digital banking' promoted growth: PM Modi

Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. Referring to the previous UPA regime, he said under 'phone banking', instructions were given on phone to banks regarding whom they had to lend to and at what terms and conditions. "The economy of any country is as progressive as its banking system is strong," the Prime Minister said after dedicating 75 Digital Banking Units (DBUs) to the nation via video-conference. Observing that the country has shifted from the pre-2014 'phone banking' system to digital banking in the last eight years, he said "as a result, India's economy is moving forward with a continuum." Modi said before 2014, the banks used to get phone calls to decide their functioning, and added "phone banking politics had made the banks unsafe and made the country's economy insecure by sowing the seeds of thousands of crores of scams." The ..

India has been a leader in digitalisation over last few years: IMF official

India has been a leader in digitalisation over the last few years and has overcome some of the administrative bottlenecks through increased innovation, a senior International Monetary Fund official said. Digitalisation has taken on added importance as the world exits the COVID-19 pandemic, Anner-Marie Gulde-Wolfe, deputy director at the IMF's Asia Pacific Department, told reporters at a news conference here on Friday. "As is well known by now, India has been a leader in digitalisation over the last couple of years, particularly with the provision of digital infrastructure... this has increased innovation and it has overcome some of the administrative bottlenecks that there were before," she said. "Under Covid, there has been significant scarring in Asia and elsewhere and digitalisation promises to be one of the avenues to increase productivity of firms," she said in response to a question. "We do have some empirical evidence for that. Our forthcoming Regional Economic Outlook will

Digitisation a game changer for Indian economy, says IMF chief economist

Applauding India's digitisation efforts, the chief economist of the International Monetary Fund (IMF) on Wednesday said the move was a game changer as it had allowed the Indian government to do things that would have been extremely difficult otherwise. "Digitisation is helping along a number of dimensions. One is financial inclusion, obviously because there are a lot of people in countries like India that were unbanked. And having access to digital wallets is a way in which they can enter into transactions that are not just cash transactions, which are very inefficient," Pierre-Olivier Gourinchas, the chief economist of IMF, told PTI in an interview in response to a question about India's digitisation efforts. "I think it (digitization) has allowed the (Indian) government to do things that would have been extremely difficult to do otherwise. Yes (it is a game changer). It is certainly something that is a very welcome development, Gourinchas suggested. So that's a huge plus in terms

Inclusive digitisation: G20 nations need to adopt inter-operable platforms

G-20 member nations must discuss all these issues irrespective of the conflict and arrive at certain principles to take the world forward

CCI needs to be abreast of global best practices on mergers: FM Sitharaman

Finance Minister stressed upon the need for the federal competition watchdog to communicate more

Multi-modal transport to pivot National Logistics Policy, boost export edge

In line with earlier plans such as National Rail Plan and Maritime India Vision, NLP aims to bring sweeping changes in the current costly, polluting and congesting modal mix of Indian logistics

Ease of doing business and digitisation in India appeals to Adobe: CEO

Adobe Systems CEO Shantanu Narayen on Tuesday said that ease of doing business in India and digitisation appeal to the company

Merchants need to modernise, digitise their business models: Smriti Irani

There is a need for the traders and merchants to modernize and digitize their business models, Union Minister Smriti Irani said on Monday. "In the constantly changing business scenario, the merchants of our country need to transform, digitize and modernize their business models," Irani, who is also the Minister of Minority Affairs, said. The Minister of Women and Child Development made the remarks while launching CAIT India Knowledge Mission in the national capital, the Confederation of All India Traders (CAIT) said in a statement. The initiative will educate and assist the traders across the country to adopt new and modern technologies to their businesses. CAIT will organise both offline and online workshops across the country as part of the programme. CAIT Secretary General Praveen Khandelwal said "in the last few years foreign e-commerce companies and big corporate companies are trying to take on the retail business." The mission has been launched to teach the traders and mercha

Statsguru: Six charts explain the rise of UPI transaction volumes

Smaller transactions dominate the system. Nearly seven out of every 10 transactions initiated via UPI are for less than Rs 500